Readymade Steel India IPO vs Rushil Decor IPO

Comparision between Readymade Steel India IPO and Rushil Decor IPO.

IPO Details

Readymade Steel India IPO is a Mainline Book Built Issue IPO proposed to list at BSE while Rushil Decor IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Readymade Steel India IPO	Rushil Decor IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE	BSE, NSE
Lead Managers	Arihant Capital Markets Ltd	Corporate Strategic Allianz Ltd Indbank Merchant Banking Services Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt 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 Readymade Steel India IPO is up to ₹34.75 Cr whereas the issue size of the Rushil Decor IPO is up to ₹40.64 Cr. The final issue price of Readymade Steel India IPO is ₹108.00 per share and of Rushil Decor IPO is ₹72.00 per share.

	Readymade Steel India IPO	Rushil Decor IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹90.00 per share	₹63.00 per share
Issue Price (Upper)	₹108.00 per share	₹72.00 per share
Issue Price (Final)	₹108.00 per share	₹72.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	60 shares	90 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	32,17,157 shares	56,43,750 shares
Issue Size Total (Amount)	up to ₹34.75 Cr	up to ₹40.64 Cr

IPO Timetable

Readymade Steel India IPO opens on Jun 27, 2011, while Rushil Decor IPO opens on Jun 20, 2011. The closing date of Readymade Steel India IPO and Rushil Decor IPO is Jun 29, 2011, and Jun 23, 2011, respectively.

	Readymade Steel India IPO	Rushil Decor IPO
Anchor Bid Date
Issue Open	Jun 27, 2011	Jun 20, 2011
Issue Close	Jun 29, 2011	Jun 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

Readymade Steel India IPO P/E ratio is , as compared to Rushil Decor IPO P/E ratio of .

Readymade Steel India IPO

Rushil Decor IPO

Financial

Particulars	For the year/period ended (in Rs. Lakhs)
	31-Dec-10	31-Mar-10	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06
Total Income	9662.57	10262.67	9679.62	8071.97	7926.23	7306.99
Profit After Tax (PAT)	375.90	385.39	277.53	204.52	242.28	159.59

Promoter Shareholding (Pre-Issue)

88.83%

88.58%

Promoter Shareholding (Post-Issue)

64.44%

55.55%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

5.14%%

18.06%%

Shares Offered

In the Readymade Steel India IPO retail investors (RII) are offered 13,51,206 shares while in Rushil Decor IPO retail investors are offered 13,51,206 shares. Qualified institutional buyers (QIB) are offered 19,30,294 shares in Readymade Steel India IPO and 27,00,000 shares in Rushil Decor IPO.

	Readymade Steel India IPO	Rushil Decor IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	19,30,294 shares	27,00,000 shares
NII	5,79,088 shares	8,10,000 shares
RII	13,51,206 shares	18,90,000 shares
Employee
Others
Total	38,60,588 shares	54,00,000 shares

Bids Received (Subscription)

Readymade Steel India IPO subscribed 1.68x in total, whereas Rushil Decor IPO subscribed 2.62x.

	Readymade Steel India IPO	Rushil Decor IPO
QIB (times)	0.03x	0.23x
NII (times)	1.37x	1.35x
Big NII (times)
Small NII (times)
RII (times)	4.18x	6.57x
Employee (times)
Other (times)
Total (times)	1.68x	2.62x

Compare with others

Readymade Steel India IPO	Rushil Decor IPO
Tree House IPO	SRS IPO
SRS IPO	Inventure Securities IPO
Inventure Securities IPO	L&T Finance IPO
L&T Finance IPO	Bharatiya Global Infomedia IPO
Bharatiya Global Infomedia IPO	Readymade Steel India IPO
Rushil Decor IPO	Birla Pacific Medspa IPO
Birla Pacific Medspa IPO	VMS Industries IPO
VMS Industries IPO	Timbor Home IPO
Timbor Home IPO	Aanjaneya IPO
Aanjaneya IPO	Sanghvi Forging IPO

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