Mishra Dhatu Nigam IPO vs RITES Limited IPO

Comparision between Mishra Dhatu Nigam IPO and RITES Limited IPO.

IPO Details

Mishra Dhatu Nigam IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while RITES Limited IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Mishra Dhatu Nigam IPO	RITES Limited 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	Idbi Capital Market Services Limited SBI Capital Markets Limited	Elara Capital (India) Private Limited Idbi Capital Market Services Limited Idfc Bank Limited SBI Capital Markets Limited
Registrar	Alankit Assignments Ltd	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 Mishra Dhatu Nigam IPO is up to ₹438.38 Cr whereas the issue size of the RITES Limited IPO is up to ₹460.51 Cr. The final issue price of Mishra Dhatu Nigam IPO is ₹90.00 per share and of RITES Limited IPO is ₹185.00 per share.

	Mishra Dhatu Nigam IPO	RITES Limited IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹87.00 per share	₹180.00 per share
Issue Price (Upper)	₹90.00 per share	₹185.00 per share
Issue Price (Final)	₹90.00 per share	₹185.00 per share
Discount (Retail)	₹3.00 per share
Discount (Employee)	₹3.00 per share
Market Lot Size	150 shares	80 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size	4,87,08,400 shares
OFS Issue Size (Amount)
Issue Size Total	4,87,08,400 shares	2,52,00,000 shares
Issue Size Total (Amount)	up to ₹438.38 Cr	up to ₹460.51 Cr

IPO Timetable

Mishra Dhatu Nigam IPO opens on Mar 21, 2018, while RITES Limited IPO opens on Jun 20, 2018. The closing date of Mishra Dhatu Nigam IPO and RITES Limited IPO is Mar 23, 2018, and Jun 22, 2018, respectively.

	Mishra Dhatu Nigam IPO	RITES Limited IPO
Anchor Bid Date
Issue Open	Mar 21, 2018	Jun 20, 2018
Issue Close	Mar 23, 2018	Jun 22, 2018
Basis Of Allotment (Tentative)	Mar 28, 2018
Initiation of Refunds (Tentative)	Apr 02, 2018
Credit of Share (Tentative)	Apr 03, 2018
Listing date (Tentative)	Apr 04, 2018
Anchor Lockin End date 1	Apr 27, 2018
Anchor Lockin End date 2	Jun 26, 2018

Financials

Mishra Dhatu Nigam IPO P/E ratio is , as compared to RITES Limited IPO P/E ratio of .

Mishra Dhatu Nigam IPO

RITES Limited IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Millions)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	48,031.69	44,092.06	36,056.30	36,363.82	32,867.96
Total Revenue	15,637.21	12,267.27	11,591.07	12,234.70	10,830.52
Profit After Tax	3,624.16	2,827.31	3,122.88	2,605.36	2,330.57

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Mishra Dhatu Nigam IPO retail investors (RII) are offered 1,63,92,250 shares while in RITES Limited IPO retail investors are offered 1,63,92,250 shares. Qualified institutional buyers (QIB) are offered 2,34,17,500 shares in Mishra Dhatu Nigam IPO and 1,20,00,000 shares in RITES Limited IPO.

	Mishra Dhatu Nigam IPO	RITES Limited IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	2,34,17,500 shares	1,20,00,000 shares
NII	70,25,250 shares	36,00,000 shares
RII	1,63,92,250 shares	84,00,000 shares
Employee	18,73,400 shares	12,00,000 shares
Others
Total	4,87,08,400 shares	2,52,00,000 shares

Bids Received (Subscription)

Mishra Dhatu Nigam IPO subscribed 1.21x in total, whereas RITES Limited IPO subscribed 66.74x.

	Mishra Dhatu Nigam IPO	RITES Limited IPO
QIB (times)	1.96x	71.71x
NII (times)	0.13x	194.56x
Big NII (times)
Small NII (times)
RII (times)	0.72x	14.24x
Employee (times)	0.26x	0.96x
Other (times)
Total (times)	1.21x	66.74x

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