PSP Projects IPO vs Tejas Networks IPO

Comparision between PSP Projects IPO and Tejas Networks IPO.

IPO Details

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

	PSP Projects IPO	Tejas Networks 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	Karvy Investor Services Limited Motilal Oswal Investment Advisors Limited	Axis Capital Limited Citigroup Global Markets India Private Limited Edelweiss Financial Services Ltd Nomura Financial Advisory And Securities (India) Pvt Ltd
Registrar	Kfin Technologies Limited	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 PSP Projects IPO is up to ₹211.68 Cr whereas the issue size of the Tejas Networks IPO is up to ₹776.69 Cr. The final issue price of PSP Projects IPO is ₹210.00 per share and of Tejas Networks IPO is ₹257.00 per share.

	PSP Projects IPO	Tejas Networks IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹205.00 per share	₹250.00 per share
Issue Price (Upper)	₹210.00 per share	₹257.00 per share
Issue Price (Final)	₹210.00 per share	₹257.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	70 shares	55 shares
Fresh Issue Size	72,00,000 shares
Fresh Issue Size (Amount)		up to ₹450.00 Cr
OFS Issue Size	28,80,000 shares	1,27,11,605 shares
OFS Issue Size (Amount)
Issue Size Total	1,00,80,000 shares	3,02,21,332 shares
Issue Size Total (Amount)	up to ₹211.68 Cr	up to ₹776.69 Cr

IPO Timetable

PSP Projects IPO opens on May 17, 2017, while Tejas Networks IPO opens on Jun 14, 2017. The closing date of PSP Projects IPO and Tejas Networks IPO is May 19, 2017, and Jun 16, 2017, respectively.

	PSP Projects IPO	Tejas Networks IPO
Anchor Bid Date
Issue Open	May 17, 2017	Jun 14, 2017
Issue Close	May 19, 2017	Jun 16, 2017
Basis Of Allotment (Tentative)	May 24, 2017	Jun 21, 2017
Initiation of Refunds (Tentative)	May 26, 2017	Jun 22, 2017
Credit of Share (Tentative)	May 26, 2017	Jun 23, 2017
Listing date (Tentative)	May 29, 2017	Jun 27, 2017
Anchor Lockin End date 1	Jun 23, 2017	Jul 21, 2017
Anchor Lockin End date 2	Aug 22, 2017	Sep 19, 2017

Financials

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

PSP Projects IPO

Tejas Networks 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	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

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (in Rs. Million)
	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12
Total Assets	8,383.03	7,280.56	7,452.00	6,563.40	6,397.81
Total Revenue	6,274.57	3,868.26	4,230.55	3,692.71	2,014.22
Profit After Tax	290.05	(178.66)	27.77	(790.43)	(928.90)

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the PSP Projects IPO retail investors (RII) are offered 10,08,000 shares while in Tejas Networks IPO retail investors are offered 10,08,000 shares. Qualified institutional buyers (QIB) are offered 30,24,000 shares in PSP Projects IPO and 94,34,105 shares in Tejas Networks IPO.

	PSP Projects IPO	Tejas Networks IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	30,24,000 shares	94,34,105 shares
NII	15,12,000 shares	46,06,740 shares
RII	10,08,000 shares	30,71,160 shares
Employee
Others
Total	55,44,000 shares	1,71,12,005 shares

Bids Received (Subscription)

PSP Projects IPO subscribed 8.58x in total, whereas Tejas Networks IPO subscribed 1.88x.

	PSP Projects IPO	Tejas Networks IPO
QIB (times)	8.38x	2.16x
NII (times)	10.39x	0.48x
Big NII (times)
Small NII (times)
RII (times)	6.47x	3.10x
Employee (times)
Other (times)
Total (times)	8.58x	1.88x

Compare with others

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GTPL Hathway IPO	Salasar Techno IPO
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Tejas Networks IPO	GTPL Hathway IPO
IndiGrid InvIT Fund	Eris Lifesciences IPO
IRB InvIT Fund IPO	IndiGrid InvIT Fund
S Chand and Company IPO	PSP Projects IPO
HUDCO IPO	IRB InvIT Fund IPO
Shankara Buildpro IPO	S Chand and Company IPO
CL Educate IPO	HUDCO IPO

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