Eris Lifesciences IPO vs PSP Projects IPO

Comparision between Eris Lifesciences IPO and PSP Projects IPO.

IPO Details

Eris Lifesciences IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while PSP Projects IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Eris Lifesciences IPO	PSP Projects 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 Credit Suisse Securities (India) Private Limited	Karvy Investor Services Limited Motilal Oswal Investment Advisors Limited
Registrar	Link Intime India Private Ltd	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 Eris Lifesciences IPO is up to ₹1,741.16 Cr whereas the issue size of the PSP Projects IPO is up to ₹211.68 Cr. The final issue price of Eris Lifesciences IPO is ₹603.00 per share and of PSP Projects IPO is ₹210.00 per share.

	Eris Lifesciences IPO	PSP Projects IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)	₹600.00 per share	₹205.00 per share
Issue Price (Upper)	₹603.00 per share	₹210.00 per share
Issue Price (Final)	₹603.00 per share	₹210.00 per share
Discount (Retail)
Discount (Employee)	₹60.00 per share
Market Lot Size	24 shares	70 shares
Fresh Issue Size		72,00,000 shares
Fresh Issue Size (Amount)
OFS Issue Size	2,88,75,000 shares	28,80,000 shares
OFS Issue Size (Amount)
Issue Size Total	2,88,75,000 shares	1,00,80,000 shares
Issue Size Total (Amount)	up to ₹1,741.16 Cr	up to ₹211.68 Cr

IPO Timetable

Eris Lifesciences IPO opens on Jun 16, 2017, while PSP Projects IPO opens on May 17, 2017. The closing date of Eris Lifesciences IPO and PSP Projects IPO is Jun 20, 2017, and May 19, 2017, respectively.

	Eris Lifesciences IPO	PSP Projects IPO
Anchor Bid Date
Issue Open	Jun 16, 2017	May 17, 2017
Issue Close	Jun 20, 2017	May 19, 2017
Basis Of Allotment (Tentative)	Jun 23, 2017	May 24, 2017
Initiation of Refunds (Tentative)	Jun 27, 2017	May 26, 2017
Credit of Share (Tentative)	Jun 28, 2017	May 26, 2017
Listing date (Tentative)	Jun 29, 2017	May 29, 2017
Anchor Lockin End date 1	Jul 23, 2017	Jun 23, 2017
Anchor Lockin End date 2	Sep 21, 2017	Aug 22, 2017

Financials

Eris Lifesciences IPO P/E ratio is , as compared to PSP Projects IPO P/E ratio of .

Eris Lifesciences IPO

PSP Projects IPO

Financial

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (in Rs. Million)
	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12
Total Assets	3,973.59	3,572.85	2,705.99	1,718.05	1,019.67
Total Revenue	5,970.21	5,455.58	5,088.22	3,930.64	2,739.40
Profit After Tax	1,348.58	892.59	709.12	584.40	370.63

Summary of financial Information
Particulars	For the year/period ended (in Rs. Million)
	31-Dec-16	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12
Total Assets	2,741.50	2,287.13	1,863.78	1,362.71	1,009.60	918.53
Total Revenue	2,494.15	4,677.14	2,869.67	2,147.97	2,609.69	1,807.53
Profit After Tax (PAT)	214.83	249.31	140.54	100.70	122.50	83.52

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Eris Lifesciences IPO retail investors (RII) are offered 28,72,500 shares while in PSP Projects IPO retail investors are offered 28,72,500 shares. Qualified institutional buyers (QIB) are offered 86,17,500 shares in Eris Lifesciences IPO and 30,24,000 shares in PSP Projects IPO.

	Eris Lifesciences IPO	PSP Projects IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	86,17,500 shares	30,24,000 shares
NII	43,08,750 shares	15,12,000 shares
RII	28,72,500 shares	10,08,000 shares
Employee	1,50,000 shares
Others
Total	1,59,48,750 shares	55,44,000 shares

Bids Received (Subscription)

Eris Lifesciences IPO subscribed 3.29x in total, whereas PSP Projects IPO subscribed 8.58x.

	Eris Lifesciences IPO	PSP Projects IPO
QIB (times)	4.68x	8.38x
NII (times)	0.45x	10.39x
Big NII (times)
Small NII (times)
RII (times)	3.51x	6.47x
Employee (times)	0.86x
Other (times)
Total (times)	3.29x	8.58x

Compare with others

Eris Lifesciences IPO	PSP Projects IPO
SiS IPO	Au Financiers IPO
Cochin Shipyard IPO	GTPL Hathway IPO
Salasar Techno IPO	Eris Lifesciences IPO
Au Financiers IPO	Tejas Networks IPO
GTPL Hathway IPO	IndiGrid InvIT Fund
Tejas Networks IPO	IRB InvIT Fund IPO
IndiGrid InvIT Fund	S Chand and Company IPO
PSP Projects IPO	HUDCO IPO
IRB InvIT Fund IPO	Shankara Buildpro IPO
S Chand and Company IPO	CL Educate IPO

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