M and B Switchgears IPO vs RDB Rasayans IPO

Comparision between M and B Switchgears IPO and RDB Rasayans IPO.

IPO Details

M and B Switchgears IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while RDB Rasayans IPO is a Mainline Book Built Issue proposed to list at BSE.

	M and B Switchgears IPO	RDB Rasayans IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE
Lead Managers	D And A Financial Services Private Ltd	Chartered Capital And Investment Limited
Registrar	Bigshare Services Pvt 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 M and B Switchgears IPO is up to ₹93.00 Cr whereas the issue size of the RDB Rasayans IPO is up to ₹35.55 Cr. The final issue price of M and B Switchgears IPO is ₹186.00 per share and of RDB Rasayans IPO is ₹79.00 per share.

	M and B Switchgears IPO	RDB Rasayans IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹180.00 per share	₹72.00 per share
Issue Price (Upper)	₹186.00 per share	₹79.00 per share
Issue Price (Final)	₹186.00 per share	₹79.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	30 shares	80 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	50,00,000 shares	45,00,000 shares
Issue Size Total (Amount)	up to ₹93.00 Cr	up to ₹35.55 Cr

IPO Timetable

M and B Switchgears IPO opens on Sep 28, 2011, while RDB Rasayans IPO opens on Sep 21, 2011. The closing date of M and B Switchgears IPO and RDB Rasayans IPO is Oct 05, 2011, and Sep 23, 2011, respectively.

	M and B Switchgears IPO	RDB Rasayans IPO
Anchor Bid Date
Issue Open	Sep 28, 2011	Sep 21, 2011
Issue Close	Oct 05, 2011	Sep 23, 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

M and B Switchgears IPO P/E ratio is , as compared to RDB Rasayans IPO P/E ratio of .

M and B Switchgears IPO

RDB Rasayans IPO

Financial

Particulars	For the year/period ended (in Rs. Lacs)
	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08	31-Mar-07
Total Income	3528.26	3750.42	2658.12	1987.68	1618.51
Profit After Tax (PAT)	79.19	92.98	42.03	29.03	21.71

Promoter Shareholding (Pre-Issue)

94.26%

87.59%

Promoter Shareholding (Post-Issue)

70.69%

65.34%

P/E Ratio

Market Cap

ROE

10.6%%

ROCE

15.47%%

14%%

Debt/Equity

EPS

RoNW

10.3%%

10.19%%

Shares Offered

In the M and B Switchgears IPO retail investors (RII) are offered 17,50,000 shares while in RDB Rasayans IPO retail investors are offered 17,50,000 shares. Qualified institutional buyers (QIB) are offered 25,00,000 shares in M and B Switchgears IPO and 22,50,000 shares in RDB Rasayans IPO.

	M and B Switchgears IPO	RDB Rasayans IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	25,00,000 shares	22,50,000 shares
NII	7,50,000 shares	6,75,000 shares
RII	17,50,000 shares	15,75,000 shares
Employee
Others
Total	50,00,000 shares	45,00,000 shares

Bids Received (Subscription)

M and B Switchgears IPO subscribed 1.57x in total, whereas RDB Rasayans IPO subscribed 1.50x.

	M and B Switchgears IPO	RDB Rasayans IPO
QIB (times)	1.03x	0.00x
NII (times)	1.56x	0.75x
Big NII (times)
Small NII (times)
RII (times)	2.35x	3.96x
Employee (times)
Other (times)
Total (times)	1.57x	1.50x

Compare with others

M and B Switchgears IPO	RDB Rasayans IPO
MT Educare IPO	Olympic Cards IPO
NBCC IPO	Indo Thai Securities IPO
Olympic Cards IPO	Onelife Capital IPO
Indo Thai Securities IPO	M and B Switchgears IPO
Onelife Capital IPO	Flexituff IPO
Flexituff IPO	Tijaria Polypipes IPO
RDB Rasayans IPO	Taksheel Solutions IPO
Tijaria Polypipes IPO	Prakash Constrowell IPO
Taksheel Solutions IPO	PG Electroplast IPO
Prakash Constrowell IPO	TD Power IPO

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