IRCTC IPO vs Spandana Sphoorty IPO

Comparision between IRCTC IPO and Spandana Sphoorty IPO.

IPO Details

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

	IRCTC IPO	Spandana Sphoorty 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	Axis Capital Limited ICICI Securities Limited Iifl Securities Ltd Indusind Bank Limited Jm Financial Limited Yes Securities (India) 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 IRCTC IPO is up to ₹645.12 Cr whereas the issue size of the Spandana Sphoorty IPO is up to ₹1,202.34 Cr. The final issue price of IRCTC IPO is ₹320.00 per share and of Spandana Sphoorty IPO is ₹856.00 per share.

	IRCTC IPO	Spandana Sphoorty IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹315.00 per share	₹853.00 per share
Issue Price (Upper)	₹320.00 per share	₹856.00 per share
Issue Price (Final)	₹320.00 per share	₹856.00 per share
Discount (Retail)	₹10.00 per share
Discount (Employee)	₹10.00 per share
Market Lot Size	40 shares	17 shares
Fresh Issue Size		46,89,331 shares
Fresh Issue Size (Amount)		up to ₹400.00 Cr
OFS Issue Size	2,01,60,000 shares	93,56,725 shares
OFS Issue Size (Amount)
Issue Size Total	2,01,60,000 shares	1,40,46,056 shares
Issue Size Total (Amount)	up to ₹645.12 Cr	up to ₹1,202.34 Cr

IPO Timetable

IRCTC IPO opens on Sep 30, 2019, while Spandana Sphoorty IPO opens on Aug 05, 2019. The closing date of IRCTC IPO and Spandana Sphoorty IPO is Oct 03, 2019, and Aug 07, 2019, respectively.

	IRCTC IPO	Spandana Sphoorty IPO
Anchor Bid Date
Issue Open	Sep 30, 2019	Aug 05, 2019
Issue Close	Oct 03, 2019	Aug 07, 2019
Basis Of Allotment (Tentative)	Oct 09, 2019	Aug 14, 2019
Initiation of Refunds (Tentative)	Oct 10, 2019	Aug 14, 2019
Credit of Share (Tentative)	Oct 11, 2019	Aug 16, 2019
Listing date (Tentative)	Oct 14, 2019	Aug 19, 2019
Anchor Lockin End date 1	Nov 08, 2019	Sep 13, 2019
Anchor Lockin End date 2	Jan 07, 2020	Nov 12, 2019

Financials

IRCTC IPO P/E ratio is , as compared to Spandana Sphoorty IPO P/E ratio of .

IRCTC IPO

Spandana Sphoorty 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 (in Rs. 10 Lakhs)
	31-Mar-19	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	48,980.37	37,642.47	19,286.22	20,998.95	23,524.69
Total Revenue	10,362.81	5,872.74	3,770.64	3,438.62	3,019.71
Profit After Tax	3,087.48	1,879.71	4,434.14	2,432.35	1,050.99

Promoter Shareholding (Pre-Issue)

100%

81.21%

Promoter Shareholding (Post-Issue)

87.40%

62.6%

P/E Ratio

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 Spandana Sphoorty IPO retail investors are offered 70,00,000 shares. Qualified institutional buyers (QIB) are offered 1,00,00,000 shares in IRCTC IPO and 70,23,027 shares in Spandana Sphoorty IPO.

	IRCTC IPO	Spandana Sphoorty IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,00,00,000 shares	70,23,027 shares
NII	30,00,000 shares	21,06,909 shares
RII	70,00,000 shares	49,16,120 shares
Employee	1,60,000 shares
Others
Total	2,01,60,000 shares	1,40,46,056 shares

Bids Received (Subscription)

IRCTC IPO subscribed 111.91x in total, whereas Spandana Sphoorty IPO subscribed 1.05x.

	IRCTC IPO	Spandana Sphoorty IPO
QIB (times)	108.79x	3.11x
NII (times)	354.52x	0.55x
Big NII (times)
Small NII (times)
RII (times)	14.83x	0.09x
Employee (times)	5.81x
Other (times)
Total (times)	111.91x	1.05x

Compare with others

IRCTC IPO	Spandana Sphoorty IPO
Equitas Small Finance Bank IPO	Ujjivan Bank IPO
Prince Pipes IPO	CSB Bank IPO
SBI Cards IPO	IRCTC IPO
Ujjivan Bank IPO	Vishwaraj IPO
CSB Bank IPO	Sterling and Wilson IPO
Vishwaraj IPO	Affle IPO
Sterling and Wilson IPO	IndiaMart IPO
Spandana Sphoorty IPO	Neogen Chemicals IPO
Affle IPO	Rail Vikas IPO
IndiaMart IPO	Polycab IPO

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