Indian Energy Exchange IPO vs MAS Financial IPO

Comparision between Indian Energy Exchange IPO and MAS Financial IPO.

IPO Details

Indian Energy Exchange IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while MAS Financial IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Indian Energy Exchange IPO	MAS Financial 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	Axis Bank Limited Iifl Securities Ltd Kotak Mahindra Capital Company Limited	Motilal Oswal Investment Advisors Limited
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP		RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Indian Energy Exchange IPO is up to ₹1,000.73 Cr whereas the issue size of the MAS Financial IPO is up to ₹460.04 Cr. The final issue price of Indian Energy Exchange IPO is ₹1,650.00 per share and of MAS Financial IPO is ₹459.00 per share.

	Indian Energy Exchange IPO	MAS Financial IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹1,645.00 per share	₹456.00 per share
Issue Price (Upper)	₹1,650.00 per share	₹459.00 per share
Issue Price (Final)	₹1,650.00 per share	₹459.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	9 shares	32 shares
Fresh Issue Size
Fresh Issue Size (Amount)		up to ₹233.00 Cr
OFS Issue Size	60,65,009 shares
OFS Issue Size (Amount)		up to ₹227.04 Cr
Issue Size Total	60,65,009 shares
Issue Size Total (Amount)	up to ₹1,000.73 Cr	up to ₹460.04 Cr

IPO Timetable

Indian Energy Exchange IPO opens on Oct 09, 2017, while MAS Financial IPO opens on Oct 06, 2017. The closing date of Indian Energy Exchange IPO and MAS Financial IPO is Oct 11, 2017, and Oct 10, 2017, respectively.

	Indian Energy Exchange IPO	MAS Financial IPO
Anchor Bid Date
Issue Open	Oct 09, 2017	Oct 06, 2017
Issue Close	Oct 11, 2017	Oct 10, 2017
Basis Of Allotment (Tentative)		Oct 13, 2017
Initiation of Refunds (Tentative)		Oct 16, 2017
Credit of Share (Tentative)		Oct 17, 2017
Listing date (Tentative)		Oct 18, 2017
Anchor Lockin End date 1		Nov 12, 2017
Anchor Lockin End date 2		Jan 11, 2018

Financials

Indian Energy Exchange IPO P/E ratio is , as compared to MAS Financial IPO P/E ratio of .

Indian Energy Exchange IPO

MAS Financial IPO

Financial

Summary of financial Information (Restated)
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	5,517.14	4,237.55	4,057.37	3,688.67	2,822.16
Total Revenue	2,374.23	2,001.40	1,763.78	1,739.90	1,383.65
Profit After Tax	1,135.65	1,003.40	900.18	919.45	662.96

Summary of financial Information (Consolidated)
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	20,244.79	18,126.51	14,877.85	10,776.32	7,715.68
Total Revenue	3,415.17	2,887.04	2,265.28	1,776.78	1,388.47
Profit After Tax	674.17	500.08	388.20	316.76	268.39

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Indian Energy Exchange IPO retail investors (RII) are offered 21,22,754 shares while in MAS Financial IPO retail investors are offered 21,22,754 shares. Qualified institutional buyers (QIB) are offered 12,13,002 shares in Indian Energy Exchange IPO and 19,87,028 shares in MAS Financial IPO.

	Indian Energy Exchange IPO	MAS Financial IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	12,13,002 shares	19,87,028 shares
NII	9,09,752 shares	14,90,270 shares
RII	21,22,754 shares	34,77,296 shares
Employee		1,70,316 shares
Others
Total	42,45,508 shares	71,24,910 shares

Bids Received (Subscription)

Indian Energy Exchange IPO subscribed 2.28x in total, whereas MAS Financial IPO subscribed 128.39x.

	Indian Energy Exchange IPO	MAS Financial IPO
QIB (times)	2.56x	148.33x
NII (times)	0.85x	378.53x
Big NII (times)
Small NII (times)
RII (times)	2.61x	15.97x
Employee (times)		2.41x
Other (times)
Total (times)	2.28x	128.39x

Compare with others

Indian Energy Exchange IPO	MAS Financial IPO
Khadim India IPO	New India Assurance IPO
New India Assurance IPO	Mahindra Logistics IPO
Mahindra Logistics IPO	Reliance Nippon Life IPO
Reliance Nippon Life IPO	General Insurance Corporation IPO
General Insurance Corporation IPO	Indian Energy Exchange IPO
MAS Financial IPO	Godrej Agrovet IPO
Godrej Agrovet IPO	ICICI Lombard IPO
ICICI Lombard IPO	SBI Life Insurance IPO
SBI Life Insurance IPO	Capacite Infra IPO
Capacite Infra IPO	Matrimony IPO

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