Prince Pipes IPO vs Rossari Biotech IPO

Comparision between Prince Pipes IPO and Rossari Biotech IPO.

IPO Details

Prince Pipes IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Rossari Biotech IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Prince Pipes IPO	Rossari Biotech 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	Edelweiss Financial Services Ltd Jm Financial Limited	Axis Bank Limited ICICI Securities Limited
Registrar	Link Intime India Private Ltd	Link Intime India Private 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 Prince Pipes IPO is up to ₹500.00 Cr whereas the issue size of the Rossari Biotech IPO is up to ₹496.49 Cr. The final issue price of Prince Pipes IPO is ₹178.00 per share and of Rossari Biotech IPO is ₹425.00 per share.

	Prince Pipes IPO	Rossari Biotech IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹177.00 per share	₹423.00 per share
Issue Price (Upper)	₹178.00 per share	₹425.00 per share
Issue Price (Final)	₹178.00 per share	₹425.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	84 shares	35 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹250.00 Cr	up to ₹50.00 Cr
OFS Issue Size		1,05,00,000 shares
OFS Issue Size (Amount)	up to ₹250.00 Cr
Issue Size Total	2,82,48,586 shares	1,16,82,033 shares
Issue Size Total (Amount)	up to ₹500.00 Cr	up to ₹496.49 Cr

IPO Timetable

Prince Pipes IPO opens on Dec 18, 2019, while Rossari Biotech IPO opens on Jul 13, 2020. The closing date of Prince Pipes IPO and Rossari Biotech IPO is Dec 20, 2019, and Jul 15, 2020, respectively.

	Prince Pipes IPO	Rossari Biotech IPO
Anchor Bid Date
Issue Open	Dec 18, 2019	Jul 13, 2020
Issue Close	Dec 20, 2019	Jul 15, 2020
Basis Of Allotment (Tentative)	Dec 26, 2019	Jul 20, 2020
Initiation of Refunds (Tentative)	Dec 27, 2019	Jul 21, 2020
Credit of Share (Tentative)	Dec 30, 2019	Jul 22, 2020
Listing date (Tentative)	Dec 30, 2019	Jul 23, 2020
Anchor Lockin End date 1	Jan 25, 2020	Aug 19, 2020
Anchor Lockin End date 2	Mar 25, 2020	Oct 18, 2020

Financials

Prince Pipes IPO P/E ratio is 18.35, as compared to Rossari Biotech IPO P/E ratio of 33.81.

Prince Pipes IPO

Rossari Biotech IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Millions)
	Three months period ended on 30-June-2019	31-Mar-19	31-Mar-18	31-Mar-17	31-Mar-16
Total Assets	10,144.57	10,404.13	9,798.77	7,605.05	6,533.00
Total Revenue	3,801.92	15,789.95	13,265.71	13,324.95	10,816.18
Profit After Tax	266.69	833.51	727.66	741.82	295.35

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Million)
	31-Mar-20	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	4,715.15	2489.45	1649.50	1308.94
Total Revenue	6,038.18	5171.24	3004.29	2605.97
Profit After Tax	652.53	456.83	254.03	142.85

Promoter Shareholding (Pre-Issue)

90.06%

95.06%

Promoter Shareholding (Post-Issue)

65.80%

73%

P/E Ratio

18.35

33.81

Market Cap

₹2207.00 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Prince Pipes IPO retail investors (RII) are offered 98,87,006 shares while in Rossari Biotech IPO retail investors are offered 98,87,006 shares. Qualified institutional buyers (QIB) are offered 56,49,718 shares in Prince Pipes IPO and 23,35,294 shares in Rossari Biotech IPO.

	Prince Pipes IPO	Rossari Biotech IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	56,49,718 shares	23,35,294 shares
NII	42,37,288 shares	17,51,471 shares
RII	98,87,006 shares	40,86,765 shares
Employee		0 shares
Others
Total	1,97,74,012 shares	81,73,530 shares

Bids Received (Subscription)

Prince Pipes IPO subscribed 2.21x in total, whereas Rossari Biotech IPO subscribed 79.37x.

	Prince Pipes IPO	Rossari Biotech IPO
QIB (times)	3.54x	85.26x
NII (times)	1.21x	239.83x
Big NII (times)
Small NII (times)
RII (times)	1.89x	7.23x
Employee (times)
Other (times)
Total (times)	2.21x	79.37x

Compare with others

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Mindspace REIT	CAMS IPO
Yes Bank FPO	UTI AMC IPO
Rossari Biotech IPO	Mindspace REIT
Equitas Small Finance Bank IPO	Yes Bank FPO
SBI Cards IPO	Equitas Small Finance Bank IPO
Ujjivan Bank IPO	Prince Pipes IPO
CSB Bank IPO	SBI Cards IPO
IRCTC IPO	Ujjivan Bank IPO
Vishwaraj IPO	CSB Bank IPO

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