GNA Axles IPO vs HPL Electric IPO

Comparision between GNA Axles IPO and HPL Electric IPO.

IPO Details

GNA Axles IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while HPL Electric IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	GNA Axles IPO	HPL Electric 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	Ambit Private Limited Pnb Investment Services Ltd	ICICI Securities Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) SBI Capital Markets Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Market Maker
DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of GNA Axles IPO is up to ₹130.41 Cr whereas the issue size of the HPL Electric IPO is up to ₹361.00 Cr. The final issue price of GNA Axles IPO is ₹207.00 per share and of HPL Electric IPO is ₹202.00 per share.

	GNA Axles IPO	HPL Electric IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹205.00 per share	₹175.00 per share
Issue Price (Upper)	₹207.00 per share	₹202.00 per share
Issue Price (Final)	₹207.00 per share	₹202.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	70 shares	70 shares
Fresh Issue Size	63,00,000 shares
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	63,00,000 shares
Issue Size Total (Amount)	up to ₹130.41 Cr	up to ₹361.00 Cr

IPO Timetable

GNA Axles IPO opens on Sep 14, 2016, while HPL Electric IPO opens on Sep 22, 2016. The closing date of GNA Axles IPO and HPL Electric IPO is Sep 16, 2016, and Sep 26, 2016, respectively.

	GNA Axles IPO	HPL Electric IPO
Anchor Bid Date
Issue Open	Sep 14, 2016	Sep 22, 2016
Issue Close	Sep 16, 2016	Sep 26, 2016
Basis Of Allotment (Tentative)	Sep 21, 2016	Sep 29, 2016
Initiation of Refunds (Tentative)	Sep 22, 2016	Sep 30, 2016
Credit of Share (Tentative)	Sep 23, 2016	Oct 03, 2016
Listing date (Tentative)	Sep 26, 2016	Oct 04, 2016
Anchor Lockin End date 1	Oct 21, 2016	Oct 29, 2016
Anchor Lockin End date 2	Dec 20, 2016	Dec 28, 2016

Financials

GNA Axles IPO P/E ratio is , as compared to HPL Electric IPO P/E ratio of .

GNA Axles IPO

HPL Electric IPO

Financial

Summary of financial Information
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	4,465.32	4,264.62	3,818.51	3,178.77	2,674.52
Total Revenue	5,089.43	4,306.44	4,042.48	3,490.51	3,986.66
Profit After Tax (PAT)	259.56	215.98	132.65	48.14	169.34

Summary of financial Information
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	13,489.73	11,417.30	9,857.00	9,071.08	7,678.04
Total Revenue	11,201.19	10,498.32	10,122.77	9,075.44	7,188.55
Profit After Tax (PAT)	370.43	344.43	287.84	314.14	287.56

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the GNA Axles IPO retail investors (RII) are offered 21,35,000 shares while in HPL Electric IPO retail investors are offered 21,35,000 shares. Qualified institutional buyers (QIB) are offered 12,20,000 shares in GNA Axles IPO and 41,25,715 shares in HPL Electric IPO.

	GNA Axles IPO	HPL Electric IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	12,20,000 shares	41,25,715 shares
NII	9,15,000 shares	30,94,286 shares
RII	21,35,000 shares	72,20,000 shares
Employee	2,00,000 shares
Others
Total	44,70,000 shares	1,44,40,001 shares

Bids Received (Subscription)

GNA Axles IPO subscribed 54.88x in total, whereas HPL Electric IPO subscribed 8.06x.

	GNA Axles IPO	HPL Electric IPO
QIB (times)	17.18x	5.77x
NII (times)	217.47x	22.20x
Big NII (times)
Small NII (times)
RII (times)	11.84x	3.31x
Employee (times)	0.31x
Other (times)
Total (times)	54.88x	8.06x

Compare with others

GNA Axles IPO	HPL Electric IPO
Sheela Foam IPO	Laurus Labs IPO
PNB Housing Finance IPO	Sheela Foam IPO
Varun Beverages IPO	PNB Housing Finance IPO
Endurance Technologies IPO	Varun Beverages IPO
HPL Electric IPO	Endurance Technologies IPO
L&T Technology IPO	GNA Axles IPO
ICICI Prudential Life IPO	L&T Technology IPO
RBL Bank IPO	ICICI Prudential Life IPO
S P Apparels IPO	RBL Bank IPO
Dilip Buildcon IPO	S P Apparels IPO

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