CL Educate IPO vs IRB InvIT Fund IPO

Comparision between CL Educate IPO and IRB InvIT Fund IPO.

IPO Details

CL Educate IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while IRB InvIT Fund IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	CL Educate IPO	IRB InvIT Fund 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	Kotak Mahindra Capital Company Limited	Credit Suisse Securities (India) Private Limited ICICI Securities Limited Idfc Bank Limited Iifl Securities Ltd
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
Market Maker
DRHP		DRHP
RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of CL Educate IPO is up to ₹238.95 Cr whereas the issue size of the IRB InvIT Fund IPO is up to ₹5,921.10 Cr. The final issue price of CL Educate IPO is ₹502.00 per share and of IRB InvIT Fund IPO is ₹102.00 per share.

	CL Educate IPO	IRB InvIT Fund IPO
Face Value	₹10 per share	₹102 per share
Issue Price (Lower)	₹500.00 per share	₹100.00 per share
Issue Price (Upper)	₹502.00 per share	₹102.00 per share
Issue Price (Final)	₹502.00 per share	₹102.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	29 shares	10000 shares
Fresh Issue Size	21,80,119 shares
Fresh Issue Size (Amount)		up to ₹4,300.00 Cr
OFS Issue Size	25,79,881 shares	3,47,61,770 shares
OFS Issue Size (Amount)
Issue Size Total	47,60,000 shares	58,05,00,000 shares
Issue Size Total (Amount)	up to ₹238.95 Cr	up to ₹5,921.10 Cr

IPO Timetable

CL Educate IPO opens on Mar 20, 2017, while IRB InvIT Fund IPO opens on May 03, 2017. The closing date of CL Educate IPO and IRB InvIT Fund IPO is Mar 22, 2017, and May 05, 2017, respectively.

	CL Educate IPO	IRB InvIT Fund IPO
Anchor Bid Date
Issue Open	Mar 20, 2017	May 03, 2017
Issue Close	Mar 22, 2017	May 05, 2017
Basis Of Allotment (Tentative)	Mar 29, 2017
Initiation of Refunds (Tentative)	Mar 29, 2017
Credit of Share (Tentative)	Mar 30, 2017
Listing date (Tentative)	Mar 31, 2017
Anchor Lockin End date 1	Apr 28, 2017
Anchor Lockin End date 2	Jun 27, 2017

Financials

CL Educate IPO P/E ratio is , as compared to IRB InvIT Fund IPO P/E ratio of .

CL Educate IPO

IRB InvIT Fund IPO

Financial

Summary of financial Information
Particulars	For the year/period ended (in Rs. Million)
	30-Sep-16	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12
Total Assets	3852.74	3789.34	3253.44	1838.88	1782.94	1707.98
Total Revenue	894.46	1738.46	1558.47	1247.42	1355.23	1021.74
Profit After Tax (PAT)	71.34	49.18	76.59	23.57	67.43	(53.76)

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the CL Educate IPO retail investors (RII) are offered 16,66,000 shares while in IRB InvIT Fund IPO retail investors are offered 16,66,000 shares. Qualified institutional buyers (QIB) are offered 9,52,000 shares in CL Educate IPO and 13,69,07,797 shares in IRB InvIT Fund IPO.

	CL Educate IPO	IRB InvIT Fund IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	9,52,000 shares	13,69,07,797 shares
NII	7,14,000 shares
RII	16,66,000 shares
Employee
Others
Total	33,32,000 shares	25,09,90,397 shares

Bids Received (Subscription)

CL Educate IPO subscribed 1.90x in total, whereas IRB InvIT Fund IPO subscribed 8.57x.

	CL Educate IPO	IRB InvIT Fund IPO
QIB (times)	3.65x	10.81x
NII (times)	0.21x
Big NII (times)
Small NII (times)
RII (times)	1.63x
Employee (times)
Other (times)		5.89x
Total (times)	1.90x	8.57x

Compare with others

CL Educate IPO	IRB InvIT Fund IPO
PSP Projects IPO	GTPL Hathway IPO
IRB InvIT Fund IPO	Eris Lifesciences IPO
S Chand and Company IPO	Tejas Networks IPO
HUDCO IPO	IndiGrid InvIT Fund
Shankara Buildpro IPO	PSP Projects IPO
Radio City IPO	S Chand and Company IPO
CDSL IPO	HUDCO IPO
DMart IPO	Shankara Buildpro IPO
BSE Limited IPO	CL Educate IPO
Laurus Labs IPO	Radio City IPO

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