ICICI Securities IPO vs Varroc Engineering IPO

Comparision between ICICI Securities IPO and Varroc Engineering IPO.

IPO Details

ICICI Securities 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.

	ICICI Securities 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	Bofa Securities India Limited Citigroup Global Markets India Private Limited Clsa India Private Limited Edelweiss Financial Services Ltd Iifl Securities Ltd SBI Capital Markets Limited	Citigroup Global Markets India Private Limited Credit Suisse Securities (India) Private Limited Iifl Securities Ltd Kotak Mahindra Capital Company Limited
Registrar	Kfin Technologies Limited	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 ICICI Securities IPO is up to ₹4,016.97 Cr whereas the issue size of the Varroc Engineering IPO is up to ₹1,945.77 Cr. The final issue price of ICICI Securities IPO is ₹520.00 per share and of Varroc Engineering IPO is ₹967.00 per share.

	ICICI Securities IPO	Varroc Engineering IPO
Face Value	₹5 per share	₹1 per share
Issue Price (Lower)	₹519.00 per share	₹965.00 per share
Issue Price (Upper)	₹520.00 per share	₹967.00 per share
Issue Price (Final)	₹520.00 per share	₹967.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	28 shares	15 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	7,72,49,508 shares	2,01,21,730 shares
Issue Size Total (Amount)	up to ₹4,016.97 Cr	up to ₹1,945.77 Cr

IPO Timetable

ICICI Securities IPO opens on Mar 22, 2018, while Varroc Engineering IPO opens on Jun 26, 2018. The closing date of ICICI Securities IPO and Varroc Engineering IPO is Mar 26, 2018, and Jun 28, 2018, respectively.

	ICICI Securities IPO	Varroc Engineering IPO
Anchor Bid Date
Issue Open	Mar 22, 2018	Jun 26, 2018
Issue Close	Mar 26, 2018	Jun 28, 2018
Basis Of Allotment (Tentative)	Apr 02, 2018	Jul 03, 2018
Initiation of Refunds (Tentative)	Apr 03, 2018	Jul 04, 2018
Credit of Share (Tentative)	Apr 04, 2018	Jul 05, 2018
Listing date (Tentative)	Apr 04, 2018	Jul 06, 2018
Anchor Lockin End date 1	May 02, 2018	Aug 02, 2018
Anchor Lockin End date 2	Jul 01, 2018	Oct 01, 2018

Financials

ICICI Securities IPO P/E ratio is , as compared to Varroc Engineering IPO P/E ratio of .

ICICI Securities IPO

Varroc Engineering IPO

Financial

Summary of financial Information (Restated Standalone)
Particulars	For the year/period ended (in Rs. million)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	20,401.6	13,920.2	13,611.4	16,203.7	9,029.2
Total Revenue	14,039.0	11,235.6	12,094.6	8,117.4	7,049.7
Profit After Tax	3,376.1	2,357.4	2,439.6	733.0	756.6

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 ICICI Securities IPO retail investors (RII) are offered 73,38,703 shares while in Varroc Engineering IPO retail investors are offered 73,38,703 shares. Qualified institutional buyers (QIB) are offered 2,20,16,111 shares in ICICI Securities IPO and 40,24,346 shares in Varroc Engineering IPO.

	ICICI Securities IPO	Varroc Engineering IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	2,20,16,111 shares	40,24,346 shares
NII	1,10,08,054 shares	30,18,260 shares
RII	73,38,703 shares	70,42,606 shares
Employee		1,00,000 shares
Others
Total	4,42,25,343 shares	1,41,85,212 shares

Bids Received (Subscription)

ICICI Securities IPO subscribed 0.78x in total, whereas Varroc Engineering IPO subscribed 3.54x.

	ICICI Securities IPO	Varroc Engineering IPO
QIB (times)	1.04x	9.15x
NII (times)	0.36x	2.45x
Big NII (times)
Small NII (times)
RII (times)	0.89x	0.84x
Employee (times)		0.63x
Other (times)	0.34x
Total (times)	0.78x	3.54x

Compare with others

ICICI Securities IPO	Varroc Engineering IPO
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Bharat Dynamics IPO	ICICI Securities IPO

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