MSTC IPO vs Rail Vikas IPO

Comparision between MSTC IPO and Rail Vikas IPO.

IPO Details

MSTC IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Rail Vikas IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	MSTC IPO	Rail Vikas 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	Equirus Capital Private Limited	Elara Capital (India) Private Limited Idbi Capital Market Services Limited Yes Bank Limited
Registrar	Alankit Assignments Ltd	Alankit Assignments 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 MSTC IPO is up to ₹212.04 Cr whereas the issue size of the Rail Vikas IPO is up to ₹481.57 Cr. The final issue price of MSTC IPO is ₹120.00 per share and of Rail Vikas IPO is ₹19.00 per share.

	MSTC IPO	Rail Vikas IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹120.00 per share	₹17.00 per share
Issue Price (Upper)	₹128.00 per share	₹19.00 per share
Issue Price (Final)	₹120.00 per share	₹19.00 per share
Discount (Retail)	₹5.50 per share	₹0.50 per share
Discount (Employee)	₹5.50 per share	₹0.50 per share
Market Lot Size	90 shares	780 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	1,76,70,400 shares	25,34,57,280 shares
Issue Size Total (Amount)	up to ₹212.04 Cr	up to ₹481.57 Cr

IPO Timetable

MSTC IPO opens on Mar 13, 2019, while Rail Vikas IPO opens on Mar 29, 2019. The closing date of MSTC IPO and Rail Vikas IPO is Mar 20, 2019, and Apr 03, 2019, respectively.

	MSTC IPO	Rail Vikas IPO
Anchor Bid Date
Issue Open	Mar 13, 2019	Mar 29, 2019
Issue Close	Mar 20, 2019	Apr 03, 2019
Basis Of Allotment (Tentative)	Mar 25, 2019	Apr 08, 2019
Initiation of Refunds (Tentative)	Mar 26, 2019	Apr 09, 2019
Credit of Share (Tentative)	Mar 28, 2019	Apr 09, 2019
Listing date (Tentative)	Mar 29, 2019	Apr 11, 2019
Anchor Lockin End date 1	Apr 24, 2019	May 08, 2019
Anchor Lockin End date 2	Jun 23, 2019	Jul 07, 2019

Financials

MSTC IPO P/E ratio is , as compared to Rail Vikas IPO P/E ratio of .

MSTC IPO

Rail Vikas IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Million)
	30-Sep-18	31-Mar-18	31-Mar-17	31-Mar-16
Total Assets	42,566.28	47,378.56	45,998.14	41,621.75
Total Revenue	14,915.50	27,931.50	18,762.00	33,078.00
Profit After Tax	(158.84)	(64.81)	1,391.50	(2,471.00)

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. 10 Lakhs)
	30-Sep-18	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	87,324.10	85,685.46	88,595.72	222,156.75	161,353.72
Total Revenue	36,228.82	75,973.58	59,151.06	45,398.54	31,465.35
Profit After Tax	2,536.20	5,699.20	4,434.62	4,294.34	3,368.49

Promoter Shareholding (Pre-Issue)

89.85%

Promoter Shareholding (Post-Issue)

64.75%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the MSTC IPO retail investors (RII) are offered 17,60,000 shares while in Rail Vikas IPO retail investors are offered 17,60,000 shares. Qualified institutional buyers (QIB) are offered 1,32,00,000 shares in MSTC IPO and 12,64,00,000 shares in Rail Vikas IPO.

	MSTC IPO	Rail Vikas IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,32,00,000 shares	12,64,00,000 shares
NII	26,40,000 shares	3,79,20,000 shares
RII	17,60,000 shares	8,84,80,000 shares
Employee	70,400 shares	6,57,280 shares
Others
Total	1,76,70,400 shares	25,34,57,280 shares

Bids Received (Subscription)

MSTC IPO subscribed 1.46x in total, whereas Rail Vikas IPO subscribed 1.82x.

	MSTC IPO	Rail Vikas IPO
QIB (times)	1.13x	1.36x
NII (times)	2.15x	0.80x
Big NII (times)
Small NII (times)
RII (times)	2.95x	2.92x
Employee (times)	1.54x	2.11x
Other (times)
Total (times)	1.46x	1.82x

Compare with others

MSTC IPO	Rail Vikas IPO
Neogen Chemicals IPO	Sterling and Wilson IPO
Rail Vikas IPO	Spandana Sphoorty IPO
Polycab IPO	Affle IPO
Metropolis IPO	IndiaMart IPO
Embassy Office Parks	Neogen Chemicals IPO
Xelpmoc Design and Tech IPO	Polycab IPO
Aavas Financiers IPO	Metropolis IPO
IRCON International IPO	Embassy Office Parks
Garden Reach Shipbuilders IPO	MSTC IPO
Chalet Hotels Limited IPO	Xelpmoc Design and Tech IPO

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