IRCTC IPO vs Prince Pipes IPO

Comparision between IRCTC IPO and Prince Pipes IPO.

IPO Details

IRCTC IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Prince Pipes IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	IRCTC IPO	Prince Pipes 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 SBI Capital Markets Limited Yes Securities (India) Limited	Edelweiss Financial Services Ltd Jm Financial Limited
Registrar	Alankit Assignments 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 IRCTC IPO is up to ₹645.12 Cr whereas the issue size of the Prince Pipes IPO is up to ₹500.00 Cr. The final issue price of IRCTC IPO is ₹320.00 per share and of Prince Pipes IPO is ₹178.00 per share.

	IRCTC IPO	Prince Pipes IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹315.00 per share	₹177.00 per share
Issue Price (Upper)	₹320.00 per share	₹178.00 per share
Issue Price (Final)	₹320.00 per share	₹178.00 per share
Discount (Retail)	₹10.00 per share
Discount (Employee)	₹10.00 per share
Market Lot Size	40 shares	84 shares
Fresh Issue Size
Fresh Issue Size (Amount)		up to ₹250.00 Cr
OFS Issue Size	2,01,60,000 shares
OFS Issue Size (Amount)		up to ₹250.00 Cr
Issue Size Total	2,01,60,000 shares	2,82,48,586 shares
Issue Size Total (Amount)	up to ₹645.12 Cr	up to ₹500.00 Cr

IPO Timetable

IRCTC IPO opens on Sep 30, 2019, while Prince Pipes IPO opens on Dec 18, 2019. The closing date of IRCTC IPO and Prince Pipes IPO is Oct 03, 2019, and Dec 20, 2019, respectively.

	IRCTC IPO	Prince Pipes IPO
Anchor Bid Date
Issue Open	Sep 30, 2019	Dec 18, 2019
Issue Close	Oct 03, 2019	Dec 20, 2019
Basis Of Allotment (Tentative)	Oct 09, 2019	Dec 26, 2019
Initiation of Refunds (Tentative)	Oct 10, 2019	Dec 27, 2019
Credit of Share (Tentative)	Oct 11, 2019	Dec 30, 2019
Listing date (Tentative)	Oct 14, 2019	Dec 30, 2019
Anchor Lockin End date 1	Nov 08, 2019	Jan 25, 2020
Anchor Lockin End date 2	Jan 07, 2020	Mar 25, 2020

Financials

IRCTC IPO P/E ratio is , as compared to Prince Pipes IPO P/E ratio of 18.35.

IRCTC IPO

Prince Pipes IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. 10 Lakhs)
	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	25,837.80	23,191.06	18,264.54
Total Revenue	19,566.60	15,695.60	16,028.50
Profit After Tax	2,725.95	2,206.19	2,290.81

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Millions)
	Three months period ended on 30-June-2019	31-Mar-19	31-Mar-18	31-Mar-17	31-Mar-16
Total Assets	10,144.57	10,404.13	9,798.77	7,605.05	6,533.00
Total Revenue	3,801.92	15,789.95	13,265.71	13,324.95	10,816.18
Profit After Tax	266.69	833.51	727.66	741.82	295.35

Promoter Shareholding (Pre-Issue)

100%

90.06%

Promoter Shareholding (Post-Issue)

87.40%

65.80%

P/E Ratio

18.35

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the IRCTC IPO retail investors (RII) are offered 70,00,000 shares while in Prince Pipes IPO retail investors are offered 70,00,000 shares. Qualified institutional buyers (QIB) are offered 1,00,00,000 shares in IRCTC IPO and 56,49,718 shares in Prince Pipes IPO.

	IRCTC IPO	Prince Pipes IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,00,00,000 shares	56,49,718 shares
NII	30,00,000 shares	42,37,288 shares
RII	70,00,000 shares	98,87,006 shares
Employee	1,60,000 shares
Others
Total	2,01,60,000 shares	1,97,74,012 shares

Bids Received (Subscription)

IRCTC IPO subscribed 111.91x in total, whereas Prince Pipes IPO subscribed 2.21x.

	IRCTC IPO	Prince Pipes IPO
QIB (times)	108.79x	3.54x
NII (times)	354.52x	1.21x
Big NII (times)
Small NII (times)
RII (times)	14.83x	1.89x
Employee (times)	5.81x
Other (times)
Total (times)	111.91x	2.21x

Compare with others

IRCTC IPO	Prince Pipes IPO
Equitas Small Finance Bank IPO	UTI AMC IPO
Prince Pipes IPO	Mindspace REIT
SBI Cards IPO	Yes Bank FPO
Ujjivan Bank IPO	Rossari Biotech IPO
CSB Bank IPO	Equitas Small Finance Bank IPO
Vishwaraj IPO	SBI Cards IPO
Sterling and Wilson IPO	Ujjivan Bank IPO
Spandana Sphoorty IPO	CSB Bank IPO
Affle IPO	IRCTC IPO
IndiaMart IPO	Vishwaraj IPO

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