Embassy Office Parks vs Metropolis IPO

Comparision between Embassy Office Parks and Metropolis IPO.

IPO Details

Embassy Office Parks is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Metropolis IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Embassy Office Parks	Metropolis IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	REIT	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Axis Capital Limited Credit Suisse Securities (India) Private Limited Deutsche Equities India Private Limited Goldman Sachs (India) Securities Private Limited Hsbc Securities & Capital Markets Pvt Ltd Iifl Securities Ltd Jm Financial Limited Nomura Financial Advisory And Securities (India) Pvt Ltd	Credit Suisse Securities (India) Private Limited Goldman Sachs (India) Securities Private Limited Hdfc Bank Limited Jm Financial Limited 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 Embassy Office Parks is up to ₹4,750.00 Cr whereas the issue size of the Metropolis IPO is up to ₹1,204.29 Cr. The final issue price of Embassy Office Parks is ₹300.00 per share and of Metropolis IPO is ₹880.00 per share.

	Embassy Office Parks	Metropolis IPO
Face Value	₹300 per share	₹2 per share
Issue Price (Lower)	₹299.00 per share	₹877.00 per share
Issue Price (Upper)	₹300.00 per share	₹880.00 per share
Issue Price (Final)	₹300.00 per share	₹880.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	400 shares	17 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	15,83,33,200 shares	1,36,85,095 shares
Issue Size Total (Amount)	up to ₹4,750.00 Cr	up to ₹1,204.29 Cr

IPO Timetable

Embassy Office Parks opens on Mar 18, 2019, while Metropolis IPO opens on Apr 03, 2019. The closing date of Embassy Office Parks and Metropolis IPO is Mar 20, 2019, and Apr 05, 2019, respectively.

	Embassy Office Parks	Metropolis IPO
Anchor Bid Date
Issue Open	Mar 18, 2019	Apr 03, 2019
Issue Close	Mar 20, 2019	Apr 05, 2019
Basis Of Allotment (Tentative)	Mar 28, 2019	Apr 10, 2019
Initiation of Refunds (Tentative)	Mar 29, 2019	Apr 11, 2019
Credit of Share (Tentative)		Apr 12, 2019
Listing date (Tentative)	Apr 01, 2019	Apr 15, 2019
Anchor Lockin End date 1	Apr 27, 2019	May 10, 2019
Anchor Lockin End date 2	Jun 26, 2019	Jul 09, 2019

Financials

Embassy Office Parks P/E ratio is , as compared to Metropolis IPO P/E ratio of .

Embassy Office Parks

Metropolis IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. millions)
	31-Dec-18	31-Mar-18	31-Mar-17	31-Mar-16
Total Assets	1,37,790.86	1,35,155.22	1,11,968.97	1,05,490.00
Total Revenue	13,759.83	16,118.00	14,849.20	13,970.16
Profit After Tax	2,851.14	2,569.08	1,770.57	931.83

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. 10 Lakhs)
	31-Dec-18	31-Mar-18	31-Mar-17	31-Mar-16
Total Assets	5,838.75	5,303.40	5,151.59	3,959.16
Total Revenue	5,593.06	6,435.67	5,447.24	4,754.69
Profit After Tax	887.71	1,097.47	1,072.57	819.55

Promoter Shareholding (Pre-Issue)

99.71%

Promoter Shareholding (Post-Issue)

49.44%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Embassy Office Parks retail investors (RII) are offered 0 shares while in Metropolis IPO retail investors are offered 0 shares. Qualified institutional buyers (QIB) are offered 3,88,66,800 shares in Embassy Office Parks and 40,15,529 shares in Metropolis IPO.

	Embassy Office Parks	Metropolis IPO
Anchor Investor Reserveration		60,23,293 shares
Market Maker Reserveration
QIB	3,88,66,800 shares	40,15,529 shares
NII	3,23,89,600 shares	20,07,764 shares
RII	0 shares	13,38,509 shares
Employee	0 shares	3,00,000 shares
Others
Total	7,12,56,400 shares	1,36,85,095 shares

Bids Received (Subscription)

Embassy Office Parks subscribed 2.57x in total, whereas Metropolis IPO subscribed 5.83x.

	Embassy Office Parks	Metropolis IPO
QIB (times)	2.15x	8.88x
NII (times)	3.09x	3.03x
Big NII (times)
Small NII (times)
RII (times)		2.15x
Employee (times)		0.05x
Other (times)
Total (times)	2.57x	5.83x

Compare with others

Embassy Office Parks	Metropolis IPO
IndiaMart IPO	Affle IPO
Neogen Chemicals IPO	IndiaMart IPO
Rail Vikas IPO	Neogen Chemicals IPO
Polycab IPO	Rail Vikas IPO
Metropolis IPO	Polycab IPO
MSTC IPO	Embassy Office Parks
Xelpmoc Design and Tech IPO	MSTC IPO
Aavas Financiers IPO	Xelpmoc Design and Tech IPO
IRCON International IPO	Aavas Financiers IPO
Garden Reach Shipbuilders IPO	IRCON International IPO

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