Sudar IPO vs Tata Steel FPO

Comparision between Sudar IPO and Tata Steel FPO.

IPO Details

Sudar IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Tata Steel FPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Sudar IPO	Tata Steel FPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	FPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Ashika Capital Ltd	Citigroup Global Markets India Private Limited Deutsche Equities India Private Limited Hsbc Securities & Capital Markets Pvt Ltd Kotak Mahindra Capital Company Limited SBI Capital Markets Limited Standard Chartered Securities (India) Limited
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL		IPO Allotment URL

Issue Size and Price

The total issue size of Sudar IPO is up to ₹69.98 Cr whereas the issue size of the Tata Steel FPO is up to ₹3,477.00 Cr. The final issue price of Sudar IPO is ₹77.00 per share and of Tata Steel FPO is ₹610.00 per share.

	Sudar IPO	Tata Steel FPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹72.00 per share	₹594.00 per share
Issue Price (Upper)	₹77.00 per share	₹610.00 per share
Issue Price (Final)	₹77.00 per share	₹610.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	81 shares	10 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	90,88,000 shares	5,70,00,000 shares
Issue Size Total (Amount)	up to ₹69.98 Cr	up to ₹3,477.00 Cr

IPO Timetable

Sudar IPO opens on Feb 21, 2011, while Tata Steel FPO opens on Jan 19, 2011. The closing date of Sudar IPO and Tata Steel FPO is Feb 24, 2011, and Jan 21, 2011, respectively.

	Sudar IPO	Tata Steel FPO
Anchor Bid Date
Issue Open	Feb 21, 2011	Jan 19, 2011
Issue Close	Feb 24, 2011	Jan 21, 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

Sudar IPO P/E ratio is , as compared to Tata Steel FPO P/E ratio of .

Sudar IPO

Tata Steel FPO

Financial

Particulars	For the year/period ended (in Rs. Lacs)
	30-Sep-10	31-Mar-10	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06
Total Income	5260.26	5397.29	2089.93	888.96	863.28	630.82
Profit After Tax (PAT)	407.69	411.26	58.81	27.58	10.52	(0.91)

Particulars	For the year/period ended (in Rs. Million)
	30-Sep-10	31-Mar-10	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06
Total Income	567,136.1	1,035,789.7	1,475,949.3	1,320,094.9	254,317.4	204,583.9
Profit After Tax (PAT)	37,584.2	(21,208.4)	48,492.4	123,217.6	41,656.1	37,210.7

Promoter Shareholding (Pre-Issue)

90.09%

32.69%

Promoter Shareholding (Post-Issue)

45.94%

P/E Ratio

Market Cap

ROE

31.8%%

ROCE

22.1%%

Debt/Equity

EPS

RoNW

21.3%%

13.4%%

Shares Offered

In the Sudar IPO retail investors (RII) are offered 31,80,800 shares while in Tata Steel FPO retail investors are offered 31,80,800 shares. Qualified institutional buyers (QIB) are offered 45,44,000 shares in Sudar IPO and 1,94,25,000 shares in Tata Steel FPO.

	Sudar IPO	Tata Steel FPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	45,44,000 shares	1,94,25,000 shares
NII	13,63,200 shares	83,25,000 shares
RII	31,80,800 shares	1,94,25,000 shares
Employee		15,00,000 shares
Others
Total	90,88,000 shares	4,86,75,000 shares

Bids Received (Subscription)

Sudar IPO subscribed 1.55x in total, whereas Tata Steel FPO subscribed 6.03x.

	Sudar IPO	Tata Steel FPO
QIB (times)	0.17x	10.41x
NII (times)	4.47x	7.21x
Big NII (times)
Small NII (times)
RII (times)	2.27x	1.60x
Employee (times)		0.06x
Other (times)
Total (times)	1.55x	6.03x

Compare with others

Sudar IPO	Tata Steel FPO
Muthoot IPO	Lovable Lingeries IPO
Shilpi Cables IPO	Acropetal IPO
PTC India IPO	Sudar IPO
Lovable Lingeries IPO	Fineotex IPO
Acropetal IPO	Omkar speciality IPO
Fineotex IPO	Midvalley Entertainment IPO
Omkar speciality IPO	C Mahendra IPO
Tata Steel FPO	Shekhawati IPO
Midvalley Entertainment IPO	Punjab & Sind Bank IPO
C Mahendra IPO	A2Z Maintenance IPO

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