Future Ventures IPO vs Power Finance FPO

Comparision between Future Ventures IPO and Power Finance FPO.

IPO Details

Future Ventures IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Power Finance FPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Future Ventures IPO	Power Finance FPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	FPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Axis Capital Limited Jm Financial Limited Kotak Mahindra Capital Company Limited	Bofa Securities India Limited Goldman Sachs (India) Securities Private Limited ICICI Securities Limited Jm Financial Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
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 Future Ventures IPO is up to ₹750.00 Cr whereas the issue size of the Power Finance FPO is up to ₹4,578.20 Cr. The final issue price of Future Ventures IPO is ₹10.00 per share and of Power Finance FPO is ₹203.00 per share.

	Future Ventures IPO	Power Finance FPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹10.00 per share	₹193.00 per share
Issue Price (Upper)	₹11.00 per share	₹203.00 per share
Issue Price (Final)	₹10.00 per share	₹203.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	600 shares	28 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	75,00,00,000 shares	22,95,53,340 shares
Issue Size Total (Amount)	up to ₹750.00 Cr	up to ₹4,578.20 Cr

IPO Timetable

Future Ventures IPO opens on Apr 25, 2011, while Power Finance FPO opens on May 10, 2011. The closing date of Future Ventures IPO and Power Finance FPO is Apr 28, 2011, and May 13, 2011, respectively.

	Future Ventures IPO	Power Finance FPO
Anchor Bid Date
Issue Open	Apr 25, 2011	May 10, 2011
Issue Close	Apr 28, 2011	May 13, 2011
Basis Of Allotment (Tentative)
Initiation of Refunds (Tentative)
Credit of Share (Tentative)
Listing date (Tentative)
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Future Ventures IPO P/E ratio is , as compared to Power Finance FPO P/E ratio of .

Future Ventures IPO

Power Finance FPO

Financial

Particulars	For the year/period ended (in Rs. Million)
	31-Dec-10	31-Mar-10	31-Mar-09
Total Income	74,870.43	81,265.75	65,897.25
Profit After Tax (PAT)	19,470.18	22,500.89	14,695.99

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Future Ventures IPO retail investors (RII) are offered 26,25,00,000 shares while in Power Finance FPO retail investors are offered 26,25,00,000 shares. Qualified institutional buyers (QIB) are offered 37,50,00,000 shares in Future Ventures IPO and 11,46,38,937 shares in Power Finance FPO.

	Future Ventures IPO	Power Finance FPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	37,50,00,000 shares	11,46,38,937 shares
NII	11,25,00,000 shares	3,43,91,682 shares
RII	26,25,00,000 shares	8,02,47,257 shares
Employee		2,75,464 shares
Others
Total	75,00,00,000 shares	22,95,53,340 shares

Bids Received (Subscription)

Future Ventures IPO subscribed 1.52x in total, whereas Power Finance FPO subscribed 4.34x.

	Future Ventures IPO	Power Finance FPO
QIB (times)	0.26x	6.92x
NII (times)	7.81x	1.20x
Big NII (times)
Small NII (times)
RII (times)	0.61x	2.00x
Employee (times)		0.91x
Other (times)
Total (times)	1.52x	4.34x

Compare with others

Future Ventures IPO	Power Finance FPO
Timbor Home IPO	Birla Pacific Medspa IPO
Aanjaneya IPO	VMS Industries IPO
Sanghvi Forging IPO	Timbor Home IPO
Power Finance FPO	Aanjaneya IPO
Vaswani IPO	Sanghvi Forging IPO
Innoventive Industries IPO	Vaswani IPO
Paramount Printpackaging IPO	Future Ventures IPO
Servalakshmi IPO	Innoventive Industries IPO
Muthoot IPO	Paramount Printpackaging IPO
Shilpi Cables IPO	Servalakshmi IPO

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