ARSS Infra IPO vs REC FPO

Comparision between ARSS Infra IPO and REC FPO.

IPO Details

ARSS Infra IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while REC FPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	ARSS Infra IPO	REC 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	Idbi Capital Market Services Limited SBI Capital Markets Limited	Bofa Securities India Limited ICICI Securities Limited Jm Financial Limited Kotak Mahindra Capital Company Limited
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
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 ARSS Infra IPO is up to ₹103.00 Cr whereas the issue size of the REC FPO is up to ₹3,530.04 Cr. The final issue price of ARSS Infra IPO is ₹450.00 per share and of REC FPO is ₹203.00 per share.

	ARSS Infra IPO	REC FPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹410.00 per share	₹203.00 per share
Issue Price (Upper)	₹450.00 per share
Issue Price (Final)	₹450.00 per share	₹203.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	15 shares	30 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	22,88,889 shares	17,17,32,000 shares
Issue Size Total (Amount)	up to ₹103.00 Cr	up to ₹3,530.04 Cr

IPO Timetable

ARSS Infra IPO opens on Feb 08, 2010, while REC FPO opens on Feb 19, 2010. The closing date of ARSS Infra IPO and REC FPO is Feb 11, 2010, and Feb 23, 2010, respectively.

	ARSS Infra IPO	REC FPO
Anchor Bid Date
Issue Open	Feb 08, 2010	Feb 19, 2010
Issue Close	Feb 11, 2010	Feb 23, 2010
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

ARSS Infra IPO P/E ratio is , as compared to REC FPO P/E ratio of .

ARSS Infra IPO

REC FPO

Financial

Particulars	For the year/period ended (Rs. in Lakhs)
	30-Jun-09	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06
Total Income	22,554.68	62,822.52	31,541.61	13,384.09	6,064.13
Profit After Tax (PAT)	1,890.38	5,118.64	2,683.57	1,055.63	332.18

Particulars	For the year/period ended (Rs. in Million)
	31-Mar-08	31-Mar-09	30-Sep-08	30-Sep-09
Total Income	35,410.81	49,233.06	21,980.10	31,367.14
Profit After Tax (PAT)	9,655.87	13,780.14	6,136.21	9,290.57

Promoter Shareholding (Pre-Issue)

65.31%

Promoter Shareholding (Post-Issue)

55.24%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

34.47%%

Shares Offered

In the ARSS Infra IPO retail investors (RII) are offered 7,53,659 shares while in REC FPO retail investors are offered 7,53,659 shares. Qualified institutional buyers (QIB) are offered 15,07,317 shares in ARSS Infra IPO and 8,56,91,000 shares in REC FPO.

	ARSS Infra IPO	REC FPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	15,07,317 shares	8,56,91,000 shares
NII	2,51,219 shares	2,57,07,300 shares
RII	7,53,659 shares	5,99,83,700 shares
Employee		3,50,000 shares
Others
Total	25,12,195 shares	17,17,32,000 shares

Bids Received (Subscription)

ARSS Infra IPO subscribed 47.62x in total, whereas REC FPO subscribed 3.14x.

	ARSS Infra IPO	REC FPO
QIB (times)	49.34x	5.52x
NII (times)	124.53x	2.05x
Big NII (times)
Small NII (times)
RII (times)	18.55x	0.23x
Employee (times)		0.85x
Other (times)
Total (times)	47.62x	3.14x

Compare with others

ARSS Infra IPO	REC FPO
DQ Entertainment IPO	Man Infraconstruction IPO
NMDC FPO	Texmo IPO
United Bank of India IPO	ARSS Infra IPO
Man Infraconstruction IPO	Hathway Cable IPO
Texmo IPO	DB Realty IPO
Hathway Cable IPO	Emmbi Polyarns IPO
DB Realty IPO	Vascon Engineers IPO
REC FPO	Syncom Healthcare IPO
Emmbi Polyarns IPO	Thangamayil IPO
Vascon Engineers IPO	Jubilant Foodworks IPO

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