Parag Milk IPO vs Quess Corp IPO

Comparision between Parag Milk IPO and Quess Corp IPO.

IPO Details

Parag Milk IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Quess Corp IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Parag Milk IPO	Quess Corp 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	Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Jm Financial Limited Kotak Mahindra Capital Company Limited Motilal Oswal Investment Advisors Limited	Axis Capital Limited ICICI Securities Limited Iifl Securities Ltd Yes Bank 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 Parag Milk IPO is up to ₹751.78 Cr whereas the issue size of the Quess Corp IPO is up to ₹400.00 Cr. The final issue price of Parag Milk IPO is ₹215.00 per share and of Quess Corp IPO is ₹317.00 per share.

	Parag Milk IPO	Quess Corp IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹215.00 per share	₹310.00 per share
Issue Price (Upper)	₹227.00 per share	₹317.00 per share
Issue Price (Final)	₹215.00 per share	₹317.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	65 shares	45 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹325.00 Cr
OFS Issue Size	1,98,50,000 shares
OFS Issue Size (Amount)
Issue Size Total		12,59,53,353 shares
Issue Size Total (Amount)	up to ₹751.78 Cr	up to ₹400.00 Cr

IPO Timetable

Parag Milk IPO opens on May 04, 2016, while Quess Corp IPO opens on Jun 29, 2016. The closing date of Parag Milk IPO and Quess Corp IPO is May 11, 2016, and Jul 01, 2016, respectively.

	Parag Milk IPO	Quess Corp IPO
Anchor Bid Date
Issue Open	May 04, 2016	Jun 29, 2016
Issue Close	May 11, 2016	Jul 01, 2016
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

Parag Milk IPO P/E ratio is , as compared to Quess Corp IPO P/E ratio of .

Parag Milk IPO

Quess Corp IPO

Financial

Particulars	For the year/period ended (in Rs. Million)
	31-Dec-15	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12	31-Mar-11
Total Assets	9,701.09	9,229.82	8,228.84	6,914.37	6,049.71	4,733.14
Total Revenue	12,311.88	14,405.19	10,895.00	9,271.49	9,005.40	6,585.03
Profit After Tax (PAT)	319.23	259.66	159.68	207.74	188.97	(4.14)

Particulars	For the year/period ended (in Rs. Million)
	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12
Total Assets	12,378.68	7,190.96		3,309.11	2,541.99
Total Revenue	34,424.26	25,727.58		10,043.52	6,394.35
Profit After Tax (PAT)	885.21	672.16		171.02	83.05

Promoter Shareholding (Pre-Issue)

61.13%

99.51%

Promoter Shareholding (Post-Issue)

47.48%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

22.67%%

24.28%%

Shares Offered

In the Parag Milk IPO retail investors (RII) are offered 33,98,964 shares while in Quess Corp IPO retail investors are offered 33,98,964 shares. Qualified institutional buyers (QIB) are offered 1,03,88,303 shares in Parag Milk IPO and 39,03,023 shares in Quess Corp IPO.

	Parag Milk IPO	Quess Corp IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,03,88,303 shares	39,03,023 shares
NII	50,98,447 shares	19,16,251 shares
RII	33,98,964 shares	12,77,500 shares
Employee	3,00,000 shares
Others
Total	1,91,85,714 shares	70,96,774 shares

Bids Received (Subscription)

Parag Milk IPO subscribed 1.83x in total, whereas Quess Corp IPO subscribed 143.99x.

	Parag Milk IPO	Quess Corp IPO
QIB (times)	1.15x	59.02x
NII (times)	3.08x	392.21x
Big NII (times)
Small NII (times)
RII (times)	2.12x	31.23x
Employee (times)	1.02x
Other (times)
Total (times)	1.83x	143.99x

Compare with others

Parag Milk IPO	Quess Corp IPO
Dilip Buildcon IPO	RBL Bank IPO
Advanced Enzyme IPO	S P Apparels IPO
L&T Infotech IPO	Dilip Buildcon IPO
Quess Corp IPO	Advanced Enzyme IPO
Mahanagar Gas IPO	L&T Infotech IPO
Ujjivan Financial Services IPO	Mahanagar Gas IPO
Thyrocare Technologies IPO	Parag Milk IPO
Equitas Holdings IPO	Ujjivan Financial Services IPO
Infibeam IPO	Thyrocare Technologies IPO
Bharat Wire Ropes IPO	Equitas Holdings IPO

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