RITES Limited IPO vs TCNS Clothing IPO

Comparision between RITES Limited IPO and TCNS Clothing IPO.

IPO Details

RITES Limited 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.

	RITES Limited 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	Elara Capital (India) Private Limited Idbi Capital Market Services Limited Idfc Bank Limited SBI Capital Markets Limited	Citigroup Global Markets India Private Limited Kotak Mahindra Capital Company Limited
Registrar	Link Intime India Private Ltd	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 RITES Limited IPO is up to ₹460.51 Cr whereas the issue size of the TCNS Clothing IPO is up to ₹1,125.13 Cr. The final issue price of RITES Limited IPO is ₹185.00 per share and of TCNS Clothing IPO is ₹716.00 per share.

	RITES Limited IPO	TCNS Clothing IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹180.00 per share	₹714.00 per share
Issue Price (Upper)	₹185.00 per share	₹716.00 per share
Issue Price (Final)	₹185.00 per share	₹716.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	80 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	2,52,00,000 shares	1,57,14,038 shares
Issue Size Total (Amount)	up to ₹460.51 Cr	up to ₹1,125.13 Cr

IPO Timetable

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

	RITES Limited 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)		Jul 25, 2018
Initiation of Refunds (Tentative)		Jul 26, 2018
Credit of Share (Tentative)		Jul 27, 2018
Listing date (Tentative)		Jul 30, 2018
Anchor Lockin End date 1		Aug 24, 2018
Anchor Lockin End date 2		Oct 23, 2018

Financials

RITES Limited IPO P/E ratio is , as compared to TCNS Clothing IPO P/E ratio of .

RITES Limited IPO

TCNS Clothing IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Millions)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	48,031.69	44,092.06	36,056.30	36,363.82	32,867.96
Total Revenue	15,637.21	12,267.27	11,591.07	12,234.70	10,830.52
Profit After Tax	3,624.16	2,827.31	3,122.88	2,605.36	2,330.57

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 RITES Limited IPO retail investors (RII) are offered 84,00,000 shares while in TCNS Clothing IPO retail investors are offered 84,00,000 shares. Qualified institutional buyers (QIB) are offered 1,20,00,000 shares in RITES Limited IPO and 34,12,808 shares in TCNS Clothing IPO.

	RITES Limited IPO	TCNS Clothing IPO
Anchor Investor Reserveration		47,14,210 shares
Market Maker Reserveration
QIB	1,20,00,000 shares	34,12,808 shares
NII	36,00,000 shares	23,57,106 shares
RII	84,00,000 shares	54,99,914 shares
Employee	12,00,000 shares	0 shares
Others
Total	2,52,00,000 shares	1,12,69,828 shares

Bids Received (Subscription)

RITES Limited IPO subscribed 66.74x in total, whereas TCNS Clothing IPO subscribed 5.22x.

	RITES Limited IPO	TCNS Clothing IPO
QIB (times)	71.71x	13.47x
NII (times)	194.56x	5.08x
Big NII (times)
Small NII (times)
RII (times)	14.24x	0.57x
Employee (times)	0.96x
Other (times)
Total (times)	66.74x	5.22x

Compare with others

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

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