Metropolis IPO vs Polycab IPO

Comparision between Metropolis IPO and Polycab IPO.

IPO Details

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

	Metropolis IPO	Polycab 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	Axis Capital Limited Citigroup Global Markets India Private Limited Edelweiss Financial Services Ltd Iifl Securities Ltd Kotak Mahindra Capital Company Limited Yes Securities (India) 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 Metropolis IPO is up to ₹1,204.29 Cr whereas the issue size of the Polycab IPO is up to ₹1,346.00 Cr. The final issue price of Metropolis IPO is ₹880.00 per share and of Polycab IPO is ₹538.00 per share.

	Metropolis IPO	Polycab IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹877.00 per share	₹533.00 per share
Issue Price (Upper)	₹880.00 per share	₹538.00 per share
Issue Price (Final)	₹880.00 per share	₹538.00 per share
Discount (Retail)
Discount (Employee)		₹53.00 per share
Market Lot Size	17 shares	27 shares
Fresh Issue Size
Fresh Issue Size (Amount)		up to ₹400.00 Cr
OFS Issue Size		1,75,82,000 shares
OFS Issue Size (Amount)
Issue Size Total	1,36,85,095 shares
Issue Size Total (Amount)	up to ₹1,204.29 Cr	up to ₹1,346.00 Cr

IPO Timetable

Metropolis IPO opens on Apr 03, 2019, while Polycab IPO opens on Apr 05, 2019. The closing date of Metropolis IPO and Polycab IPO is Apr 05, 2019, and Apr 09, 2019, respectively.

	Metropolis IPO	Polycab IPO
Anchor Bid Date
Issue Open	Apr 03, 2019	Apr 05, 2019
Issue Close	Apr 05, 2019	Apr 09, 2019
Basis Of Allotment (Tentative)	Apr 10, 2019	Apr 12, 2019
Initiation of Refunds (Tentative)	Apr 11, 2019	Apr 15, 2019
Credit of Share (Tentative)	Apr 12, 2019	Apr 16, 2019
Listing date (Tentative)	Apr 15, 2019	Apr 16, 2019
Anchor Lockin End date 1	May 10, 2019	May 12, 2019
Anchor Lockin End date 2	Jul 09, 2019	Jul 11, 2019

Financials

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

Metropolis IPO

Polycab 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. 10 Lakhs)
	31-Dec-18	31-Mar-18	31-Mar-17	31-Mar-16
Total Assets	53,859.07	44,432.58	45,788.08	38,747.40
Total Revenue	55,067.00	69,239.17	60,470.08	57,142.41
Profit After Tax	3,582.23	3,709.20	2,329.56	1,847.04

Promoter Shareholding (Pre-Issue)

99.71%

78.94%

Promoter Shareholding (Post-Issue)

49.44%

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 Polycab IPO retail investors are offered 13,38,509 shares. Qualified institutional buyers (QIB) are offered 40,15,529 shares in Metropolis IPO and 50,04,328 shares in Polycab IPO.

	Metropolis IPO	Polycab IPO
Anchor Investor Reserveration	60,23,293 shares
Market Maker Reserveration
QIB	40,15,529 shares	50,04,328 shares
NII	20,07,764 shares	37,37,535 shares
RII	13,38,509 shares	87,20,914 shares
Employee	3,00,000 shares	1,75,000 shares
Others
Total	1,36,85,095 shares	1,76,37,777 shares

Bids Received (Subscription)

Metropolis IPO subscribed 5.83x in total, whereas Polycab IPO subscribed 51.88x.

	Metropolis IPO	Polycab IPO
QIB (times)	8.88x	92.44x
NII (times)	3.03x	110.42x
Big NII (times)
Small NII (times)
RII (times)	2.15x	4.50x
Employee (times)	0.05x	3.19x
Other (times)
Total (times)	5.83x	51.88x

Compare with others

Metropolis IPO	Polycab IPO
Affle IPO	Spandana Sphoorty IPO
IndiaMart IPO	Affle IPO
Neogen Chemicals IPO	IndiaMart IPO
Rail Vikas IPO	Neogen Chemicals IPO
Polycab IPO	Rail Vikas IPO
Embassy Office Parks	Metropolis 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

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