CDSL IPO vs PNB Housing Finance IPO

Comparision between CDSL IPO and PNB Housing Finance IPO.

IPO Details

CDSL IPO is a Mainline Book Built Issue IPO proposed to list at NSE while PNB Housing Finance IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	CDSL IPO	PNB Housing Finance IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE	BSE, NSE
Lead Managers	Axis Capital Limited Edelweiss Financial Services Ltd Haitong Securities India Private Limited Idbi Capital Market Services Limited Nomura Financial Advisory And Securities (India) Pvt Ltd SBI Capital Markets Limited Yes Bank Limited	Bofa Securities India Limited J.P. Morgan India Private Limited Jm Financial Limited Jm Morgan Stanley Private Limited Kotak Mahindra Capital Company 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 CDSL IPO is up to ₹523.99 Cr whereas the issue size of the PNB Housing Finance IPO is up to ₹3,000.75 Cr. The final issue price of CDSL IPO is ₹149.00 per share and of PNB Housing Finance IPO is ₹775.00 per share.

	CDSL IPO	PNB Housing Finance IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹145.00 per share	₹750.00 per share
Issue Price (Upper)	₹149.00 per share	₹775.00 per share
Issue Price (Final)	₹149.00 per share	₹775.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	100 shares	19 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size	3,51,67,208 shares
OFS Issue Size (Amount)
Issue Size Total	3,51,67,208 shares	3,87,19,309 shares
Issue Size Total (Amount)	up to ₹523.99 Cr	up to ₹3,000.75 Cr

IPO Timetable

CDSL IPO opens on Jun 19, 2017, while PNB Housing Finance IPO opens on Oct 25, 2016. The closing date of CDSL IPO and PNB Housing Finance IPO is Jun 21, 2017, and Oct 27, 2016, respectively.

	CDSL IPO	PNB Housing Finance IPO
Anchor Bid Date
Issue Open	Jun 19, 2017	Oct 25, 2016
Issue Close	Jun 21, 2017	Oct 27, 2016
Basis Of Allotment (Tentative)	Jun 29, 2017
Initiation of Refunds (Tentative)	Jun 29, 2017
Credit of Share (Tentative)	Jun 29, 2017
Listing date (Tentative)	Jun 30, 2017
Anchor Lockin End date 1	Jul 29, 2017
Anchor Lockin End date 2	Sep 27, 2017

Financials

CDSL IPO P/E ratio is , as compared to PNB Housing Finance IPO P/E ratio of .

CDSL IPO

PNB Housing Finance IPO

Financial

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (in Rs. Million)
	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	6,072.44	5,529.90	5,114.53
Total Revenue	1,868.51	1,613.36	1,454.69
Profit After Tax (PAT)	865.85	911.25	574.91

Summary of financial Information
Particulars	For the year/period ended (in Rs. Million)
	As at 30-Jun-16	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12
Total Assets	346,816.49	296,724.99	190,352.37	115,395.76	76,550.74	44,362.56
Total Revenue	8,634.36	26,995.43	17,803.83	11,203.22	6,663.02	4,610.00
Profit After Tax (PAT)	960.28	3,275.66	1,940.70	1,296.97	928.20	774.46

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the CDSL IPO retail investors (RII) are offered 1,20,63,523 shares while in PNB Housing Finance IPO retail investors are offered 1,20,63,523 shares. Qualified institutional buyers (QIB) are offered 68,93,442 shares in CDSL IPO and 79,52,500 shares in PNB Housing Finance IPO.

	CDSL IPO	PNB Housing Finance IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	68,93,442 shares	79,52,500 shares
NII	51,70,081 shares	59,62,500 shares
RII	1,20,63,523 shares	1,39,12,500 shares
Employee	7,00,000 shares	2,50,000 shares
Others
Total	2,48,27,046 shares	2,80,77,500 shares

Bids Received (Subscription)

CDSL IPO subscribed 170.16x in total, whereas PNB Housing Finance IPO subscribed 29.53x.

	CDSL IPO	PNB Housing Finance IPO
QIB (times)	148.71x	37.33x
NII (times)	563.03x	86.17x
Big NII (times)
Small NII (times)
RII (times)	23.83x	1.32x
Employee (times)	1.46x	0.46x
Other (times)
Total (times)	170.16x	29.53x

Compare with others

CDSL IPO	PNB Housing Finance IPO
S Chand and Company IPO	CDSL IPO
HUDCO IPO	DMart IPO
Shankara Buildpro IPO	BSE Limited IPO
CL Educate IPO	Laurus Labs IPO
Radio City IPO	Sheela Foam IPO
DMart IPO	Varun Beverages IPO
BSE Limited IPO	Endurance Technologies IPO
Laurus Labs IPO	HPL Electric IPO
Sheela Foam IPO	GNA Axles IPO
PNB Housing Finance IPO	L&T Technology IPO

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