Karda Construction IPO vs Lemon Tree Hotels IPO

Comparision between Karda Construction IPO and Lemon Tree Hotels IPO.

IPO Details

Karda Construction IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Lemon Tree Hotels IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Karda Construction IPO	Lemon Tree Hotels 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	Aryaman Financial Services Limited	Clsa India Private Limited J.P. Morgan India Private Limited Kotak Mahindra Capital Company Limited Yes Securities (India) Limited
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
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 Karda Construction IPO is up to ₹77.40 Cr whereas the issue size of the Lemon Tree Hotels IPO is up to ₹1,038.68 Cr. The final issue price of Karda Construction IPO is ₹180.00 per share and of Lemon Tree Hotels IPO is ₹56.00 per share.

	Karda Construction IPO	Lemon Tree Hotels IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹175.00 per share	₹54.00 per share
Issue Price (Upper)	₹180.00 per share	₹56.00 per share
Issue Price (Final)	₹180.00 per share	₹56.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	80 shares	265 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	43,00,000 shares	18,54,79,400 shares
Issue Size Total (Amount)	up to ₹77.40 Cr	up to ₹1,038.68 Cr

IPO Timetable

Karda Construction IPO opens on Mar 16, 2018, while Lemon Tree Hotels IPO opens on Mar 26, 2018. The closing date of Karda Construction IPO and Lemon Tree Hotels IPO is Mar 21, 2018, and Mar 28, 2018, respectively.

	Karda Construction IPO	Lemon Tree Hotels IPO
Anchor Bid Date
Issue Open	Mar 16, 2018	Mar 26, 2018
Issue Close	Mar 21, 2018	Mar 28, 2018
Basis Of Allotment (Tentative)	Mar 26, 2018	Apr 04, 2018
Initiation of Refunds (Tentative)	Mar 27, 2018	Apr 05, 2018
Credit of Share (Tentative)	Mar 28, 2018	Apr 06, 2018
Listing date (Tentative)	Apr 02, 2018	Apr 09, 2018
Anchor Lockin End date 1	Apr 25, 2018	May 04, 2018
Anchor Lockin End date 2	Jun 24, 2018	Jul 03, 2018

Financials

Karda Construction IPO P/E ratio is , as compared to Lemon Tree Hotels IPO P/E ratio of .

Karda Construction IPO

Lemon Tree Hotels IPO

Financial

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

Summary of financial Information ( Restated Standalone)
Particulars	For the year/period ended (in Rs. Million)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	13,602.13	13,112.89	12,965.17	12,937.17	12,156.79
Total Revenue	2,237.65	1,945.47	2,242.02	1,947.84	1,453.82
Profit After Tax	53.52	(-163.36)	(-10.40)	142.82	(-203.44)

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Karda Construction IPO retail investors (RII) are offered 21,50,000 shares while in Lemon Tree Hotels IPO retail investors are offered 21,50,000 shares. Qualified institutional buyers (QIB) are offered 4,30,000 shares in Karda Construction IPO and 3,70,95,880 shares in Lemon Tree Hotels IPO.

	Karda Construction IPO	Lemon Tree Hotels IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	4,30,000 shares	3,70,95,880 shares
NII	17,20,000 shares	2,78,21,910 shares
RII	21,50,000 shares	6,49,17,790 shares
Employee
Others
Total	43,00,000 shares	12,98,35,580 shares

Bids Received (Subscription)

Karda Construction IPO subscribed 2.53x in total, whereas Lemon Tree Hotels IPO subscribed 1.19x.

	Karda Construction IPO	Lemon Tree Hotels IPO
QIB (times)	1.55x	3.88x
NII (times)	3.44x	0.12x
Big NII (times)
Small NII (times)
RII (times)	2.01x	0.12x
Employee (times)
Other (times)
Total (times)	2.53x	1.19x

Compare with others

Karda Construction IPO	Lemon Tree Hotels IPO
IndoStar Capital Finance IPO	HDFC AMC IPO
Lemon Tree Hotels IPO	Varroc Engineering IPO
ICICI Securities IPO	Fine Organic IPO
Mishra Dhatu Nigam IPO	RITES Limited IPO
Sandhar Technologies IPO	IndoStar Capital Finance IPO
Hindustan Aeronautics IPO	ICICI Securities IPO
Bharat Dynamics IPO	Mishra Dhatu Nigam IPO
Bandhan Bank IPO	Sandhar Technologies IPO
HG Infra IPO	Karda Construction IPO
Aster DM Healthcare IPO	Hindustan Aeronautics IPO

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