Polycab IPO vs Spandana Sphoorty IPO

Comparision between Polycab IPO and Spandana Sphoorty IPO.

IPO Details

Polycab IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Spandana Sphoorty IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Polycab IPO	Spandana Sphoorty 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 Citigroup Global Markets India Private Limited Edelweiss Financial Services Ltd Iifl Securities Ltd Kotak Mahindra Capital Company Limited Yes Securities (India) Limited	Axis Capital Limited ICICI Securities Limited Iifl Securities Ltd Indusind Bank Limited Jm Financial Limited Yes Securities (India) Limited
Registrar	Kfin Technologies Limited	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 Polycab IPO is up to ₹1,346.00 Cr whereas the issue size of the Spandana Sphoorty IPO is up to ₹1,202.34 Cr. The final issue price of Polycab IPO is ₹538.00 per share and of Spandana Sphoorty IPO is ₹856.00 per share.

	Polycab IPO	Spandana Sphoorty IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹533.00 per share	₹853.00 per share
Issue Price (Upper)	₹538.00 per share	₹856.00 per share
Issue Price (Final)	₹538.00 per share	₹856.00 per share
Discount (Retail)
Discount (Employee)	₹53.00 per share
Market Lot Size	27 shares	17 shares
Fresh Issue Size		46,89,331 shares
Fresh Issue Size (Amount)	up to ₹400.00 Cr	up to ₹400.00 Cr
OFS Issue Size	1,75,82,000 shares	93,56,725 shares
OFS Issue Size (Amount)
Issue Size Total		1,40,46,056 shares
Issue Size Total (Amount)	up to ₹1,346.00 Cr	up to ₹1,202.34 Cr

IPO Timetable

Polycab IPO opens on Apr 05, 2019, while Spandana Sphoorty IPO opens on Aug 05, 2019. The closing date of Polycab IPO and Spandana Sphoorty IPO is Apr 09, 2019, and Aug 07, 2019, respectively.

	Polycab IPO	Spandana Sphoorty IPO
Anchor Bid Date
Issue Open	Apr 05, 2019	Aug 05, 2019
Issue Close	Apr 09, 2019	Aug 07, 2019
Basis Of Allotment (Tentative)	Apr 12, 2019	Aug 14, 2019
Initiation of Refunds (Tentative)	Apr 15, 2019	Aug 14, 2019
Credit of Share (Tentative)	Apr 16, 2019	Aug 16, 2019
Listing date (Tentative)	Apr 16, 2019	Aug 19, 2019
Anchor Lockin End date 1	May 12, 2019	Sep 13, 2019
Anchor Lockin End date 2	Jul 11, 2019	Nov 12, 2019

Financials

Polycab IPO P/E ratio is , as compared to Spandana Sphoorty IPO P/E ratio of .

Polycab IPO

Spandana Sphoorty IPO

Financial

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	53,859.07	44,432.58	45,788.08	38,747.40
Total Revenue	55,067.00	69,239.17	60,470.08	57,142.41
Profit After Tax	3,582.23	3,709.20	2,329.56	1,847.04

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. 10 Lakhs)
	31-Mar-19	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	48,980.37	37,642.47	19,286.22	20,998.95	23,524.69
Total Revenue	10,362.81	5,872.74	3,770.64	3,438.62	3,019.71
Profit After Tax	3,087.48	1,879.71	4,434.14	2,432.35	1,050.99

Promoter Shareholding (Pre-Issue)

78.94%

81.21%

Promoter Shareholding (Post-Issue)

62.6%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Polycab IPO retail investors (RII) are offered 87,20,914 shares while in Spandana Sphoorty IPO retail investors are offered 87,20,914 shares. Qualified institutional buyers (QIB) are offered 50,04,328 shares in Polycab IPO and 70,23,027 shares in Spandana Sphoorty IPO.

	Polycab IPO	Spandana Sphoorty IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	50,04,328 shares	70,23,027 shares
NII	37,37,535 shares	21,06,909 shares
RII	87,20,914 shares	49,16,120 shares
Employee	1,75,000 shares
Others
Total	1,76,37,777 shares	1,40,46,056 shares

Bids Received (Subscription)

Polycab IPO subscribed 51.88x in total, whereas Spandana Sphoorty IPO subscribed 1.05x.

	Polycab IPO	Spandana Sphoorty IPO
QIB (times)	92.44x	3.11x
NII (times)	110.42x	0.55x
Big NII (times)
Small NII (times)
RII (times)	4.50x	0.09x
Employee (times)	3.19x
Other (times)
Total (times)	51.88x	1.05x

Compare with others

Polycab IPO	Spandana Sphoorty IPO
Spandana Sphoorty IPO	Ujjivan Bank IPO
Affle IPO	CSB Bank IPO
IndiaMart IPO	IRCTC IPO
Neogen Chemicals IPO	Vishwaraj IPO
Rail Vikas IPO	Sterling and Wilson IPO
Metropolis IPO	Affle IPO
Embassy Office Parks	IndiaMart IPO
MSTC IPO	Neogen Chemicals IPO
Xelpmoc Design and Tech IPO	Rail Vikas IPO
Aavas Financiers IPO	Polycab IPO

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