IRCON International IPO vs Metropolis IPO

Comparision between IRCON International IPO and Metropolis IPO.

IPO Details

IRCON International IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Metropolis IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	IRCON International IPO	Metropolis 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 Capital Limited Idbi Capital Market Services Limited SBI Capital Markets Limited	Credit Suisse Securities (India) Private Limited Goldman Sachs (India) Securities Private Limited Hdfc Bank Limited Jm Financial Limited Kotak Mahindra Capital Company Limited
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
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 IRCON International IPO is up to ₹470.49 Cr whereas the issue size of the Metropolis IPO is up to ₹1,204.29 Cr. The final issue price of IRCON International IPO is ₹475.00 per share and of Metropolis IPO is ₹880.00 per share.

	IRCON International IPO	Metropolis IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹470.00 per share	₹877.00 per share
Issue Price (Upper)	₹475.00 per share	₹880.00 per share
Issue Price (Final)	₹475.00 per share	₹880.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	30 shares	17 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	99,05,157 shares	1,36,85,095 shares
Issue Size Total (Amount)	up to ₹470.49 Cr	up to ₹1,204.29 Cr

IPO Timetable

IRCON International IPO opens on Sep 17, 2018, while Metropolis IPO opens on Apr 03, 2019. The closing date of IRCON International IPO and Metropolis IPO is Sep 19, 2018, and Apr 05, 2019, respectively.

	IRCON International IPO	Metropolis IPO
Anchor Bid Date
Issue Open	Sep 17, 2018	Apr 03, 2019
Issue Close	Sep 19, 2018	Apr 05, 2019
Basis Of Allotment (Tentative)	Sep 25, 2018	Apr 10, 2019
Initiation of Refunds (Tentative)	Sep 26, 2018	Apr 11, 2019
Credit of Share (Tentative)	Sep 26, 2018	Apr 12, 2019
Listing date (Tentative)	Sep 28, 2018	Apr 15, 2019
Anchor Lockin End date 1	Oct 25, 2018	May 10, 2019
Anchor Lockin End date 2	Dec 24, 2018	Jul 09, 2019

Financials

IRCON International IPO P/E ratio is , as compared to Metropolis IPO P/E ratio of .

IRCON International IPO

Metropolis IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (in Rs. Million)
	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15 (Proforma)	31-Mar-14	31-Mar-13
Total Assets	127,782.22	92.314.11	81,394.06	65,210.01	62,134.65	62,389.08
Total Revenue	42,124.02	33,013.48	29,086.37	33,325.05	41,507.70	45,431.58
Profit After Tax	4,115.80	3,839.78	3,931.08	5,630.31	7,469.80	8,048.95

Summary of financial Information (Restated Standalone)
Particulars	For the year/period ended (in Rs. Millions)
	31-Marc-18	31-Mar-17	31-Mar-16	31-Mar-15(Proforma)	31-Mar-14	31-Mar-13
Total Assets	1,27,079.37	91,676.27	81,367.77	65,287.03	61,718.40	62,393.25
Total Revenue	41,230.59	33,544.28	28,343.49	32,192.33	41,588.22	45,600.59
Profit After Tax	3,908.60	3,688.51	3,693.04	5,591.28	7,403.85	8,131.88

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. 10 Lakhs)
	31-Dec-18	31-Mar-18	31-Mar-17	31-Mar-16
Total Assets	5,838.75	5,303.40	5,151.59	3,959.16
Total Revenue	5,593.06	6,435.67	5,447.24	4,754.69
Profit After Tax	887.71	1,097.47	1,072.57	819.55

Promoter Shareholding (Pre-Issue)

99.71%

Promoter Shareholding (Post-Issue)

49.44%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the IRCON International IPO retail investors (RII) are offered 32,91,805 shares while in Metropolis IPO retail investors are offered 32,91,805 shares. Qualified institutional buyers (QIB) are offered 47,02,578 shares in IRCON International IPO and 40,15,529 shares in Metropolis IPO.

	IRCON International IPO	Metropolis IPO
Anchor Investor Reserveration		60,23,293 shares
Market Maker Reserveration
QIB	47,02,578 shares	40,15,529 shares
NII	14,10,774 shares	20,07,764 shares
RII	32,91,805 shares	13,38,509 shares
Employee	5,00,000 shares	3,00,000 shares
Others
Total	99,05,157 shares	1,36,85,095 shares

Bids Received (Subscription)

IRCON International IPO subscribed 9.77x in total, whereas Metropolis IPO subscribed 5.83x.

	IRCON International IPO	Metropolis IPO
QIB (times)	12.29x	8.88x
NII (times)	4.92x	3.03x
Big NII (times)
Small NII (times)
RII (times)	9.66x	2.15x
Employee (times)	0.36x	0.05x
Other (times)
Total (times)	9.77x	5.83x

Compare with others

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Metropolis IPO	Affle IPO
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Chalet Hotels Limited IPO	MSTC IPO
TCNS Clothing IPO	Xelpmoc Design and Tech IPO
CreditAccess Grameen IPO	Aavas Financiers IPO
HDFC AMC IPO	IRCON International IPO

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