ICICI Securities IPO vs IndoStar Capital Finance IPO

Comparision between ICICI Securities IPO and IndoStar Capital Finance IPO.

IPO Details

ICICI Securities IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while IndoStar Capital Finance IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	ICICI Securities IPO	IndoStar Capital Finance 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	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	Jm Financial Limited Kotak Mahindra Capital Company Limited Morgan Stanley India Company Pvt Ltd Motilal Oswal Investment Advisors Limited Nomura Financial Advisory And Securities (India) Pvt Ltd
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 ICICI Securities IPO is up to ₹4,016.97 Cr whereas the issue size of the IndoStar Capital Finance IPO is up to ₹1,844.00 Cr. The final issue price of ICICI Securities IPO is ₹520.00 per share and of IndoStar Capital Finance IPO is ₹572.00 per share.

	ICICI Securities IPO	IndoStar Capital Finance IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹519.00 per share	₹570.00 per share
Issue Price (Upper)	₹520.00 per share	₹572.00 per share
Issue Price (Final)	₹520.00 per share	₹572.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	28 shares	26 shares
Fresh Issue Size
Fresh Issue Size (Amount)		up to ₹700.00 Cr
OFS Issue Size		2,00,00,000 shares
OFS Issue Size (Amount)
Issue Size Total	7,72,49,508 shares	3,22,37,762 shares
Issue Size Total (Amount)	up to ₹4,016.97 Cr	up to ₹1,844.00 Cr

IPO Timetable

ICICI Securities IPO opens on Mar 22, 2018, while IndoStar Capital Finance IPO opens on May 09, 2018. The closing date of ICICI Securities IPO and IndoStar Capital Finance IPO is Mar 26, 2018, and May 11, 2018, respectively.

	ICICI Securities IPO	IndoStar Capital Finance IPO
Anchor Bid Date
Issue Open	Mar 22, 2018	May 09, 2018
Issue Close	Mar 26, 2018	May 11, 2018
Basis Of Allotment (Tentative)	Apr 02, 2018	May 16, 2018
Initiation of Refunds (Tentative)	Apr 03, 2018	May 17, 2018
Credit of Share (Tentative)	Apr 04, 2018	May 18, 2018
Listing date (Tentative)	Apr 04, 2018	May 21, 2018
Anchor Lockin End date 1	May 02, 2018	Jun 15, 2018
Anchor Lockin End date 2	Jul 01, 2018	Aug 14, 2018

Financials

ICICI Securities IPO P/E ratio is , as compared to IndoStar Capital Finance IPO P/E ratio of .

ICICI Securities IPO

IndoStar Capital Finance 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	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

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Millions)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	54,853.65	46,922.73	39,916.86	31,608.02	22,070.85
Total Revenue	7,155.42	6,413.79	5,280.56	3,969.05	2,415.77
Profit After Tax	2,090.38	1,910.16	1,490.65	1,121.36	900.94

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the ICICI Securities IPO retail investors (RII) are offered 73,38,703 shares while in IndoStar Capital Finance IPO retail investors are offered 73,38,703 shares. Qualified institutional buyers (QIB) are offered 2,20,16,111 shares in ICICI Securities IPO and 64,35,086 shares in IndoStar Capital Finance IPO.

	ICICI Securities IPO	IndoStar Capital Finance IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	2,20,16,111 shares	64,35,086 shares
NII	1,10,08,054 shares	48,42,106 shares
RII	73,38,703 shares	1,12,98,246 shares
Employee
Others
Total	4,42,25,343 shares	2,25,75,438 shares

Bids Received (Subscription)

ICICI Securities IPO subscribed 0.78x in total, whereas IndoStar Capital Finance IPO subscribed 6.65x.

	ICICI Securities IPO	IndoStar Capital Finance IPO
QIB (times)	1.04x	16.08x
NII (times)	0.36x	6.91x
Big NII (times)
Small NII (times)
RII (times)	0.89x	1.17x
Employee (times)
Other (times)	0.34x
Total (times)	0.78x	6.65x

Compare with others

ICICI Securities IPO	IndoStar Capital Finance IPO
Varroc Engineering IPO	CreditAccess Grameen IPO
Fine Organic IPO	HDFC AMC IPO
RITES Limited IPO	Varroc Engineering IPO
IndoStar Capital Finance IPO	Fine Organic IPO
Lemon Tree Hotels IPO	RITES Limited IPO
Mishra Dhatu Nigam IPO	Lemon Tree Hotels IPO
Sandhar Technologies IPO	ICICI Securities IPO
Karda Construction IPO	Mishra Dhatu Nigam IPO
Hindustan Aeronautics IPO	Sandhar Technologies IPO
Bharat Dynamics IPO	Karda Construction IPO

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