Prakash Steelage IPO vs SKS Microfinance IPO

Comparision between Prakash Steelage IPO and SKS Microfinance IPO.

IPO Details

Prakash Steelage 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.

	Prakash Steelage 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	Keynote Financial Services Ltd	Citigroup Global Markets India Private Limited Kotak Mahindra Capital Company Limited
Registrar	Bigshare Services Pvt Ltd	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 Prakash Steelage IPO is up to ₹68.75 Cr whereas the issue size of the SKS Microfinance IPO is up to ₹1,628.78 Cr. The final issue price of Prakash Steelage IPO is ₹110.00 per share and of SKS Microfinance IPO is ₹985.00 per share.

	Prakash Steelage IPO	SKS Microfinance IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹100.00 per share	₹850.00 per share
Issue Price (Upper)	₹110.00 per share	₹985.00 per share
Issue Price (Final)	₹110.00 per share	₹985.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	60 shares	7 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	62,50,000 shares	1,67,91,579 shares
Issue Size Total (Amount)	up to ₹68.75 Cr	up to ₹1,628.78 Cr

IPO Timetable

Prakash Steelage IPO opens on Aug 05, 2010, while SKS Microfinance IPO opens on Jul 28, 2010. The closing date of Prakash Steelage IPO and SKS Microfinance IPO is Aug 10, 2010, and Aug 02, 2010, respectively.

	Prakash Steelage IPO	SKS Microfinance IPO
Anchor Bid Date
Issue Open	Aug 05, 2010	Jul 28, 2010
Issue Close	Aug 10, 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

Prakash Steelage IPO P/E ratio is , as compared to SKS Microfinance IPO P/E ratio of .

Prakash Steelage IPO

SKS Microfinance IPO

Financial

Particulars	For the year/period ended (Rs. in Lacs)
	30-Sep-09	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06	31-Mar-05
Total Income	19,191.02	32,247.36	23,238.20	16,005.63	9,894.02	6,147.99
Profit After Tax (PAT)	746.10	749.71	820.38	314.30	81.00	33.81

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)

64.29%

37.1%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

35.03%%

18.4%%

Shares Offered

In the Prakash Steelage IPO retail investors (RII) are offered 21,52,500 shares while in SKS Microfinance IPO retail investors are offered 21,52,500 shares. Qualified institutional buyers (QIB) are offered 30,75,000 shares in Prakash Steelage IPO and 70,52,464 shares in SKS Microfinance IPO.

	Prakash Steelage IPO	SKS Microfinance IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	30,75,000 shares	70,52,464 shares
NII	9,22,500 shares	16,79,157 shares
RII	21,52,500 shares	50,37,474 shares
Employee	1,00,000 shares
Others
Total	62,50,000 shares	1,37,69,095 shares

Bids Received (Subscription)

Prakash Steelage IPO subscribed 4.53x in total, whereas SKS Microfinance IPO subscribed 13.69x.

	Prakash Steelage IPO	SKS Microfinance IPO
QIB (times)	1.27x	20.38x
NII (times)	10.91x	18.26x
Big NII (times)
Small NII (times)
RII (times)	6.62x	2.81x
Employee (times)	1.02x
Other (times)
Total (times)	4.53x	13.69x

Compare with others

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

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