Microsec Financial IPO vs VA Tech IPO

Comparision between Microsec Financial IPO and VA Tech IPO.

IPO Details

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

	Microsec Financial IPO	VA Tech 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	Axis Capital Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
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 Microsec Financial IPO is up to ₹147.50 Cr whereas the issue size of the VA Tech IPO is up to ₹125.00 Cr. The final issue price of Microsec Financial IPO is ₹118.00 per share and of VA Tech IPO is ₹1,310.00 per share.

	Microsec Financial IPO	VA Tech IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹113.00 per share	₹1,230.00 per share
Issue Price (Upper)	₹118.00 per share	₹1,310.00 per share
Issue Price (Final)	₹118.00 per share	₹1,310.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	52 shares	5 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	1,25,00,000 shares	9,54,198 shares
Issue Size Total (Amount)	up to ₹147.50 Cr	up to ₹125.00 Cr

IPO Timetable

Microsec Financial IPO opens on Sep 17, 2010, while VA Tech IPO opens on Sep 22, 2010. The closing date of Microsec Financial IPO and VA Tech IPO is Sep 21, 2010, and Sep 27, 2010, respectively.

	Microsec Financial IPO	VA Tech IPO
Anchor Bid Date
Issue Open	Sep 17, 2010	Sep 22, 2010
Issue Close	Sep 21, 2010	Sep 27, 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 VA Tech IPO P/E ratio of .

Microsec Financial IPO

VA Tech 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%

34.34%

Promoter Shareholding (Post-Issue)

54.78%

31.21%

P/E Ratio

Market Cap

ROE

ROCE

33.7%%

Debt/Equity

EPS

RoNW

19.68%%

18.4%%

Shares Offered

In the Microsec Financial IPO retail investors (RII) are offered 43,75,000 shares while in VA Tech IPO retail investors are offered 43,75,000 shares. Qualified institutional buyers (QIB) are offered 62,50,000 shares in Microsec Financial IPO and 12,93,684 shares in VA Tech IPO.

	Microsec Financial IPO	VA Tech IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	62,50,000 shares	12,93,684 shares
NII	18,75,000 shares	5,50,447 shares
RII	43,75,000 shares	12,84,376 shares
Employee
Others
Total	1,25,00,000 shares	31,28,507 shares

Bids Received (Subscription)

Microsec Financial IPO subscribed 12.20x in total, whereas VA Tech IPO subscribed 36.22x.

	Microsec Financial IPO	VA Tech IPO
QIB (times)	5.91x	36.13x
NII (times)	35.88x	100.98x
Big NII (times)
Small NII (times)
RII (times)	11.04x	8.55x
Employee (times)
Other (times)
Total (times)	12.20x	36.22x

Compare with others

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

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