CL Educate IPO vs PSP Projects IPO

Comparision between CL Educate IPO and PSP Projects IPO.

IPO Details

CL Educate IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while PSP Projects IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	CL Educate IPO	PSP Projects 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	Kotak Mahindra Capital Company Limited	Karvy Investor Services Limited Motilal Oswal Investment Advisors 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 CL Educate IPO is up to ₹238.95 Cr whereas the issue size of the PSP Projects IPO is up to ₹211.68 Cr. The final issue price of CL Educate IPO is ₹502.00 per share and of PSP Projects IPO is ₹210.00 per share.

	CL Educate IPO	PSP Projects IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹500.00 per share	₹205.00 per share
Issue Price (Upper)	₹502.00 per share	₹210.00 per share
Issue Price (Final)	₹502.00 per share	₹210.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	29 shares	70 shares
Fresh Issue Size	21,80,119 shares	72,00,000 shares
Fresh Issue Size (Amount)
OFS Issue Size	25,79,881 shares	28,80,000 shares
OFS Issue Size (Amount)
Issue Size Total	47,60,000 shares	1,00,80,000 shares
Issue Size Total (Amount)	up to ₹238.95 Cr	up to ₹211.68 Cr

IPO Timetable

CL Educate IPO opens on Mar 20, 2017, while PSP Projects IPO opens on May 17, 2017. The closing date of CL Educate IPO and PSP Projects IPO is Mar 22, 2017, and May 19, 2017, respectively.

	CL Educate IPO	PSP Projects IPO
Anchor Bid Date
Issue Open	Mar 20, 2017	May 17, 2017
Issue Close	Mar 22, 2017	May 19, 2017
Basis Of Allotment (Tentative)	Mar 29, 2017	May 24, 2017
Initiation of Refunds (Tentative)	Mar 29, 2017	May 26, 2017
Credit of Share (Tentative)	Mar 30, 2017	May 26, 2017
Listing date (Tentative)	Mar 31, 2017	May 29, 2017
Anchor Lockin End date 1	Apr 28, 2017	Jun 23, 2017
Anchor Lockin End date 2	Jun 27, 2017	Aug 22, 2017

Financials

CL Educate IPO P/E ratio is , as compared to PSP Projects IPO P/E ratio of .

CL Educate IPO

PSP Projects IPO

Financial

Summary of financial Information
Particulars	For the year/period ended (in Rs. Million)
	30-Sep-16	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12
Total Assets	3852.74	3789.34	3253.44	1838.88	1782.94	1707.98
Total Revenue	894.46	1738.46	1558.47	1247.42	1355.23	1021.74
Profit After Tax (PAT)	71.34	49.18	76.59	23.57	67.43	(53.76)

Summary of financial Information
Particulars	For the year/period ended (in Rs. Million)
	31-Dec-16	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12
Total Assets	2,741.50	2,287.13	1,863.78	1,362.71	1,009.60	918.53
Total Revenue	2,494.15	4,677.14	2,869.67	2,147.97	2,609.69	1,807.53
Profit After Tax (PAT)	214.83	249.31	140.54	100.70	122.50	83.52

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the CL Educate IPO retail investors (RII) are offered 16,66,000 shares while in PSP Projects IPO retail investors are offered 16,66,000 shares. Qualified institutional buyers (QIB) are offered 9,52,000 shares in CL Educate IPO and 30,24,000 shares in PSP Projects IPO.

	CL Educate IPO	PSP Projects IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	9,52,000 shares	30,24,000 shares
NII	7,14,000 shares	15,12,000 shares
RII	16,66,000 shares	10,08,000 shares
Employee
Others
Total	33,32,000 shares	55,44,000 shares

Bids Received (Subscription)

CL Educate IPO subscribed 1.90x in total, whereas PSP Projects IPO subscribed 8.58x.

	CL Educate IPO	PSP Projects IPO
QIB (times)	3.65x	8.38x
NII (times)	0.21x	10.39x
Big NII (times)
Small NII (times)
RII (times)	1.63x	6.47x
Employee (times)
Other (times)
Total (times)	1.90x	8.58x

Compare with others

CL Educate IPO	PSP Projects IPO
PSP Projects IPO	Au Financiers IPO
IRB InvIT Fund IPO	GTPL Hathway IPO
S Chand and Company IPO	Eris Lifesciences IPO
HUDCO IPO	Tejas Networks IPO
Shankara Buildpro IPO	IndiGrid InvIT Fund
Radio City IPO	IRB InvIT Fund IPO
CDSL IPO	S Chand and Company IPO
DMart IPO	HUDCO IPO
BSE Limited IPO	Shankara Buildpro IPO
Laurus Labs IPO	CL Educate IPO

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