HUDCO IPO vs PSP Projects IPO

Comparision between HUDCO IPO and PSP Projects IPO.

IPO Details

HUDCO 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.

	HUDCO 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	ICICI Securities Limited Idbi Capital Market Services Limited Nomura Financial Advisory And Securities (India) Pvt Ltd SBI Capital Markets Limited	Karvy Investor Services Limited Motilal Oswal Investment Advisors Limited
Registrar	Alankit Assignments 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 HUDCO IPO is up to ₹1,224.35 Cr whereas the issue size of the PSP Projects IPO is up to ₹211.68 Cr. The final issue price of HUDCO IPO is ₹60.00 per share and of PSP Projects IPO is ₹210.00 per share.

	HUDCO IPO	PSP Projects IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹56.00 per share	₹205.00 per share
Issue Price (Upper)	₹60.00 per share	₹210.00 per share
Issue Price (Final)	₹60.00 per share	₹210.00 per share
Discount (Retail)	₹2.00 per share
Discount (Employee)	₹2.00 per share
Market Lot Size	200 shares	70 shares
Fresh Issue Size		72,00,000 shares
Fresh Issue Size (Amount)
OFS Issue Size		28,80,000 shares
OFS Issue Size (Amount)
Issue Size Total	20,40,58,747 shares	1,00,80,000 shares
Issue Size Total (Amount)	up to ₹1,224.35 Cr	up to ₹211.68 Cr

IPO Timetable

HUDCO IPO opens on May 08, 2017, while PSP Projects IPO opens on May 17, 2017. The closing date of HUDCO IPO and PSP Projects IPO is May 11, 2017, and May 19, 2017, respectively.

	HUDCO IPO	PSP Projects IPO
Anchor Bid Date
Issue Open	May 08, 2017	May 17, 2017
Issue Close	May 11, 2017	May 19, 2017
Basis Of Allotment (Tentative)	May 17, 2017	May 24, 2017
Initiation of Refunds (Tentative)	May 18, 2017	May 26, 2017
Credit of Share (Tentative)	May 18, 2017	May 26, 2017
Listing date (Tentative)	May 19, 2017	May 29, 2017
Anchor Lockin End date 1	Jun 16, 2017	Jun 23, 2017
Anchor Lockin End date 2	Aug 15, 2017	Aug 22, 2017

Financials

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

HUDCO IPO

PSP Projects IPO

Financial

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	360,975.4	358,815.8	331,137.4	302,244.0	269,489.4	274,951.7
Total Revenue	26,779.9	33,500.8	34,278.5	30,028.8	29,213.4	27,786.4
Profit After Tax (PAT)	4,962.9	8,106.1	7,683.2	7,339.7	6,996.9	6,215.7

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 HUDCO IPO retail investors (RII) are offered 7,00,66,500 shares while in PSP Projects IPO retail investors are offered 7,00,66,500 shares. Qualified institutional buyers (QIB) are offered 10,00,95,000 shares in HUDCO IPO and 30,24,000 shares in PSP Projects IPO.

	HUDCO IPO	PSP Projects IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	10,00,95,000 shares	30,24,000 shares
NII	3,00,28,500 shares	15,12,000 shares
RII	7,00,66,500 shares	10,08,000 shares
Employee	38,68,747 shares
Others
Total	20,40,58,747 shares	55,44,000 shares

Bids Received (Subscription)

HUDCO IPO subscribed 79.53x in total, whereas PSP Projects IPO subscribed 8.58x.

	HUDCO IPO	PSP Projects IPO
QIB (times)	55.45x	8.38x
NII (times)	330.36x	10.39x
Big NII (times)
Small NII (times)
RII (times)	10.79x	6.47x
Employee (times)	0.74x
Other (times)
Total (times)	79.53x	8.58x

Compare with others

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

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