Rail Vikas IPO vs Sterling and Wilson IPO

Comparision between Rail Vikas IPO and Sterling and Wilson IPO.

IPO Details

Rail Vikas 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.

	Rail Vikas 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	Elara Capital (India) Private Limited Idbi Capital Market Services Limited Yes Bank 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 Rail Vikas IPO is up to ₹481.57 Cr whereas the issue size of the Sterling and Wilson IPO is up to ₹3,145.16 Cr. The final issue price of Rail Vikas IPO is ₹19.00 per share and of Sterling and Wilson IPO is ₹780.00 per share.

	Rail Vikas IPO	Sterling and Wilson IPO
Face Value	₹10 per share	₹1 per share
Issue Price (Lower)	₹17.00 per share	₹775.00 per share
Issue Price (Upper)	₹19.00 per share	₹780.00 per share
Issue Price (Final)	₹19.00 per share	₹780.00 per share
Discount (Retail)	₹0.50 per share
Discount (Employee)	₹0.50 per share
Market Lot Size	780 shares	19 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)		up to ₹3,125.00 Cr
Issue Size Total	25,34,57,280 shares	4,03,22,580 shares
Issue Size Total (Amount)	up to ₹481.57 Cr	up to ₹3,145.16 Cr

IPO Timetable

Rail Vikas IPO opens on Mar 29, 2019, while Sterling and Wilson IPO opens on Aug 06, 2019. The closing date of Rail Vikas IPO and Sterling and Wilson IPO is Apr 03, 2019, and Aug 08, 2019, respectively.

	Rail Vikas IPO	Sterling and Wilson IPO
Anchor Bid Date
Issue Open	Mar 29, 2019	Aug 06, 2019
Issue Close	Apr 03, 2019	Aug 08, 2019
Basis Of Allotment (Tentative)	Apr 08, 2019	Aug 14, 2019
Initiation of Refunds (Tentative)	Apr 09, 2019	Aug 16, 2019
Credit of Share (Tentative)	Apr 09, 2019	Aug 19, 2019
Listing date (Tentative)	Apr 11, 2019	Aug 20, 2019
Anchor Lockin End date 1	May 08, 2019	Sep 13, 2019
Anchor Lockin End date 2	Jul 07, 2019	Nov 12, 2019

Financials

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

Rail Vikas IPO

Sterling and Wilson IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. 10 Lakhs)
	30-Sep-18	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	87,324.10	85,685.46	88,595.72	222,156.75	161,353.72
Total Revenue	36,228.82	75,973.58	59,151.06	45,398.54	31,465.35
Profit After Tax	2,536.20	5,699.20	4,434.62	4,294.34	3,368.49

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)

75%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Rail Vikas IPO retail investors (RII) are offered 8,84,80,000 shares while in Sterling and Wilson IPO retail investors are offered 8,84,80,000 shares. Qualified institutional buyers (QIB) are offered 12,64,00,000 shares in Rail Vikas IPO and 3,02,41,935 shares in Sterling and Wilson IPO.

	Rail Vikas IPO	Sterling and Wilson IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	12,64,00,000 shares	3,02,41,935 shares
NII	3,79,20,000 shares	60,48,387 shares
RII	8,84,80,000 shares	40,32,258 shares
Employee	6,57,280 shares
Others
Total	25,34,57,280 shares	4,03,22,580 shares

Bids Received (Subscription)

Rail Vikas IPO subscribed 1.82x in total, whereas Sterling and Wilson IPO subscribed 0.85x.

	Rail Vikas IPO	Sterling and Wilson IPO
QIB (times)	1.36x	1.02x
NII (times)	0.80x	0.89x
Big NII (times)
Small NII (times)
RII (times)	2.92x	0.30x
Employee (times)	2.11x
Other (times)
Total (times)	1.82x	0.85x

Compare with others

Rail Vikas IPO	Sterling and Wilson IPO
Sterling and Wilson IPO	SBI Cards IPO
Spandana Sphoorty IPO	Ujjivan Bank IPO
Affle IPO	CSB Bank IPO
IndiaMart IPO	IRCTC IPO
Neogen Chemicals IPO	Vishwaraj IPO
Polycab IPO	Spandana Sphoorty IPO
Metropolis IPO	Affle IPO
Embassy Office Parks	IndiaMart IPO
MSTC IPO	Neogen Chemicals IPO
Xelpmoc Design and Tech IPO	Rail Vikas IPO

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