Persistent Systems IPO vs Pradip Overseas IPO

Comparision between Persistent Systems IPO and Pradip Overseas IPO.

IPO Details

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

	Persistent Systems IPO	Pradip Overseas 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	Axis Capital Limited J.P. Morgan India Private Limited	Anand Rathi Securities Limited
Registrar	Link Intime India Private 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 Persistent Systems IPO is up to ₹168.01 Cr whereas the issue size of the Pradip Overseas IPO is up to ₹116.60 Cr. The final issue price of Persistent Systems IPO is ₹310.00 per share and of Pradip Overseas IPO is ₹110.00 per share.

	Persistent Systems IPO	Pradip Overseas IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹290.00 per share	₹100.00 per share
Issue Price (Upper)	₹310.00 per share	₹110.00 per share
Issue Price (Final)	₹310.00 per share	₹110.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	20 shares	60 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	54,19,706 shares	1,06,00,000 shares
Issue Size Total (Amount)	up to ₹168.01 Cr	up to ₹116.60 Cr

IPO Timetable

Persistent Systems IPO opens on Mar 17, 2010, while Pradip Overseas IPO opens on Mar 11, 2010. The closing date of Persistent Systems IPO and Pradip Overseas IPO is Mar 19, 2010, and Mar 15, 2010, respectively.

	Persistent Systems IPO	Pradip Overseas IPO
Anchor Bid Date
Issue Open	Mar 17, 2010	Mar 11, 2010
Issue Close	Mar 19, 2010	Mar 15, 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

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

Persistent Systems IPO

Pradip Overseas 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

Particulars	For the year/period ended (Rs. in Lacs)
	31-Dec-09	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06
Total Income	126,984.45	121,009.64	69,312.97	41,421.45	223.45
Profit After Tax (PAT)	5,109.56	4,146.05	3,824.89	2,175.09	41.47

Promoter Shareholding (Pre-Issue)

43.34%

80.06%

Promoter Shareholding (Post-Issue)

38.85%

59.03%

P/E Ratio

Market Cap

ROE

18.5%%

ROCE

42.8%%

29%%

Debt/Equity

EPS

RoNW

18.55%%

32.75%%

Shares Offered

In the Persistent Systems IPO retail investors (RII) are offered 14,63,319 shares while in Pradip Overseas IPO retail investors are offered 14,63,319 shares. Qualified institutional buyers (QIB) are offered 29,26,638 shares in Persistent Systems IPO and 50,50,000 shares in Pradip Overseas IPO.

	Persistent Systems IPO	Pradip Overseas IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	29,26,638 shares	50,50,000 shares
NII	4,87,773 shares	15,15,000 shares
RII	14,63,319 shares	35,35,000 shares
Employee	5,41,976 shares	5,00,000 shares
Others
Total	54,19,706 shares	1,06,00,000 shares

Bids Received (Subscription)

Persistent Systems IPO subscribed 93.60x in total, whereas Pradip Overseas IPO subscribed 14.08x.

	Persistent Systems IPO	Pradip Overseas IPO
QIB (times)	144.43x	8.57x
NII (times)	107.73x	45.35x
Big NII (times)
Small NII (times)
RII (times)	21.69x	10.53x
Employee (times)	0.61x	0.09x
Other (times)
Total (times)	93.60x	14.08x

Compare with others

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

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