Innoventive Industries IPO vs Power Finance FPO

Comparision between Innoventive Industries IPO and Power Finance FPO.

IPO Details

Innoventive Industries IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Power Finance FPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Innoventive Industries IPO	Power Finance FPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	FPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Avendus Capital Pvt Ltd Axis Bank Limited	Bofa Securities India Limited Goldman Sachs (India) Securities Private Limited ICICI Securities Limited Jm Financial 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 Innoventive Industries IPO is up to ₹219.58 Cr whereas the issue size of the Power Finance FPO is up to ₹4,578.20 Cr. The final issue price of Innoventive Industries IPO is ₹117.00 per share and of Power Finance FPO is ₹203.00 per share.

	Innoventive Industries IPO	Power Finance FPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹117.00 per share	₹193.00 per share
Issue Price (Upper)	₹120.00 per share	₹203.00 per share
Issue Price (Final)	₹117.00 per share	₹203.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	50 shares	28 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	1,87,67,521 shares	22,95,53,340 shares
Issue Size Total (Amount)	up to ₹219.58 Cr	up to ₹4,578.20 Cr

IPO Timetable

Innoventive Industries IPO opens on Apr 26, 2011, while Power Finance FPO opens on May 10, 2011. The closing date of Innoventive Industries IPO and Power Finance FPO is Apr 29, 2011, and May 13, 2011, respectively.

	Innoventive Industries IPO	Power Finance FPO
Anchor Bid Date
Issue Open	Apr 26, 2011	May 10, 2011
Issue Close	Apr 29, 2011	May 13, 2011
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

Innoventive Industries IPO P/E ratio is , as compared to Power Finance FPO P/E ratio of .

Innoventive Industries IPO

Power Finance FPO

Financial

Particulars	For the year/period ended (in Rs. Lakhs)
	31-Dec-10	31-Mar-10	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06
Total Income	38150.20	39,222.27	35,081.27	27,592.69	19,263.61	11,722.18
Profit After Tax (PAT)	3,177.30	3,454.01	1,162.86	329.70	550.92	1,017.70

Particulars	For the year/period ended (in Rs. Million)
	31-Dec-10	31-Mar-10	31-Mar-09
Total Income	74,870.43	81,265.75	65,897.25
Profit After Tax (PAT)	19,470.18	22,500.89	14,695.99

Promoter Shareholding (Pre-Issue)

65.6%

100%

Promoter Shareholding (Post-Issue)

45.16%

89.78%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

48.72%%

13.06%%

Shares Offered

In the Innoventive Industries IPO retail investors (RII) are offered 65,68,633 shares while in Power Finance FPO retail investors are offered 65,68,633 shares. Qualified institutional buyers (QIB) are offered 93,83,760 shares in Innoventive Industries IPO and 11,46,38,937 shares in Power Finance FPO.

	Innoventive Industries IPO	Power Finance FPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	93,83,760 shares	11,46,38,937 shares
NII	28,15,128 shares	3,43,91,682 shares
RII	65,68,633 shares	8,02,47,257 shares
Employee		2,75,464 shares
Others
Total	1,87,67,521 shares	22,95,53,340 shares

Bids Received (Subscription)

Innoventive Industries IPO subscribed 1.24x in total, whereas Power Finance FPO subscribed 4.34x.

	Innoventive Industries IPO	Power Finance FPO
QIB (times)	0.85x	6.92x
NII (times)	1.94x	1.20x
Big NII (times)
Small NII (times)
RII (times)	1.48x	2.00x
Employee (times)		0.91x
Other (times)
Total (times)	1.24x	4.34x

Compare with others

Innoventive Industries IPO	Power Finance FPO
Aanjaneya IPO	Birla Pacific Medspa IPO
Sanghvi Forging IPO	VMS Industries IPO
Power Finance FPO	Timbor Home IPO
Vaswani IPO	Aanjaneya IPO
Future Ventures IPO	Sanghvi Forging IPO
Paramount Printpackaging IPO	Vaswani IPO
Servalakshmi IPO	Future Ventures IPO
Muthoot IPO	Innoventive Industries IPO
Shilpi Cables IPO	Paramount Printpackaging IPO
PTC India IPO	Servalakshmi IPO

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