Readymade Steel India IPO vs Tree House IPO

Comparision between Readymade Steel India IPO and Tree House IPO.

IPO Details

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

	Readymade Steel India IPO	Tree House 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	Jm Financial Limited Motilal Oswal Investment Advisors 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 Readymade Steel India IPO is up to ₹34.75 Cr whereas the issue size of the Tree House IPO is up to ₹113.83 Cr. The final issue price of Readymade Steel India IPO is ₹108.00 per share and of Tree House IPO is ₹135.00 per share.

	Readymade Steel India IPO	Tree House IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹90.00 per share	₹135.00 per share
Issue Price (Upper)	₹108.00 per share	₹153.00 per share
Issue Price (Final)	₹108.00 per share	₹135.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	60 shares	40 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	32,17,157 shares	84,32,189 shares
Issue Size Total (Amount)	up to ₹34.75 Cr	up to ₹113.83 Cr

IPO Timetable

Readymade Steel India IPO opens on Jun 27, 2011, while Tree House IPO opens on Aug 10, 2011. The closing date of Readymade Steel India IPO and Tree House IPO is Jun 29, 2011, and Aug 12, 2011, respectively.

	Readymade Steel India IPO	Tree House IPO
Anchor Bid Date
Issue Open	Jun 27, 2011	Aug 10, 2011
Issue Close	Jun 29, 2011	Aug 12, 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 Tree House IPO P/E ratio of .

Readymade Steel India IPO

Tree House IPO

Financial

Particulars	For the year/period ended (in Rs. Million)
	31-Dec-10	31-Mar-10	31-Mar-09	31-Mar-08	31-Mar-07
Total Income	305.73	218.71	106.47	54.26	0.99
Profit After Tax (PAT)	70.78	25.99	5.12	(1.91)	(4.89)

Promoter Shareholding (Pre-Issue)

88.83%

39.47%

Promoter Shareholding (Post-Issue)

64.44%

29.6%

P/E Ratio

Market Cap

ROE

5.7%%

ROCE

Debt/Equity

EPS

RoNW

5.14%%

7.5%%

Shares Offered

In the Readymade Steel India IPO retail investors (RII) are offered 13,51,206 shares while in Tree House 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 29,51,267 shares in Tree House IPO.

	Readymade Steel India IPO	Tree House IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	19,30,294 shares	29,51,267 shares
NII	5,79,088 shares	12,64,828 shares
RII	13,51,206 shares	29,51,266 shares
Employee
Others
Total	38,60,588 shares	71,67,361 shares

Bids Received (Subscription)

Readymade Steel India IPO subscribed 1.68x in total, whereas Tree House IPO subscribed 1.85x.

	Readymade Steel India IPO	Tree House IPO
QIB (times)	0.03x	1.02x
NII (times)	1.37x	1.68x
Big NII (times)
Small NII (times)
RII (times)	4.18x	2.76x
Employee (times)
Other (times)
Total (times)	1.68x	1.85x

Compare with others

Readymade Steel India IPO	Tree House IPO
Tree House IPO	Taksheel Solutions IPO
SRS IPO	Prakash Constrowell IPO
Inventure Securities IPO	PG Electroplast IPO
L&T Finance IPO	TD Power IPO
Bharatiya Global Infomedia IPO	Brooks Labs IPO
Rushil Decor IPO	SRS IPO
Birla Pacific Medspa IPO	Inventure Securities IPO
VMS Industries IPO	L&T Finance IPO
Timbor Home IPO	Bharatiya Global Infomedia IPO
Aanjaneya IPO	Readymade Steel India IPO

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