Thangamayil IPO vs Vascon Engineers IPO

Comparision between Thangamayil IPO and Vascon Engineers IPO.

IPO Details

Thangamayil IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Vascon Engineers IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Thangamayil IPO	Vascon Engineers 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	Keynote Financial Services Ltd	Axis Capital Limited Kotak Mahindra Capital Company Limited
Registrar	S.K.D.C Consultants 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 Thangamayil IPO is up to ₹28.76 Cr whereas the issue size of the Vascon Engineers IPO is up to ₹178.20 Cr. The final issue price of Thangamayil IPO is ₹75.00 per share and of Vascon Engineers IPO is ₹165.00 per share.

	Thangamayil IPO	Vascon Engineers IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹70.00 per share	₹165.00 per share
Issue Price (Upper)	₹75.00 per share	₹185.00 per share
Issue Price (Final)	₹75.00 per share	₹165.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	80 shares	35 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	38,33,667 shares	1,08,00,000 shares
Issue Size Total (Amount)	up to ₹28.76 Cr	up to ₹178.20 Cr

IPO Timetable

Thangamayil IPO opens on Jan 27, 2010, while Vascon Engineers IPO opens on Jan 27, 2010. The closing date of Thangamayil IPO and Vascon Engineers IPO is Jan 29, 2010, and Jan 29, 2010, respectively.

	Thangamayil IPO	Vascon Engineers IPO
Anchor Bid Date
Issue Open	Jan 27, 2010	Jan 27, 2010
Issue Close	Jan 29, 2010	Jan 29, 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

Thangamayil IPO P/E ratio is , as compared to Vascon Engineers IPO P/E ratio of .

Thangamayil IPO

Vascon Engineers IPO

Financial

Particulars	For the year/period ended (Rs. in Lacs)
	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06	31-Mar-05
Total Income	24,685.56	22,460.11	12,722.37	4,924.70	2,693.89
Profit After Tax (PAT)	749.27	561.14	309.90	146.07	34.45

Particulars	For the year/period ended (Rs. in Million)
	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06
Total Income	5,247.57	6,205.34	3,992.46	1,430.60
Profit After Tax (PAT)	192.60	595.06	466.23	127.01

Promoter Shareholding (Pre-Issue)

100%

43.81%

Promoter Shareholding (Post-Issue)

38.41%

P/E Ratio

Market Cap

ROE

6.9%%

ROCE

Debt/Equity

EPS

RoNW

25.82%%

7.85%%

Shares Offered

In the Thangamayil IPO retail investors (RII) are offered 5,96,839 shares while in Vascon Engineers IPO retail investors are offered 5,96,839 shares. Qualified institutional buyers (QIB) are offered 19,89,465 shares in Thangamayil IPO and 64,20,000 shares in Vascon Engineers IPO.

	Thangamayil IPO	Vascon Engineers IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	19,89,465 shares	64,20,000 shares
NII	13,92,625 shares	10,70,000 shares
RII	5,96,839 shares	32,10,000 shares
Employee	1,28,571 shares	1,00,000 shares
Others
Total	41,07,500 shares	1,08,00,000 shares

Bids Received (Subscription)

Thangamayil IPO subscribed 1.12x in total, whereas Vascon Engineers IPO subscribed 1.22x.

	Thangamayil IPO	Vascon Engineers IPO
QIB (times)	0.52x	1.12x
NII (times)	1.52x	3.65x
Big NII (times)
Small NII (times)
RII (times)	2.26x	0.62x
Employee (times)	0.67x	0.54x
Other (times)
Total (times)	1.12x	1.22x

Compare with others

Thangamayil IPO	Vascon Engineers IPO
DB Realty IPO	ARSS Infra IPO
REC FPO	Hathway Cable IPO
Emmbi Polyarns IPO	DB Realty IPO
Vascon Engineers IPO	REC FPO
Syncom Healthcare IPO	Emmbi Polyarns IPO
Jubilant Foodworks IPO	Syncom Healthcare IPO
Birla Shloka FPO	Thangamayil IPO
Aqua Logistics IPO	Jubilant Foodworks IPO
NTPC FPO	Birla Shloka FPO
Infinite Computer IPO	Aqua Logistics IPO

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