Man Infraconstruction IPO vs REC FPO

Comparision between Man Infraconstruction IPO and REC FPO.

IPO Details

Man Infraconstruction IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while REC FPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Man Infraconstruction IPO	REC FPO
Logo	$Man Infraconstruction IPO Logo$
Issue Category	Mainline	Mainline
Issue Type	IPO	FPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Edelweiss Financial Services Ltd Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)	Bofa Securities India Limited ICICI Securities Limited Jm Financial Limited Kotak Mahindra Capital Company Limited
Registrar	Link Intime India Private 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 Man Infraconstruction IPO is up to ₹141.75 Cr whereas the issue size of the REC FPO is up to ₹3,530.04 Cr. The final issue price of Man Infraconstruction IPO is ₹252.00 per share and of REC FPO is ₹203.00 per share.

	Man Infraconstruction IPO	REC FPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹243.00 per share	₹203.00 per share
Issue Price (Upper)	₹252.00 per share
Issue Price (Final)	₹252.00 per share	₹203.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	22 shares	30 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	56,25,150 shares	17,17,32,000 shares
Issue Size Total (Amount)	up to ₹141.75 Cr	up to ₹3,530.04 Cr

IPO Timetable

Man Infraconstruction IPO opens on Feb 18, 2010, while REC FPO opens on Feb 19, 2010. The closing date of Man Infraconstruction IPO and REC FPO is Feb 22, 2010, and Feb 23, 2010, respectively.

	Man Infraconstruction IPO	REC FPO
Anchor Bid Date
Issue Open	Feb 18, 2010	Feb 19, 2010
Issue Close	Feb 22, 2010	Feb 23, 2010
Basis Of Allotment (Tentative)
Initiation of Refunds (Tentative)
Credit of Share (Tentative)
Listing date (Tentative)
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Man Infraconstruction IPO P/E ratio is , as compared to REC FPO P/E ratio of .

Man Infraconstruction IPO

REC FPO

Financial

Particulars	For the year/period ended (Rs. in Million)
	31-Mar-08	31-Mar-09	30-Sep-08	30-Sep-09
Total Income	35,410.81	49,233.06	21,980.10	31,367.14
Profit After Tax (PAT)	9,655.87	13,780.14	6,136.21	9,290.57

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Man Infraconstruction IPO retail investors (RII) are offered 16,20,000 shares while in REC FPO retail investors are offered 16,20,000 shares. Qualified institutional buyers (QIB) are offered 22,68,000 shares in Man Infraconstruction IPO and 8,56,91,000 shares in REC FPO.

	Man Infraconstruction IPO	REC FPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	22,68,000 shares	8,56,91,000 shares
NII	5,40,000 shares	2,57,07,300 shares
RII	16,20,000 shares	5,99,83,700 shares
Employee	2,25,150 shares	3,50,000 shares
Others
Total	46,53,150 shares	17,17,32,000 shares

Bids Received (Subscription)

Man Infraconstruction IPO subscribed 62.53x in total, whereas REC FPO subscribed 3.14x.

	Man Infraconstruction IPO	REC FPO
QIB (times)	96.06x	5.52x
NII (times)	104.57x	2.05x
Big NII (times)
Small NII (times)
RII (times)	10.26x	0.23x
Employee (times)	0.01x	0.85x
Other (times)
Total (times)	62.53x	3.14x

Compare with others

Man Infraconstruction IPO	REC FPO
ILFS Transportation IPO	Man Infraconstruction IPO
Pradip Overseas IPO	Texmo IPO
DQ Entertainment IPO	ARSS Infra IPO
NMDC FPO	Hathway Cable IPO
United Bank of India IPO	DB Realty IPO
Texmo IPO	Emmbi Polyarns IPO
ARSS Infra IPO	Vascon Engineers IPO
Hathway Cable IPO	Syncom Healthcare IPO
DB Realty IPO	Thangamayil IPO
REC FPO	Jubilant Foodworks IPO

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