Aster DM Healthcare IPO vs Bharat Dynamics IPO

Comparision between Aster DM Healthcare IPO and Bharat Dynamics IPO.

IPO Details

Aster DM Healthcare IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Bharat Dynamics IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Aster DM Healthcare IPO	Bharat Dynamics 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	Axis Bank Limited Goldman Sachs (India) Securities Private Limited ICICI Securities Limited Jm Financial Limited Kotak Mahindra Capital Company Limited Yes Securities (India) Limited	Idbi Capital Market Services Limited SBI Capital Markets Limited Yes Securities (India) Limited
Registrar	Link Intime India Private Ltd	Alankit Assignments 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 Aster DM Healthcare IPO is up to ₹980.14 Cr whereas the issue size of the Bharat Dynamics IPO is up to ₹960.94 Cr. The final issue price of Aster DM Healthcare IPO is ₹190.00 per share and of Bharat Dynamics IPO is ₹428.00 per share.

	Aster DM Healthcare IPO	Bharat Dynamics IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹180.00 per share	₹413.00 per share
Issue Price (Upper)	₹190.00 per share	₹428.00 per share
Issue Price (Final)	₹190.00 per share	₹428.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	78 shares	35 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹725.00 Cr
OFS Issue Size	1,34,28,251 shares
OFS Issue Size (Amount)
Issue Size Total		2,24,51,953 shares
Issue Size Total (Amount)	up to ₹980.14 Cr	up to ₹960.94 Cr

IPO Timetable

Aster DM Healthcare IPO opens on Feb 12, 2018, while Bharat Dynamics IPO opens on Mar 13, 2018. The closing date of Aster DM Healthcare IPO and Bharat Dynamics IPO is Feb 15, 2018, and Mar 15, 2018, respectively.

	Aster DM Healthcare IPO	Bharat Dynamics IPO
Anchor Bid Date
Issue Open	Feb 12, 2018	Mar 13, 2018
Issue Close	Feb 15, 2018	Mar 15, 2018
Basis Of Allotment (Tentative)	Feb 22, 2018
Initiation of Refunds (Tentative)	Feb 22, 2018
Credit of Share (Tentative)	Feb 23, 2018
Listing date (Tentative)	Feb 26, 2018
Anchor Lockin End date 1	Mar 24, 2018
Anchor Lockin End date 2	May 23, 2018

Financials

Aster DM Healthcare IPO P/E ratio is , as compared to Bharat Dynamics IPO P/E ratio of .

Aster DM Healthcare IPO

Bharat Dynamics IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (in Rs. million)
	31-Mar-17	31-Mar-16	31-Mar-15 (Proforma)
Total Assets	68,072.77	57,557.82	44,120.27
Total Revenue	59,679.02	52,751.63	38,990.49
Profit After Tax	2,667.47	82.11	2,721.07

Summary of financial Information (Restated Standalone)
Particulars	For the year/period ended (in Rs. million)
	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	86,007.92	96,406.32	84,119.70
Total Revenue	51,980.73	46,013.75	32,532.28
Profit After Tax	4,903.19	5,620.69	4,435.48

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Aster DM Healthcare IPO retail investors (RII) are offered 1,80,55,151 shares while in Bharat Dynamics IPO retail investors are offered 1,80,55,151 shares. Qualified institutional buyers (QIB) are offered 1,03,17,229 shares in Aster DM Healthcare IPO and 1,09,96,874 shares in Bharat Dynamics IPO.

	Aster DM Healthcare IPO	Bharat Dynamics IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,03,17,229 shares	1,09,96,874 shares
NII	77,37,922 shares	32,99,063 shares
RII	1,80,55,151 shares	76,97,813 shares
Employee		4,58,203 shares
Others
Total	3,61,10,302 shares	2,24,51,953 shares

Bids Received (Subscription)

Aster DM Healthcare IPO subscribed 1.31x in total, whereas Bharat Dynamics IPO subscribed 1.29x.

	Aster DM Healthcare IPO	Bharat Dynamics IPO
QIB (times)	2.10x	1.50x
NII (times)	0.55x	0.50x
Big NII (times)
Small NII (times)
RII (times)	1.18x	1.37x
Employee (times)		0.40x
Other (times)
Total (times)	1.31x	1.29x

Compare with others

Aster DM Healthcare IPO	Bharat Dynamics IPO
Karda Construction IPO	ICICI Securities IPO
Hindustan Aeronautics IPO	Mishra Dhatu Nigam IPO
Bharat Dynamics IPO	Sandhar Technologies IPO
Bandhan Bank IPO	Karda Construction IPO
HG Infra IPO	Hindustan Aeronautics IPO
Galaxy Surfactants IPO	Bandhan Bank IPO
Amber Enterprises IPO	HG Infra IPO
Newgen Software IPO	Aster DM Healthcare IPO
Apollo Micro Systems IPO	Galaxy Surfactants IPO
Shalby Hospital IPO	Amber Enterprises IPO

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