GTPL Hathway IPO vs PSP Projects IPO

Comparision between GTPL Hathway IPO and PSP Projects IPO.

IPO Details

GTPL Hathway IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while PSP Projects IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	GTPL Hathway IPO	PSP Projects 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	Bnp Paribas Jm Financial Limited Motilal Oswal Investment Advisors Limited Yes Securities (India) Limited	Karvy Investor Services Limited Motilal Oswal Investment Advisors 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 GTPL Hathway IPO is up to ₹484.80 Cr whereas the issue size of the PSP Projects IPO is up to ₹211.68 Cr. The final issue price of GTPL Hathway IPO is ₹170.00 per share and of PSP Projects IPO is ₹210.00 per share.

	GTPL Hathway IPO	PSP Projects IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹167.00 per share	₹205.00 per share
Issue Price (Upper)	₹170.00 per share	₹210.00 per share
Issue Price (Final)	₹170.00 per share	₹210.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	88 shares	70 shares
Fresh Issue Size		72,00,000 shares
Fresh Issue Size (Amount)	up to ₹240.00 Cr
OFS Issue Size	1,44,00,000 shares	28,80,000 shares
OFS Issue Size (Amount)
Issue Size Total	2,85,17,650 shares	1,00,80,000 shares
Issue Size Total (Amount)	up to ₹484.80 Cr	up to ₹211.68 Cr

IPO Timetable

GTPL Hathway IPO opens on Jun 21, 2017, while PSP Projects IPO opens on May 17, 2017. The closing date of GTPL Hathway IPO and PSP Projects IPO is Jun 23, 2017, and May 19, 2017, respectively.

	GTPL Hathway IPO	PSP Projects IPO
Anchor Bid Date
Issue Open	Jun 21, 2017	May 17, 2017
Issue Close	Jun 23, 2017	May 19, 2017
Basis Of Allotment (Tentative)	Jun 29, 2017	May 24, 2017
Initiation of Refunds (Tentative)	Jun 30, 2017	May 26, 2017
Credit of Share (Tentative)	Jul 03, 2017	May 26, 2017
Listing date (Tentative)	Jul 04, 2017	May 29, 2017
Anchor Lockin End date 1	Jul 29, 2017	Jun 23, 2017
Anchor Lockin End date 2	Sep 27, 2017	Aug 22, 2017

Financials

GTPL Hathway IPO P/E ratio is , as compared to PSP Projects IPO P/E ratio of .

GTPL Hathway IPO

PSP Projects IPO

Financial

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (in Rs. Million)
	31-Dec-16	31-Mar-16	31-Mar-15	31-Mar-14
Total Assets	16,969.16	14,910.26	11,231.49	10,722.93
Total Revenue	6,634.61	7,462.03	6,272.01	5,288.09
Profit After Tax	163.01	45.98	154.85	(84.62)

Summary of financial Information
Particulars	For the year/period ended (in Rs. Million)
	31-Dec-16	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12
Total Assets	2,741.50	2,287.13	1,863.78	1,362.71	1,009.60	918.53
Total Revenue	2,494.15	4,677.14	2,869.67	2,147.97	2,609.69	1,807.53
Profit After Tax (PAT)	214.83	249.31	140.54	100.70	122.50	83.52

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the GTPL Hathway IPO retail investors (RII) are offered 1,00,69,941 shares while in PSP Projects IPO retail investors are offered 1,00,69,941 shares. Qualified institutional buyers (QIB) are offered 58,30,336 shares in GTPL Hathway IPO and 30,24,000 shares in PSP Projects IPO.

	GTPL Hathway IPO	PSP Projects IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	58,30,336 shares	30,24,000 shares
NII	43,15,689 shares	15,12,000 shares
RII	1,00,69,941 shares	10,08,000 shares
Employee
Others
Total	2,02,15,966 shares	55,44,000 shares

Bids Received (Subscription)

GTPL Hathway IPO subscribed 1.53x in total, whereas PSP Projects IPO subscribed 8.58x.

	GTPL Hathway IPO	PSP Projects IPO
QIB (times)	1.48x	8.38x
NII (times)	2.85x	10.39x
Big NII (times)
Small NII (times)
RII (times)	0.99x	6.47x
Employee (times)
Other (times)
Total (times)	1.53x	8.58x

Compare with others

GTPL Hathway IPO	PSP Projects IPO
Apex Frozen Foods IPO	Au Financiers IPO
SiS IPO	GTPL Hathway IPO
Cochin Shipyard IPO	Eris Lifesciences IPO
Salasar Techno IPO	Tejas Networks IPO
Au Financiers IPO	IndiGrid InvIT Fund
Eris Lifesciences IPO	IRB InvIT Fund IPO
Tejas Networks IPO	S Chand and Company IPO
IndiGrid InvIT Fund	HUDCO IPO
PSP Projects IPO	Shankara Buildpro IPO
IRB InvIT Fund IPO	CL Educate IPO

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