Goenka IPO vs Persistent Systems IPO

Comparision between Goenka IPO and Persistent Systems IPO.

IPO Details

Goenka IPO 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.

	Goenka IPO	Persistent Systems 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	SBI Capital Markets 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 Goenka IPO is up to ₹126.51 Cr whereas the issue size of the Persistent Systems IPO is up to ₹168.01 Cr. The final issue price of Goenka IPO is ₹135.00 per share and of Persistent Systems IPO is ₹310.00 per share.

	Goenka IPO	Persistent Systems IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹135.00 per share	₹290.00 per share
Issue Price (Upper)	₹145.00 per share	₹310.00 per share
Issue Price (Final)	₹135.00 per share	₹310.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	40 shares	20 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	93,71,000 shares	54,19,706 shares
Issue Size Total (Amount)	up to ₹126.51 Cr	up to ₹168.01 Cr

IPO Timetable

Goenka IPO opens on Mar 23, 2010, while Persistent Systems IPO opens on Mar 17, 2010. The closing date of Goenka IPO and Persistent Systems IPO is Mar 26, 2010, and Mar 19, 2010, respectively.

	Goenka IPO	Persistent Systems IPO
Anchor Bid Date
Issue Open	Mar 23, 2010	Mar 17, 2010
Issue Close	Mar 26, 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

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

Goenka IPO

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)

100%

43.34%

Promoter Shareholding (Post-Issue)

69.07%

38.85%

P/E Ratio

Market Cap

ROE

18.5%%

ROCE

42.8%%

Debt/Equity

EPS

RoNW

38.96%%

18.55%%

Shares Offered

In the Goenka IPO retail investors (RII) are offered 35,00,000 shares while in Persistent Systems IPO retail investors are offered 35,00,000 shares. Qualified institutional buyers (QIB) are offered 50,00,000 shares in Goenka IPO and 29,26,638 shares in Persistent Systems IPO.

	Goenka IPO	Persistent Systems IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	50,00,000 shares	29,26,638 shares
NII	15,00,000 shares	4,87,773 shares
RII	35,00,000 shares	14,63,319 shares
Employee		5,41,976 shares
Others
Total	1,00,00,000 shares	54,19,706 shares

Bids Received (Subscription)

Goenka IPO subscribed 1.07x in total, whereas Persistent Systems IPO subscribed 93.60x.

	Goenka IPO	Persistent Systems IPO
QIB (times)	0.78x	144.43x
NII (times)	3.00x	107.73x
Big NII (times)
Small NII (times)
RII (times)	0.66x	21.69x
Employee (times)		0.61x
Other (times)
Total (times)	1.07x	93.60x

Compare with others

Goenka IPO	Persistent Systems IPO
Mandhana Industries IPO	Tarapur Transformers IPO
SJVN IPO	Talwalkars IPO
Nitesh Estates IPO	Goenka IPO
Tarapur Transformers IPO	Intrasoft IPO
Talwalkars IPO	Shree Ganesh IPO
Intrasoft IPO	ILFS Transportation IPO
Shree Ganesh IPO	Pradip Overseas IPO
Persistent Systems IPO	DQ Entertainment IPO
ILFS Transportation IPO	NMDC FPO
Pradip Overseas IPO	United Bank of India IPO

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