Microsec Financial IPO vs Tirupati Inks FPO

Comparision between Microsec Financial IPO and Tirupati Inks FPO.

IPO Details

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

	Microsec Financial IPO	Tirupati Inks FPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	FPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE
Lead Managers	SBI Capital Markets Limited	Ashika Capital Ltd
Registrar	Link Intime India Private Ltd	Beetal Financial & Computer Services (P) 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 Microsec Financial IPO is up to ₹147.50 Cr whereas the issue size of the Tirupati Inks FPO is up to ₹51.50 Cr. The final issue price of Microsec Financial IPO is ₹118.00 per share and of Tirupati Inks FPO is ₹43.00 per share.

	Microsec Financial IPO	Tirupati Inks FPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹113.00 per share	₹41.00 per share
Issue Price (Upper)	₹118.00 per share	₹43.00 per share
Issue Price (Final)	₹118.00 per share	₹43.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	52 shares	150 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	1,25,00,000 shares	1,19,76,745 shares
Issue Size Total (Amount)	up to ₹147.50 Cr	up to ₹51.50 Cr

IPO Timetable

Microsec Financial IPO opens on Sep 17, 2010, while Tirupati Inks FPO opens on Sep 14, 2010. The closing date of Microsec Financial IPO and Tirupati Inks FPO is Sep 21, 2010, and Sep 17, 2010, respectively.

	Microsec Financial IPO	Tirupati Inks FPO
Anchor Bid Date
Issue Open	Sep 17, 2010	Sep 14, 2010
Issue Close	Sep 21, 2010	Sep 17, 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 Tirupati Inks FPO P/E ratio of .

Microsec Financial IPO

Tirupati Inks FPO

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

Particulars	For the year/period ended (Rs. in Lacs)
	30-Sep-09	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06	31-Mar-05
Total Income	3733.41	5019.68	35.59	69.89	1.44	0.27
Profit After Tax (PAT)	102.32	80.00	0.18	15.25	0.05	(0.33)

Promoter Shareholding (Pre-Issue)

90.25%

44.14%

Promoter Shareholding (Post-Issue)

54.78%

26.92%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

19.68%%

31.47%%

Shares Offered

In the Microsec Financial IPO retail investors (RII) are offered 43,75,000 shares while in Tirupati Inks FPO retail investors are offered 43,75,000 shares. Qualified institutional buyers (QIB) are offered 62,50,000 shares in Microsec Financial IPO and 48,76,829 shares in Tirupati Inks FPO.

	Microsec Financial IPO	Tirupati Inks FPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	62,50,000 shares	48,76,829 shares
NII	18,75,000 shares	14,63,049 shares
RII	43,75,000 shares	34,13,780 shares
Employee
Others
Total	1,25,00,000 shares	97,53,658 shares

Bids Received (Subscription)

Microsec Financial IPO subscribed 12.20x in total, whereas Tirupati Inks FPO subscribed 8.77x.

	Microsec Financial IPO	Tirupati Inks FPO
QIB (times)	5.91x	1.78x
NII (times)	35.88x	23.18x
Big NII (times)
Small NII (times)
RII (times)	11.04x	12.59x
Employee (times)
Other (times)
Total (times)	12.20x	8.77x

Compare with others

Microsec Financial IPO	Tirupati Inks FPO
Tecpro IPO	Electrosteel IPO
Gallantt Ispat IPO	Orient Green IPO
Electrosteel IPO	Ramky Infra IPO
Orient Green IPO	Microsec Financial IPO
Ramky Infra IPO	Career Point IPO
Career Point IPO	Eros IPO
Tirupati Inks FPO	Indosolar IPO
Eros IPO	VA Tech IPO
Indosolar IPO	Coal India IPO
VA Tech IPO	Gujarat Pipavav IPO

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