Eris Lifesciences IPO vs Tejas Networks IPO

Comparision between Eris Lifesciences IPO and Tejas Networks IPO.

IPO Details

Eris Lifesciences IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Tejas Networks IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Eris Lifesciences IPO	Tejas Networks 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 Capital Limited Citigroup Global Markets India Private Limited Credit Suisse Securities (India) Private Limited	Axis Capital Limited Citigroup Global Markets India Private Limited Edelweiss Financial Services Ltd Nomura Financial Advisory And Securities (India) Pvt Ltd
Registrar	Link Intime India Private Ltd	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 Eris Lifesciences IPO is up to ₹1,741.16 Cr whereas the issue size of the Tejas Networks IPO is up to ₹776.69 Cr. The final issue price of Eris Lifesciences IPO is ₹603.00 per share and of Tejas Networks IPO is ₹257.00 per share.

	Eris Lifesciences IPO	Tejas Networks IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)	₹600.00 per share	₹250.00 per share
Issue Price (Upper)	₹603.00 per share	₹257.00 per share
Issue Price (Final)	₹603.00 per share	₹257.00 per share
Discount (Retail)
Discount (Employee)	₹60.00 per share
Market Lot Size	24 shares	55 shares
Fresh Issue Size
Fresh Issue Size (Amount)		up to ₹450.00 Cr
OFS Issue Size	2,88,75,000 shares	1,27,11,605 shares
OFS Issue Size (Amount)
Issue Size Total	2,88,75,000 shares	3,02,21,332 shares
Issue Size Total (Amount)	up to ₹1,741.16 Cr	up to ₹776.69 Cr

IPO Timetable

Eris Lifesciences IPO opens on Jun 16, 2017, while Tejas Networks IPO opens on Jun 14, 2017. The closing date of Eris Lifesciences IPO and Tejas Networks IPO is Jun 20, 2017, and Jun 16, 2017, respectively.

	Eris Lifesciences IPO	Tejas Networks IPO
Anchor Bid Date
Issue Open	Jun 16, 2017	Jun 14, 2017
Issue Close	Jun 20, 2017	Jun 16, 2017
Basis Of Allotment (Tentative)	Jun 23, 2017	Jun 21, 2017
Initiation of Refunds (Tentative)	Jun 27, 2017	Jun 22, 2017
Credit of Share (Tentative)	Jun 28, 2017	Jun 23, 2017
Listing date (Tentative)	Jun 29, 2017	Jun 27, 2017
Anchor Lockin End date 1	Jul 23, 2017	Jul 21, 2017
Anchor Lockin End date 2	Sep 21, 2017	Sep 19, 2017

Financials

Eris Lifesciences IPO P/E ratio is , as compared to Tejas Networks IPO P/E ratio of .

Eris Lifesciences IPO

Tejas Networks IPO

Financial

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (in Rs. Million)
	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12
Total Assets	3,973.59	3,572.85	2,705.99	1,718.05	1,019.67
Total Revenue	5,970.21	5,455.58	5,088.22	3,930.64	2,739.40
Profit After Tax	1,348.58	892.59	709.12	584.40	370.63

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (in Rs. Million)
	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12
Total Assets	8,383.03	7,280.56	7,452.00	6,563.40	6,397.81
Total Revenue	6,274.57	3,868.26	4,230.55	3,692.71	2,014.22
Profit After Tax	290.05	(178.66)	27.77	(790.43)	(928.90)

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Eris Lifesciences IPO retail investors (RII) are offered 28,72,500 shares while in Tejas Networks IPO retail investors are offered 28,72,500 shares. Qualified institutional buyers (QIB) are offered 86,17,500 shares in Eris Lifesciences IPO and 94,34,105 shares in Tejas Networks IPO.

	Eris Lifesciences IPO	Tejas Networks IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	86,17,500 shares	94,34,105 shares
NII	43,08,750 shares	46,06,740 shares
RII	28,72,500 shares	30,71,160 shares
Employee	1,50,000 shares
Others
Total	1,59,48,750 shares	1,71,12,005 shares

Bids Received (Subscription)

Eris Lifesciences IPO subscribed 3.29x in total, whereas Tejas Networks IPO subscribed 1.88x.

	Eris Lifesciences IPO	Tejas Networks IPO
QIB (times)	4.68x	2.16x
NII (times)	0.45x	0.48x
Big NII (times)
Small NII (times)
RII (times)	3.51x	3.10x
Employee (times)	0.86x
Other (times)
Total (times)	3.29x	1.88x

Compare with others

Eris Lifesciences IPO	Tejas Networks IPO
SiS IPO	Cochin Shipyard IPO
Cochin Shipyard IPO	Salasar Techno IPO
Salasar Techno IPO	Au Financiers IPO
Au Financiers IPO	GTPL Hathway IPO
GTPL Hathway IPO	Eris Lifesciences IPO
Tejas Networks IPO	IndiGrid InvIT Fund
IndiGrid InvIT Fund	PSP Projects IPO
PSP Projects IPO	IRB InvIT Fund IPO
IRB InvIT Fund IPO	S Chand and Company IPO
S Chand and Company IPO	HUDCO IPO

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