Lemon Tree Hotels IPO vs Varroc Engineering IPO

Comparision between Lemon Tree Hotels IPO and Varroc Engineering IPO.

IPO Details

Lemon Tree Hotels IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Varroc Engineering IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Lemon Tree Hotels IPO	Varroc Engineering IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Clsa India Private Limited J.P. Morgan India Private Limited Kotak Mahindra Capital Company Limited Yes Securities (India) Limited	Citigroup Global Markets India Private Limited Credit Suisse Securities (India) Private Limited Iifl Securities Ltd Kotak Mahindra Capital Company Limited
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Lemon Tree Hotels IPO is up to ₹1,038.68 Cr whereas the issue size of the Varroc Engineering IPO is up to ₹1,945.77 Cr. The final issue price of Lemon Tree Hotels IPO is ₹56.00 per share and of Varroc Engineering IPO is ₹967.00 per share.

	Lemon Tree Hotels IPO	Varroc Engineering IPO
Face Value	₹10 per share	₹1 per share
Issue Price (Lower)	₹54.00 per share	₹965.00 per share
Issue Price (Upper)	₹56.00 per share	₹967.00 per share
Issue Price (Final)	₹56.00 per share	₹967.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	265 shares	15 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	18,54,79,400 shares	2,01,21,730 shares
Issue Size Total (Amount)	up to ₹1,038.68 Cr	up to ₹1,945.77 Cr

IPO Timetable

Lemon Tree Hotels IPO opens on Mar 26, 2018, while Varroc Engineering IPO opens on Jun 26, 2018. The closing date of Lemon Tree Hotels IPO and Varroc Engineering IPO is Mar 28, 2018, and Jun 28, 2018, respectively.

	Lemon Tree Hotels IPO	Varroc Engineering IPO
Anchor Bid Date
Issue Open	Mar 26, 2018	Jun 26, 2018
Issue Close	Mar 28, 2018	Jun 28, 2018
Basis Of Allotment (Tentative)	Apr 04, 2018	Jul 03, 2018
Initiation of Refunds (Tentative)	Apr 05, 2018	Jul 04, 2018
Credit of Share (Tentative)	Apr 06, 2018	Jul 05, 2018
Listing date (Tentative)	Apr 09, 2018	Jul 06, 2018
Anchor Lockin End date 1	May 04, 2018	Aug 02, 2018
Anchor Lockin End date 2	Jul 03, 2018	Oct 01, 2018

Financials

Lemon Tree Hotels IPO P/E ratio is , as compared to Varroc Engineering IPO P/E ratio of .

Lemon Tree Hotels IPO

Varroc Engineering IPO

Financial

Summary of financial Information ( Restated Standalone)
Particulars	For the year/period ended (in Rs. Million)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	13,602.13	13,112.89	12,965.17	12,937.17	12,156.79
Total Revenue	2,237.65	1,945.47	2,242.02	1,947.84	1,453.82
Profit After Tax	53.52	(-163.36)	(-10.40)	142.82	(-203.44)

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Million)
	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	68,523.92	58,603.80	52,458.55	44,284.68
Total Revenue	104,170.67	97,022.69	82,395.20	70,384.64
Profit After Tax	4,507.77	3,033.89	3,698.23	168.09

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Lemon Tree Hotels IPO retail investors (RII) are offered 6,49,17,790 shares while in Varroc Engineering IPO retail investors are offered 6,49,17,790 shares. Qualified institutional buyers (QIB) are offered 3,70,95,880 shares in Lemon Tree Hotels IPO and 40,24,346 shares in Varroc Engineering IPO.

	Lemon Tree Hotels IPO	Varroc Engineering IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	3,70,95,880 shares	40,24,346 shares
NII	2,78,21,910 shares	30,18,260 shares
RII	6,49,17,790 shares	70,42,606 shares
Employee		1,00,000 shares
Others
Total	12,98,35,580 shares	1,41,85,212 shares

Bids Received (Subscription)

Lemon Tree Hotels IPO subscribed 1.19x in total, whereas Varroc Engineering IPO subscribed 3.54x.

	Lemon Tree Hotels IPO	Varroc Engineering IPO
QIB (times)	3.88x	9.15x
NII (times)	0.12x	2.45x
Big NII (times)
Small NII (times)
RII (times)	0.12x	0.84x
Employee (times)		0.63x
Other (times)
Total (times)	1.19x	3.54x

Compare with others

Lemon Tree Hotels IPO	Varroc Engineering IPO
HDFC AMC IPO	Garden Reach Shipbuilders IPO
Varroc Engineering IPO	Chalet Hotels Limited IPO
Fine Organic IPO	TCNS Clothing IPO
RITES Limited IPO	CreditAccess Grameen IPO
IndoStar Capital Finance IPO	HDFC AMC IPO
ICICI Securities IPO	Fine Organic IPO
Mishra Dhatu Nigam IPO	RITES Limited IPO
Sandhar Technologies IPO	IndoStar Capital Finance IPO
Karda Construction IPO	Lemon Tree Hotels IPO
Hindustan Aeronautics IPO	ICICI Securities IPO

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