Midfield Industries IPO vs SKS Microfinance IPO

Comparision between Midfield Industries IPO and SKS Microfinance IPO.

IPO Details

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

	Midfield Industries IPO	SKS Microfinance IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE	BSE, NSE
Lead Managers	Atherstone Capital Markets Limited	Citigroup Global Markets India Private Limited Kotak Mahindra Capital Company Limited
Registrar	Bigshare Services Pvt 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 Midfield Industries IPO is up to ₹59.85 Cr whereas the issue size of the SKS Microfinance IPO is up to ₹1,628.78 Cr. The final issue price of Midfield Industries IPO is ₹133.00 per share and of SKS Microfinance IPO is ₹985.00 per share.

	Midfield Industries IPO	SKS Microfinance IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹126.00 per share	₹850.00 per share
Issue Price (Upper)	₹133.00 per share	₹985.00 per share
Issue Price (Final)	₹133.00 per share	₹985.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	50 shares	7 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	45,00,000 shares	1,67,91,579 shares
Issue Size Total (Amount)	up to ₹59.85 Cr	up to ₹1,628.78 Cr

IPO Timetable

Midfield Industries IPO opens on Jul 19, 2010, while SKS Microfinance IPO opens on Jul 28, 2010. The closing date of Midfield Industries IPO and SKS Microfinance IPO is Jul 21, 2010, and Aug 02, 2010, respectively.

	Midfield Industries IPO	SKS Microfinance IPO
Anchor Bid Date
Issue Open	Jul 19, 2010	Jul 28, 2010
Issue Close	Jul 21, 2010	Aug 02, 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

Midfield Industries IPO P/E ratio is , as compared to SKS Microfinance IPO P/E ratio of .

Midfield Industries IPO

SKS Microfinance IPO

Financial

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

Particulars	For the year/period ended (Rs. in Millions)
	30-Sep-09	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06	31-Mar-05
Total Income	3,846.88	5,539.99	1,700.08	456.66	99.44	0.70
Profit After Tax (PAT)	559.01	801.96	166.62	22.06	16.47	0.38

Promoter Shareholding (Pre-Issue)

79.76%

55.8%

Promoter Shareholding (Post-Issue)

51.77%

37.1%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

24.16%%

18.4%%

Shares Offered

In the Midfield Industries IPO retail investors (RII) are offered 15,75,000 shares while in SKS Microfinance IPO retail investors are offered 15,75,000 shares. Qualified institutional buyers (QIB) are offered 22,50,000 shares in Midfield Industries IPO and 70,52,464 shares in SKS Microfinance IPO.

	Midfield Industries IPO	SKS Microfinance IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	22,50,000 shares	70,52,464 shares
NII	6,75,000 shares	16,79,157 shares
RII	15,75,000 shares	50,37,474 shares
Employee
Others
Total	45,00,000 shares	1,37,69,095 shares

Bids Received (Subscription)

Midfield Industries IPO subscribed 12.92x in total, whereas SKS Microfinance IPO subscribed 13.69x.

	Midfield Industries IPO	SKS Microfinance IPO
QIB (times)	1.86x	20.38x
NII (times)	48.41x	18.26x
Big NII (times)
Small NII (times)
RII (times)	13.51x	2.81x
Employee (times)
Other (times)
Total (times)	12.92x	13.69x

Compare with others

Midfield Industries IPO	SKS Microfinance 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	Bajaj Corp 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	Technofab IPO

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