NMDC FPO vs Persistent Systems IPO

Comparision between NMDC FPO and Persistent Systems IPO.

IPO Details

NMDC FPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Persistent Systems IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	NMDC FPO	Persistent Systems IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	FPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Citigroup Global Markets India Private Limited Edelweiss Financial Services Ltd Kotak Mahindra Capital Company Limited Morgan Stanley India Company Pvt Ltd Ubs Securities India Private Limited	Axis Capital Limited J.P. Morgan India Private Limited
Registrar	Kfin Technologies Limited	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 NMDC FPO is up to ₹9,930.45 Cr whereas the issue size of the Persistent Systems IPO is up to ₹168.01 Cr. The final issue price of NMDC FPO is ₹300.00 per share and of Persistent Systems IPO is ₹310.00 per share.

	NMDC FPO	Persistent Systems IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)	₹300.00 per share	₹290.00 per share
Issue Price (Upper)	₹350.00 per share	₹310.00 per share
Issue Price (Final)	₹300.00 per share	₹310.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	20 shares	20 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	33,22,43,200 shares	54,19,706 shares
Issue Size Total (Amount)	up to ₹9,930.45 Cr	up to ₹168.01 Cr

IPO Timetable

NMDC FPO opens on Mar 10, 2010, while Persistent Systems IPO opens on Mar 17, 2010. The closing date of NMDC FPO and Persistent Systems IPO is Mar 12, 2010, and Mar 19, 2010, respectively.

	NMDC FPO	Persistent Systems IPO
Anchor Bid Date
Issue Open	Mar 10, 2010	Mar 17, 2010
Issue Close	Mar 12, 2010	Mar 19, 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

NMDC FPO P/E ratio is , as compared to Persistent Systems IPO P/E ratio of .

NMDC FPO

Persistent Systems 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	6,006.84	4,504.66	3,177.15	2,188.19	1,488.48
Profit After Tax (PAT)	667.64	833.84	572.41	368.14	340.68

Promoter Shareholding (Pre-Issue)

98.38%

43.34%

Promoter Shareholding (Post-Issue)

90%

38.85%

P/E Ratio

Market Cap

ROE

18.5%%

ROCE

42.8%%

Debt/Equity

EPS

RoNW

37.48%%

18.55%%

Shares Offered

In the NMDC FPO retail investors (RII) are offered 11,56,75,000 shares while in Persistent Systems IPO retail investors are offered 11,56,75,000 shares. Qualified institutional buyers (QIB) are offered 16,52,50,000 shares in NMDC FPO and 29,26,638 shares in Persistent Systems IPO.

	NMDC FPO	Persistent Systems IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	16,52,50,000 shares	29,26,638 shares
NII	4,95,75,000 shares	4,87,773 shares
RII	11,56,75,000 shares	14,63,319 shares
Employee	17,43,200 shares	5,41,976 shares
Others
Total	33,22,43,200 shares	54,19,706 shares

Bids Received (Subscription)

NMDC FPO subscribed 1.25x in total, whereas Persistent Systems IPO subscribed 93.60x.

	NMDC FPO	Persistent Systems IPO
QIB (times)	2.28x	144.43x
NII (times)	0.22x	107.73x
Big NII (times)
Small NII (times)
RII (times)	0.22x	21.69x
Employee (times)	0.07x	0.61x
Other (times)
Total (times)	1.25x	93.60x

Compare with others

NMDC FPO	Persistent Systems IPO
Shree Ganesh IPO	Tarapur Transformers IPO
Persistent Systems IPO	Talwalkars IPO
ILFS Transportation IPO	Goenka IPO
Pradip Overseas IPO	Intrasoft IPO
DQ Entertainment IPO	Shree Ganesh IPO
United Bank of India IPO	ILFS Transportation IPO
Man Infraconstruction IPO	Pradip Overseas IPO
Texmo IPO	DQ Entertainment IPO
ARSS Infra IPO	NMDC FPO
Hathway Cable IPO	United Bank of India IPO

Comments

Add a public comment...