Persistent Systems IPO vs Tarapur Transformers IPO

Comparision between Persistent Systems IPO and Tarapur Transformers IPO.

IPO Details

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

	Persistent Systems IPO	Tarapur Transformers 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	Comfort Securities Limited
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt 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 Tarapur Transformers IPO is up to ₹63.75 Cr. The final issue price of Persistent Systems IPO is ₹310.00 per share and of Tarapur Transformers IPO is ₹75.00 per share.

	Persistent Systems IPO	Tarapur Transformers IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹290.00 per share	₹65.00 per share
Issue Price (Upper)	₹310.00 per share	₹75.00 per share
Issue Price (Final)	₹310.00 per share	₹75.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	20 shares	90 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	54,19,706 shares	85,00,000 shares
Issue Size Total (Amount)	up to ₹168.01 Cr	up to ₹63.75 Cr

IPO Timetable

Persistent Systems IPO opens on Mar 17, 2010, while Tarapur Transformers IPO opens on Apr 26, 2010. The closing date of Persistent Systems IPO and Tarapur Transformers IPO is Mar 19, 2010, and Apr 28, 2010, respectively.

	Persistent Systems IPO	Tarapur Transformers IPO
Anchor Bid Date
Issue Open	Mar 17, 2010	Apr 26, 2010
Issue Close	Mar 19, 2010	Apr 28, 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 Tarapur Transformers IPO P/E ratio of .

Persistent Systems IPO

Tarapur Transformers 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 Lakhs)
	31-Aug-09	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06	31-Mar-05
Total Income	1,208.22	2,401.16	1,068.34	302.98	134.05	197.59
Profit After Tax (PAT)	76.20	215.60	151.41	3.80	11.60	(1.60)

Promoter Shareholding (Pre-Issue)

43.34%

100%

Promoter Shareholding (Post-Issue)

38.85%

56.41%

P/E Ratio

Market Cap

ROE

18.5%%

ROCE

42.8%%

Debt/Equity

EPS

RoNW

18.55%%

10.99%%

Shares Offered

In the Persistent Systems IPO retail investors (RII) are offered 14,63,319 shares while in Tarapur Transformers IPO retail investors are offered 14,63,319 shares. Qualified institutional buyers (QIB) are offered 29,26,638 shares in Persistent Systems IPO and 42,50,000 shares in Tarapur Transformers IPO.

	Persistent Systems IPO	Tarapur Transformers IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	29,26,638 shares	42,50,000 shares
NII	4,87,773 shares	12,75,000 shares
RII	14,63,319 shares	29,75,000 shares
Employee	5,41,976 shares
Others
Total	54,19,706 shares	85,00,000 shares

Bids Received (Subscription)

Persistent Systems IPO subscribed 93.60x in total, whereas Tarapur Transformers IPO subscribed 1.74x.

	Persistent Systems IPO	Tarapur Transformers IPO
QIB (times)	144.43x	0.03x
NII (times)	107.73x	5.08x
Big NII (times)
Small NII (times)
RII (times)	21.69x	2.74x
Employee (times)	0.61x
Other (times)
Total (times)	93.60x	1.74x

Compare with others

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

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