Hathway Cable IPO vs REC FPO

Comparision between Hathway Cable IPO and REC FPO.

IPO Details

Hathway Cable 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.

	Hathway Cable 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	Kotak Mahindra Capital Company Limited Morgan Stanley India Company Pvt Ltd Ubs Securities India Private Limited	Bofa Securities India Limited ICICI Securities Limited Jm Financial Limited Kotak Mahindra Capital Company Limited
Registrar	Link Intime India Private 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 Hathway Cable IPO is up to ₹666.00 Cr whereas the issue size of the REC FPO is up to ₹3,530.04 Cr. The final issue price of Hathway Cable IPO is ₹240.00 per share and of REC FPO is ₹203.00 per share.

	Hathway Cable IPO	REC FPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹240.00 per share	₹203.00 per share
Issue Price (Upper)	₹265.00 per share
Issue Price (Final)	₹240.00 per share	₹203.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	25 shares	30 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	2,77,50,000 shares	17,17,32,000 shares
Issue Size Total (Amount)	up to ₹666.00 Cr	up to ₹3,530.04 Cr

IPO Timetable

Hathway Cable IPO opens on Feb 09, 2010, while REC FPO opens on Feb 19, 2010. The closing date of Hathway Cable IPO and REC FPO is Feb 11, 2010, and Feb 23, 2010, respectively.

	Hathway Cable IPO	REC FPO
Anchor Bid Date
Issue Open	Feb 09, 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

Hathway Cable IPO P/E ratio is , as compared to REC FPO P/E ratio of .

Hathway Cable IPO

REC FPO

Financial

Particulars	For the year/period ended (Rs. in Million)
	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06	31-Mar-05
Total Income	6,728.76	4,346.65	3,086.31	2,532.38	2,085.78
Profit After Tax (PAT)	116.95	46.70	10.97	9.07	6.55

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)

38.15%

Promoter Shareholding (Post-Issue)

32.81%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

-24.31%%

Shares Offered

In the Hathway Cable IPO retail investors (RII) are offered 83,25,000 shares while in REC FPO retail investors are offered 83,25,000 shares. Qualified institutional buyers (QIB) are offered 1,16,55,000 shares in Hathway Cable IPO and 8,56,91,000 shares in REC FPO.

	Hathway Cable IPO	REC FPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,16,55,000 shares	8,56,91,000 shares
NII	27,75,000 shares	2,57,07,300 shares
RII	83,25,000 shares	5,99,83,700 shares
Employee		3,50,000 shares
Others
Total	2,27,55,000 shares	17,17,32,000 shares

Bids Received (Subscription)

Hathway Cable IPO subscribed 1.36x in total, whereas REC FPO subscribed 3.14x.

	Hathway Cable IPO	REC FPO
QIB (times)	1.43x	5.52x
NII (times)	4.29x	2.05x
Big NII (times)
Small NII (times)
RII (times)	0.28x	0.23x
Employee (times)		0.85x
Other (times)
Total (times)	1.36x	3.14x

Compare with others

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

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