POWERGRID InvIT IPO April 2021 vs Sona Comstar IPO

Comparision between POWERGRID InvIT IPO April 2021 and Sona Comstar IPO.

IPO Details

POWERGRID InvIT IPO April 2021 is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Sona Comstar IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	POWERGRID InvIT IPO April 2021	Sona Comstar IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	InvIT	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Axis Capital Limited Edelweiss Financial Services Ltd Hsbc Securities & Capital Markets Pvt Ltd ICICI Securities Limited	Credit Suisse Securities (India) Private Limited J.P. Morgan India Private Limited Jm Financial Limited Kotak Mahindra Capital Company Limited Nomura Financial Advisory And Securities (India) Pvt Ltd
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 POWERGRID InvIT IPO April 2021 is up to ₹7,734.99 Cr whereas the issue size of the Sona Comstar IPO is up to ₹5,550.00 Cr. The final issue price of POWERGRID InvIT IPO April 2021 is ₹100.00 per share and of Sona Comstar IPO is ₹291.00 per share.

	POWERGRID InvIT IPO April 2021	Sona Comstar IPO
Face Value	₹100 per share	₹10 per share
Issue Price (Lower)	₹99.00 per share	₹285.00 per share
Issue Price (Upper)	₹100.00 per share	₹291.00 per share
Issue Price (Final)	₹100.00 per share	₹291.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1100 shares	51 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹4,993.48 Cr	up to ₹300.00 Cr
OFS Issue Size
OFS Issue Size (Amount)	up to ₹2,741.51 Cr	up to ₹5,250.00 Cr
Issue Size Total
Issue Size Total (Amount)	up to ₹7,734.99 Cr	up to ₹5,550.00 Cr

IPO Timetable

POWERGRID InvIT IPO April 2021 opens on Apr 29, 2021, while Sona Comstar IPO opens on Jun 14, 2021. The closing date of POWERGRID InvIT IPO April 2021 and Sona Comstar IPO is May 03, 2021, and Jun 16, 2021, respectively.

	POWERGRID InvIT IPO April 2021	Sona Comstar IPO
Anchor Bid Date
Issue Open	Apr 29, 2021	Jun 14, 2021
Issue Close	May 03, 2021	Jun 16, 2021
Basis Of Allotment (Tentative)	May 10, 2021	Jun 21, 2021
Initiation of Refunds (Tentative)	May 11, 2021	Jun 22, 2021
Credit of Share (Tentative)	May 11, 2021	Jun 23, 2021
Listing date (Tentative)	May 14, 2021	Jun 24, 2021
Anchor Lockin End date 1	Jun 09, 2021	Jul 21, 2021
Anchor Lockin End date 2	Aug 08, 2021	Sep 19, 2021

Financials

POWERGRID InvIT IPO April 2021 P/E ratio is , as compared to Sona Comstar IPO P/E ratio of .

POWERGRID InvIT IPO April 2021

Sona Comstar IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in million)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	21,748.30	18,506.82	16,325.57
Total Revenue	15,686.41	10,437.65	7,025.01
Profit After Tax	2,151.65	3,603.43	1,731.80

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

67.30%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the POWERGRID InvIT IPO April 2021 retail investors (RII) are offered 0 shares while in Sona Comstar IPO retail investors are offered 0 shares. Qualified institutional buyers (QIB) are offered 23,20,49,400 shares in POWERGRID InvIT IPO April 2021 and 5,84,21,052 shares in Sona Comstar IPO.

	POWERGRID InvIT IPO April 2021	Sona Comstar IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	23,20,49,400 shares	5,84,21,052 shares
NII	19,33,75,600 shares	2,92,10,526 shares
RII	0 shares	1,94,73,684 shares
Employee	0 shares	0 shares
Others
Total	42,54,25,000 shares	10,71,05,262 shares

Bids Received (Subscription)

POWERGRID InvIT IPO April 2021 subscribed 4.83x in total, whereas Sona Comstar IPO subscribed 2.28x.

	POWERGRID InvIT IPO April 2021	Sona Comstar IPO
QIB (times)	4.63x	3.46x
NII (times)	5.07x	0.39x
Big NII (times)
Small NII (times)
RII (times)		1.58x
Employee (times)
Other (times)
Total (times)	4.83x	2.28x

Compare with others

POWERGRID InvIT IPO April 2021	Sona Comstar IPO
India Pesticides IPO	G R Infraprojects IPO
Ruchi Soya FPO	India Pesticides IPO
KIMS IPO	Ruchi Soya FPO
Dodla Dairy IPO	KIMS IPO
Sona Comstar IPO	Dodla Dairy IPO
Shyam Metalics IPO	POWERGRID InvIT IPO April 2021
Lodha Developers IPO	Shyam Metalics IPO
Barbeque Nation IPO	Lodha Developers IPO
Suryoday Small Finance Bank IPO	Barbeque Nation IPO
Kalyan Jewellers IPO	Suryoday Small Finance Bank IPO

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