Readymade Steel India IPO vs SRS IPO

Comparision between Readymade Steel India IPO and SRS IPO.

IPO Details

Readymade Steel India IPO is a Mainline Book Built Issue IPO proposed to list at BSE while SRS IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Readymade Steel India IPO	SRS IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE	BSE, NSE
Lead Managers	Arihant Capital Markets Ltd	Idbi Capital Market Services Limited Karvy Investor Services Limited Spa Capital Advisors Ltd
Registrar	Bigshare Services Pvt Ltd	Beetal Financial & Computer Services (P) 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 Readymade Steel India IPO is up to ₹34.75 Cr whereas the issue size of the SRS IPO is up to ₹203.00 Cr. The final issue price of Readymade Steel India IPO is ₹108.00 per share and of SRS IPO is ₹58.00 per share.

	Readymade Steel India IPO	SRS IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹90.00 per share	₹58.00 per share
Issue Price (Upper)	₹108.00 per share	₹65.00 per share
Issue Price (Final)	₹108.00 per share	₹58.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	60 shares	100 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	32,17,157 shares	3,50,00,000 shares
Issue Size Total (Amount)	up to ₹34.75 Cr	up to ₹203.00 Cr

IPO Timetable

Readymade Steel India IPO opens on Jun 27, 2011, while SRS IPO opens on Aug 23, 2011. The closing date of Readymade Steel India IPO and SRS IPO is Jun 29, 2011, and Aug 26, 2011, respectively.

	Readymade Steel India IPO	SRS IPO
Anchor Bid Date
Issue Open	Jun 27, 2011	Aug 23, 2011
Issue Close	Jun 29, 2011	Aug 26, 2011
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

Readymade Steel India IPO P/E ratio is , as compared to SRS IPO P/E ratio of .

Readymade Steel India IPO

SRS IPO

Financial

Particulars	For the year/period ended (in Rs. Million)
	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08	31-Mar-07
Total Income	20,775.34	13,298.62	5,144.58	1,877.95	595.55
Profit After Tax (PAT)	373.88	261.57	55.91	104.75	101.11

Promoter Shareholding (Pre-Issue)

88.83%

98.89%

Promoter Shareholding (Post-Issue)

64.44%

74.04%

P/E Ratio

Market Cap

ROE

ROCE

13.6%%

Debt/Equity

EPS

RoNW

5.14%%

11.9%%

Shares Offered

In the Readymade Steel India IPO retail investors (RII) are offered 13,51,206 shares while in SRS IPO retail investors are offered 13,51,206 shares. Qualified institutional buyers (QIB) are offered 19,30,294 shares in Readymade Steel India IPO and 1,75,00,000 shares in SRS IPO.

	Readymade Steel India IPO	SRS IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	19,30,294 shares	1,75,00,000 shares
NII	5,79,088 shares	52,50,000 shares
RII	13,51,206 shares	1,22,50,000 shares
Employee
Others
Total	38,60,588 shares	3,50,00,000 shares

Bids Received (Subscription)

Readymade Steel India IPO subscribed 1.68x in total, whereas SRS IPO subscribed 1.25x.

	Readymade Steel India IPO	SRS IPO
QIB (times)	0.03x	0.75x
NII (times)	1.37x	5.11x
Big NII (times)
Small NII (times)
RII (times)	4.18x	0.32x
Employee (times)
Other (times)
Total (times)	1.68x	1.25x

Compare with others

Readymade Steel India IPO	SRS IPO
Tree House IPO	Prakash Constrowell IPO
SRS IPO	PG Electroplast IPO
Inventure Securities IPO	TD Power IPO
L&T Finance IPO	Brooks Labs IPO
Bharatiya Global Infomedia IPO	Tree House IPO
Rushil Decor IPO	Inventure Securities IPO
Birla Pacific Medspa IPO	L&T Finance IPO
VMS Industries IPO	Bharatiya Global Infomedia IPO
Timbor Home IPO	Readymade Steel India IPO
Aanjaneya IPO	Rushil Decor IPO

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