Bharat Dynamics IPO vs Hindustan Aeronautics IPO

Comparision between Bharat Dynamics IPO and Hindustan Aeronautics IPO.

IPO Details

Bharat Dynamics IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Hindustan Aeronautics IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Bharat Dynamics IPO	Hindustan Aeronautics 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	Idbi Capital Market Services Limited SBI Capital Markets Limited Yes Securities (India) Limited	Axis Capital Limited SBI Capital Markets Limited
Registrar	Alankit Assignments 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 Bharat Dynamics IPO is up to ₹960.94 Cr whereas the issue size of the Hindustan Aeronautics IPO is up to ₹4,144.06 Cr. The final issue price of Bharat Dynamics IPO is ₹428.00 per share and of Hindustan Aeronautics IPO is ₹1,215.00 per share.

	Bharat Dynamics IPO	Hindustan Aeronautics IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹413.00 per share	₹1,215.00 per share
Issue Price (Upper)	₹428.00 per share	₹1,240.00 per share
Issue Price (Final)	₹428.00 per share	₹1,215.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	35 shares	12 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size		3,41,07,525 shares
OFS Issue Size (Amount)
Issue Size Total	2,24,51,953 shares	3,41,07,525 shares
Issue Size Total (Amount)	up to ₹960.94 Cr	up to ₹4,144.06 Cr

IPO Timetable

Bharat Dynamics IPO opens on Mar 13, 2018, while Hindustan Aeronautics IPO opens on Mar 16, 2018. The closing date of Bharat Dynamics IPO and Hindustan Aeronautics IPO is Mar 15, 2018, and Mar 20, 2018, respectively.

	Bharat Dynamics IPO	Hindustan Aeronautics IPO
Anchor Bid Date
Issue Open	Mar 13, 2018	Mar 16, 2018
Issue Close	Mar 15, 2018	Mar 20, 2018
Basis Of Allotment (Tentative)		Mar 26, 2018
Initiation of Refunds (Tentative)		Mar 27, 2018
Credit of Share (Tentative)		Mar 27, 2018
Listing date (Tentative)		Mar 28, 2018
Anchor Lockin End date 1		Apr 25, 2018
Anchor Lockin End date 2		Jun 24, 2018

Financials

Bharat Dynamics IPO P/E ratio is , as compared to Hindustan Aeronautics IPO P/E ratio of .

Bharat Dynamics IPO

Hindustan Aeronautics IPO

Financial

Summary of financial Information (Restated Standalone)
Particulars	For the year/period ended (in Rs. million)
	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	86,007.92	96,406.32	84,119.70
Total Revenue	51,980.73	46,013.75	32,532.28
Profit After Tax	4,903.19	5,620.69	4,435.48

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. million)
	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	515,523	565,319	624,203
Total Revenue	195,969	187,548	173,620
Profit After Tax	26,247	20,043	9,941

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Bharat Dynamics IPO retail investors (RII) are offered 76,97,813 shares while in Hindustan Aeronautics IPO retail investors are offered 76,97,813 shares. Qualified institutional buyers (QIB) are offered 1,09,96,874 shares in Bharat Dynamics IPO and 1,67,19,374 shares in Hindustan Aeronautics IPO.

	Bharat Dynamics IPO	Hindustan Aeronautics IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,09,96,874 shares	1,67,19,374 shares
NII	32,99,063 shares	50,15,813 shares
RII	76,97,813 shares	1,17,03,563 shares
Employee	4,58,203 shares	6,68,775 shares
Others
Total	2,24,51,953 shares	3,41,07,525 shares

Bids Received (Subscription)

Bharat Dynamics IPO subscribed 1.29x in total, whereas Hindustan Aeronautics IPO subscribed 0.99x.

	Bharat Dynamics IPO	Hindustan Aeronautics IPO
QIB (times)	1.50x	1.73x
NII (times)	0.50x	0.03x
Big NII (times)
Small NII (times)
RII (times)	1.37x	0.39x
Employee (times)	0.40x	0.21x
Other (times)
Total (times)	1.29x	0.99x

Compare with others

Bharat Dynamics IPO	Hindustan Aeronautics IPO
ICICI Securities IPO	Lemon Tree Hotels IPO
Mishra Dhatu Nigam IPO	ICICI Securities IPO
Sandhar Technologies IPO	Mishra Dhatu Nigam IPO
Karda Construction IPO	Sandhar Technologies IPO
Hindustan Aeronautics IPO	Karda Construction IPO
Bandhan Bank IPO	Bharat Dynamics IPO
HG Infra IPO	Bandhan Bank IPO
Aster DM Healthcare IPO	HG Infra IPO
Galaxy Surfactants IPO	Aster DM Healthcare IPO
Amber Enterprises IPO	Galaxy Surfactants IPO

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