RITES Limited IPO vs Varroc Engineering IPO

Comparision between RITES Limited IPO and Varroc Engineering IPO.

IPO Details

RITES Limited 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.

	RITES Limited 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	Elara Capital (India) Private Limited Idbi Capital Market Services Limited Idfc Bank Limited 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	Link Intime India Private 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 RITES Limited IPO is up to ₹460.51 Cr whereas the issue size of the Varroc Engineering IPO is up to ₹1,945.77 Cr. The final issue price of RITES Limited IPO is ₹185.00 per share and of Varroc Engineering IPO is ₹967.00 per share.

	RITES Limited IPO	Varroc Engineering IPO
Face Value	₹10 per share	₹1 per share
Issue Price (Lower)	₹180.00 per share	₹965.00 per share
Issue Price (Upper)	₹185.00 per share	₹967.00 per share
Issue Price (Final)	₹185.00 per share	₹967.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	80 shares	15 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	2,52,00,000 shares	2,01,21,730 shares
Issue Size Total (Amount)	up to ₹460.51 Cr	up to ₹1,945.77 Cr

IPO Timetable

RITES Limited IPO opens on Jun 20, 2018, while Varroc Engineering IPO opens on Jun 26, 2018. The closing date of RITES Limited IPO and Varroc Engineering IPO is Jun 22, 2018, and Jun 28, 2018, respectively.

	RITES Limited IPO	Varroc Engineering IPO
Anchor Bid Date
Issue Open	Jun 20, 2018	Jun 26, 2018
Issue Close	Jun 22, 2018	Jun 28, 2018
Basis Of Allotment (Tentative)		Jul 03, 2018
Initiation of Refunds (Tentative)		Jul 04, 2018
Credit of Share (Tentative)		Jul 05, 2018
Listing date (Tentative)		Jul 06, 2018
Anchor Lockin End date 1		Aug 02, 2018
Anchor Lockin End date 2		Oct 01, 2018

Financials

RITES Limited IPO P/E ratio is , as compared to Varroc Engineering IPO P/E ratio of .

RITES Limited IPO

Varroc Engineering IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Millions)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	48,031.69	44,092.06	36,056.30	36,363.82	32,867.96
Total Revenue	15,637.21	12,267.27	11,591.07	12,234.70	10,830.52
Profit After Tax	3,624.16	2,827.31	3,122.88	2,605.36	2,330.57

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 RITES Limited IPO retail investors (RII) are offered 84,00,000 shares while in Varroc Engineering IPO retail investors are offered 84,00,000 shares. Qualified institutional buyers (QIB) are offered 1,20,00,000 shares in RITES Limited IPO and 40,24,346 shares in Varroc Engineering IPO.

	RITES Limited IPO	Varroc Engineering IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,20,00,000 shares	40,24,346 shares
NII	36,00,000 shares	30,18,260 shares
RII	84,00,000 shares	70,42,606 shares
Employee	12,00,000 shares	1,00,000 shares
Others
Total	2,52,00,000 shares	1,41,85,212 shares

Bids Received (Subscription)

RITES Limited IPO subscribed 66.74x in total, whereas Varroc Engineering IPO subscribed 3.54x.

	RITES Limited IPO	Varroc Engineering IPO
QIB (times)	71.71x	9.15x
NII (times)	194.56x	2.45x
Big NII (times)
Small NII (times)
RII (times)	14.24x	0.84x
Employee (times)	0.96x	0.63x
Other (times)
Total (times)	66.74x	3.54x

Compare with others

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Varroc Engineering IPO	CreditAccess Grameen IPO
Fine Organic IPO	HDFC AMC IPO
IndoStar Capital Finance IPO	Fine Organic IPO
Lemon Tree Hotels IPO	RITES Limited IPO
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