Bharat Dynamics IPO vs ICICI Securities IPO

Comparision between Bharat Dynamics IPO and ICICI Securities IPO.

IPO Details

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

	Bharat Dynamics IPO	ICICI Securities 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	Bofa Securities India Limited Citigroup Global Markets India Private Limited Clsa India Private Limited Edelweiss Financial Services Ltd Iifl Securities Ltd 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 ICICI Securities IPO is up to ₹4,016.97 Cr. The final issue price of Bharat Dynamics IPO is ₹428.00 per share and of ICICI Securities IPO is ₹520.00 per share.

	Bharat Dynamics IPO	ICICI Securities IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹413.00 per share	₹519.00 per share
Issue Price (Upper)	₹428.00 per share	₹520.00 per share
Issue Price (Final)	₹428.00 per share	₹520.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	35 shares	28 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	2,24,51,953 shares	7,72,49,508 shares
Issue Size Total (Amount)	up to ₹960.94 Cr	up to ₹4,016.97 Cr

IPO Timetable

Bharat Dynamics IPO opens on Mar 13, 2018, while ICICI Securities IPO opens on Mar 22, 2018. The closing date of Bharat Dynamics IPO and ICICI Securities IPO is Mar 15, 2018, and Mar 26, 2018, respectively.

	Bharat Dynamics IPO	ICICI Securities IPO
Anchor Bid Date
Issue Open	Mar 13, 2018	Mar 22, 2018
Issue Close	Mar 15, 2018	Mar 26, 2018
Basis Of Allotment (Tentative)		Apr 02, 2018
Initiation of Refunds (Tentative)		Apr 03, 2018
Credit of Share (Tentative)		Apr 04, 2018
Listing date (Tentative)		Apr 04, 2018
Anchor Lockin End date 1		May 02, 2018
Anchor Lockin End date 2		Jul 01, 2018

Financials

Bharat Dynamics IPO P/E ratio is , as compared to ICICI Securities IPO P/E ratio of .

Bharat Dynamics IPO

ICICI Securities 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 Standalone)
Particulars	For the year/period ended (in Rs. million)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	20,401.6	13,920.2	13,611.4	16,203.7	9,029.2
Total Revenue	14,039.0	11,235.6	12,094.6	8,117.4	7,049.7
Profit After Tax	3,376.1	2,357.4	2,439.6	733.0	756.6

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 ICICI Securities 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 2,20,16,111 shares in ICICI Securities IPO.

	Bharat Dynamics IPO	ICICI Securities IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,09,96,874 shares	2,20,16,111 shares
NII	32,99,063 shares	1,10,08,054 shares
RII	76,97,813 shares	73,38,703 shares
Employee	4,58,203 shares
Others
Total	2,24,51,953 shares	4,42,25,343 shares

Bids Received (Subscription)

Bharat Dynamics IPO subscribed 1.29x in total, whereas ICICI Securities IPO subscribed 0.78x.

	Bharat Dynamics IPO	ICICI Securities IPO
QIB (times)	1.50x	1.04x
NII (times)	0.50x	0.36x
Big NII (times)
Small NII (times)
RII (times)	1.37x	0.89x
Employee (times)	0.40x
Other (times)		0.34x
Total (times)	1.29x	0.78x

Compare with others

Bharat Dynamics IPO	ICICI Securities IPO
ICICI Securities IPO	Varroc Engineering IPO
Mishra Dhatu Nigam IPO	Fine Organic IPO
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Bandhan Bank IPO	Mishra Dhatu Nigam IPO
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Aster DM Healthcare IPO	Karda Construction IPO
Galaxy Surfactants IPO	Hindustan Aeronautics IPO
Amber Enterprises IPO	Bharat Dynamics IPO

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