Bharat Dynamics IPO vs Sandhar Technologies IPO

Comparision between Bharat Dynamics IPO and Sandhar Technologies IPO.

IPO Details

Bharat Dynamics IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Sandhar Technologies IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Bharat Dynamics IPO	Sandhar Technologies 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	Idbi Capital Market Services Limited SBI Capital Markets Limited Yes Securities (India) Limited	Axis Capital Limited ICICI Securities Limited
Registrar	Alankit Assignments 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 Bharat Dynamics IPO is up to ₹960.94 Cr whereas the issue size of the Sandhar Technologies IPO is up to ₹565.60 Cr. The final issue price of Bharat Dynamics IPO is ₹428.00 per share and of Sandhar Technologies IPO is ₹332.00 per share.

	Bharat Dynamics IPO	Sandhar Technologies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹413.00 per share	₹327.00 per share
Issue Price (Upper)	₹428.00 per share	₹332.00 per share
Issue Price (Final)	₹428.00 per share	₹332.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	35 shares	45 shares
Fresh Issue Size
Fresh Issue Size (Amount)		up to ₹300.00 Cr
OFS Issue Size		80,00,000 shares
OFS Issue Size (Amount)
Issue Size Total	2,24,51,953 shares
Issue Size Total (Amount)	up to ₹960.94 Cr	up to ₹565.60 Cr

IPO Timetable

Bharat Dynamics IPO opens on Mar 13, 2018, while Sandhar Technologies IPO opens on Mar 19, 2018. The closing date of Bharat Dynamics IPO and Sandhar Technologies IPO is Mar 15, 2018, and Mar 21, 2018, respectively.

	Bharat Dynamics IPO	Sandhar Technologies IPO
Anchor Bid Date
Issue Open	Mar 13, 2018	Mar 19, 2018
Issue Close	Mar 15, 2018	Mar 21, 2018
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

Bharat Dynamics IPO P/E ratio is , as compared to Sandhar Technologies IPO P/E ratio of .

Bharat Dynamics IPO

Sandhar Technologies IPO

Financial

Summary of financial Information (Restated Standalone)
Particulars	For the year/period ended (in Rs. million)
	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	86,007.92	96,406.32	84,119.70
Total Revenue	51,980.73	46,013.75	32,532.28
Profit After Tax	4,903.19	5,620.69	4,435.48

Summary of financial Information (Restated Standalone)
Particulars	For the year/period ended (in Rs. million)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	8,449.03	7,640.62	7,504.36	6,213.64	5,424.39
Total Revenue	13,743.14	12,933.59	12,624.16	10,438.24	9,643.81
Profit Before Tax	453.30	433.67	478.69	407.61	263.04
Profit After Tax	366.42	322.67	348.37	337.64	208.01

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Bharat Dynamics IPO retail investors (RII) are offered 76,97,813 shares while in Sandhar Technologies IPO retail investors are offered 76,97,813 shares. Qualified institutional buyers (QIB) are offered 1,09,96,874 shares in Bharat Dynamics IPO and 30,85,505 shares in Sandhar Technologies IPO.

	Bharat Dynamics IPO	Sandhar Technologies IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,09,96,874 shares	30,85,505 shares
NII	32,99,063 shares	23,36,147 shares
RII	76,97,813 shares	54,51,009 shares
Employee	4,58,203 shares
Others
Total	2,24,51,953 shares	1,08,72,661 shares

Bids Received (Subscription)

Bharat Dynamics IPO subscribed 1.29x in total, whereas Sandhar Technologies IPO subscribed 6.14x.

	Bharat Dynamics IPO	Sandhar Technologies IPO
QIB (times)	1.50x	14.50x
NII (times)	0.50x	6.39x
Big NII (times)
Small NII (times)
RII (times)	1.37x	1.31x
Employee (times)	0.40x
Other (times)
Total (times)	1.29x	6.14x

Compare with others

Bharat Dynamics IPO	Sandhar Technologies IPO
ICICI Securities IPO	RITES Limited IPO
Mishra Dhatu Nigam IPO	IndoStar Capital Finance IPO
Sandhar Technologies IPO	Lemon Tree Hotels IPO
Karda Construction IPO	ICICI Securities IPO
Hindustan Aeronautics IPO	Mishra Dhatu Nigam IPO
Bandhan Bank IPO	Karda Construction IPO
HG Infra IPO	Hindustan Aeronautics IPO
Aster DM Healthcare IPO	Bharat Dynamics IPO
Galaxy Surfactants IPO	Bandhan Bank IPO
Amber Enterprises IPO	HG Infra IPO

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