Power Grid FPO 2 vs RPP Infra IPO

Comparision between Power Grid FPO 2 and RPP Infra IPO.

IPO Details

Power Grid FPO 2 is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while RPP Infra IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Power Grid FPO 2	RPP Infra 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	Citigroup Global Markets India Private Limited ICICI Securities Limited Kotak Mahindra Capital Company Limited SBI Capital Markets Limited Ubs Securities India Private Limited	Vc Corporate Advisors Pvt Ltd (Vcapl)
Registrar	Kfin Technologies Limited	Cameo Corporate Services 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 Power Grid FPO 2 is up to ₹6,958.64 Cr whereas the issue size of the RPP Infra IPO is up to ₹48.75 Cr. The final issue price of Power Grid FPO 2 is ₹85.50 per share and of RPP Infra IPO is ₹75.00 per share.

	Power Grid FPO 2	RPP Infra IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹85.00 per share	₹68.00 per share
Issue Price (Upper)	₹90.00 per share	₹75.00 per share
Issue Price (Final)	₹85.50 per share	₹75.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	150 shares	80 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	78,70,53,309 shares	65,00,000 shares
Issue Size Total (Amount)	up to ₹6,958.64 Cr	up to ₹48.75 Cr

IPO Timetable

Power Grid FPO 2 opens on Dec 03, 2013, while RPP Infra IPO opens on Nov 18, 2010. The closing date of Power Grid FPO 2 and RPP Infra IPO is Dec 06, 2013, and Nov 22, 2010, respectively.

	Power Grid FPO 2	RPP Infra IPO
Anchor Bid Date
Issue Open	Dec 03, 2013	Nov 18, 2010
Issue Close	Dec 06, 2013	Nov 22, 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

Power Grid FPO 2 P/E ratio is , as compared to RPP Infra IPO P/E ratio of .

Power Grid FPO 2

RPP Infra IPO

Financial

Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-10	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06
Total Income	14,688.67	10,122.54	7,213.59	4,467.18	4,155.76
Profit After Tax (PAT)	826.36	412.22	205.43	186.22	169.30

Promoter Shareholding (Pre-Issue)

69.42%

99.99%

Promoter Shareholding (Post-Issue)

57.9%

71.23%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

16.15%%

33.66%%

Shares Offered

In the Power Grid FPO 2 retail investors (RII) are offered 27,44,18,658 shares while in RPP Infra IPO retail investors are offered 27,44,18,658 shares. Qualified institutional buyers (QIB) are offered 39,20,26,655 shares in Power Grid FPO 2 and 30,50,000 shares in RPP Infra IPO.

	Power Grid FPO 2	RPP Infra IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	39,20,26,655 shares	30,50,000 shares
NII	11,76,07,996 shares	9,15,000 shares
RII	27,44,18,658 shares	21,35,000 shares
Employee	30,00,000 shares	4,00,000 shares
Others
Total	78,70,53,309 shares	65,00,000 shares

Bids Received (Subscription)

Power Grid FPO 2 subscribed 6.74x in total, whereas RPP Infra IPO subscribed 2.97x.

	Power Grid FPO 2	RPP Infra IPO
QIB (times)	9.09x	0.16x
NII (times)	9.70x	7.27x
Big NII (times)
Small NII (times)
RII (times)	2.17x	5.60x
Employee (times)	1.31x	0.43x
Other (times)
Total (times)	6.74x	2.97x

Compare with others

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PC Jeweller IPO	BS Transcomm IPO

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