REC FPO vs Thangamayil IPO

Comparision between REC FPO and Thangamayil IPO.

IPO Details

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

	REC FPO	Thangamayil 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	Keynote Financial Services Ltd
Registrar	Kfin Technologies Limited	S.K.D.C Consultants 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 Thangamayil IPO is up to ₹28.76 Cr. The final issue price of REC FPO is ₹203.00 per share and of Thangamayil IPO is ₹75.00 per share.

	REC FPO	Thangamayil IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹203.00 per share	₹70.00 per share
Issue Price (Upper)		₹75.00 per share
Issue Price (Final)	₹203.00 per share	₹75.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	30 shares	80 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	17,17,32,000 shares	38,33,667 shares
Issue Size Total (Amount)	up to ₹3,530.04 Cr	up to ₹28.76 Cr

IPO Timetable

REC FPO opens on Feb 19, 2010, while Thangamayil IPO opens on Jan 27, 2010. The closing date of REC FPO and Thangamayil IPO is Feb 23, 2010, and Jan 29, 2010, respectively.

	REC FPO	Thangamayil IPO
Anchor Bid Date
Issue Open	Feb 19, 2010	Jan 27, 2010
Issue Close	Feb 23, 2010	Jan 29, 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 Thangamayil IPO P/E ratio of .

REC FPO

Thangamayil 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 Lacs)
	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06	31-Mar-05
Total Income	24,685.56	22,460.11	12,722.37	4,924.70	2,693.89
Profit After Tax (PAT)	749.27	561.14	309.90	146.07	34.45

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

25.82%%

Shares Offered

In the REC FPO retail investors (RII) are offered 5,99,83,700 shares while in Thangamayil 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 19,89,465 shares in Thangamayil IPO.

	REC FPO	Thangamayil IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	8,56,91,000 shares	19,89,465 shares
NII	2,57,07,300 shares	13,92,625 shares
RII	5,99,83,700 shares	5,96,839 shares
Employee	3,50,000 shares	1,28,571 shares
Others
Total	17,17,32,000 shares	41,07,500 shares

Bids Received (Subscription)

REC FPO subscribed 3.14x in total, whereas Thangamayil IPO subscribed 1.12x.

	REC FPO	Thangamayil IPO
QIB (times)	5.52x	0.52x
NII (times)	2.05x	1.52x
Big NII (times)
Small NII (times)
RII (times)	0.23x	2.26x
Employee (times)	0.85x	0.67x
Other (times)
Total (times)	3.14x	1.12x

Compare with others

REC FPO	Thangamayil IPO
Man Infraconstruction IPO	DB Realty IPO
Texmo IPO	REC FPO
ARSS Infra IPO	Emmbi Polyarns IPO
Hathway Cable IPO	Vascon Engineers IPO
DB Realty IPO	Syncom Healthcare IPO
Emmbi Polyarns IPO	Jubilant Foodworks IPO
Vascon Engineers IPO	Birla Shloka FPO
Syncom Healthcare IPO	Aqua Logistics IPO
Thangamayil IPO	NTPC FPO
Jubilant Foodworks IPO	Infinite Computer IPO

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