BSE Limited IPO vs CDSL IPO

Comparision between BSE Limited IPO and CDSL IPO.

IPO Details

BSE Limited IPO is a Mainline Book Built Issue IPO proposed to list at NSE while CDSL IPO is a Mainline Book Built Issue proposed to list at NSE.

	BSE Limited IPO	CDSL IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE	NSE
Lead Managers	Axis Capital Limited Edelweiss Financial Services Ltd Jefferies India Private Limited Motilal Oswal Investment Advisors Limited Nomura Financial Advisory And Securities (India) Pvt Ltd SBI Capital Markets Limited Smc Capitals Limited Spark Capital Advisors (India) Private Limited	Axis Capital Limited Edelweiss Financial Services Ltd Haitong Securities India Private Limited Idbi Capital Market Services Limited Nomura Financial Advisory And Securities (India) Pvt Ltd SBI Capital Markets Limited Yes Bank Limited
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 BSE Limited IPO is up to ₹1,243.43 Cr whereas the issue size of the CDSL IPO is up to ₹523.99 Cr. The final issue price of BSE Limited IPO is ₹806.00 per share and of CDSL IPO is ₹149.00 per share.

	BSE Limited IPO	CDSL IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹805.00 per share	₹145.00 per share
Issue Price (Upper)	₹806.00 per share	₹149.00 per share
Issue Price (Final)	₹806.00 per share	₹149.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	18 shares	100 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size	1,54,27,197 shares	3,51,67,208 shares
OFS Issue Size (Amount)
Issue Size Total	1,54,27,197 shares	3,51,67,208 shares
Issue Size Total (Amount)	up to ₹1,243.43 Cr	up to ₹523.99 Cr

IPO Timetable

BSE Limited IPO opens on Jan 23, 2017, while CDSL IPO opens on Jun 19, 2017. The closing date of BSE Limited IPO and CDSL IPO is Jan 25, 2017, and Jun 21, 2017, respectively.

	BSE Limited IPO	CDSL IPO
Anchor Bid Date
Issue Open	Jan 23, 2017	Jun 19, 2017
Issue Close	Jan 25, 2017	Jun 21, 2017
Basis Of Allotment (Tentative)	Dec 31, 2017	Jun 29, 2017
Initiation of Refunds (Tentative)	Feb 01, 2017	Jun 29, 2017
Credit of Share (Tentative)	Feb 02, 2017	Jun 29, 2017
Listing date (Tentative)	Feb 03, 2017	Jun 30, 2017
Anchor Lockin End date 1	Jan 30, 2018	Jul 29, 2017
Anchor Lockin End date 2	Mar 31, 2018	Sep 27, 2017

Financials

BSE Limited IPO P/E ratio is , as compared to CDSL IPO P/E ratio of .

BSE Limited IPO

CDSL IPO

Financial

Summary of financial Information
Particulars	For the year/period ended (in Rs. Million)
	30-Jun-16	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12
Total Assets	30,363.5	29,176.7	28,758.0	25,923.0	27,273.6	27,915.7
Total Revenue	1,424.4	5,158.9	4,391.8	3,328.3	3,389.1	4,028.0
Profit After Tax (PAT)	454.3	1,319.1	756.5	747.7	398.2	1,116.0

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (in Rs. Million)
	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	6,072.44	5,529.90	5,114.53
Total Revenue	1,868.51	1,613.36	1,454.69
Profit After Tax (PAT)	865.85	911.25	574.91

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the BSE Limited IPO retail investors (RII) are offered 53,99,519 shares while in CDSL IPO retail investors are offered 53,99,519 shares. Qualified institutional buyers (QIB) are offered 30,85,440 shares in BSE Limited IPO and 68,93,442 shares in CDSL IPO.

	BSE Limited IPO	CDSL IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	30,85,440 shares	68,93,442 shares
NII	23,14,080 shares	51,70,081 shares
RII	53,99,519 shares	1,20,63,523 shares
Employee		7,00,000 shares
Others
Total	1,07,99,039 shares	2,48,27,046 shares

Bids Received (Subscription)

BSE Limited IPO subscribed 51.22x in total, whereas CDSL IPO subscribed 170.16x.

	BSE Limited IPO	CDSL IPO
QIB (times)	48.64x	148.71x
NII (times)	159.03x	563.03x
Big NII (times)
Small NII (times)
RII (times)	6.48x	23.83x
Employee (times)		1.46x
Other (times)
Total (times)	51.22x	170.16x

Compare with others

BSE Limited IPO	CDSL IPO
Shankara Buildpro IPO	S Chand and Company IPO
CL Educate IPO	HUDCO IPO
Radio City IPO	Shankara Buildpro IPO
CDSL IPO	CL Educate IPO
DMart IPO	Radio City IPO
Laurus Labs IPO	DMart IPO
Sheela Foam IPO	BSE Limited IPO
PNB Housing Finance IPO	Laurus Labs IPO
Varun Beverages IPO	Sheela Foam IPO
Endurance Technologies IPO	PNB Housing Finance IPO

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