Bharti Infratel IPO vs Power Grid FPO 2

Comparision between Bharti Infratel IPO and Power Grid FPO 2.

IPO Details

Bharti Infratel IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Power Grid FPO 2 is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Bharti Infratel IPO	Power Grid FPO 2
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	Barclays Securities (India) Private Limited Bofa Securities India Limited Deutsche Equities India Private Limited Axis Capital Limited Hdfc Bank Limited Hsbc Securities & Capital Markets Pvt Ltd ICICI Securities Limited J.P. Morgan India Private Limited Kotak Mahindra Capital Company Limited Standard Chartered Securities (India) Limited Ubs Securities India Private Limited	Citigroup Global Markets India Private Limited ICICI Securities Limited Kotak Mahindra Capital Company Limited SBI Capital Markets Limited Ubs Securities India Private Limited
Registrar	Kfin Technologies Limited	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 Bharti Infratel IPO is up to ₹4,155.80 Cr whereas the issue size of the Power Grid FPO 2 is up to ₹6,958.64 Cr. The final issue price of Bharti Infratel IPO is ₹220.00 per share and of Power Grid FPO 2 is ₹85.50 per share.

	Bharti Infratel IPO	Power Grid FPO 2
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹210.00 per share	₹85.00 per share
Issue Price (Upper)	₹240.00 per share	₹90.00 per share
Issue Price (Final)	₹220.00 per share	₹85.50 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	50 shares	150 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	18,89,00,000 shares	78,70,53,309 shares
Issue Size Total (Amount)	up to ₹4,155.80 Cr	up to ₹6,958.64 Cr

IPO Timetable

Bharti Infratel IPO opens on Dec 11, 2012, while Power Grid FPO 2 opens on Dec 03, 2013. The closing date of Bharti Infratel IPO and Power Grid FPO 2 is Dec 14, 2012, and Dec 06, 2013, respectively.

	Bharti Infratel IPO	Power Grid FPO 2
Anchor Bid Date
Issue Open	Dec 11, 2012	Dec 03, 2013
Issue Close	Dec 14, 2012	Dec 06, 2013
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

Bharti Infratel IPO P/E ratio is , as compared to Power Grid FPO 2 P/E ratio of .

Bharti Infratel IPO

Power Grid FPO 2

Financial

Particulars	For the year/period ended (in Rs. Million)
	30-Sep-12	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Total Income	50,908.9	95,970.6	86,257.9	71,288.4	51,772.7	7,057.0
Profit After Tax (PAT)	4,604.6	7,507.3	5,514.8	2,529.7	1,952.4	403.7

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Bharti Infratel IPO retail investors (RII) are offered 6,61,15,000 shares while in Power Grid FPO 2 retail investors are offered 6,61,15,000 shares. Qualified institutional buyers (QIB) are offered 6,61,15,000 shares in Bharti Infratel IPO and 39,20,26,655 shares in Power Grid FPO 2.

	Bharti Infratel IPO	Power Grid FPO 2
Anchor Investor Reserveration
Market Maker Reserveration
QIB	6,61,15,000 shares	39,20,26,655 shares
NII	2,83,35,000 shares	11,76,07,996 shares
RII	6,61,15,000 shares	27,44,18,658 shares
Employee		30,00,000 shares
Others
Total	16,05,65,000 shares	78,70,53,309 shares

Bids Received (Subscription)

Bharti Infratel IPO subscribed 1.30x in total, whereas Power Grid FPO 2 subscribed 6.74x.

	Bharti Infratel IPO	Power Grid FPO 2
QIB (times)	2.84x	9.09x
NII (times)	0.29x	9.70x
Big NII (times)
Small NII (times)
RII (times)	0.19x	2.17x
Employee (times)		1.31x
Other (times)
Total (times)	1.30x	6.74x

Compare with others

Bharti Infratel IPO	Power Grid FPO 2
EIL FPO	Shemaroo IPO
Power Grid FPO 2	Sharda Cropchem IPO
Just Dial IPO	Snowman Logistics IPO
Repco Home Finance IPO	Wonderla Holidays IPO
V Mart Retail IPO	EIL FPO
PC Jeweller IPO	Just Dial IPO
CARE IPO	Repco Home Finance IPO
Tara Jewels IPO	V Mart Retail IPO
VKS Projects IPO	Bharti Infratel IPO
Speciality Restaurants IPO	PC Jeweller IPO

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