SKS Microfinance IPO vs VA Tech IPO

Comparision between SKS Microfinance IPO and VA Tech IPO.

IPO Details

SKS Microfinance 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.

	SKS Microfinance 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	Citigroup Global Markets India Private Limited Kotak Mahindra Capital Company Limited	Axis Capital Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
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 SKS Microfinance IPO is up to ₹1,628.78 Cr whereas the issue size of the VA Tech IPO is up to ₹125.00 Cr. The final issue price of SKS Microfinance IPO is ₹985.00 per share and of VA Tech IPO is ₹1,310.00 per share.

	SKS Microfinance IPO	VA Tech IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹850.00 per share	₹1,230.00 per share
Issue Price (Upper)	₹985.00 per share	₹1,310.00 per share
Issue Price (Final)	₹985.00 per share	₹1,310.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	7 shares	5 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	1,67,91,579 shares	9,54,198 shares
Issue Size Total (Amount)	up to ₹1,628.78 Cr	up to ₹125.00 Cr

IPO Timetable

SKS Microfinance IPO opens on Jul 28, 2010, while VA Tech IPO opens on Sep 22, 2010. The closing date of SKS Microfinance IPO and VA Tech IPO is Aug 02, 2010, and Sep 27, 2010, respectively.

	SKS Microfinance IPO	VA Tech IPO
Anchor Bid Date
Issue Open	Jul 28, 2010	Sep 22, 2010
Issue Close	Aug 02, 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

SKS Microfinance IPO P/E ratio is , as compared to VA Tech IPO P/E ratio of .

SKS Microfinance IPO

VA Tech IPO

Financial

Particulars	For the year/period ended (Rs. in Millions)
	30-Sep-09	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06	31-Mar-05
Total Income	3,846.88	5,539.99	1,700.08	456.66	99.44	0.70
Profit After Tax (PAT)	559.01	801.96	166.62	22.06	16.47	0.38

Promoter Shareholding (Pre-Issue)

55.8%

34.34%

Promoter Shareholding (Post-Issue)

37.1%

31.21%

P/E Ratio

Market Cap

ROE

ROCE

33.7%%

Debt/Equity

EPS

RoNW

18.4%%

Shares Offered

In the SKS Microfinance IPO retail investors (RII) are offered 50,37,474 shares while in VA Tech IPO retail investors are offered 50,37,474 shares. Qualified institutional buyers (QIB) are offered 70,52,464 shares in SKS Microfinance IPO and 12,93,684 shares in VA Tech IPO.

	SKS Microfinance IPO	VA Tech IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	70,52,464 shares	12,93,684 shares
NII	16,79,157 shares	5,50,447 shares
RII	50,37,474 shares	12,84,376 shares
Employee
Others
Total	1,37,69,095 shares	31,28,507 shares

Bids Received (Subscription)

SKS Microfinance IPO subscribed 13.69x in total, whereas VA Tech IPO subscribed 36.22x.

	SKS Microfinance IPO	VA Tech IPO
QIB (times)	20.38x	36.13x
NII (times)	18.26x	100.98x
Big NII (times)
Small NII (times)
RII (times)	2.81x	8.55x
Employee (times)
Other (times)
Total (times)	13.69x	36.22x

Compare with others

SKS Microfinance IPO	VA Tech IPO
VA Tech IPO	Microsec Financial IPO
Coal India IPO	Career Point IPO
Gujarat Pipavav IPO	Tirupati Inks FPO
Prakash Steelage IPO	Eros IPO
Bajaj Corp IPO	Indosolar IPO
Engineers India FPO	Coal India IPO
Midfield Industries IPO	Gujarat Pipavav IPO
Hindustan Media IPO	Prakash Steelage IPO
Aster Silicates IPO	Bajaj Corp IPO
Technofab IPO	SKS Microfinance IPO

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