Microsec Financial IPO vs Tecpro IPO

Comparision between Microsec Financial IPO and Tecpro IPO.

IPO Details

Microsec Financial IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Tecpro IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Microsec Financial IPO	Tecpro 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	SBI Capital Markets Limited	Kotak Mahindra Capital Company Limited SBI Capital Markets 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	IPO Allotment URL

Issue Size and Price

The total issue size of Microsec Financial IPO is up to ₹147.50 Cr whereas the issue size of the Tecpro IPO is up to ₹267.91 Cr. The final issue price of Microsec Financial IPO is ₹118.00 per share and of Tecpro IPO is ₹355.00 per share.

	Microsec Financial IPO	Tecpro IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹113.00 per share	₹340.00 per share
Issue Price (Upper)	₹118.00 per share	₹355.00 per share
Issue Price (Final)	₹118.00 per share	₹355.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	52 shares	15 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	1,25,00,000 shares	75,50,000 shares
Issue Size Total (Amount)	up to ₹147.50 Cr	up to ₹267.91 Cr

IPO Timetable

Microsec Financial IPO opens on Sep 17, 2010, while Tecpro IPO opens on Sep 23, 2010. The closing date of Microsec Financial IPO and Tecpro IPO is Sep 21, 2010, and Sep 28, 2010, respectively.

	Microsec Financial IPO	Tecpro IPO
Anchor Bid Date
Issue Open	Sep 17, 2010	Sep 23, 2010
Issue Close	Sep 21, 2010	Sep 28, 2010
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

Microsec Financial IPO P/E ratio is , as compared to Tecpro IPO P/E ratio of .

Microsec Financial IPO

Tecpro IPO

Financial

Particulars	For the year/period ended (Rs. in Million)
	30-Sep-09	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06	31-Mar-05
Total Income	87.55	142.40	127.77	39.54	17.03	9.64
Profit After Tax (PAT)	48.12	56.06	77.03	28.86	18.71	0.01

Promoter Shareholding (Pre-Issue)

90.25%

60.03%

Promoter Shareholding (Post-Issue)

54.78%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

19.68%%

32.04%%

Shares Offered

In the Microsec Financial IPO retail investors (RII) are offered 43,75,000 shares while in Tecpro IPO retail investors are offered 43,75,000 shares. Qualified institutional buyers (QIB) are offered 62,50,000 shares in Microsec Financial IPO and 30,87,000 shares in Tecpro IPO.

	Microsec Financial IPO	Tecpro IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	62,50,000 shares	30,87,000 shares
NII	18,75,000 shares	7,35,000 shares
RII	43,75,000 shares	22,05,000 shares
Employee		2,00,000 shares
Others
Total	1,25,00,000 shares	62,27,000 shares

Bids Received (Subscription)

Microsec Financial IPO subscribed 12.20x in total, whereas Tecpro IPO subscribed 24.47x.

	Microsec Financial IPO	Tecpro IPO
QIB (times)	5.91x	27.99x
NII (times)	35.88x	62.48x
Big NII (times)
Small NII (times)
RII (times)	11.04x	9.07x
Employee (times)		0.35x
Other (times)
Total (times)	12.20x	24.47x

Compare with others

Microsec Financial IPO	Tecpro IPO
Tecpro IPO	Commercial Engineers IPO
Gallantt Ispat IPO	Bedmutha IPO
Electrosteel IPO	Sea TV Network IPO
Orient Green IPO	Cantabil IPO
Ramky Infra IPO	Ashoka IPO
Career Point IPO	Gallantt Ispat IPO
Tirupati Inks FPO	Electrosteel IPO
Eros IPO	Orient Green IPO
Indosolar IPO	Ramky Infra IPO
VA Tech IPO	Microsec Financial IPO

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