Pradip Overseas IPO vs United Bank of India IPO

Comparision between Pradip Overseas IPO and United Bank of India IPO.

IPO Details

Pradip Overseas IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while United Bank of India IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Pradip Overseas IPO	United Bank of India 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	Anand Rathi Securities Limited	Edelweiss Financial Services Ltd Axis Capital 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 Pradip Overseas IPO is up to ₹116.60 Cr whereas the issue size of the United Bank of India IPO is up to ₹324.98 Cr. The final issue price of Pradip Overseas IPO is ₹110.00 per share and of United Bank of India IPO is ₹66.00 per share.

	Pradip Overseas IPO	United Bank of India IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹100.00 per share	₹60.00 per share
Issue Price (Upper)	₹110.00 per share	₹66.00 per share
Issue Price (Final)	₹110.00 per share	₹66.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	60 shares	100 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	1,06,00,000 shares	5,00,00,000 shares
Issue Size Total (Amount)	up to ₹116.60 Cr	up to ₹324.98 Cr

IPO Timetable

Pradip Overseas IPO opens on Mar 11, 2010, while United Bank of India IPO opens on Feb 23, 2010. The closing date of Pradip Overseas IPO and United Bank of India IPO is Mar 15, 2010, and Feb 25, 2010, respectively.

	Pradip Overseas IPO	United Bank of India IPO
Anchor Bid Date
Issue Open	Mar 11, 2010	Feb 23, 2010
Issue Close	Mar 15, 2010	Feb 25, 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

Pradip Overseas IPO P/E ratio is , as compared to United Bank of India IPO P/E ratio of .

Pradip Overseas IPO

United Bank of India IPO

Financial

Particulars	For the year/period ended (Rs. in Lacs)
	31-Dec-09	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06
Total Income	126,984.45	121,009.64	69,312.97	41,421.45	223.45
Profit After Tax (PAT)	5,109.56	4,146.05	3,824.89	2,175.09	41.47

Particulars	For the year/period ended (Rs.in Crore)
	30-Sep-09	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06
Total Income	2,775.63	4,802.73	4,022.80	3,172.77	2,796.99
Profit After Tax (PAT)	231.10	358.55	145.11	267.28	204.56

Promoter Shareholding (Pre-Issue)

80.06%

100%

Promoter Shareholding (Post-Issue)

59.03%

84.2%

P/E Ratio

Market Cap

ROE

ROCE

29%%

Debt/Equity

EPS

RoNW

32.75%%

14.13%%

Shares Offered

In the Pradip Overseas IPO retail investors (RII) are offered 35,35,000 shares while in United Bank of India IPO retail investors are offered 35,35,000 shares. Qualified institutional buyers (QIB) are offered 50,50,000 shares in Pradip Overseas IPO and 2,85,00,000 shares in United Bank of India IPO.

	Pradip Overseas IPO	United Bank of India IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	50,50,000 shares	2,85,00,000 shares
NII	15,15,000 shares	47,50,000 shares
RII	35,35,000 shares	1,42,50,000 shares
Employee	5,00,000 shares	25,00,000 shares
Others
Total	1,06,00,000 shares	5,00,00,000 shares

Bids Received (Subscription)

Pradip Overseas IPO subscribed 14.08x in total, whereas United Bank of India IPO subscribed 33.38x.

	Pradip Overseas IPO	United Bank of India IPO
QIB (times)	8.57x	47.08x
NII (times)	45.35x	39.15x
Big NII (times)
Small NII (times)
RII (times)	10.53x	9.80x
Employee (times)	0.09x	0.53x
Other (times)
Total (times)	14.08x	33.38x

Compare with others

Pradip Overseas IPO	United Bank of India IPO
Goenka IPO	Persistent Systems IPO
Intrasoft IPO	ILFS Transportation IPO
Shree Ganesh IPO	Pradip Overseas IPO
Persistent Systems IPO	DQ Entertainment IPO
ILFS Transportation IPO	NMDC FPO
DQ Entertainment IPO	Man Infraconstruction IPO
NMDC FPO	Texmo IPO
United Bank of India IPO	ARSS Infra IPO
Man Infraconstruction IPO	Hathway Cable IPO
Texmo IPO	DB Realty IPO

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