Lodha Developers IPO vs Sona Comstar IPO

Comparision between Lodha Developers IPO and Sona Comstar IPO.

IPO Details

Lodha Developers IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Sona Comstar IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Lodha Developers IPO	Sona Comstar 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	Axis Capital Limited Bob Capital Markets Limited Edelweiss Financial Services Ltd ICICI Securities Limited Iifl Securities Ltd J.P. Morgan India Private Limited Jm Financial Limited Kotak Mahindra Capital Company Limited SBI Capital Markets Limited Yes Securities (India) Limited	Credit Suisse Securities (India) Private Limited J.P. Morgan India Private Limited Jm Financial Limited Kotak Mahindra Capital Company Limited Nomura Financial Advisory And Securities (India) Pvt Ltd
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
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 Lodha Developers IPO is up to ₹2,500.00 Cr whereas the issue size of the Sona Comstar IPO is up to ₹5,550.00 Cr. The final issue price of Lodha Developers IPO is ₹486.00 per share and of Sona Comstar IPO is ₹291.00 per share.

	Lodha Developers IPO	Sona Comstar IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹483.00 per share	₹285.00 per share
Issue Price (Upper)	₹486.00 per share	₹291.00 per share
Issue Price (Final)	₹486.00 per share	₹291.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	30 shares	51 shares
Fresh Issue Size
Fresh Issue Size (Amount)		up to ₹300.00 Cr
OFS Issue Size
OFS Issue Size (Amount)		up to ₹5,250.00 Cr
Issue Size Total	5,14,40,328 shares
Issue Size Total (Amount)	up to ₹2,500.00 Cr	up to ₹5,550.00 Cr

IPO Timetable

Lodha Developers IPO opens on Apr 07, 2021, while Sona Comstar IPO opens on Jun 14, 2021. The closing date of Lodha Developers IPO and Sona Comstar IPO is Apr 09, 2021, and Jun 16, 2021, respectively.

	Lodha Developers IPO	Sona Comstar IPO
Anchor Bid Date
Issue Open	Apr 07, 2021	Jun 14, 2021
Issue Close	Apr 09, 2021	Jun 16, 2021
Basis Of Allotment (Tentative)	Apr 16, 2021	Jun 21, 2021
Initiation of Refunds (Tentative)	Apr 19, 2021	Jun 22, 2021
Credit of Share (Tentative)	Apr 20, 2021	Jun 23, 2021
Listing date (Tentative)	Apr 19, 2021	Jun 24, 2021
Anchor Lockin End date 1	May 16, 2021	Jul 21, 2021
Anchor Lockin End date 2	Jul 15, 2021	Sep 19, 2021

Financials

Lodha Developers IPO P/E ratio is , as compared to Sona Comstar IPO P/E ratio of .

Lodha Developers IPO

Sona Comstar IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in millions)
	31-Dec-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	4,05,946.16	4,06,925.56	4,98,639.40	4,78,112.76
Total Revenue	31,604.85	1,25,609.85	1,19,788.67	1,37,265.69
Profit After Tax	(2,643.02)	7,448.36	16,439.77	17,893.90

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in million)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	21,748.30	18,506.82	16,325.57
Total Revenue	15,686.41	10,437.65	7,025.01
Profit After Tax	2,151.65	3,603.43	1,731.80

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

67.30%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Lodha Developers IPO retail investors (RII) are offered 1,78,98,551 shares while in Sona Comstar IPO retail investors are offered 1,78,98,551 shares. Qualified institutional buyers (QIB) are offered 1,02,27,742 shares in Lodha Developers IPO and 5,84,21,052 shares in Sona Comstar IPO.

	Lodha Developers IPO	Sona Comstar IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,02,27,742 shares	5,84,21,052 shares
NII	76,70,808 shares	2,92,10,526 shares
RII	1,78,98,551 shares	1,94,73,684 shares
Employee	6,21,118 shares	0 shares
Others
Total	3,64,18,219 shares	10,71,05,262 shares

Bids Received (Subscription)

Lodha Developers IPO subscribed 1.36x in total, whereas Sona Comstar IPO subscribed 2.28x.

	Lodha Developers IPO	Sona Comstar IPO
QIB (times)	3.05x	3.46x
NII (times)	1.44x	0.39x
Big NII (times)
Small NII (times)
RII (times)	0.40x	1.58x
Employee (times)	0.17x
Other (times)
Total (times)	1.36x	2.28x

Compare with others

Lodha Developers IPO	Sona Comstar IPO
KIMS IPO	G R Infraprojects IPO
Dodla Dairy IPO	India Pesticides IPO
Sona Comstar IPO	Ruchi Soya FPO
POWERGRID InvIT IPO April 2021	KIMS IPO
Shyam Metalics IPO	Dodla Dairy IPO
Barbeque Nation IPO	POWERGRID InvIT IPO April 2021
Suryoday Small Finance Bank IPO	Shyam Metalics IPO
Kalyan Jewellers IPO	Lodha Developers IPO
Anupam Rasayan IPO	Barbeque Nation IPO
Laxmi Organic IPO	Suryoday Small Finance Bank IPO

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