IndoStar Capital Finance IPO vs Varroc Engineering IPO

Comparision between IndoStar Capital Finance IPO and Varroc Engineering IPO.

IPO Details

IndoStar Capital Finance 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.

	IndoStar Capital Finance 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	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	Citigroup Global Markets India Private Limited Credit Suisse Securities (India) Private Limited Iifl Securities Ltd Kotak Mahindra Capital Company Limited
Registrar	Link Intime India Private Ltd	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 IndoStar Capital Finance IPO is up to ₹1,844.00 Cr whereas the issue size of the Varroc Engineering IPO is up to ₹1,945.77 Cr. The final issue price of IndoStar Capital Finance IPO is ₹572.00 per share and of Varroc Engineering IPO is ₹967.00 per share.

	IndoStar Capital Finance IPO	Varroc Engineering IPO
Face Value	₹10 per share	₹1 per share
Issue Price (Lower)	₹570.00 per share	₹965.00 per share
Issue Price (Upper)	₹572.00 per share	₹967.00 per share
Issue Price (Final)	₹572.00 per share	₹967.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	26 shares	15 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	3,22,37,762 shares	2,01,21,730 shares
Issue Size Total (Amount)	up to ₹1,844.00 Cr	up to ₹1,945.77 Cr

IPO Timetable

IndoStar Capital Finance IPO opens on May 09, 2018, while Varroc Engineering IPO opens on Jun 26, 2018. The closing date of IndoStar Capital Finance IPO and Varroc Engineering IPO is May 11, 2018, and Jun 28, 2018, respectively.

	IndoStar Capital Finance IPO	Varroc Engineering IPO
Anchor Bid Date
Issue Open	May 09, 2018	Jun 26, 2018
Issue Close	May 11, 2018	Jun 28, 2018
Basis Of Allotment (Tentative)	May 16, 2018	Jul 03, 2018
Initiation of Refunds (Tentative)	May 17, 2018	Jul 04, 2018
Credit of Share (Tentative)	May 18, 2018	Jul 05, 2018
Listing date (Tentative)	May 21, 2018	Jul 06, 2018
Anchor Lockin End date 1	Jun 15, 2018	Aug 02, 2018
Anchor Lockin End date 2	Aug 14, 2018	Oct 01, 2018

Financials

IndoStar Capital Finance IPO P/E ratio is , as compared to Varroc Engineering IPO P/E ratio of .

IndoStar Capital Finance IPO

Varroc Engineering IPO

Financial

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

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 IndoStar Capital Finance IPO retail investors (RII) are offered 1,12,98,246 shares while in Varroc Engineering IPO retail investors are offered 1,12,98,246 shares. Qualified institutional buyers (QIB) are offered 64,35,086 shares in IndoStar Capital Finance IPO and 40,24,346 shares in Varroc Engineering IPO.

	IndoStar Capital Finance IPO	Varroc Engineering IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	64,35,086 shares	40,24,346 shares
NII	48,42,106 shares	30,18,260 shares
RII	1,12,98,246 shares	70,42,606 shares
Employee		1,00,000 shares
Others
Total	2,25,75,438 shares	1,41,85,212 shares

Bids Received (Subscription)

IndoStar Capital Finance IPO subscribed 6.65x in total, whereas Varroc Engineering IPO subscribed 3.54x.

	IndoStar Capital Finance IPO	Varroc Engineering IPO
QIB (times)	16.08x	9.15x
NII (times)	6.91x	2.45x
Big NII (times)
Small NII (times)
RII (times)	1.17x	0.84x
Employee (times)		0.63x
Other (times)
Total (times)	6.65x	3.54x

Compare with others

IndoStar Capital Finance IPO	Varroc Engineering IPO
CreditAccess Grameen IPO	Garden Reach Shipbuilders IPO
HDFC AMC IPO	Chalet Hotels Limited IPO
Varroc Engineering IPO	TCNS Clothing IPO
Fine Organic IPO	CreditAccess Grameen IPO
RITES Limited IPO	HDFC AMC IPO
Lemon Tree Hotels IPO	Fine Organic IPO
ICICI Securities IPO	RITES Limited IPO
Mishra Dhatu Nigam IPO	IndoStar Capital Finance IPO
Sandhar Technologies IPO	Lemon Tree Hotels IPO
Karda Construction IPO	ICICI Securities IPO

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