Garden Reach Shipbuilders IPO vs IRCON International IPO

Comparision between Garden Reach Shipbuilders IPO and IRCON International IPO.

IPO Details

Garden Reach Shipbuilders IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while IRCON International IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Garden Reach Shipbuilders IPO	IRCON International 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 Yes Securities (India) Limited	Axis Capital Limited Idbi Capital Market Services 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 Garden Reach Shipbuilders IPO is up to ₹344.69 Cr whereas the issue size of the IRCON International IPO is up to ₹470.49 Cr. The final issue price of Garden Reach Shipbuilders IPO is ₹118.00 per share and of IRCON International IPO is ₹475.00 per share.

	Garden Reach Shipbuilders IPO	IRCON International IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹114.00 per share	₹470.00 per share
Issue Price (Upper)	₹118.00 per share	₹475.00 per share
Issue Price (Final)	₹118.00 per share	₹475.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	120 shares	30 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	2,92,10,760 shares	99,05,157 shares
Issue Size Total (Amount)	up to ₹344.69 Cr	up to ₹470.49 Cr

IPO Timetable

Garden Reach Shipbuilders IPO opens on Sep 24, 2018, while IRCON International IPO opens on Sep 17, 2018. The closing date of Garden Reach Shipbuilders IPO and IRCON International IPO is Oct 01, 2018, and Sep 19, 2018, respectively.

	Garden Reach Shipbuilders IPO	IRCON International IPO
Anchor Bid Date
Issue Open	Sep 24, 2018	Sep 17, 2018
Issue Close	Oct 01, 2018	Sep 19, 2018
Basis Of Allotment (Tentative)	Oct 01, 2018	Sep 25, 2018
Initiation of Refunds (Tentative)	Oct 03, 2018	Sep 26, 2018
Credit of Share (Tentative)	Oct 03, 2018	Sep 26, 2018
Listing date (Tentative)	Oct 10, 2018	Sep 28, 2018
Anchor Lockin End date 1	Oct 31, 2018	Oct 25, 2018
Anchor Lockin End date 2	Dec 30, 2018	Dec 24, 2018

Financials

Garden Reach Shipbuilders IPO P/E ratio is , as compared to IRCON International IPO P/E ratio of .

Garden Reach Shipbuilders IPO

IRCON International IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Millions)
	30-Sep-17	31-Mar-17	31-Mar-16	31-Mar-15(Proforma)
Total Assets	46,999.32	45,650.04	44,514.94	40,009.76
Total Revenue	5,8583.93	11,579.57	18,467.47	16,391.63
Profit After Tax	180.69	122.32	1,620.47	517.28

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (in Rs. Million)
	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15 (Proforma)	31-Mar-14	31-Mar-13
Total Assets	127,782.22	92.314.11	81,394.06	65,210.01	62,134.65	62,389.08
Total Revenue	42,124.02	33,013.48	29,086.37	33,325.05	41,507.70	45,431.58
Profit After Tax	4,115.80	3,839.78	3,931.08	5,630.31	7,469.80	8,048.95

Summary of financial Information (Restated Standalone)
Particulars	For the year/period ended (in Rs. Millions)
	31-Marc-18	31-Mar-17	31-Mar-16	31-Mar-15(Proforma)	31-Mar-14	31-Mar-13
Total Assets	1,27,079.37	91,676.27	81,367.77	65,287.03	61,718.40	62,393.25
Total Revenue	41,230.59	33,544.28	28,343.49	32,192.33	41,588.22	45,600.59
Profit After Tax	3,908.60	3,688.51	3,693.04	5,591.28	7,403.85	8,131.88

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Garden Reach Shipbuilders IPO retail investors (RII) are offered 1,00,23,300 shares while in IRCON International IPO retail investors are offered 1,00,23,300 shares. Qualified institutional buyers (QIB) are offered 1,43,19,000 shares in Garden Reach Shipbuilders IPO and 47,02,578 shares in IRCON International IPO.

	Garden Reach Shipbuilders IPO	IRCON International IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,43,19,000 shares	47,02,578 shares
NII	42,95,700 shares	14,10,774 shares
RII	1,00,23,300 shares	32,91,805 shares
Employee	5,72,760 shares	5,00,000 shares
Others
Total	2,92,10,760 shares	99,05,157 shares

Bids Received (Subscription)

Garden Reach Shipbuilders IPO subscribed 1.02x in total, whereas IRCON International IPO subscribed 9.77x.

	Garden Reach Shipbuilders IPO	IRCON International IPO
QIB (times)	1.81x	12.29x
NII (times)	0.31x	4.92x
Big NII (times)
Small NII (times)
RII (times)	0.24x	9.66x
Employee (times)	0.14x	0.36x
Other (times)
Total (times)	1.02x	9.77x

Compare with others

Garden Reach Shipbuilders IPO	IRCON International IPO
Embassy Office Parks	Metropolis IPO
MSTC IPO	Embassy Office Parks
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Aavas Financiers IPO	Xelpmoc Design and Tech IPO
IRCON International IPO	Aavas Financiers IPO
Chalet Hotels Limited IPO	Garden Reach Shipbuilders IPO
TCNS Clothing IPO	Chalet Hotels Limited IPO
CreditAccess Grameen IPO	TCNS Clothing IPO
HDFC AMC IPO	CreditAccess Grameen IPO
Varroc Engineering IPO	HDFC AMC IPO

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