Embassy Office Parks vs Polycab IPO

Comparision between Embassy Office Parks and Polycab IPO.

IPO Details

Embassy Office Parks is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Polycab IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Embassy Office Parks	Polycab IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	REIT	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Axis Capital Limited Credit Suisse Securities (India) Private Limited Deutsche Equities India Private Limited Goldman Sachs (India) Securities Private Limited Hsbc Securities & Capital Markets Pvt Ltd Iifl Securities Ltd Jm Financial Limited Nomura Financial Advisory And Securities (India) Pvt Ltd	Axis Capital Limited Citigroup Global Markets India Private Limited Edelweiss Financial Services Ltd Iifl Securities Ltd Kotak Mahindra Capital Company Limited Yes Securities (India) Limited
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
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 Embassy Office Parks is up to ₹4,750.00 Cr whereas the issue size of the Polycab IPO is up to ₹1,346.00 Cr. The final issue price of Embassy Office Parks is ₹300.00 per share and of Polycab IPO is ₹538.00 per share.

	Embassy Office Parks	Polycab IPO
Face Value	₹300 per share	₹10 per share
Issue Price (Lower)	₹299.00 per share	₹533.00 per share
Issue Price (Upper)	₹300.00 per share	₹538.00 per share
Issue Price (Final)	₹300.00 per share	₹538.00 per share
Discount (Retail)
Discount (Employee)		₹53.00 per share
Market Lot Size	400 shares	27 shares
Fresh Issue Size
Fresh Issue Size (Amount)		up to ₹400.00 Cr
OFS Issue Size		1,75,82,000 shares
OFS Issue Size (Amount)
Issue Size Total	15,83,33,200 shares
Issue Size Total (Amount)	up to ₹4,750.00 Cr	up to ₹1,346.00 Cr

IPO Timetable

Embassy Office Parks opens on Mar 18, 2019, while Polycab IPO opens on Apr 05, 2019. The closing date of Embassy Office Parks and Polycab IPO is Mar 20, 2019, and Apr 09, 2019, respectively.

	Embassy Office Parks	Polycab IPO
Anchor Bid Date
Issue Open	Mar 18, 2019	Apr 05, 2019
Issue Close	Mar 20, 2019	Apr 09, 2019
Basis Of Allotment (Tentative)	Mar 28, 2019	Apr 12, 2019
Initiation of Refunds (Tentative)	Mar 29, 2019	Apr 15, 2019
Credit of Share (Tentative)		Apr 16, 2019
Listing date (Tentative)	Apr 01, 2019	Apr 16, 2019
Anchor Lockin End date 1	Apr 27, 2019	May 12, 2019
Anchor Lockin End date 2	Jun 26, 2019	Jul 11, 2019

Financials

Embassy Office Parks P/E ratio is , as compared to Polycab IPO P/E ratio of .

Embassy Office Parks

Polycab IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. millions)
	31-Dec-18	31-Mar-18	31-Mar-17	31-Mar-16
Total Assets	1,37,790.86	1,35,155.22	1,11,968.97	1,05,490.00
Total Revenue	13,759.83	16,118.00	14,849.20	13,970.16
Profit After Tax	2,851.14	2,569.08	1,770.57	931.83

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. 10 Lakhs)
	31-Dec-18	31-Mar-18	31-Mar-17	31-Mar-16
Total Assets	53,859.07	44,432.58	45,788.08	38,747.40
Total Revenue	55,067.00	69,239.17	60,470.08	57,142.41
Profit After Tax	3,582.23	3,709.20	2,329.56	1,847.04

Promoter Shareholding (Pre-Issue)

78.94%

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Embassy Office Parks retail investors (RII) are offered 0 shares while in Polycab IPO retail investors are offered 0 shares. Qualified institutional buyers (QIB) are offered 3,88,66,800 shares in Embassy Office Parks and 50,04,328 shares in Polycab IPO.

	Embassy Office Parks	Polycab IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	3,88,66,800 shares	50,04,328 shares
NII	3,23,89,600 shares	37,37,535 shares
RII	0 shares	87,20,914 shares
Employee	0 shares	1,75,000 shares
Others
Total	7,12,56,400 shares	1,76,37,777 shares

Bids Received (Subscription)

Embassy Office Parks subscribed 2.57x in total, whereas Polycab IPO subscribed 51.88x.

	Embassy Office Parks	Polycab IPO
QIB (times)	2.15x	92.44x
NII (times)	3.09x	110.42x
Big NII (times)
Small NII (times)
RII (times)		4.50x
Employee (times)		3.19x
Other (times)
Total (times)	2.57x	51.88x

Compare with others

Embassy Office Parks	Polycab IPO
IndiaMart IPO	Spandana Sphoorty IPO
Neogen Chemicals IPO	Affle IPO
Rail Vikas IPO	IndiaMart IPO
Polycab IPO	Neogen Chemicals IPO
Metropolis IPO	Rail Vikas IPO
MSTC IPO	Metropolis IPO
Xelpmoc Design and Tech IPO	Embassy Office Parks
Aavas Financiers IPO	MSTC IPO
IRCON International IPO	Xelpmoc Design and Tech IPO
Garden Reach Shipbuilders IPO	Aavas Financiers IPO

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