Punjab & Sind Bank IPO vs Tata Steel FPO

Comparision between Punjab & Sind Bank IPO and Tata Steel FPO.

IPO Details

Punjab & Sind Bank IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Tata Steel FPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Punjab & Sind Bank IPO	Tata Steel FPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	FPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Axis Capital Limited ICICI Securities Limited SBI Capital Markets Limited	Citigroup Global Markets India Private Limited Deutsche Equities India Private Limited Hsbc Securities & Capital Markets Pvt Ltd Kotak Mahindra Capital Company Limited SBI Capital Markets Limited Standard Chartered Securities (India) 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 Punjab & Sind Bank IPO is up to ₹470.82 Cr whereas the issue size of the Tata Steel FPO is up to ₹3,477.00 Cr. The final issue price of Punjab & Sind Bank IPO is ₹120.00 per share and of Tata Steel FPO is ₹610.00 per share.

	Punjab & Sind Bank IPO	Tata Steel FPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹113.00 per share	₹594.00 per share
Issue Price (Upper)	₹120.00 per share	₹610.00 per share
Issue Price (Final)	₹120.00 per share	₹610.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	50 shares	10 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	4,00,00,000 shares	5,70,00,000 shares
Issue Size Total (Amount)	up to ₹470.82 Cr	up to ₹3,477.00 Cr

IPO Timetable

Punjab & Sind Bank IPO opens on Dec 13, 2010, while Tata Steel FPO opens on Jan 19, 2011. The closing date of Punjab & Sind Bank IPO and Tata Steel FPO is Dec 16, 2010, and Jan 21, 2011, respectively.

	Punjab & Sind Bank IPO	Tata Steel FPO
Anchor Bid Date
Issue Open	Dec 13, 2010	Jan 19, 2011
Issue Close	Dec 16, 2010	Jan 21, 2011
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

Punjab & Sind Bank IPO P/E ratio is , as compared to Tata Steel FPO P/E ratio of .

Punjab & Sind Bank IPO

Tata Steel FPO

Financial

Particulars	For the year/period ended (in Rs. Crore)
	31-Mar-10	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06
Total Income	4,326.30	3,630.71	2,528.43	1,919.38	1,401.93
Profit After Tax (PAT)	506.82	430.20	402.13	390.27	285.68

Particulars	For the year/period ended (in Rs. Million)
	30-Sep-10	31-Mar-10	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06
Total Income	567,136.1	1,035,789.7	1,475,949.3	1,320,094.9	254,317.4	204,583.9
Profit After Tax (PAT)	37,584.2	(21,208.4)	48,492.4	123,217.6	41,656.1	37,210.7

Promoter Shareholding (Pre-Issue)

100%

32.69%

Promoter Shareholding (Post-Issue)

82.07%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

23.76%%

13.4%%

Shares Offered

In the Punjab & Sind Bank IPO retail investors (RII) are offered 1,33,00,000 shares while in Tata Steel FPO retail investors are offered 1,33,00,000 shares. Qualified institutional buyers (QIB) are offered 1,90,00,000 shares in Punjab & Sind Bank IPO and 1,94,25,000 shares in Tata Steel FPO.

	Punjab & Sind Bank IPO	Tata Steel FPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,90,00,000 shares	1,94,25,000 shares
NII	57,00,000 shares	83,25,000 shares
RII	1,33,00,000 shares	1,94,25,000 shares
Employee	20,00,000 shares	15,00,000 shares
Others
Total	4,00,00,000 shares	4,86,75,000 shares

Bids Received (Subscription)

Punjab & Sind Bank IPO subscribed 50.75x in total, whereas Tata Steel FPO subscribed 6.03x.

	Punjab & Sind Bank IPO	Tata Steel FPO
QIB (times)	49.80x	10.41x
NII (times)	85.84x	7.21x
Big NII (times)
Small NII (times)
RII (times)	44.45x	1.60x
Employee (times)	1.61x	0.06x
Other (times)
Total (times)	50.75x	6.03x

Compare with others

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A2Z Maintenance IPO	Midvalley Entertainment IPO
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Shipping Corporation FPO	Punjab & Sind Bank IPO
MOIL IPO	A2Z Maintenance IPO

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