Aster Silicates IPO vs Mandhana Industries IPO

Comparision between Aster Silicates IPO and Mandhana Industries IPO.

IPO Details

Aster Silicates IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Mandhana Industries IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Aster Silicates IPO	Mandhana Industries 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	Saffron Capital Advisors Private Limited	Axis Bank Limited Edelweiss Financial Services Ltd
Registrar	Sharepro Services Private Limited	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL		IPO Allotment URL

Issue Size and Price

The total issue size of Aster Silicates IPO is up to ₹53.10 Cr whereas the issue size of the Mandhana Industries IPO is up to ₹107.90 Cr. The final issue price of Aster Silicates IPO is ₹118.00 per share and of Mandhana Industries IPO is ₹130.00 per share.

	Aster Silicates IPO	Mandhana Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹112.00 per share	₹120.00 per share
Issue Price (Upper)	₹118.00 per share	₹130.00 per share
Issue Price (Final)	₹118.00 per share	₹130.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	50 shares	50 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	45,00,000 shares	83,00,000 shares
Issue Size Total (Amount)	up to ₹53.10 Cr	up to ₹107.90 Cr

IPO Timetable

Aster Silicates IPO opens on Jun 24, 2010, while Mandhana Industries IPO opens on Apr 27, 2010. The closing date of Aster Silicates IPO and Mandhana Industries IPO is Jun 28, 2010, and Apr 29, 2010, respectively.

	Aster Silicates IPO	Mandhana Industries IPO
Anchor Bid Date
Issue Open	Jun 24, 2010	Apr 27, 2010
Issue Close	Jun 28, 2010	Apr 29, 2010
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

Aster Silicates IPO P/E ratio is , as compared to Mandhana Industries IPO P/E ratio of .

Aster Silicates IPO

Mandhana Industries IPO

Financial

Particulars	For the year/period ended (Rs. in Lacs)
	30-Sep-09	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06	31-Mar-05
Total Income	3031.09	3409.13	1699.42	832.76	864.62	815.69
Profit After Tax (PAT)	232.20	254.91	65.79	14.24	(8.61)	35.87

Particulars	For the year/period ended (Rs. in Lacs)
	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06	31-Mar-05
Total Income	46,325.17	40,693.94	24,033.69	18,134.79	12,656.42
Profit After Tax (PAT)	3,656.42	3,530.38	1,943.10	1,212.63	641.11

Promoter Shareholding (Pre-Issue)

71.43%

83.02%

Promoter Shareholding (Post-Issue)

49.8%

62.21%

P/E Ratio

Market Cap

ROE

ROCE

16.36%%

25.18%%

Debt/Equity

EPS

RoNW

14.18%%

27.35%%

Shares Offered

In the Aster Silicates IPO retail investors (RII) are offered 16,59,375 shares while in Mandhana Industries IPO retail investors are offered 16,59,375 shares. Qualified institutional buyers (QIB) are offered 23,70,535 shares in Aster Silicates IPO and 29,96,150 shares in Mandhana Industries IPO.

	Aster Silicates IPO	Mandhana Industries IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	23,70,535 shares	29,96,150 shares
NII	7,11,161 shares	12,45,000 shares
RII	16,59,375 shares	29,05,000 shares
Employee
Others
Total	47,41,071 shares	71,46,150 shares

Bids Received (Subscription)

Aster Silicates IPO subscribed 4.47x in total, whereas Mandhana Industries IPO subscribed 6.32x.

	Aster Silicates IPO	Mandhana Industries IPO
QIB (times)	0.01x	7.97x
NII (times)	12.46x	10.52x
Big NII (times)
Small NII (times)
RII (times)	7.41x	2.81x
Employee (times)
Other (times)
Total (times)	4.47x	6.32x

Compare with others

Aster Silicates IPO	Mandhana Industries IPO
Bajaj Corp IPO	Aster Silicates IPO
SKS Microfinance IPO	Technofab IPO
Engineers India FPO	Parabolic Drugs IPO
Midfield Industries IPO	Standard Chartered IDR
Hindustan Media IPO	Jaypee Infratech IPO
Technofab IPO	SJVN IPO
Parabolic Drugs IPO	Nitesh Estates IPO
Standard Chartered IDR	Tarapur Transformers IPO
Jaypee Infratech IPO	Talwalkars IPO
Mandhana Industries IPO	Goenka IPO

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