Fine Organic IPO vs TCNS Clothing IPO

Comparision between Fine Organic IPO and TCNS Clothing IPO.

IPO Details

Fine Organic IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while TCNS Clothing IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Fine Organic IPO	TCNS Clothing 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	Edelweiss Financial Services Ltd Jm Financial Limited	Citigroup Global Markets India Private Limited Kotak Mahindra Capital Company Limited
Registrar	Kfin Technologies Limited	Kfin Technologies 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 Fine Organic IPO is up to ₹600.20 Cr whereas the issue size of the TCNS Clothing IPO is up to ₹1,125.13 Cr. The final issue price of Fine Organic IPO is ₹783.00 per share and of TCNS Clothing IPO is ₹716.00 per share.

	Fine Organic IPO	TCNS Clothing IPO
Face Value	₹5 per share	₹2 per share
Issue Price (Lower)	₹780.00 per share	₹714.00 per share
Issue Price (Upper)	₹783.00 per share	₹716.00 per share
Issue Price (Final)	₹783.00 per share	₹716.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	19 shares	20 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size		1,57,14,038 shares
OFS Issue Size (Amount)
Issue Size Total	76,64,994 shares	1,57,14,038 shares
Issue Size Total (Amount)	up to ₹600.20 Cr	up to ₹1,125.13 Cr

IPO Timetable

Fine Organic IPO opens on Jun 20, 2018, while TCNS Clothing IPO opens on Jul 18, 2018. The closing date of Fine Organic IPO and TCNS Clothing IPO is Jun 22, 2018, and Jul 20, 2018, respectively.

	Fine Organic IPO	TCNS Clothing IPO
Anchor Bid Date
Issue Open	Jun 20, 2018	Jul 18, 2018
Issue Close	Jun 22, 2018	Jul 20, 2018
Basis Of Allotment (Tentative)	Jun 27, 2018	Jul 25, 2018
Initiation of Refunds (Tentative)	Jun 28, 2018	Jul 26, 2018
Credit of Share (Tentative)	Jun 28, 2018	Jul 27, 2018
Listing date (Tentative)	Jul 02, 2018	Jul 30, 2018
Anchor Lockin End date 1	Jul 27, 2018	Aug 24, 2018
Anchor Lockin End date 2	Sep 25, 2018	Oct 23, 2018

Financials

Fine Organic IPO P/E ratio is , as compared to TCNS Clothing IPO P/E ratio of .

Fine Organic IPO

TCNS Clothing IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Millions)
	31-Dec-17	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	4,835.99	4,576.40	4,228.49	3,776.57	3,411.16	2,553.78
Total Revenue	5,928.23	7,892.24	6,661.22	6,180.49	5,746.49	4,975.10
Profit After Tax	625.89	794.76	769.64	590.91	626.12	208.97

Summary of financial Information (Restated Standalone)
Particulars	For the year/period ended (in Rs. Million)
	31-Mar-18	31-Mar-17	31-Mar-16 (Proforma)
Total Assets	5,763.59	4,258.04	3,087.843
Total Revenue	8,491.57	7,129.73	4,881.35
Profit After Tax	980.97	157.97	(414.96)

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Fine Organic IPO retail investors (RII) are offered 26,82,748 shares while in TCNS Clothing IPO retail investors are offered 26,82,748 shares. Qualified institutional buyers (QIB) are offered 15,32,999 shares in Fine Organic IPO and 34,12,808 shares in TCNS Clothing IPO.

	Fine Organic IPO	TCNS Clothing IPO
Anchor Investor Reserveration		47,14,210 shares
Market Maker Reserveration
QIB	15,32,999 shares	34,12,808 shares
NII	11,49,750 shares	23,57,106 shares
RII	26,82,748 shares	54,99,914 shares
Employee		0 shares
Others
Total	53,65,497 shares	1,12,69,828 shares

Bids Received (Subscription)

Fine Organic IPO subscribed 8.77x in total, whereas TCNS Clothing IPO subscribed 5.22x.

	Fine Organic IPO	TCNS Clothing IPO
QIB (times)	12.85x	13.47x
NII (times)	21.00x	5.08x
Big NII (times)
Small NII (times)
RII (times)	1.19x	0.57x
Employee (times)
Other (times)
Total (times)	8.77x	5.22x

Compare with others

Fine Organic IPO	TCNS Clothing IPO
Chalet Hotels Limited IPO	Xelpmoc Design and Tech IPO
TCNS Clothing IPO	Aavas Financiers IPO
CreditAccess Grameen IPO	IRCON International IPO
HDFC AMC IPO	Garden Reach Shipbuilders IPO
Varroc Engineering IPO	Chalet Hotels Limited IPO
RITES Limited IPO	CreditAccess Grameen IPO
IndoStar Capital Finance IPO	HDFC AMC IPO
Lemon Tree Hotels IPO	Varroc Engineering IPO
ICICI Securities IPO	Fine Organic IPO
Mishra Dhatu Nigam IPO	RITES Limited IPO

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