IndoStar Capital Finance IPO vs RITES Limited IPO

Comparision between IndoStar Capital Finance IPO and RITES Limited IPO.

IPO Details

IndoStar Capital Finance IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while RITES Limited IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	IndoStar Capital Finance IPO	RITES Limited IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Jm Financial Limited Kotak Mahindra Capital Company Limited Morgan Stanley India Company Pvt Ltd Motilal Oswal Investment Advisors Limited Nomura Financial Advisory And Securities (India) Pvt Ltd	Elara Capital (India) Private Limited Idbi Capital Market Services Limited Idfc Bank Limited SBI Capital Markets Limited
Registrar	Link Intime India Private 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 IndoStar Capital Finance IPO is up to ₹1,844.00 Cr whereas the issue size of the RITES Limited IPO is up to ₹460.51 Cr. The final issue price of IndoStar Capital Finance IPO is ₹572.00 per share and of RITES Limited IPO is ₹185.00 per share.

	IndoStar Capital Finance IPO	RITES Limited IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹570.00 per share	₹180.00 per share
Issue Price (Upper)	₹572.00 per share	₹185.00 per share
Issue Price (Final)	₹572.00 per share	₹185.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	26 shares	80 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹700.00 Cr
OFS Issue Size	2,00,00,000 shares
OFS Issue Size (Amount)
Issue Size Total	3,22,37,762 shares	2,52,00,000 shares
Issue Size Total (Amount)	up to ₹1,844.00 Cr	up to ₹460.51 Cr

IPO Timetable

IndoStar Capital Finance IPO opens on May 09, 2018, while RITES Limited IPO opens on Jun 20, 2018. The closing date of IndoStar Capital Finance IPO and RITES Limited IPO is May 11, 2018, and Jun 22, 2018, respectively.

	IndoStar Capital Finance IPO	RITES Limited IPO
Anchor Bid Date
Issue Open	May 09, 2018	Jun 20, 2018
Issue Close	May 11, 2018	Jun 22, 2018
Basis Of Allotment (Tentative)	May 16, 2018
Initiation of Refunds (Tentative)	May 17, 2018
Credit of Share (Tentative)	May 18, 2018
Listing date (Tentative)	May 21, 2018
Anchor Lockin End date 1	Jun 15, 2018
Anchor Lockin End date 2	Aug 14, 2018

Financials

IndoStar Capital Finance IPO P/E ratio is , as compared to RITES Limited IPO P/E ratio of .

IndoStar Capital Finance IPO

RITES Limited IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Millions)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	54,853.65	46,922.73	39,916.86	31,608.02	22,070.85
Total Revenue	7,155.42	6,413.79	5,280.56	3,969.05	2,415.77
Profit After Tax	2,090.38	1,910.16	1,490.65	1,121.36	900.94

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Millions)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	48,031.69	44,092.06	36,056.30	36,363.82	32,867.96
Total Revenue	15,637.21	12,267.27	11,591.07	12,234.70	10,830.52
Profit After Tax	3,624.16	2,827.31	3,122.88	2,605.36	2,330.57

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the IndoStar Capital Finance IPO retail investors (RII) are offered 1,12,98,246 shares while in RITES Limited IPO retail investors are offered 1,12,98,246 shares. Qualified institutional buyers (QIB) are offered 64,35,086 shares in IndoStar Capital Finance IPO and 1,20,00,000 shares in RITES Limited IPO.

	IndoStar Capital Finance IPO	RITES Limited IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	64,35,086 shares	1,20,00,000 shares
NII	48,42,106 shares	36,00,000 shares
RII	1,12,98,246 shares	84,00,000 shares
Employee		12,00,000 shares
Others
Total	2,25,75,438 shares	2,52,00,000 shares

Bids Received (Subscription)

IndoStar Capital Finance IPO subscribed 6.65x in total, whereas RITES Limited IPO subscribed 66.74x.

	IndoStar Capital Finance IPO	RITES Limited IPO
QIB (times)	16.08x	71.71x
NII (times)	6.91x	194.56x
Big NII (times)
Small NII (times)
RII (times)	1.17x	14.24x
Employee (times)		0.96x
Other (times)
Total (times)	6.65x	66.74x

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IndoStar Capital Finance IPO	RITES Limited IPO
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Fine Organic IPO	Varroc Engineering IPO
RITES Limited IPO	Fine Organic IPO
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