IRCTC IPO vs Vishwaraj IPO

Comparision between IRCTC IPO and Vishwaraj IPO.

IPO Details

IRCTC IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Vishwaraj IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	IRCTC IPO	Vishwaraj 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	Idbi Capital Market Services Limited SBI Capital Markets Limited Yes Securities (India) Limited	Aryaman Financial Services Limited
Registrar	Alankit Assignments Ltd	Bigshare Services Pvt 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 IRCTC IPO is up to ₹645.12 Cr whereas the issue size of the Vishwaraj IPO is up to ₹60.00 Cr. The final issue price of IRCTC IPO is ₹320.00 per share and of Vishwaraj IPO is ₹60.00 per share.

	IRCTC IPO	Vishwaraj IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹315.00 per share	₹55.00 per share
Issue Price (Upper)	₹320.00 per share	₹60.00 per share
Issue Price (Final)	₹320.00 per share	₹60.00 per share
Discount (Retail)	₹10.00 per share
Discount (Employee)	₹10.00 per share
Market Lot Size	40 shares	240 shares
Fresh Issue Size		30,00,000 shares
Fresh Issue Size (Amount)
OFS Issue Size	2,01,60,000 shares	70,00,000 shares
OFS Issue Size (Amount)
Issue Size Total	2,01,60,000 shares	1,00,00,000 shares
Issue Size Total (Amount)	up to ₹645.12 Cr	up to ₹60.00 Cr

IPO Timetable

IRCTC IPO opens on Sep 30, 2019, while Vishwaraj IPO opens on Sep 30, 2019. The closing date of IRCTC IPO and Vishwaraj IPO is Oct 03, 2019, and Oct 04, 2019, respectively.

	IRCTC IPO	Vishwaraj IPO
Anchor Bid Date
Issue Open	Sep 30, 2019	Sep 30, 2019
Issue Close	Oct 03, 2019	Oct 04, 2019
Basis Of Allotment (Tentative)	Oct 09, 2019	Oct 11, 2019
Initiation of Refunds (Tentative)	Oct 10, 2019	Oct 14, 2019
Credit of Share (Tentative)	Oct 11, 2019	Oct 15, 2019
Listing date (Tentative)	Oct 14, 2019	Oct 15, 2019
Anchor Lockin End date 1	Nov 08, 2019	Nov 10, 2019
Anchor Lockin End date 2	Jan 07, 2020	Jan 09, 2020

Financials

IRCTC IPO P/E ratio is , as compared to Vishwaraj IPO P/E ratio of .

IRCTC IPO

Vishwaraj IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. 10 Lakhs)
	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	25,837.80	23,191.06	18,264.54
Total Revenue	19,566.60	15,695.60	16,028.50
Profit After Tax	2,725.95	2,206.19	2,290.81

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-19	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	71,954.96	62,418.63	54,319.99	58,898.53	60,501.20
Total Revenue	30,787.55	26,893.11	32,289.84	40,864.55	34,936.75
Profit After Tax	(1,761.99)	(426.67)	606.25	85.35	(57.68)

Promoter Shareholding (Pre-Issue)

100%

54.22%

Promoter Shareholding (Post-Issue)

87.40%

32.83%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the IRCTC IPO retail investors (RII) are offered 70,00,000 shares while in Vishwaraj IPO retail investors are offered 70,00,000 shares. Qualified institutional buyers (QIB) are offered 1,00,00,000 shares in IRCTC IPO and 10,00,000 shares in Vishwaraj IPO.

	IRCTC IPO	Vishwaraj IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,00,00,000 shares	10,00,000 shares
NII	30,00,000 shares	40,00,000 shares
RII	70,00,000 shares	50,00,000 shares
Employee	1,60,000 shares	0 shares
Others
Total	2,01,60,000 shares	1,00,00,000 shares

Bids Received (Subscription)

IRCTC IPO subscribed 111.91x in total, whereas Vishwaraj IPO subscribed 1.12x.

	IRCTC IPO	Vishwaraj IPO
QIB (times)	108.79x	1.00x
NII (times)	354.52x	1.76x
Big NII (times)
Small NII (times)
RII (times)	14.83x	0.64x
Employee (times)	5.81x
Other (times)
Total (times)	111.91x	1.12x

Compare with others

IRCTC IPO	Vishwaraj IPO
Equitas Small Finance Bank IPO	Prince Pipes IPO
Prince Pipes IPO	SBI Cards IPO
SBI Cards IPO	Ujjivan Bank IPO
Ujjivan Bank IPO	CSB Bank IPO
CSB Bank IPO	IRCTC IPO
Vishwaraj IPO	Sterling and Wilson IPO
Sterling and Wilson IPO	Spandana Sphoorty IPO
Spandana Sphoorty IPO	Affle IPO
Affle IPO	IndiaMart IPO
IndiaMart IPO	Neogen Chemicals IPO

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