Metropolis IPO vs MSTC IPO

Comparision between Metropolis IPO and MSTC IPO.

IPO Details

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

	Metropolis IPO	MSTC 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	Credit Suisse Securities (India) Private Limited Goldman Sachs (India) Securities Private Limited Hdfc Bank Limited Jm Financial Limited Kotak Mahindra Capital Company Limited	Equirus Capital Private Limited
Registrar	Link Intime India Private Ltd	Alankit Assignments 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 Metropolis IPO is up to ₹1,204.29 Cr whereas the issue size of the MSTC IPO is up to ₹212.04 Cr. The final issue price of Metropolis IPO is ₹880.00 per share and of MSTC IPO is ₹120.00 per share.

	Metropolis IPO	MSTC IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹877.00 per share	₹120.00 per share
Issue Price (Upper)	₹880.00 per share	₹128.00 per share
Issue Price (Final)	₹880.00 per share	₹120.00 per share
Discount (Retail)		₹5.50 per share
Discount (Employee)		₹5.50 per share
Market Lot Size	17 shares	90 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	1,36,85,095 shares	1,76,70,400 shares
Issue Size Total (Amount)	up to ₹1,204.29 Cr	up to ₹212.04 Cr

IPO Timetable

Metropolis IPO opens on Apr 03, 2019, while MSTC IPO opens on Mar 13, 2019. The closing date of Metropolis IPO and MSTC IPO is Apr 05, 2019, and Mar 20, 2019, respectively.

	Metropolis IPO	MSTC IPO
Anchor Bid Date
Issue Open	Apr 03, 2019	Mar 13, 2019
Issue Close	Apr 05, 2019	Mar 20, 2019
Basis Of Allotment (Tentative)	Apr 10, 2019	Mar 25, 2019
Initiation of Refunds (Tentative)	Apr 11, 2019	Mar 26, 2019
Credit of Share (Tentative)	Apr 12, 2019	Mar 28, 2019
Listing date (Tentative)	Apr 15, 2019	Mar 29, 2019
Anchor Lockin End date 1	May 10, 2019	Apr 24, 2019
Anchor Lockin End date 2	Jul 09, 2019	Jun 23, 2019

Financials

Metropolis IPO P/E ratio is , as compared to MSTC IPO P/E ratio of .

Metropolis IPO

MSTC IPO

Financial

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

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Million)
	30-Sep-18	31-Mar-18	31-Mar-17	31-Mar-16
Total Assets	42,566.28	47,378.56	45,998.14	41,621.75
Total Revenue	14,915.50	27,931.50	18,762.00	33,078.00
Profit After Tax	(158.84)	(64.81)	1,391.50	(2,471.00)

Promoter Shareholding (Pre-Issue)

99.71%

89.85%

Promoter Shareholding (Post-Issue)

49.44%

64.75%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Metropolis IPO retail investors (RII) are offered 13,38,509 shares while in MSTC IPO retail investors are offered 13,38,509 shares. Qualified institutional buyers (QIB) are offered 40,15,529 shares in Metropolis IPO and 1,32,00,000 shares in MSTC IPO.

	Metropolis IPO	MSTC IPO
Anchor Investor Reserveration	60,23,293 shares
Market Maker Reserveration
QIB	40,15,529 shares	1,32,00,000 shares
NII	20,07,764 shares	26,40,000 shares
RII	13,38,509 shares	17,60,000 shares
Employee	3,00,000 shares	70,400 shares
Others
Total	1,36,85,095 shares	1,76,70,400 shares

Bids Received (Subscription)

Metropolis IPO subscribed 5.83x in total, whereas MSTC IPO subscribed 1.46x.

	Metropolis IPO	MSTC IPO
QIB (times)	8.88x	1.13x
NII (times)	3.03x	2.15x
Big NII (times)
Small NII (times)
RII (times)	2.15x	2.95x
Employee (times)	0.05x	1.54x
Other (times)
Total (times)	5.83x	1.46x

Compare with others

Metropolis IPO	MSTC IPO
Affle IPO	Neogen Chemicals IPO
IndiaMart IPO	Rail Vikas IPO
Neogen Chemicals IPO	Polycab IPO
Rail Vikas IPO	Metropolis IPO
Polycab IPO	Embassy Office Parks
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	Chalet Hotels Limited IPO

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