Midfield Industries IPO vs Prakash Steelage IPO

Comparision between Midfield Industries IPO and Prakash Steelage IPO.

IPO Details

Midfield Industries IPO is a Mainline Book Built Issue IPO proposed to list at BSE while Prakash Steelage IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Midfield Industries IPO	Prakash Steelage IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE	BSE, NSE
Lead Managers	Atherstone Capital Markets Limited	Keynote Financial Services Ltd
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt 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 Midfield Industries IPO is up to ₹59.85 Cr whereas the issue size of the Prakash Steelage IPO is up to ₹68.75 Cr. The final issue price of Midfield Industries IPO is ₹133.00 per share and of Prakash Steelage IPO is ₹110.00 per share.

	Midfield Industries IPO	Prakash Steelage IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹126.00 per share	₹100.00 per share
Issue Price (Upper)	₹133.00 per share	₹110.00 per share
Issue Price (Final)	₹133.00 per share	₹110.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	50 shares	60 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	45,00,000 shares	62,50,000 shares
Issue Size Total (Amount)	up to ₹59.85 Cr	up to ₹68.75 Cr

IPO Timetable

Midfield Industries IPO opens on Jul 19, 2010, while Prakash Steelage IPO opens on Aug 05, 2010. The closing date of Midfield Industries IPO and Prakash Steelage IPO is Jul 21, 2010, and Aug 10, 2010, respectively.

	Midfield Industries IPO	Prakash Steelage IPO
Anchor Bid Date
Issue Open	Jul 19, 2010	Aug 05, 2010
Issue Close	Jul 21, 2010	Aug 10, 2010
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

Midfield Industries IPO P/E ratio is , as compared to Prakash Steelage IPO P/E ratio of .

Midfield Industries IPO

Prakash Steelage IPO

Financial

Particulars	For the year/period ended (Rs. in Million)
	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06	31-Mar-05
Total Income	843.91	701.64	521.16	439.10	262.91
Profit After Tax (PAT)	59.09	41.60	18.67	17.10	2.12

Particulars	For the year/period ended (Rs. in Lacs)
	30-Sep-09	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06	31-Mar-05
Total Income	19,191.02	32,247.36	23,238.20	16,005.63	9,894.02	6,147.99
Profit After Tax (PAT)	746.10	749.71	820.38	314.30	81.00	33.81

Promoter Shareholding (Pre-Issue)

79.76%

100%

Promoter Shareholding (Post-Issue)

51.77%

64.29%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

24.16%%

35.03%%

Shares Offered

In the Midfield Industries IPO retail investors (RII) are offered 15,75,000 shares while in Prakash Steelage IPO retail investors are offered 15,75,000 shares. Qualified institutional buyers (QIB) are offered 22,50,000 shares in Midfield Industries IPO and 30,75,000 shares in Prakash Steelage IPO.

	Midfield Industries IPO	Prakash Steelage IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	22,50,000 shares	30,75,000 shares
NII	6,75,000 shares	9,22,500 shares
RII	15,75,000 shares	21,52,500 shares
Employee		1,00,000 shares
Others
Total	45,00,000 shares	62,50,000 shares

Bids Received (Subscription)

Midfield Industries IPO subscribed 12.92x in total, whereas Prakash Steelage IPO subscribed 4.53x.

	Midfield Industries IPO	Prakash Steelage IPO
QIB (times)	1.86x	1.27x
NII (times)	48.41x	10.91x
Big NII (times)
Small NII (times)
RII (times)	13.51x	6.62x
Employee (times)		1.02x
Other (times)
Total (times)	12.92x	4.53x

Compare with others

Midfield Industries IPO	Prakash Steelage IPO
Gujarat Pipavav IPO	Eros IPO
Prakash Steelage IPO	Indosolar IPO
Bajaj Corp IPO	VA Tech IPO
SKS Microfinance IPO	Coal India IPO
Engineers India FPO	Gujarat Pipavav IPO
Hindustan Media IPO	Bajaj Corp IPO
Aster Silicates IPO	SKS Microfinance IPO
Technofab IPO	Engineers India FPO
Parabolic Drugs IPO	Midfield Industries IPO
Standard Chartered IDR	Hindustan Media IPO

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