Karda Construction IPO vs Sandhar Technologies IPO

Comparision between Karda Construction IPO and Sandhar Technologies IPO.

IPO Details

Karda Construction 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.

	Karda Construction 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	Aryaman Financial Services Limited	Axis Capital Limited ICICI Securities Limited
Registrar	Bigshare Services Pvt 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 Karda Construction IPO is up to ₹77.40 Cr whereas the issue size of the Sandhar Technologies IPO is up to ₹565.60 Cr. The final issue price of Karda Construction IPO is ₹180.00 per share and of Sandhar Technologies IPO is ₹332.00 per share.

	Karda Construction IPO	Sandhar Technologies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹175.00 per share	₹327.00 per share
Issue Price (Upper)	₹180.00 per share	₹332.00 per share
Issue Price (Final)	₹180.00 per share	₹332.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	80 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	43,00,000 shares
Issue Size Total (Amount)	up to ₹77.40 Cr	up to ₹565.60 Cr

IPO Timetable

Karda Construction IPO opens on Mar 16, 2018, while Sandhar Technologies IPO opens on Mar 19, 2018. The closing date of Karda Construction IPO and Sandhar Technologies IPO is Mar 21, 2018, and Mar 21, 2018, respectively.

	Karda Construction IPO	Sandhar Technologies IPO
Anchor Bid Date
Issue Open	Mar 16, 2018	Mar 19, 2018
Issue Close	Mar 21, 2018	Mar 21, 2018
Basis Of Allotment (Tentative)	Mar 26, 2018
Initiation of Refunds (Tentative)	Mar 27, 2018
Credit of Share (Tentative)	Mar 28, 2018
Listing date (Tentative)	Apr 02, 2018
Anchor Lockin End date 1	Apr 25, 2018
Anchor Lockin End date 2	Jun 24, 2018

Financials

Karda Construction IPO P/E ratio is , as compared to Sandhar Technologies IPO P/E ratio of .

Karda Construction IPO

Sandhar Technologies IPO

Financial

Summary of financial Information (Restated Standalone)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	24,853.72	24,961.42	23,304.63	18,612.39	16,238.73
Total Revenue	11,002.26	10,593.47	4,653.44	5,907.39	4,328.65
Profit After Tax	803.14	637.43	307.56	360.55	270.39

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 Karda Construction IPO retail investors (RII) are offered 21,50,000 shares while in Sandhar Technologies IPO retail investors are offered 21,50,000 shares. Qualified institutional buyers (QIB) are offered 4,30,000 shares in Karda Construction IPO and 30,85,505 shares in Sandhar Technologies IPO.

	Karda Construction IPO	Sandhar Technologies IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	4,30,000 shares	30,85,505 shares
NII	17,20,000 shares	23,36,147 shares
RII	21,50,000 shares	54,51,009 shares
Employee
Others
Total	43,00,000 shares	1,08,72,661 shares

Bids Received (Subscription)

Karda Construction IPO subscribed 2.53x in total, whereas Sandhar Technologies IPO subscribed 6.14x.

	Karda Construction IPO	Sandhar Technologies IPO
QIB (times)	1.55x	14.50x
NII (times)	3.44x	6.39x
Big NII (times)
Small NII (times)
RII (times)	2.01x	1.31x
Employee (times)
Other (times)
Total (times)	2.53x	6.14x

Compare with others

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

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