HDFC AMC IPO vs IRCON International IPO

Comparision between HDFC AMC IPO and IRCON International IPO.

IPO Details

HDFC AMC 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.

	HDFC AMC 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	Axis Capital Limited Bofa Securities India Limited Citigroup Global Markets India Private Limited Clsa India Private Limited Hdfc Bank Limited ICICI Securities Limited Iifl Securities Ltd J.P. Morgan India Private Limited Jm Financial Limited Kotak Mahindra Capital Company Limited Morgan Stanley India Company Pvt Ltd Nomura Financial Advisory And Securities (India) Pvt Ltd	Axis Capital Limited Idbi Capital Market Services Limited SBI Capital Markets Limited
Registrar	Kfin Technologies Limited	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 HDFC AMC IPO is up to ₹2,800.33 Cr whereas the issue size of the IRCON International IPO is up to ₹470.49 Cr. The final issue price of HDFC AMC IPO is ₹1,100.00 per share and of IRCON International IPO is ₹475.00 per share.

	HDFC AMC IPO	IRCON International IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹1,095.00 per share	₹470.00 per share
Issue Price (Upper)	₹1,100.00 per share	₹475.00 per share
Issue Price (Final)	₹1,100.00 per share	₹475.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	13 shares	30 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size	2,54,57,555 shares
OFS Issue Size (Amount)
Issue Size Total	2,54,57,555 shares	99,05,157 shares
Issue Size Total (Amount)	up to ₹2,800.33 Cr	up to ₹470.49 Cr

IPO Timetable

HDFC AMC IPO opens on Jul 25, 2018, while IRCON International IPO opens on Sep 17, 2018. The closing date of HDFC AMC IPO and IRCON International IPO is Jul 27, 2018, and Sep 19, 2018, respectively.

	HDFC AMC IPO	IRCON International IPO
Anchor Bid Date
Issue Open	Jul 25, 2018	Sep 17, 2018
Issue Close	Jul 27, 2018	Sep 19, 2018
Basis Of Allotment (Tentative)	Aug 01, 2018	Sep 25, 2018
Initiation of Refunds (Tentative)	Aug 02, 2018	Sep 26, 2018
Credit of Share (Tentative)	Aug 03, 2018	Sep 26, 2018
Listing date (Tentative)	Aug 06, 2018	Sep 28, 2018
Anchor Lockin End date 1	Aug 31, 2018	Oct 25, 2018
Anchor Lockin End date 2	Oct 30, 2018	Dec 24, 2018

Financials

HDFC AMC IPO P/E ratio is , as compared to IRCON International IPO P/E ratio of .

HDFC AMC IPO

IRCON International IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Millions)
	31-Dec-17	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	25,831.58	15,995.90	14,227.17	13,117.50	11,213.36	8,294.39
Total Revenue	13,167.21	15,879.10	14,943.42	10,642.76	9,031.14	7,839.76
Profit After Tax	4,955.55	5,502.46	4,778.80	4,155.00	3,577.70	3,187.46

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 HDFC AMC IPO retail investors (RII) are offered 77,62,145 shares while in IRCON International IPO retail investors are offered 77,62,145 shares. Qualified institutional buyers (QIB) are offered 44,35,511 shares in HDFC AMC IPO and 47,02,578 shares in IRCON International IPO.

	HDFC AMC IPO	IRCON International IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	44,35,511 shares	47,02,578 shares
NII	33,26,634 shares	14,10,774 shares
RII	77,62,145 shares	32,91,805 shares
Employee	8,80,000 shares	5,00,000 shares
Others
Total	1,88,04,290 shares	99,05,157 shares

Bids Received (Subscription)

HDFC AMC IPO subscribed 82.99x in total, whereas IRCON International IPO subscribed 9.77x.

	HDFC AMC IPO	IRCON International IPO
QIB (times)	192.26x	12.29x
NII (times)	195.15x	4.92x
Big NII (times)
Small NII (times)
RII (times)	6.57x	9.66x
Employee (times)	1.51x	0.36x
Other (times)	2.65x
Total (times)	82.99x	9.77x

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