Garden Reach Shipbuilders IPO vs Varroc Engineering IPO

Comparision between Garden Reach Shipbuilders IPO and Varroc Engineering IPO.

IPO Details

Garden Reach Shipbuilders IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Varroc Engineering IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Garden Reach Shipbuilders IPO	Varroc Engineering 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	Idbi Capital Market Services Limited Yes Securities (India) Limited	Citigroup Global Markets India Private Limited Credit Suisse Securities (India) Private Limited Iifl Securities Ltd Kotak Mahindra Capital Company Limited
Registrar	Alankit Assignments 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 Garden Reach Shipbuilders IPO is up to ₹344.69 Cr whereas the issue size of the Varroc Engineering IPO is up to ₹1,945.77 Cr. The final issue price of Garden Reach Shipbuilders IPO is ₹118.00 per share and of Varroc Engineering IPO is ₹967.00 per share.

	Garden Reach Shipbuilders IPO	Varroc Engineering IPO
Face Value	₹10 per share	₹1 per share
Issue Price (Lower)	₹114.00 per share	₹965.00 per share
Issue Price (Upper)	₹118.00 per share	₹967.00 per share
Issue Price (Final)	₹118.00 per share	₹967.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	120 shares	15 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	2,92,10,760 shares	2,01,21,730 shares
Issue Size Total (Amount)	up to ₹344.69 Cr	up to ₹1,945.77 Cr

IPO Timetable

Garden Reach Shipbuilders IPO opens on Sep 24, 2018, while Varroc Engineering IPO opens on Jun 26, 2018. The closing date of Garden Reach Shipbuilders IPO and Varroc Engineering IPO is Oct 01, 2018, and Jun 28, 2018, respectively.

	Garden Reach Shipbuilders IPO	Varroc Engineering IPO
Anchor Bid Date
Issue Open	Sep 24, 2018	Jun 26, 2018
Issue Close	Oct 01, 2018	Jun 28, 2018
Basis Of Allotment (Tentative)	Oct 01, 2018	Jul 03, 2018
Initiation of Refunds (Tentative)	Oct 03, 2018	Jul 04, 2018
Credit of Share (Tentative)	Oct 03, 2018	Jul 05, 2018
Listing date (Tentative)	Oct 10, 2018	Jul 06, 2018
Anchor Lockin End date 1	Oct 31, 2018	Aug 02, 2018
Anchor Lockin End date 2	Dec 30, 2018	Oct 01, 2018

Financials

Garden Reach Shipbuilders IPO P/E ratio is , as compared to Varroc Engineering IPO P/E ratio of .

Garden Reach Shipbuilders IPO

Varroc Engineering IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Millions)
	30-Sep-17	31-Mar-17	31-Mar-16	31-Mar-15(Proforma)
Total Assets	46,999.32	45,650.04	44,514.94	40,009.76
Total Revenue	5,8583.93	11,579.57	18,467.47	16,391.63
Profit After Tax	180.69	122.32	1,620.47	517.28

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Million)
	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	68,523.92	58,603.80	52,458.55	44,284.68
Total Revenue	104,170.67	97,022.69	82,395.20	70,384.64
Profit After Tax	4,507.77	3,033.89	3,698.23	168.09

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Garden Reach Shipbuilders IPO retail investors (RII) are offered 1,00,23,300 shares while in Varroc Engineering IPO retail investors are offered 1,00,23,300 shares. Qualified institutional buyers (QIB) are offered 1,43,19,000 shares in Garden Reach Shipbuilders IPO and 40,24,346 shares in Varroc Engineering IPO.

	Garden Reach Shipbuilders IPO	Varroc Engineering IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,43,19,000 shares	40,24,346 shares
NII	42,95,700 shares	30,18,260 shares
RII	1,00,23,300 shares	70,42,606 shares
Employee	5,72,760 shares	1,00,000 shares
Others
Total	2,92,10,760 shares	1,41,85,212 shares

Bids Received (Subscription)

Garden Reach Shipbuilders IPO subscribed 1.02x in total, whereas Varroc Engineering IPO subscribed 3.54x.

	Garden Reach Shipbuilders IPO	Varroc Engineering IPO
QIB (times)	1.81x	9.15x
NII (times)	0.31x	2.45x
Big NII (times)
Small NII (times)
RII (times)	0.24x	0.84x
Employee (times)	0.14x	0.63x
Other (times)
Total (times)	1.02x	3.54x

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Varroc Engineering IPO	ICICI Securities IPO

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