Power Finance FPO vs Vaswani IPO

Comparision between Power Finance FPO and Vaswani IPO.

IPO Details

Power Finance FPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Vaswani IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Power Finance FPO	Vaswani IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	FPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Bofa Securities India Limited Goldman Sachs (India) Securities Private Limited ICICI Securities Limited Jm Financial Limited	Ashika Capital Ltd
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 Power Finance FPO is up to ₹4,578.20 Cr whereas the issue size of the Vaswani IPO is up to ₹49.00 Cr. The final issue price of Power Finance FPO is ₹203.00 per share and of Vaswani IPO is ₹49.00 per share.

	Power Finance FPO	Vaswani IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹193.00 per share	₹45.00 per share
Issue Price (Upper)	₹203.00 per share	₹49.00 per share
Issue Price (Final)	₹203.00 per share	₹49.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	28 shares	120 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	22,95,53,340 shares	2,34,90,700 shares
Issue Size Total (Amount)	up to ₹4,578.20 Cr	up to ₹49.00 Cr

IPO Timetable

Power Finance FPO opens on May 10, 2011, while Vaswani IPO opens on Apr 29, 2011. The closing date of Power Finance FPO and Vaswani IPO is May 13, 2011, and May 03, 2011, respectively.

	Power Finance FPO	Vaswani IPO
Anchor Bid Date
Issue Open	May 10, 2011	Apr 29, 2011
Issue Close	May 13, 2011	May 03, 2011
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

Power Finance FPO P/E ratio is , as compared to Vaswani IPO P/E ratio of .

Power Finance FPO

Vaswani IPO

Financial

Particulars	For the year/period ended (in Rs. Million)
	31-Dec-10	31-Mar-10	31-Mar-09
Total Income	74,870.43	81,265.75	65,897.25
Profit After Tax (PAT)	19,470.18	22,500.89	14,695.99

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

89.78%

57.43%

P/E Ratio

Market Cap

ROE

ROCE

13.74%%

Debt/Equity

EPS

RoNW

13.06%%

9.29%%

Shares Offered

In the Power Finance FPO retail investors (RII) are offered 8,02,47,257 shares while in Vaswani IPO retail investors are offered 8,02,47,257 shares. Qualified institutional buyers (QIB) are offered 11,46,38,937 shares in Power Finance FPO and 50,00,000 shares in Vaswani IPO.

	Power Finance FPO	Vaswani IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	11,46,38,937 shares	50,00,000 shares
NII	3,43,91,682 shares	15,00,000 shares
RII	8,02,47,257 shares	35,00,000 shares
Employee	2,75,464 shares
Others
Total	22,95,53,340 shares	1,00,00,000 shares

Bids Received (Subscription)

Power Finance FPO subscribed 4.34x in total, whereas Vaswani IPO subscribed 4.16x.

	Power Finance FPO	Vaswani IPO
QIB (times)	6.92x	0.16x
NII (times)	1.20x	11.29x
Big NII (times)
Small NII (times)
RII (times)	2.00x	6.83x
Employee (times)	0.91x
Other (times)
Total (times)	4.34x	4.16x

Compare with others

Power Finance FPO	Vaswani IPO
Birla Pacific Medspa IPO	VMS Industries IPO
VMS Industries IPO	Timbor Home IPO
Timbor Home IPO	Aanjaneya IPO
Aanjaneya IPO	Sanghvi Forging IPO
Sanghvi Forging IPO	Power Finance FPO
Vaswani IPO	Future Ventures IPO
Future Ventures IPO	Innoventive Industries IPO
Innoventive Industries IPO	Paramount Printpackaging IPO
Paramount Printpackaging IPO	Servalakshmi IPO
Servalakshmi IPO	Muthoot IPO

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