IndiGrid InvIT Fund vs Salasar Techno IPO

Comparision between IndiGrid InvIT Fund and Salasar Techno IPO.

IPO Details

IndiGrid InvIT Fund is a Mainline Fixed Price Issue IPO proposed to list at BSE, NSE while Salasar Techno IPO is a Mainline Fixed Price Issue proposed to list at BSE, NSE.

	IndiGrid InvIT Fund	Salasar Techno IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Citigroup Global Markets India Private Limited Edelweiss Financial Services Ltd Morgan Stanley India Company Pvt Ltd	Sarthi Capital Advisors Private Limited
Registrar	Kfin Technologies Limited	Bigshare Services Pvt Ltd
Market Maker
DRHP
RHP		RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of IndiGrid InvIT Fund is up to ₹2,250.00 Cr whereas the issue size of the Salasar Techno IPO is up to ₹35.87 Cr. The final issue price of IndiGrid InvIT Fund is ₹100.00 per share and of Salasar Techno IPO is ₹108.00 per share.

	IndiGrid InvIT Fund	Salasar Techno IPO
Face Value	₹100 per share	₹10 per share
Issue Price (Lower)	₹98.00 per share
Issue Price (Upper)	₹100.00 per share
Issue Price (Final)	₹100.00 per share	₹108.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	10205 shares	125 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	22,50,00,000 shares	33,21,000 shares
Issue Size Total (Amount)	up to ₹2,250.00 Cr	up to ₹35.87 Cr

IPO Timetable

IndiGrid InvIT Fund opens on May 17, 2017, while Salasar Techno IPO opens on Jul 12, 2017. The closing date of IndiGrid InvIT Fund and Salasar Techno IPO is May 19, 2017, and Jul 17, 2017, respectively.

	IndiGrid InvIT Fund	Salasar Techno IPO
Anchor Bid Date
Issue Open	May 17, 2017	Jul 12, 2017
Issue Close	May 19, 2017	Jul 17, 2017
Basis Of Allotment (Tentative)
Initiation of Refunds (Tentative)
Credit of Share (Tentative)
Listing date (Tentative)
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

IndiGrid InvIT Fund P/E ratio is , as compared to Salasar Techno IPO P/E ratio of .

IndiGrid InvIT Fund

Salasar Techno IPO

Financial

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (in Rs. Million)
	30-Sep-16	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12
Total Assets	1,678.71	1,540.29	1,457.10	1,667.45	1,114.96	989.02
Total Revenue	1,472.79	2,768.14	2,761.20	2,452.23	1,675.12	1,069.75
Profit After Tax	75.39	102.00	46.13	54.99	30.47	64.62

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the IndiGrid InvIT Fund retail investors (RII) are offered while in Salasar Techno IPO retail investors are offered . Qualified institutional buyers (QIB) are offered 6,88,80,294 shares in IndiGrid InvIT Fund and 0 shares in Salasar Techno IPO.

	IndiGrid InvIT Fund	Salasar Techno IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	6,88,80,294 shares	0 shares
NII		16,60,500 shares
RII		16,60,500 shares
Employee
Others
Total	12,62,78,838 shares	33,21,000 shares

Bids Received (Subscription)

IndiGrid InvIT Fund subscribed 1.35x in total, whereas Salasar Techno IPO subscribed 273.05x.

	IndiGrid InvIT Fund	Salasar Techno IPO
QIB (times)	1.14x	9,999.00x
NII (times)		478.39x
Big NII (times)
Small NII (times)
RII (times)		58.92x
Employee (times)
Other (times)	1.60x
Total (times)	1.35x	273.05x

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