REC FPO vs Texmo IPO

Comparision between REC FPO and Texmo IPO.

IPO Details

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

	REC FPO	Texmo IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	FPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Bofa Securities India Limited ICICI Securities Limited Jm Financial Limited Kotak Mahindra Capital Company Limited	Almondz Global Securities Limited
Registrar	Kfin Technologies Limited	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 REC FPO is up to ₹3,530.04 Cr whereas the issue size of the Texmo IPO is up to ₹45.00 Cr. The final issue price of REC FPO is ₹203.00 per share and of Texmo IPO is ₹90.00 per share.

	REC FPO	Texmo IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹203.00 per share	₹85.00 per share
Issue Price (Upper)		₹90.00 per share
Issue Price (Final)	₹203.00 per share	₹90.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	30 shares	75 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	17,17,32,000 shares	50,00,000 shares
Issue Size Total (Amount)	up to ₹3,530.04 Cr	up to ₹45.00 Cr

IPO Timetable

REC FPO opens on Feb 19, 2010, while Texmo IPO opens on Feb 16, 2010. The closing date of REC FPO and Texmo IPO is Feb 23, 2010, and Feb 19, 2010, respectively.

	REC FPO	Texmo IPO
Anchor Bid Date
Issue Open	Feb 19, 2010	Feb 16, 2010
Issue Close	Feb 23, 2010	Feb 19, 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

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

REC FPO

Texmo IPO

Financial

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

Particulars	For the year/period ended (Rs. in Lakhs)
	30-Oct-09	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06
Total Income	4309.53	4702.76	5908.09	2047.96	2248.56
Profit After Tax (PAT)	336.38	432.92	426.38	40.66	58.34

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

55.63%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

39.39%%

Shares Offered

In the REC FPO retail investors (RII) are offered 5,99,83,700 shares while in Texmo IPO retail investors are offered 5,99,83,700 shares. Qualified institutional buyers (QIB) are offered 8,56,91,000 shares in REC FPO and 24,50,000 shares in Texmo IPO.

	REC FPO	Texmo IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	8,56,91,000 shares	24,50,000 shares
NII	2,57,07,300 shares	7,35,000 shares
RII	5,99,83,700 shares	17,15,000 shares
Employee	3,50,000 shares	1,00,000 shares
Others
Total	17,17,32,000 shares	50,00,000 shares

Bids Received (Subscription)

REC FPO subscribed 3.14x in total, whereas Texmo IPO subscribed 7.48x.

	REC FPO	Texmo IPO
QIB (times)	5.52x	1.02x
NII (times)	2.05x	30.50x
Big NII (times)
Small NII (times)
RII (times)	0.23x	7.26x
Employee (times)	0.85x	0.31x
Other (times)
Total (times)	3.14x	7.48x

Compare with others

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

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