Bajaj Corp IPO vs SKS Microfinance IPO

Comparision between Bajaj Corp IPO and SKS Microfinance IPO.

IPO Details

Bajaj Corp IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while SKS Microfinance IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Bajaj Corp IPO	SKS Microfinance 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	Kotak Mahindra Capital Company Limited	Citigroup Global Markets India Private Limited Kotak Mahindra Capital Company 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 Bajaj Corp IPO is up to ₹297.00 Cr whereas the issue size of the SKS Microfinance IPO is up to ₹1,628.78 Cr. The final issue price of Bajaj Corp IPO is ₹660.00 per share and of SKS Microfinance IPO is ₹985.00 per share.

	Bajaj Corp IPO	SKS Microfinance IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹630.00 per share	₹850.00 per share
Issue Price (Upper)	₹660.00 per share	₹985.00 per share
Issue Price (Final)	₹660.00 per share	₹985.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	10 shares	7 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	45,00,000 shares	1,67,91,579 shares
Issue Size Total (Amount)	up to ₹297.00 Cr	up to ₹1,628.78 Cr

IPO Timetable

Bajaj Corp IPO opens on Aug 02, 2010, while SKS Microfinance IPO opens on Jul 28, 2010. The closing date of Bajaj Corp IPO and SKS Microfinance IPO is Aug 05, 2010, and Aug 02, 2010, respectively.

	Bajaj Corp IPO	SKS Microfinance IPO
Anchor Bid Date
Issue Open	Aug 02, 2010	Jul 28, 2010
Issue Close	Aug 05, 2010	Aug 02, 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

Bajaj Corp IPO P/E ratio is , as compared to SKS Microfinance IPO P/E ratio of .

Bajaj Corp IPO

SKS Microfinance IPO

Financial

Particulars	For the year/period ended (Rs. in Millions)
	31-Dec-09	31-Mar-09	31-Mar-08
Total Income	2,391.97	2,520.26	0.01
Profit After Tax (PAT)	564.97	469.92	(0.63)

Particulars	For the year/period ended (Rs. in Millions)
	30-Sep-09	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06	31-Mar-05
Total Income	3,846.88	5,539.99	1,700.08	456.66	99.44	0.70
Profit After Tax (PAT)	559.01	801.96	166.62	22.06	16.47	0.38

Promoter Shareholding (Pre-Issue)

100%

55.8%

Promoter Shareholding (Post-Issue)

84.75%

37.1%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

327.66%%

18.4%%

Shares Offered

In the Bajaj Corp IPO retail investors (RII) are offered 13,50,000 shares while in SKS Microfinance IPO retail investors are offered 13,50,000 shares. Qualified institutional buyers (QIB) are offered 18,90,000 shares in Bajaj Corp IPO and 70,52,464 shares in SKS Microfinance IPO.

	Bajaj Corp IPO	SKS Microfinance IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	18,90,000 shares	70,52,464 shares
NII	4,50,000 shares	16,79,157 shares
RII	13,50,000 shares	50,37,474 shares
Employee
Others
Total	36,90,000 shares	1,37,69,095 shares

Bids Received (Subscription)

Bajaj Corp IPO subscribed 19.29x in total, whereas SKS Microfinance IPO subscribed 13.69x.

	Bajaj Corp IPO	SKS Microfinance IPO
QIB (times)	20.19x	20.38x
NII (times)	53.49x	18.26x
Big NII (times)
Small NII (times)
RII (times)	6.62x	2.81x
Employee (times)
Other (times)
Total (times)	19.29x	13.69x

Compare with others

Bajaj Corp IPO	SKS Microfinance IPO
Indosolar IPO	VA Tech IPO
VA Tech IPO	Coal India IPO
Coal India IPO	Gujarat Pipavav IPO
Gujarat Pipavav IPO	Prakash Steelage IPO
Prakash Steelage IPO	Bajaj Corp IPO
SKS Microfinance IPO	Engineers India FPO
Engineers India FPO	Midfield Industries IPO
Midfield Industries IPO	Hindustan Media IPO
Hindustan Media IPO	Aster Silicates IPO
Aster Silicates IPO	Technofab IPO

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