PNB Housing Finance IPO vs Varun Beverages IPO

Comparision between PNB Housing Finance IPO and Varun Beverages IPO.

IPO Details

PNB Housing Finance IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Varun Beverages IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	PNB Housing Finance IPO	Varun Beverages 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 J.P. Morgan India Private Limited Jm Financial Limited Jm Morgan Stanley Private Limited Kotak Mahindra Capital Company Limited	Axis Capital Limited Clsa India Private Limited Kotak Mahindra Capital Company Limited Yes Bank Limited
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 PNB Housing Finance IPO is up to ₹3,000.75 Cr whereas the issue size of the Varun Beverages IPO is up to ₹1,112.50 Cr. The final issue price of PNB Housing Finance IPO is ₹775.00 per share and of Varun Beverages IPO is ₹445.00 per share.

	PNB Housing Finance IPO	Varun Beverages IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹750.00 per share	₹440.00 per share
Issue Price (Upper)	₹775.00 per share	₹445.00 per share
Issue Price (Final)	₹775.00 per share	₹445.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	19 shares	33 shares
Fresh Issue Size		2,50,00,000 shares
Fresh Issue Size (Amount)		up to ₹1,112.50 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	3,87,19,309 shares	2,50,00,000 shares
Issue Size Total (Amount)	up to ₹3,000.75 Cr	up to ₹1,112.50 Cr

IPO Timetable

PNB Housing Finance IPO opens on Oct 25, 2016, while Varun Beverages IPO opens on Oct 26, 2016. The closing date of PNB Housing Finance IPO and Varun Beverages IPO is Oct 27, 2016, and Oct 28, 2016, respectively.

	PNB Housing Finance IPO	Varun Beverages IPO
Anchor Bid Date
Issue Open	Oct 25, 2016	Oct 26, 2016
Issue Close	Oct 27, 2016	Oct 28, 2016
Basis Of Allotment (Tentative)		Nov 03, 2016
Initiation of Refunds (Tentative)		Nov 04, 2016
Credit of Share (Tentative)		Nov 07, 2016
Listing date (Tentative)		Nov 08, 2016
Anchor Lockin End date 1		Dec 03, 2016
Anchor Lockin End date 2		Feb 01, 2017

Financials

PNB Housing Finance IPO P/E ratio is , as compared to Varun Beverages IPO P/E ratio of .

PNB Housing Finance IPO

Varun Beverages IPO

Financial

Summary of financial Information
Particulars	For the year/period ended (in Rs. Million)
	As at 30-Jun-16	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12
Total Assets	346,816.49	296,724.99	190,352.37	115,395.76	76,550.74	44,362.56
Total Revenue	8,634.36	26,995.43	17,803.83	11,203.22	6,663.02	4,610.00
Profit After Tax (PAT)	960.28	3,275.66	1,940.70	1,296.97	928.20	774.46

Summary of financial Information
Particulars	For the year/period ended (in Rs. Million)
	31-Dec-15	31-Dec-14	31-Dec-13	31-Dec-12
Total Assets	44,374.50	32,950.08	29,893.68	25,548.04
Total Revenue	34,084.30	25,170.96	21,325.03	18,441.90
Profit After Tax (PAT)	870.38	(201.56)	(395.30)	251.08

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the PNB Housing Finance IPO retail investors (RII) are offered 1,39,12,500 shares while in Varun Beverages IPO retail investors are offered 1,39,12,500 shares. Qualified institutional buyers (QIB) are offered 79,52,500 shares in PNB Housing Finance IPO and 49,00,000 shares in Varun Beverages IPO.

	PNB Housing Finance IPO	Varun Beverages IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	79,52,500 shares	49,00,000 shares
NII	59,62,500 shares	36,75,000 shares
RII	1,39,12,500 shares	85,75,000 shares
Employee	2,50,000 shares	5,00,000 shares
Others
Total	2,80,77,500 shares	1,76,50,000 shares

Bids Received (Subscription)

PNB Housing Finance IPO subscribed 29.53x in total, whereas Varun Beverages IPO subscribed 1.86x.

	PNB Housing Finance IPO	Varun Beverages IPO
QIB (times)	37.33x	4.94x
NII (times)	86.17x	0.42x
Big NII (times)
Small NII (times)
RII (times)	1.32x	0.82x
Employee (times)	0.46x	0.05x
Other (times)
Total (times)	29.53x	1.86x

Compare with others

PNB Housing Finance IPO	Varun Beverages IPO
CDSL IPO	DMart IPO
DMart IPO	BSE Limited IPO
BSE Limited IPO	Laurus Labs IPO
Laurus Labs IPO	Sheela Foam IPO
Sheela Foam IPO	PNB Housing Finance IPO
Varun Beverages IPO	Endurance Technologies IPO
Endurance Technologies IPO	HPL Electric IPO
HPL Electric IPO	GNA Axles IPO
GNA Axles IPO	L&T Technology IPO
L&T Technology IPO	ICICI Prudential Life IPO

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