SRS IPO vs TD Power IPO

Comparision between SRS IPO and TD Power IPO.

IPO Details

SRS IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while TD Power IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	SRS IPO	TD Power 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	Idbi Capital Market Services Limited Karvy Investor Services Limited Spa Capital Advisors Ltd	Antique Capital Markets Pvt Ltd Axis Capital Limited
Registrar	Beetal Financial & Computer Services (P) Limited	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 SRS IPO is up to ₹203.00 Cr whereas the issue size of the TD Power IPO is up to ₹227.00 Cr. The final issue price of SRS IPO is ₹58.00 per share and of TD Power IPO is ₹256.00 per share.

	SRS IPO	TD Power IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹58.00 per share	₹256.00 per share
Issue Price (Upper)	₹65.00 per share	₹261.00 per share
Issue Price (Final)	₹58.00 per share	₹256.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	100 shares	25 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	3,50,00,000 shares	88,67,188 shares
Issue Size Total (Amount)	up to ₹203.00 Cr	up to ₹227.00 Cr

IPO Timetable

SRS IPO opens on Aug 23, 2011, while TD Power IPO opens on Aug 24, 2011. The closing date of SRS IPO and TD Power IPO is Aug 26, 2011, and Aug 26, 2011, respectively.

	SRS IPO	TD Power IPO
Anchor Bid Date
Issue Open	Aug 23, 2011	Aug 24, 2011
Issue Close	Aug 26, 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

SRS IPO P/E ratio is , as compared to TD Power IPO P/E ratio of .

SRS IPO

TD Power 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

Particulars	For the year/period ended (in Rs. Millions)
	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08	31-Mar-07
Total Income	4,948.23	4,388.00	4,759.57	5,333.40	4,274.80
Profit After Tax (PAT)	416.40	330.24	365.93	355.61	161.15

Promoter Shareholding (Pre-Issue)

98.89%

89.45%

Promoter Shareholding (Post-Issue)

74.04%

65.59%

P/E Ratio

Market Cap

ROE

ROCE

13.6%%

Debt/Equity

EPS

RoNW

11.9%%

30.25%%

Shares Offered

In the SRS IPO retail investors (RII) are offered 1,22,50,000 shares while in TD Power IPO retail investors are offered 1,22,50,000 shares. Qualified institutional buyers (QIB) are offered 1,75,00,000 shares in SRS IPO and 31,29,042 shares in TD Power IPO.

	SRS IPO	TD Power IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,75,00,000 shares	31,29,042 shares
NII	52,50,000 shares	13,30,079 shares
RII	1,22,50,000 shares	31,03,516 shares
Employee
Others
Total	3,50,00,000 shares	75,62,637 shares

Bids Received (Subscription)

SRS IPO subscribed 1.25x in total, whereas TD Power IPO subscribed 2.92x.

	SRS IPO	TD Power IPO
QIB (times)	0.75x	6.52x
NII (times)	5.11x	0.38x
Big NII (times)
Small NII (times)
RII (times)	0.32x	0.38x
Employee (times)
Other (times)
Total (times)	1.25x	2.92x

Compare with others

SRS IPO	TD Power IPO
Prakash Constrowell IPO	RDB Rasayans IPO
PG Electroplast IPO	Tijaria Polypipes IPO
TD Power IPO	Taksheel Solutions IPO
Brooks Labs IPO	Prakash Constrowell IPO
Tree House IPO	PG Electroplast IPO
Inventure Securities IPO	Brooks Labs IPO
L&T Finance IPO	Tree House IPO
Bharatiya Global Infomedia IPO	SRS IPO
Readymade Steel India IPO	Inventure Securities IPO
Rushil Decor IPO	L&T Finance IPO

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