Bajaj Corp IPO vs Midfield Industries IPO

Comparision between Bajaj Corp IPO and Midfield Industries IPO.

IPO Details

Bajaj Corp IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Midfield Industries IPO is a Mainline Book Built Issue proposed to list at BSE.

	Bajaj Corp IPO	Midfield Industries IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE
Lead Managers	Kotak Mahindra Capital Company Limited	Atherstone Capital Markets Limited
Registrar	Kfin Technologies Limited	Bigshare Services Pvt 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 Bajaj Corp IPO is up to ₹297.00 Cr whereas the issue size of the Midfield Industries IPO is up to ₹59.85 Cr. The final issue price of Bajaj Corp IPO is ₹660.00 per share and of Midfield Industries IPO is ₹133.00 per share.

	Bajaj Corp IPO	Midfield Industries IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹630.00 per share	₹126.00 per share
Issue Price (Upper)	₹660.00 per share	₹133.00 per share
Issue Price (Final)	₹660.00 per share	₹133.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	10 shares	50 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	45,00,000 shares	45,00,000 shares
Issue Size Total (Amount)	up to ₹297.00 Cr	up to ₹59.85 Cr

IPO Timetable

Bajaj Corp IPO opens on Aug 02, 2010, while Midfield Industries IPO opens on Jul 19, 2010. The closing date of Bajaj Corp IPO and Midfield Industries IPO is Aug 05, 2010, and Jul 21, 2010, respectively.

	Bajaj Corp IPO	Midfield Industries IPO
Anchor Bid Date
Issue Open	Aug 02, 2010	Jul 19, 2010
Issue Close	Aug 05, 2010	Jul 21, 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

Bajaj Corp IPO P/E ratio is , as compared to Midfield Industries IPO P/E ratio of .

Bajaj Corp IPO

Midfield Industries IPO

Financial

Particulars	For the year/period ended (Rs. in Millions)
	31-Dec-09	31-Mar-09	31-Mar-08
Total Income	2,391.97	2,520.26	0.01
Profit After Tax (PAT)	564.97	469.92	(0.63)

Particulars	For the year/period ended (Rs. in Million)
	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06	31-Mar-05
Total Income	843.91	701.64	521.16	439.10	262.91
Profit After Tax (PAT)	59.09	41.60	18.67	17.10	2.12

Promoter Shareholding (Pre-Issue)

100%

79.76%

Promoter Shareholding (Post-Issue)

84.75%

51.77%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

327.66%%

24.16%%

Shares Offered

In the Bajaj Corp IPO retail investors (RII) are offered 13,50,000 shares while in Midfield Industries IPO retail investors are offered 13,50,000 shares. Qualified institutional buyers (QIB) are offered 18,90,000 shares in Bajaj Corp IPO and 22,50,000 shares in Midfield Industries IPO.

	Bajaj Corp IPO	Midfield Industries IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	18,90,000 shares	22,50,000 shares
NII	4,50,000 shares	6,75,000 shares
RII	13,50,000 shares	15,75,000 shares
Employee
Others
Total	36,90,000 shares	45,00,000 shares

Bids Received (Subscription)

Bajaj Corp IPO subscribed 19.29x in total, whereas Midfield Industries IPO subscribed 12.92x.

	Bajaj Corp IPO	Midfield Industries IPO
QIB (times)	20.19x	1.86x
NII (times)	53.49x	48.41x
Big NII (times)
Small NII (times)
RII (times)	6.62x	13.51x
Employee (times)
Other (times)
Total (times)	19.29x	12.92x

Compare with others

Bajaj Corp IPO	Midfield Industries IPO
Indosolar IPO	Gujarat Pipavav IPO
VA Tech IPO	Prakash Steelage IPO
Coal India IPO	Bajaj Corp IPO
Gujarat Pipavav IPO	SKS Microfinance IPO
Prakash Steelage IPO	Engineers India FPO
SKS Microfinance IPO	Hindustan Media IPO
Engineers India FPO	Aster Silicates IPO
Midfield Industries IPO	Technofab IPO
Hindustan Media IPO	Parabolic Drugs IPO
Aster Silicates IPO	Standard Chartered IDR

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