ITI FPO vs Prince Pipes IPO

Comparision between ITI FPO and Prince Pipes IPO.

IPO Details

ITI FPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Prince Pipes IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	ITI FPO	Prince Pipes IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	FPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Bob Capital Markets Limited Karvy Investor Services Limited Pnb Investment Services Ltd	Edelweiss Financial Services Ltd Jm Financial 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

Issue Size and Price

The total issue size of ITI FPO is up to ₹1,399.86 Cr whereas the issue size of the Prince Pipes IPO is up to ₹500.00 Cr. The final issue price of ITI FPO is and of Prince Pipes IPO is ₹178.00 per share.

	ITI FPO	Prince Pipes IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹71.00 per share	₹177.00 per share
Issue Price (Upper)	₹77.00 per share	₹178.00 per share
Issue Price (Final)		₹178.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	150 shares	84 shares
Fresh Issue Size	18,00,00,000 shares
Fresh Issue Size (Amount)		up to ₹250.00 Cr
OFS Issue Size
OFS Issue Size (Amount)		up to ₹250.00 Cr
Issue Size Total	18,18,00,000 shares	2,82,48,586 shares
Issue Size Total (Amount)	up to ₹1,399.86 Cr	up to ₹500.00 Cr

IPO Timetable

ITI FPO opens on Jan 24, 2020, while Prince Pipes IPO opens on Dec 18, 2019. The closing date of ITI FPO and Prince Pipes IPO is Feb 05, 2020, and Dec 20, 2019, respectively.

	ITI FPO	Prince Pipes IPO
Anchor Bid Date
Issue Open	Jan 24, 2020	Dec 18, 2019
Issue Close	Feb 05, 2020	Dec 20, 2019
Basis Of Allotment (Tentative)	Jan 31, 2020	Dec 26, 2019
Initiation of Refunds (Tentative)	Feb 03, 2020	Dec 27, 2019
Credit of Share (Tentative)	Feb 04, 2020	Dec 30, 2019
Listing date (Tentative)	Feb 05, 2020	Dec 30, 2019
Anchor Lockin End date 1	Mar 01, 2020	Jan 25, 2020
Anchor Lockin End date 2	Apr 30, 2020	Mar 25, 2020

Financials

ITI FPO P/E ratio is , as compared to Prince Pipes IPO P/E ratio of 18.35.

ITI FPO

Prince Pipes IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Million)
	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	47,057.38	32,048.94	35,230.86	30,248.47
Total Revenue	18,116.17	20,887.16	17,903.11	6,640.29
Profit After Tax	2,305.64	2,663.91	2,372.18	(2,979.95)

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Millions)
	Three months period ended on 30-June-2019	31-Mar-19	31-Mar-18	31-Mar-17	31-Mar-16
Total Assets	10,144.57	10,404.13	9,798.77	7,605.05	6,533.00
Total Revenue	3,801.92	15,789.95	13,265.71	13,324.95	10,816.18
Profit After Tax	266.69	833.51	727.66	741.82	295.35

Promoter Shareholding (Pre-Issue)

89.97%

90.06%

Promoter Shareholding (Post-Issue)

74.83%

65.80%

P/E Ratio

18.35

Market Cap

₹8307.00 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the ITI FPO retail investors (RII) are offered 1,80,00,000 shares while in Prince Pipes IPO retail investors are offered 1,80,00,000 shares. Qualified institutional buyers (QIB) are offered 13,50,00,000 shares in ITI FPO and 56,49,718 shares in Prince Pipes IPO.

	ITI FPO	Prince Pipes IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	13,50,00,000 shares	56,49,718 shares
NII	2,70,00,000 shares	42,37,288 shares
RII	1,80,00,000 shares	98,87,006 shares
Employee	18,00,000 shares
Others
Total	18,18,00,000 shares	1,97,74,012 shares

Bids Received (Subscription)

ITI FPO subscribed 0.62x in total, whereas Prince Pipes IPO subscribed 2.21x.

	ITI FPO	Prince Pipes IPO
QIB (times)	0.63x	3.54x
NII (times)	0.23x	1.21x
Big NII (times)
Small NII (times)
RII (times)	1.06x	1.89x
Employee (times)	0.98x
Other (times)
Total (times)	0.62x	2.21x

Compare with others

ITI FPO	Prince Pipes IPO
UTI AMC IPO	UTI AMC IPO
Mindspace REIT	Mindspace REIT
Yes Bank FPO	Yes Bank FPO
Rossari Biotech IPO	Rossari Biotech IPO
Equitas Small Finance Bank IPO	Equitas Small Finance Bank IPO
Prince Pipes IPO	SBI Cards IPO
SBI Cards IPO	Ujjivan Bank IPO
Ujjivan Bank IPO	CSB Bank IPO
CSB Bank IPO	IRCTC IPO
IRCTC IPO	Vishwaraj IPO

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