Claris IPO vs Power Grid FPO 2

Comparision between Claris IPO and Power Grid FPO 2.

IPO Details

Claris IPO is a Mainline Book Built Issue IPO proposed to list at BSE while Power Grid FPO 2 is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Claris IPO	Power Grid FPO 2
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	FPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE	BSE, NSE
Lead Managers	Edelweiss Financial Services Ltd Axis Capital Limited ICICI Securities Limited Jm Financial Limited	Citigroup Global Markets India Private Limited ICICI Securities Limited Kotak Mahindra Capital Company Limited SBI Capital Markets Limited Ubs Securities India Private Limited
Registrar	Link Intime India Private 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 Claris IPO is up to ₹300.00 Cr whereas the issue size of the Power Grid FPO 2 is up to ₹6,958.64 Cr. The final issue price of Claris IPO is ₹228.00 per share and of Power Grid FPO 2 is ₹85.50 per share.

	Claris IPO	Power Grid FPO 2
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹228.00 per share	₹85.00 per share
Issue Price (Upper)	₹235.00 per share	₹90.00 per share
Issue Price (Final)	₹228.00 per share	₹85.50 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	22 shares	150 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	1,26,32,477 shares	78,70,53,309 shares
Issue Size Total (Amount)	up to ₹300.00 Cr	up to ₹6,958.64 Cr

IPO Timetable

Claris IPO opens on Nov 24, 2010, while Power Grid FPO 2 opens on Dec 03, 2013. The closing date of Claris IPO and Power Grid FPO 2 is Dec 02, 2010, and Dec 06, 2013, respectively.

	Claris IPO	Power Grid FPO 2
Anchor Bid Date
Issue Open	Nov 24, 2010	Dec 03, 2013
Issue Close	Dec 02, 2010	Dec 06, 2013
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

Claris IPO P/E ratio is , as compared to Power Grid FPO 2 P/E ratio of .

Claris IPO

Power Grid FPO 2

Financial

Particulars	For the year/period ended (in Rs. million)
	31-Dec-09	31-Dec-08	31-Dec-07	31-Dec-06	31-Dec-05
Total Income	7,594.01	7,639.00	6,238.16	4,026.74	2,923.61
Profit After Tax (PAT)	1,303.80	1,083.95	832.72	466.93	179.30

Promoter Shareholding (Pre-Issue)

86.03%

69.42%

Promoter Shareholding (Post-Issue)

69%

57.9%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

24.15%%

16.15%%

Shares Offered

In the Claris IPO retail investors (RII) are offered 32,07,577 shares while in Power Grid FPO 2 retail investors are offered 32,07,577 shares. Qualified institutional buyers (QIB) are offered 45,72,152 shares in Claris IPO and 39,20,26,655 shares in Power Grid FPO 2.

	Claris IPO	Power Grid FPO 2
Anchor Investor Reserveration
Market Maker Reserveration
QIB	45,72,152 shares	39,20,26,655 shares
NII	10,69,192 shares	11,76,07,996 shares
RII	32,07,577 shares	27,44,18,658 shares
Employee		30,00,000 shares
Others
Total	88,48,921 shares	78,70,53,309 shares

Bids Received (Subscription)

Claris IPO subscribed 1.50x in total, whereas Power Grid FPO 2 subscribed 6.74x.

	Claris IPO	Power Grid FPO 2
QIB (times)	1.31x	9.09x
NII (times)	2.03x	9.70x
Big NII (times)
Small NII (times)
RII (times)	1.60x	2.17x
Employee (times)		1.31x
Other (times)
Total (times)	1.50x	6.74x

Compare with others

Claris IPO	Power Grid FPO 2
C Mahendra IPO	Shemaroo IPO
Shekhawati IPO	Sharda Cropchem IPO
Punjab & Sind Bank IPO	Snowman Logistics IPO
A2Z Maintenance IPO	Wonderla Holidays IPO
Ravikumar Distilleries IPO	EIL FPO
Shipping Corporation FPO	Just Dial IPO
MOIL IPO	Repco Home Finance IPO
RPP Infra IPO	V Mart Retail IPO
Gravita IPO	Bharti Infratel IPO
Power Grid FPO	PC Jeweller IPO

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