MOIL IPO vs Power Grid FPO 2

Comparision between MOIL IPO and Power Grid FPO 2.

IPO Details

MOIL IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Power Grid FPO 2 is a Mainline Book Built Issue proposed to list at BSE, NSE.

	MOIL IPO	Power Grid FPO 2
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	FPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Edelweiss Financial Services Ltd Idbi Capital Market Services Limited J.P. Morgan India Private Limited	Citigroup Global Markets India Private Limited ICICI Securities Limited Kotak Mahindra Capital Company Limited SBI Capital Markets Limited Ubs Securities India Private Limited
Registrar	Kfin Technologies Limited	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 MOIL IPO is up to ₹1,237.51 Cr whereas the issue size of the Power Grid FPO 2 is up to ₹6,958.64 Cr. The final issue price of MOIL IPO is ₹375.00 per share and of Power Grid FPO 2 is ₹85.50 per share.

	MOIL IPO	Power Grid FPO 2
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹340.00 per share	₹85.00 per share
Issue Price (Upper)	₹375.00 per share	₹90.00 per share
Issue Price (Final)	₹375.00 per share	₹85.50 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	17 shares	150 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	3,36,00,000 shares	78,70,53,309 shares
Issue Size Total (Amount)	up to ₹1,237.51 Cr	up to ₹6,958.64 Cr

IPO Timetable

MOIL IPO opens on Nov 26, 2010, while Power Grid FPO 2 opens on Dec 03, 2013. The closing date of MOIL IPO and Power Grid FPO 2 is Dec 01, 2010, and Dec 06, 2013, respectively.

	MOIL IPO	Power Grid FPO 2
Anchor Bid Date
Issue Open	Nov 26, 2010	Dec 03, 2013
Issue Close	Dec 01, 2010	Dec 06, 2013
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

MOIL IPO P/E ratio is , as compared to Power Grid FPO 2 P/E ratio of .

MOIL IPO

Power Grid FPO 2

Financial

Particulars	For the year/period ended (in Rs. Millions)
	31-Mar-10	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06
Total Income	10,878.53	14,394.09	10,154.48	4,167.41	3,637.37
Profit After Tax (PAT)	4,663.46	6,637.93	4,798.15	1,342.09	1,145.17

Promoter Shareholding (Pre-Issue)

100%

69.42%

Promoter Shareholding (Post-Issue)

80%

57.9%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

27.77%%

16.15%%

Shares Offered

In the MOIL IPO retail investors (RII) are offered 1,15,24,800 shares while in Power Grid FPO 2 retail investors are offered 1,15,24,800 shares. Qualified institutional buyers (QIB) are offered 1,64,64,000 shares in MOIL IPO and 39,20,26,655 shares in Power Grid FPO 2.

	MOIL IPO	Power Grid FPO 2
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,64,64,000 shares	39,20,26,655 shares
NII	49,39,200 shares	11,76,07,996 shares
RII	1,15,24,800 shares	27,44,18,658 shares
Employee	6,72,000 shares	30,00,000 shares
Others
Total	3,36,00,000 shares	78,70,53,309 shares

Bids Received (Subscription)

MOIL IPO subscribed 56.43x in total, whereas Power Grid FPO 2 subscribed 6.74x.

	MOIL IPO	Power Grid FPO 2
QIB (times)	49.16x	9.09x
NII (times)	143.30x	9.70x
Big NII (times)
Small NII (times)
RII (times)	32.86x	2.17x
Employee (times)	0.57x	1.31x
Other (times)
Total (times)	56.43x	6.74x

Compare with others

MOIL IPO	Power Grid FPO 2
Punjab & Sind Bank IPO	Shemaroo IPO
A2Z Maintenance IPO	Sharda Cropchem IPO
Ravikumar Distilleries IPO	Snowman Logistics IPO
Claris IPO	Wonderla Holidays IPO
Shipping Corporation FPO	EIL FPO
RPP Infra IPO	Just Dial IPO
Gravita IPO	Repco Home Finance IPO
Power Grid FPO	V Mart Retail IPO
Gyscoal Alloys IPO	Bharti Infratel IPO
Prestige Estates IPO	PC Jeweller IPO

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