Prestige Estates IPO vs RPP Infra IPO

Comparision between Prestige Estates IPO and RPP Infra IPO.

IPO Details

Prestige Estates IPO 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.

	Prestige Estates IPO	RPP Infra 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	Axis Capital Limited J.P. Morgan India Private Limited Kotak Mahindra Capital Company Limited Ubs Securities India Private Limited	Vc Corporate Advisors Pvt Ltd (Vcapl)
Registrar	Link Intime India Private Ltd	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 Prestige Estates IPO is up to ₹1,200.00 Cr whereas the issue size of the RPP Infra IPO is up to ₹48.75 Cr. The final issue price of Prestige Estates IPO is ₹183.00 per share and of RPP Infra IPO is ₹75.00 per share.

	Prestige Estates IPO	RPP Infra IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹172.00 per share	₹68.00 per share
Issue Price (Upper)	₹183.00 per share	₹75.00 per share
Issue Price (Final)	₹183.00 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	6,55,73,770 shares	65,00,000 shares
Issue Size Total (Amount)	up to ₹1,200.00 Cr	up to ₹48.75 Cr

IPO Timetable

Prestige Estates IPO opens on Oct 12, 2010, while RPP Infra IPO opens on Nov 18, 2010. The closing date of Prestige Estates IPO and RPP Infra IPO is Oct 14, 2010, and Nov 22, 2010, respectively.

	Prestige Estates IPO	RPP Infra IPO
Anchor Bid Date
Issue Open	Oct 12, 2010	Nov 18, 2010
Issue Close	Oct 14, 2010	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

Prestige Estates IPO P/E ratio is , as compared to RPP Infra IPO P/E ratio of .

Prestige Estates IPO

RPP Infra IPO

Financial

Particulars	For the year/period ended (in Rs. Million)
	31-Mar-10	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06	31-Mar-05
Total Income		9,161.51	9,892.65	4,271.42	4,743.31	3,816.45
Profit After Tax (PAT)		707.31	541.63	390.91	305.34	346.03

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)

100%

99.99%

Promoter Shareholding (Post-Issue)

80.01%

71.23%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

19.02%%

33.66%%

Shares Offered

In the Prestige Estates IPO retail investors (RII) are offered 2,08,77,906 shares while in RPP Infra IPO retail investors are offered 2,08,77,906 shares. Qualified institutional buyers (QIB) are offered 2,92,29,071 shares in Prestige Estates IPO and 30,50,000 shares in RPP Infra IPO.

	Prestige Estates IPO	RPP Infra IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	2,92,29,071 shares	30,50,000 shares
NII	69,59,303 shares	9,15,000 shares
RII	2,08,77,906 shares	21,35,000 shares
Employee	1,74,418 shares	4,00,000 shares
Others
Total	5,72,40,698 shares	65,00,000 shares

Bids Received (Subscription)

Prestige Estates IPO subscribed 2.26x in total, whereas RPP Infra IPO subscribed 2.97x.

	Prestige Estates IPO	RPP Infra IPO
QIB (times)	4.32x	0.16x
NII (times)	0.24x	7.27x
Big NII (times)
Small NII (times)
RII (times)	0.08x	5.60x
Employee (times)	0.24x	0.43x
Other (times)
Total (times)	2.26x	2.97x

Compare with others

Prestige Estates IPO	RPP Infra IPO
MOIL IPO	A2Z Maintenance IPO
RPP Infra IPO	Ravikumar Distilleries IPO
Gravita IPO	Claris IPO
Power Grid FPO	Shipping Corporation FPO
Gyscoal Alloys IPO	MOIL IPO
BS Transcomm IPO	Gravita IPO
Oberoi Realty IPO	Power Grid FPO
Commercial Engineers IPO	Gyscoal Alloys IPO
Bedmutha IPO	Prestige Estates IPO
Sea TV Network IPO	BS Transcomm IPO

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