IRCTC IPO vs Sterling and Wilson IPO

Comparision between IRCTC IPO and Sterling and Wilson IPO.

IPO Details

IRCTC IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Sterling and Wilson IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	IRCTC IPO	Sterling and Wilson 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 SBI Capital Markets Limited Yes Securities (India) Limited	Axis Capital Limited Credit Suisse Securities (India) Private Limited Deutsche Equities India Private Limited ICICI Securities Limited Iifl Securities Ltd Indusind Bank Limited SBI Capital Markets Limited Yes Securities (India) Limited
Registrar	Alankit Assignments Ltd	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 IRCTC IPO is up to ₹645.12 Cr whereas the issue size of the Sterling and Wilson IPO is up to ₹3,145.16 Cr. The final issue price of IRCTC IPO is ₹320.00 per share and of Sterling and Wilson IPO is ₹780.00 per share.

	IRCTC IPO	Sterling and Wilson IPO
Face Value	₹10 per share	₹1 per share
Issue Price (Lower)	₹315.00 per share	₹775.00 per share
Issue Price (Upper)	₹320.00 per share	₹780.00 per share
Issue Price (Final)	₹320.00 per share	₹780.00 per share
Discount (Retail)	₹10.00 per share
Discount (Employee)	₹10.00 per share
Market Lot Size	40 shares	19 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size	2,01,60,000 shares
OFS Issue Size (Amount)		up to ₹3,125.00 Cr
Issue Size Total	2,01,60,000 shares	4,03,22,580 shares
Issue Size Total (Amount)	up to ₹645.12 Cr	up to ₹3,145.16 Cr

IPO Timetable

IRCTC IPO opens on Sep 30, 2019, while Sterling and Wilson IPO opens on Aug 06, 2019. The closing date of IRCTC IPO and Sterling and Wilson IPO is Oct 03, 2019, and Aug 08, 2019, respectively.

	IRCTC IPO	Sterling and Wilson IPO
Anchor Bid Date
Issue Open	Sep 30, 2019	Aug 06, 2019
Issue Close	Oct 03, 2019	Aug 08, 2019
Basis Of Allotment (Tentative)	Oct 09, 2019	Aug 14, 2019
Initiation of Refunds (Tentative)	Oct 10, 2019	Aug 16, 2019
Credit of Share (Tentative)	Oct 11, 2019	Aug 19, 2019
Listing date (Tentative)	Oct 14, 2019	Aug 20, 2019
Anchor Lockin End date 1	Nov 08, 2019	Sep 13, 2019
Anchor Lockin End date 2	Jan 07, 2020	Nov 12, 2019

Financials

IRCTC IPO P/E ratio is , as compared to Sterling and Wilson IPO P/E ratio of .

IRCTC IPO

Sterling and Wilson IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. 10 Lakhs)
	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	25,837.80	23,191.06	18,264.54
Total Revenue	19,566.60	15,695.60	16,028.50
Profit After Tax	2,725.95	2,206.19	2,290.81

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. 10 Lakhs)
	31-Mar-19	31-Mar-18	31-Dec-17
Total Assets	53,919.19	49,203.81	35,701.70
Total Revenue	82,404.08	68,717.08	32,324.81
Profit After Tax	6,382.33	4,505.35	1,733.62

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

87.40%

75%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the IRCTC IPO retail investors (RII) are offered 70,00,000 shares while in Sterling and Wilson IPO retail investors are offered 70,00,000 shares. Qualified institutional buyers (QIB) are offered 1,00,00,000 shares in IRCTC IPO and 3,02,41,935 shares in Sterling and Wilson IPO.

	IRCTC IPO	Sterling and Wilson IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,00,00,000 shares	3,02,41,935 shares
NII	30,00,000 shares	60,48,387 shares
RII	70,00,000 shares	40,32,258 shares
Employee	1,60,000 shares
Others
Total	2,01,60,000 shares	4,03,22,580 shares

Bids Received (Subscription)

IRCTC IPO subscribed 111.91x in total, whereas Sterling and Wilson IPO subscribed 0.85x.

	IRCTC IPO	Sterling and Wilson IPO
QIB (times)	108.79x	1.02x
NII (times)	354.52x	0.89x
Big NII (times)
Small NII (times)
RII (times)	14.83x	0.30x
Employee (times)	5.81x
Other (times)
Total (times)	111.91x	0.85x

Compare with others

IRCTC IPO	Sterling and Wilson IPO
Equitas Small Finance Bank IPO	SBI Cards IPO
Prince Pipes IPO	Ujjivan Bank IPO
SBI Cards IPO	CSB Bank IPO
Ujjivan Bank IPO	IRCTC IPO
CSB Bank IPO	Vishwaraj IPO
Vishwaraj IPO	Spandana Sphoorty IPO
Sterling and Wilson IPO	Affle IPO
Spandana Sphoorty IPO	IndiaMart IPO
Affle IPO	Neogen Chemicals IPO
IndiaMart IPO	Rail Vikas IPO

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