MSTC IPO vs Polycab IPO

Comparision between MSTC IPO and Polycab IPO.

IPO Details

MSTC IPO 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.

	MSTC IPO	Polycab 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	Equirus Capital Private Limited	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	Alankit Assignments Ltd	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 MSTC IPO is up to ₹212.04 Cr whereas the issue size of the Polycab IPO is up to ₹1,346.00 Cr. The final issue price of MSTC IPO is ₹120.00 per share and of Polycab IPO is ₹538.00 per share.

	MSTC IPO	Polycab IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹120.00 per share	₹533.00 per share
Issue Price (Upper)	₹128.00 per share	₹538.00 per share
Issue Price (Final)	₹120.00 per share	₹538.00 per share
Discount (Retail)	₹5.50 per share
Discount (Employee)	₹5.50 per share	₹53.00 per share
Market Lot Size	90 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	1,76,70,400 shares
Issue Size Total (Amount)	up to ₹212.04 Cr	up to ₹1,346.00 Cr

IPO Timetable

MSTC IPO opens on Mar 13, 2019, while Polycab IPO opens on Apr 05, 2019. The closing date of MSTC IPO and Polycab IPO is Mar 20, 2019, and Apr 09, 2019, respectively.

	MSTC IPO	Polycab IPO
Anchor Bid Date
Issue Open	Mar 13, 2019	Apr 05, 2019
Issue Close	Mar 20, 2019	Apr 09, 2019
Basis Of Allotment (Tentative)	Mar 25, 2019	Apr 12, 2019
Initiation of Refunds (Tentative)	Mar 26, 2019	Apr 15, 2019
Credit of Share (Tentative)	Mar 28, 2019	Apr 16, 2019
Listing date (Tentative)	Mar 29, 2019	Apr 16, 2019
Anchor Lockin End date 1	Apr 24, 2019	May 12, 2019
Anchor Lockin End date 2	Jun 23, 2019	Jul 11, 2019

Financials

MSTC IPO P/E ratio is , as compared to Polycab IPO P/E ratio of .

MSTC IPO

Polycab IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Million)
	30-Sep-18	31-Mar-18	31-Mar-17	31-Mar-16
Total Assets	42,566.28	47,378.56	45,998.14	41,621.75
Total Revenue	14,915.50	27,931.50	18,762.00	33,078.00
Profit After Tax	(158.84)	(64.81)	1,391.50	(2,471.00)

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)

89.85%

78.94%

Promoter Shareholding (Post-Issue)

64.75%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the MSTC IPO retail investors (RII) are offered 17,60,000 shares while in Polycab IPO retail investors are offered 17,60,000 shares. Qualified institutional buyers (QIB) are offered 1,32,00,000 shares in MSTC IPO and 50,04,328 shares in Polycab IPO.

	MSTC IPO	Polycab IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,32,00,000 shares	50,04,328 shares
NII	26,40,000 shares	37,37,535 shares
RII	17,60,000 shares	87,20,914 shares
Employee	70,400 shares	1,75,000 shares
Others
Total	1,76,70,400 shares	1,76,37,777 shares

Bids Received (Subscription)

MSTC IPO subscribed 1.46x in total, whereas Polycab IPO subscribed 51.88x.

	MSTC IPO	Polycab IPO
QIB (times)	1.13x	92.44x
NII (times)	2.15x	110.42x
Big NII (times)
Small NII (times)
RII (times)	2.95x	4.50x
Employee (times)	1.54x	3.19x
Other (times)
Total (times)	1.46x	51.88x

Compare with others

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

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