MOIL IPO vs Shipping Corporation FPO

Comparision between MOIL IPO and Shipping Corporation FPO.

IPO Details

MOIL IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Shipping Corporation FPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	MOIL IPO	Shipping Corporation FPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	FPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Edelweiss Financial Services Ltd Idbi Capital Market Services Limited J.P. Morgan India Private Limited	ICICI Securities Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) SBI Capital Markets Limited
Registrar	Kfin Technologies Limited	Kfin Technologies 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 MOIL IPO is up to ₹1,237.51 Cr whereas the issue size of the Shipping Corporation FPO is up to ₹1,164.73 Cr. The final issue price of MOIL IPO is ₹375.00 per share and of Shipping Corporation FPO is ₹140.00 per share.

	MOIL IPO	Shipping Corporation FPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹340.00 per share	₹135.00 per share
Issue Price (Upper)	₹375.00 per share	₹140.00 per share
Issue Price (Final)	₹375.00 per share	₹140.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	17 shares	50 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	3,36,00,000 shares	8,46,90,730 shares
Issue Size Total (Amount)	up to ₹1,237.51 Cr	up to ₹1,164.73 Cr

IPO Timetable

MOIL IPO opens on Nov 26, 2010, while Shipping Corporation FPO opens on Nov 30, 2010. The closing date of MOIL IPO and Shipping Corporation FPO is Dec 01, 2010, and Dec 03, 2010, respectively.

	MOIL IPO	Shipping Corporation FPO
Anchor Bid Date
Issue Open	Nov 26, 2010	Nov 30, 2010
Issue Close	Dec 01, 2010	Dec 03, 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

MOIL IPO P/E ratio is , as compared to Shipping Corporation FPO P/E ratio of .

MOIL IPO

Shipping Corporation FPO

Financial

Particulars	For the year/period ended (in Rs. Millions)
	31-Mar-10	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06
Total Income	10,878.53	14,394.09	10,154.48	4,167.41	3,637.37
Profit After Tax (PAT)	4,663.46	6,637.93	4,798.15	1,342.09	1,145.17

Particulars	For the year/period ended (in Rs. million)
	31-Mar-10	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06
Total Income	39,062	45,578	40,318	42,009	38,476
Profit After Tax (PAT)	3,934	9,595	7,546	10,161	11,166

Promoter Shareholding (Pre-Issue)

100%

80.12%

Promoter Shareholding (Post-Issue)

80%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

27.77%%

6.08%%

Shares Offered

In the MOIL IPO retail investors (RII) are offered 1,15,24,800 shares while in Shipping Corporation FPO retail investors are offered 1,15,24,800 shares. Qualified institutional buyers (QIB) are offered 1,64,64,000 shares in MOIL IPO and 4,21,33,638 shares in Shipping Corporation FPO.

	MOIL IPO	Shipping Corporation FPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,64,64,000 shares	4,21,33,638 shares
NII	49,39,200 shares	1,26,40,091 shares
RII	1,15,24,800 shares	2,94,93,547 shares
Employee	6,72,000 shares	4,23,454 shares
Others
Total	3,36,00,000 shares	8,46,90,730 shares

Bids Received (Subscription)

MOIL IPO subscribed 56.43x in total, whereas Shipping Corporation FPO subscribed 4.92x.

	MOIL IPO	Shipping Corporation FPO
QIB (times)	49.16x	4.19x
NII (times)	143.30x	3.67x
Big NII (times)
Small NII (times)
RII (times)	32.86x	6.56x
Employee (times)	0.57x	0.15x
Other (times)
Total (times)	56.43x	4.92x

Compare with others

MOIL IPO	Shipping Corporation FPO
Punjab & Sind Bank IPO	Shekhawati IPO
A2Z Maintenance IPO	Punjab & Sind Bank IPO
Ravikumar Distilleries IPO	A2Z Maintenance IPO
Claris IPO	Ravikumar Distilleries IPO
Shipping Corporation FPO	Claris IPO
RPP Infra IPO	MOIL IPO
Gravita IPO	RPP Infra IPO
Power Grid FPO	Gravita IPO
Gyscoal Alloys IPO	Power Grid FPO
Prestige Estates IPO	Gyscoal Alloys IPO

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