Persistent Systems IPO vs Shree Ganesh IPO

Comparision between Persistent Systems IPO and Shree Ganesh IPO.

IPO Details

Persistent Systems IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Shree Ganesh IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Persistent Systems IPO	Shree Ganesh 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	Axis Bank Limited ICICI Securities Limited
Registrar	Link Intime India Private 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 Persistent Systems IPO is up to ₹168.01 Cr whereas the issue size of the Shree Ganesh IPO is up to ₹371.02 Cr. The final issue price of Persistent Systems IPO is ₹310.00 per share and of Shree Ganesh IPO is ₹260.00 per share.

	Persistent Systems IPO	Shree Ganesh IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹290.00 per share	₹260.00 per share
Issue Price (Upper)	₹310.00 per share	₹270.00 per share
Issue Price (Final)	₹310.00 per share	₹260.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	20 shares	25 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	54,19,706 shares	1,42,69,831 shares
Issue Size Total (Amount)	up to ₹168.01 Cr	up to ₹371.02 Cr

IPO Timetable

Persistent Systems IPO opens on Mar 17, 2010, while Shree Ganesh IPO opens on Mar 19, 2010. The closing date of Persistent Systems IPO and Shree Ganesh IPO is Mar 19, 2010, and Mar 23, 2010, respectively.

	Persistent Systems IPO	Shree Ganesh IPO
Anchor Bid Date
Issue Open	Mar 17, 2010	Mar 19, 2010
Issue Close	Mar 19, 2010	Mar 23, 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

Persistent Systems IPO P/E ratio is , as compared to Shree Ganesh IPO P/E ratio of .

Persistent Systems IPO

Shree Ganesh IPO

Financial

Particulars	For the year/period ended (Rs. in million)
	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06	31-Mar-05
Total Income	6,006.84	4,504.66	3,177.15	2,188.19	1,488.48
Profit After Tax (PAT)	667.64	833.84	572.41	368.14	340.68

Particulars	For the year/period ended (Rs.in Lakhs)
	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06	31-Mar-05
Total Income	221,819.95	128,302.64	82,724.81	12,714.59	5,637.87
Profit After Tax (PAT)	13,245.07	8,717.69	5 ,084.05	1,118.99	52.97

Promoter Shareholding (Pre-Issue)

43.34%

88.32%

Promoter Shareholding (Post-Issue)

38.85%

70.66%

P/E Ratio

Market Cap

ROE

18.5%%

ROCE

42.8%%

Debt/Equity

EPS

RoNW

18.55%%

33.31%%

Shares Offered

In the Persistent Systems IPO retail investors (RII) are offered 14,63,319 shares while in Shree Ganesh IPO retail investors are offered 14,63,319 shares. Qualified institutional buyers (QIB) are offered 29,26,638 shares in Persistent Systems IPO and 60,61,924 shares in Shree Ganesh IPO.

	Persistent Systems IPO	Shree Ganesh IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	29,26,638 shares	60,61,924 shares
NII	4,87,773 shares	14,26,983 shares
RII	14,63,319 shares	42,80,949 shares
Employee	5,41,976 shares
Others
Total	54,19,706 shares	1,17,69,856 shares

Bids Received (Subscription)

Persistent Systems IPO subscribed 93.60x in total, whereas Shree Ganesh IPO subscribed 1.96x.

	Persistent Systems IPO	Shree Ganesh IPO
QIB (times)	144.43x	1.38x
NII (times)	107.73x	6.13x
Big NII (times)
Small NII (times)
RII (times)	21.69x	1.39x
Employee (times)	0.61x
Other (times)
Total (times)	93.60x	1.96x

Compare with others

Persistent Systems IPO	Shree Ganesh IPO
Tarapur Transformers IPO	Nitesh Estates IPO
Talwalkars IPO	Tarapur Transformers IPO
Goenka IPO	Talwalkars IPO
Intrasoft IPO	Goenka IPO
Shree Ganesh IPO	Intrasoft IPO
ILFS Transportation IPO	Persistent Systems IPO
Pradip Overseas IPO	ILFS Transportation IPO
DQ Entertainment IPO	Pradip Overseas IPO
NMDC FPO	DQ Entertainment IPO
United Bank of India IPO	NMDC FPO

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