HDFC AMC IPO vs Varroc Engineering IPO

Comparision between HDFC AMC IPO and Varroc Engineering IPO.

IPO Details

HDFC AMC IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Varroc Engineering IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	HDFC AMC IPO	Varroc Engineering 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 Bofa Securities India Limited Citigroup Global Markets India Private Limited Clsa India Private Limited Hdfc Bank Limited ICICI Securities Limited Iifl Securities Ltd J.P. Morgan India Private Limited Jm Financial Limited Kotak Mahindra Capital Company Limited Morgan Stanley India Company Pvt Ltd Nomura Financial Advisory And Securities (India) Pvt Ltd	Citigroup Global Markets India Private Limited Credit Suisse Securities (India) Private Limited Iifl Securities Ltd Kotak Mahindra Capital Company Limited
Registrar	Kfin Technologies Limited	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 HDFC AMC IPO is up to ₹2,800.33 Cr whereas the issue size of the Varroc Engineering IPO is up to ₹1,945.77 Cr. The final issue price of HDFC AMC IPO is ₹1,100.00 per share and of Varroc Engineering IPO is ₹967.00 per share.

	HDFC AMC IPO	Varroc Engineering IPO
Face Value	₹5 per share	₹1 per share
Issue Price (Lower)	₹1,095.00 per share	₹965.00 per share
Issue Price (Upper)	₹1,100.00 per share	₹967.00 per share
Issue Price (Final)	₹1,100.00 per share	₹967.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	13 shares	15 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size	2,54,57,555 shares
OFS Issue Size (Amount)
Issue Size Total	2,54,57,555 shares	2,01,21,730 shares
Issue Size Total (Amount)	up to ₹2,800.33 Cr	up to ₹1,945.77 Cr

IPO Timetable

HDFC AMC IPO opens on Jul 25, 2018, while Varroc Engineering IPO opens on Jun 26, 2018. The closing date of HDFC AMC IPO and Varroc Engineering IPO is Jul 27, 2018, and Jun 28, 2018, respectively.

	HDFC AMC IPO	Varroc Engineering IPO
Anchor Bid Date
Issue Open	Jul 25, 2018	Jun 26, 2018
Issue Close	Jul 27, 2018	Jun 28, 2018
Basis Of Allotment (Tentative)	Aug 01, 2018	Jul 03, 2018
Initiation of Refunds (Tentative)	Aug 02, 2018	Jul 04, 2018
Credit of Share (Tentative)	Aug 03, 2018	Jul 05, 2018
Listing date (Tentative)	Aug 06, 2018	Jul 06, 2018
Anchor Lockin End date 1	Aug 31, 2018	Aug 02, 2018
Anchor Lockin End date 2	Oct 30, 2018	Oct 01, 2018

Financials

HDFC AMC IPO P/E ratio is , as compared to Varroc Engineering IPO P/E ratio of .

HDFC AMC IPO

Varroc Engineering IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Millions)
	31-Dec-17	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	25,831.58	15,995.90	14,227.17	13,117.50	11,213.36	8,294.39
Total Revenue	13,167.21	15,879.10	14,943.42	10,642.76	9,031.14	7,839.76
Profit After Tax	4,955.55	5,502.46	4,778.80	4,155.00	3,577.70	3,187.46

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Million)
	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	68,523.92	58,603.80	52,458.55	44,284.68
Total Revenue	104,170.67	97,022.69	82,395.20	70,384.64
Profit After Tax	4,507.77	3,033.89	3,698.23	168.09

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the HDFC AMC IPO retail investors (RII) are offered 77,62,145 shares while in Varroc Engineering IPO retail investors are offered 77,62,145 shares. Qualified institutional buyers (QIB) are offered 44,35,511 shares in HDFC AMC IPO and 40,24,346 shares in Varroc Engineering IPO.

	HDFC AMC IPO	Varroc Engineering IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	44,35,511 shares	40,24,346 shares
NII	33,26,634 shares	30,18,260 shares
RII	77,62,145 shares	70,42,606 shares
Employee	8,80,000 shares	1,00,000 shares
Others
Total	1,88,04,290 shares	1,41,85,212 shares

Bids Received (Subscription)

HDFC AMC IPO subscribed 82.99x in total, whereas Varroc Engineering IPO subscribed 3.54x.

	HDFC AMC IPO	Varroc Engineering IPO
QIB (times)	192.26x	9.15x
NII (times)	195.15x	2.45x
Big NII (times)
Small NII (times)
RII (times)	6.57x	0.84x
Employee (times)	1.51x	0.63x
Other (times)	2.65x
Total (times)	82.99x	3.54x

Compare with others

HDFC AMC IPO	Varroc Engineering IPO
IRCON International IPO	Garden Reach Shipbuilders IPO
Garden Reach Shipbuilders IPO	Chalet Hotels Limited IPO
Chalet Hotels Limited IPO	TCNS Clothing IPO
TCNS Clothing IPO	CreditAccess Grameen IPO
CreditAccess Grameen IPO	HDFC AMC IPO
Varroc Engineering IPO	Fine Organic IPO
Fine Organic IPO	RITES Limited IPO
RITES Limited IPO	IndoStar Capital Finance IPO
IndoStar Capital Finance IPO	Lemon Tree Hotels IPO
Lemon Tree Hotels IPO	ICICI Securities IPO

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