Power Grid FPO 2 vs V Mart Retail IPO

Comparision between Power Grid FPO 2 and V Mart Retail IPO.

IPO Details

Power Grid FPO 2 is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while V Mart Retail IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Power Grid FPO 2	V Mart Retail IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	FPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Citigroup Global Markets India Private Limited ICICI Securities Limited Kotak Mahindra Capital Company Limited SBI Capital Markets Limited Ubs Securities India Private Limited	Anand Rathi Securities 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 Power Grid FPO 2 is up to ₹6,958.64 Cr whereas the issue size of the V Mart Retail IPO is up to ₹94.42 Cr. The final issue price of Power Grid FPO 2 is ₹85.50 per share and of V Mart Retail IPO is ₹210.00 per share.

	Power Grid FPO 2	V Mart Retail IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹85.00 per share	₹195.00 per share
Issue Price (Upper)	₹90.00 per share	₹215.00 per share
Issue Price (Final)	₹85.50 per share	₹210.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	150 shares	66 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	78,70,53,309 shares	44,96,000 shares
Issue Size Total (Amount)	up to ₹6,958.64 Cr	up to ₹94.42 Cr

IPO Timetable

Power Grid FPO 2 opens on Dec 03, 2013, while V Mart Retail IPO opens on Feb 01, 2013. The closing date of Power Grid FPO 2 and V Mart Retail IPO is Dec 06, 2013, and Feb 05, 2013, respectively.

	Power Grid FPO 2	V Mart Retail IPO
Anchor Bid Date
Issue Open	Dec 03, 2013	Feb 01, 2013
Issue Close	Dec 06, 2013	Feb 05, 2013
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

Power Grid FPO 2 P/E ratio is , as compared to V Mart Retail IPO P/E ratio of .

Power Grid FPO 2

V Mart Retail IPO

Financial

Particulars	For the year/period ended (in Rs. Million)
	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Total Income	2,819.54	2,147.98	1,441.56	1,423.57	980.71
Profit After Tax (PAT)	106.12	62.65	23.26	10.46	35.24

Promoter Shareholding (Pre-Issue)

69.42%

69.51%

Promoter Shareholding (Post-Issue)

57.9%

58.83%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

16.15%%

20.2%%

Shares Offered

In the Power Grid FPO 2 retail investors (RII) are offered 27,44,18,658 shares while in V Mart Retail IPO retail investors are offered 27,44,18,658 shares. Qualified institutional buyers (QIB) are offered 39,20,26,655 shares in Power Grid FPO 2 and 15,73,600 shares in V Mart Retail IPO.

	Power Grid FPO 2	V Mart Retail IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	39,20,26,655 shares	15,73,600 shares
NII	11,76,07,996 shares	6,74,400 shares
RII	27,44,18,658 shares	15,73,600 shares
Employee	30,00,000 shares
Others
Total	78,70,53,309 shares	38,21,600 shares

Bids Received (Subscription)

Power Grid FPO 2 subscribed 6.74x in total, whereas V Mart Retail IPO subscribed 1.20x.

	Power Grid FPO 2	V Mart Retail IPO
QIB (times)	9.09x	1.52x
NII (times)	9.70x	1.39x
Big NII (times)
Small NII (times)
RII (times)	2.17x	0.79x
Employee (times)	1.31x
Other (times)
Total (times)	6.74x	1.20x

Compare with others

Power Grid FPO 2	V Mart Retail IPO
Shemaroo IPO	Wonderla Holidays IPO
Sharda Cropchem IPO	EIL FPO
Snowman Logistics IPO	Power Grid FPO 2
Wonderla Holidays IPO	Just Dial IPO
EIL FPO	Repco Home Finance IPO
Just Dial IPO	Bharti Infratel IPO
Repco Home Finance IPO	PC Jeweller IPO
V Mart Retail IPO	CARE IPO
Bharti Infratel IPO	Tara Jewels IPO
PC Jeweller IPO	VKS Projects IPO

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