Mahanagar Gas IPO vs Parag Milk IPO

Comparision between Mahanagar Gas IPO and Parag Milk IPO.

IPO Details

Mahanagar Gas IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Parag Milk IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Mahanagar Gas IPO	Parag Milk 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	Citigroup Global Markets India Private Limited Kotak Mahindra Capital Company Limited	Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Jm Financial Limited Kotak Mahindra Capital Company Limited Motilal Oswal Investment Advisors Limited
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 Mahanagar Gas IPO is up to ₹1,039.64 Cr whereas the issue size of the Parag Milk IPO is up to ₹751.78 Cr. The final issue price of Mahanagar Gas IPO is ₹421.00 per share and of Parag Milk IPO is ₹215.00 per share.

	Mahanagar Gas IPO	Parag Milk IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹380.00 per share	₹215.00 per share
Issue Price (Upper)	₹421.00 per share	₹227.00 per share
Issue Price (Final)	₹421.00 per share	₹215.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	35 shares	65 shares
Fresh Issue Size
Fresh Issue Size (Amount)		up to ₹325.00 Cr
OFS Issue Size	2,46,94,500 shares	1,98,50,000 shares
OFS Issue Size (Amount)
Issue Size Total	2,46,94,500 shares
Issue Size Total (Amount)	up to ₹1,039.64 Cr	up to ₹751.78 Cr

IPO Timetable

Mahanagar Gas IPO opens on Jun 21, 2016, while Parag Milk IPO opens on May 04, 2016. The closing date of Mahanagar Gas IPO and Parag Milk IPO is Jun 23, 2016, and May 11, 2016, respectively.

	Mahanagar Gas IPO	Parag Milk IPO
Anchor Bid Date
Issue Open	Jun 21, 2016	May 04, 2016
Issue Close	Jun 23, 2016	May 11, 2016
Basis Of Allotment (Tentative)
Initiation of Refunds (Tentative)
Credit of Share (Tentative)
Listing date (Tentative)
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Mahanagar Gas IPO P/E ratio is , as compared to Parag Milk IPO P/E ratio of .

Mahanagar Gas IPO

Parag Milk IPO

Financial

Particulars	For the year/period ended (in Rs. Million)
	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12
Total Liabilities	23,562.96	21,655.85	19,743.01	17,829.70	15,462.72
Total Assets	23,562.96	21,655.85	19,743.01	17,829.70	15,462.72
Total Revenue	21,216.28	21,356.37	19,196.47	15,462.34	13,283.99
Profit After Tax (PAT)	3,086.87	3,010.01	2,972.49	2,985.06	3,077.43

Particulars	For the year/period ended (in Rs. Million)
	31-Dec-15	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12	31-Mar-11
Total Assets	9,701.09	9,229.82	8,228.84	6,914.37	6,049.71	4,733.14
Total Revenue	12,311.88	14,405.19	10,895.00	9,271.49	9,005.40	6,585.03
Profit After Tax (PAT)	319.23	259.66	159.68	207.74	188.97	(4.14)

Promoter Shareholding (Pre-Issue)

90%

61.13%

Promoter Shareholding (Post-Issue)

65%

47.48%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

20.2%%

22.67%%

Shares Offered

In the Mahanagar Gas IPO retail investors (RII) are offered 85,73,075 shares while in Parag Milk IPO retail investors are offered 85,73,075 shares. Qualified institutional buyers (QIB) are offered 48,98,900 shares in Mahanagar Gas IPO and 1,03,88,303 shares in Parag Milk IPO.

	Mahanagar Gas IPO	Parag Milk IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	48,98,900 shares	1,03,88,303 shares
NII	36,74,175 shares	50,98,447 shares
RII	85,73,075 shares	33,98,964 shares
Employee	2,00,000 shares	3,00,000 shares
Others
Total	1,73,46,150 shares	1,91,85,714 shares

Bids Received (Subscription)

Mahanagar Gas IPO subscribed 64.54x in total, whereas Parag Milk IPO subscribed 1.83x.

	Mahanagar Gas IPO	Parag Milk IPO
QIB (times)	72.84x	1.15x
NII (times)	191.61x	3.08x
Big NII (times)
Small NII (times)
RII (times)	6.82x	2.12x
Employee (times)	1.18x	1.02x
Other (times)
Total (times)	64.54x	1.83x

Compare with others

Mahanagar Gas IPO	Parag Milk IPO
S P Apparels IPO	Dilip Buildcon IPO
Dilip Buildcon IPO	Advanced Enzyme IPO
Advanced Enzyme IPO	L&T Infotech IPO
L&T Infotech IPO	Quess Corp IPO
Quess Corp IPO	Mahanagar Gas IPO
Parag Milk IPO	Ujjivan Financial Services IPO
Ujjivan Financial Services IPO	Thyrocare Technologies IPO
Thyrocare Technologies IPO	Equitas Holdings IPO
Equitas Holdings IPO	Infibeam IPO
Infibeam IPO	Bharat Wire Ropes IPO

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