Bharat Dynamics IPO vs Karda Construction IPO

Comparision between Bharat Dynamics IPO and Karda Construction IPO.

IPO Details

Bharat Dynamics IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Karda Construction IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Bharat Dynamics IPO	Karda Construction 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	Aryaman Financial Services Limited
Registrar	Alankit Assignments Ltd	Bigshare Services Pvt Ltd
Market Maker
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 Bharat Dynamics IPO is up to ₹960.94 Cr whereas the issue size of the Karda Construction IPO is up to ₹77.40 Cr. The final issue price of Bharat Dynamics IPO is ₹428.00 per share and of Karda Construction IPO is ₹180.00 per share.

	Bharat Dynamics IPO	Karda Construction IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹413.00 per share	₹175.00 per share
Issue Price (Upper)	₹428.00 per share	₹180.00 per share
Issue Price (Final)	₹428.00 per share	₹180.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	35 shares	80 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	2,24,51,953 shares	43,00,000 shares
Issue Size Total (Amount)	up to ₹960.94 Cr	up to ₹77.40 Cr

IPO Timetable

Bharat Dynamics IPO opens on Mar 13, 2018, while Karda Construction IPO opens on Mar 16, 2018. The closing date of Bharat Dynamics IPO and Karda Construction IPO is Mar 15, 2018, and Mar 21, 2018, respectively.

	Bharat Dynamics IPO	Karda Construction IPO
Anchor Bid Date
Issue Open	Mar 13, 2018	Mar 16, 2018
Issue Close	Mar 15, 2018	Mar 21, 2018
Basis Of Allotment (Tentative)		Mar 26, 2018
Initiation of Refunds (Tentative)		Mar 27, 2018
Credit of Share (Tentative)		Mar 28, 2018
Listing date (Tentative)		Apr 02, 2018
Anchor Lockin End date 1		Apr 25, 2018
Anchor Lockin End date 2		Jun 24, 2018

Financials

Bharat Dynamics IPO P/E ratio is , as compared to Karda Construction IPO P/E ratio of .

Bharat Dynamics IPO

Karda Construction IPO

Financial

Summary of financial Information (Restated Standalone)
Particulars	For the year/period ended (in Rs. million)
	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	86,007.92	96,406.32	84,119.70
Total Revenue	51,980.73	46,013.75	32,532.28
Profit After Tax	4,903.19	5,620.69	4,435.48

Summary of financial Information (Restated Standalone)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	24,853.72	24,961.42	23,304.63	18,612.39	16,238.73
Total Revenue	11,002.26	10,593.47	4,653.44	5,907.39	4,328.65
Profit After Tax	803.14	637.43	307.56	360.55	270.39

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Bharat Dynamics IPO retail investors (RII) are offered 76,97,813 shares while in Karda Construction IPO retail investors are offered 76,97,813 shares. Qualified institutional buyers (QIB) are offered 1,09,96,874 shares in Bharat Dynamics IPO and 4,30,000 shares in Karda Construction IPO.

	Bharat Dynamics IPO	Karda Construction IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,09,96,874 shares	4,30,000 shares
NII	32,99,063 shares	17,20,000 shares
RII	76,97,813 shares	21,50,000 shares
Employee	4,58,203 shares
Others
Total	2,24,51,953 shares	43,00,000 shares

Bids Received (Subscription)

Bharat Dynamics IPO subscribed 1.29x in total, whereas Karda Construction IPO subscribed 2.53x.

	Bharat Dynamics IPO	Karda Construction IPO
QIB (times)	1.50x	1.55x
NII (times)	0.50x	3.44x
Big NII (times)
Small NII (times)
RII (times)	1.37x	2.01x
Employee (times)	0.40x
Other (times)
Total (times)	1.29x	2.53x

Compare with others

Bharat Dynamics IPO	Karda Construction IPO
ICICI Securities IPO	IndoStar Capital Finance IPO
Mishra Dhatu Nigam IPO	Lemon Tree Hotels IPO
Sandhar Technologies IPO	ICICI Securities IPO
Karda Construction IPO	Mishra Dhatu Nigam IPO
Hindustan Aeronautics IPO	Sandhar Technologies IPO
Bandhan Bank IPO	Hindustan Aeronautics IPO
HG Infra IPO	Bharat Dynamics IPO
Aster DM Healthcare IPO	Bandhan Bank IPO
Galaxy Surfactants IPO	HG Infra IPO
Amber Enterprises IPO	Aster DM Healthcare IPO

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