RITES Limited IPO vs Sandhar Technologies IPO

Comparision between RITES Limited IPO and Sandhar Technologies IPO.

IPO Details

RITES Limited IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Sandhar Technologies IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	RITES Limited IPO	Sandhar Technologies 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	Elara Capital (India) Private Limited Idbi Capital Market Services Limited Idfc Bank Limited SBI Capital Markets Limited	Axis Capital Limited ICICI Securities Limited
Registrar	Link Intime India Private Ltd	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 RITES Limited IPO is up to ₹460.51 Cr whereas the issue size of the Sandhar Technologies IPO is up to ₹565.60 Cr. The final issue price of RITES Limited IPO is ₹185.00 per share and of Sandhar Technologies IPO is ₹332.00 per share.

	RITES Limited IPO	Sandhar Technologies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹180.00 per share	₹327.00 per share
Issue Price (Upper)	₹185.00 per share	₹332.00 per share
Issue Price (Final)	₹185.00 per share	₹332.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	80 shares	45 shares
Fresh Issue Size
Fresh Issue Size (Amount)		up to ₹300.00 Cr
OFS Issue Size		80,00,000 shares
OFS Issue Size (Amount)
Issue Size Total	2,52,00,000 shares
Issue Size Total (Amount)	up to ₹460.51 Cr	up to ₹565.60 Cr

IPO Timetable

RITES Limited IPO opens on Jun 20, 2018, while Sandhar Technologies IPO opens on Mar 19, 2018. The closing date of RITES Limited IPO and Sandhar Technologies IPO is Jun 22, 2018, and Mar 21, 2018, respectively.

	RITES Limited IPO	Sandhar Technologies IPO
Anchor Bid Date
Issue Open	Jun 20, 2018	Mar 19, 2018
Issue Close	Jun 22, 2018	Mar 21, 2018
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

RITES Limited IPO P/E ratio is , as compared to Sandhar Technologies IPO P/E ratio of .

RITES Limited IPO

Sandhar Technologies IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Millions)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	48,031.69	44,092.06	36,056.30	36,363.82	32,867.96
Total Revenue	15,637.21	12,267.27	11,591.07	12,234.70	10,830.52
Profit After Tax	3,624.16	2,827.31	3,122.88	2,605.36	2,330.57

Summary of financial Information (Restated Standalone)
Particulars	For the year/period ended (in Rs. million)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	8,449.03	7,640.62	7,504.36	6,213.64	5,424.39
Total Revenue	13,743.14	12,933.59	12,624.16	10,438.24	9,643.81
Profit Before Tax	453.30	433.67	478.69	407.61	263.04
Profit After Tax	366.42	322.67	348.37	337.64	208.01

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the RITES Limited IPO retail investors (RII) are offered 84,00,000 shares while in Sandhar Technologies IPO retail investors are offered 84,00,000 shares. Qualified institutional buyers (QIB) are offered 1,20,00,000 shares in RITES Limited IPO and 30,85,505 shares in Sandhar Technologies IPO.

	RITES Limited IPO	Sandhar Technologies IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,20,00,000 shares	30,85,505 shares
NII	36,00,000 shares	23,36,147 shares
RII	84,00,000 shares	54,51,009 shares
Employee	12,00,000 shares
Others
Total	2,52,00,000 shares	1,08,72,661 shares

Bids Received (Subscription)

RITES Limited IPO subscribed 66.74x in total, whereas Sandhar Technologies IPO subscribed 6.14x.

	RITES Limited IPO	Sandhar Technologies IPO
QIB (times)	71.71x	14.50x
NII (times)	194.56x	6.39x
Big NII (times)
Small NII (times)
RII (times)	14.24x	1.31x
Employee (times)	0.96x
Other (times)
Total (times)	66.74x	6.14x

Compare with others

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CreditAccess Grameen IPO	IndoStar Capital Finance IPO
HDFC AMC IPO	Lemon Tree Hotels IPO
Varroc Engineering IPO	ICICI Securities IPO
Fine Organic IPO	Mishra Dhatu Nigam IPO
IndoStar Capital Finance IPO	Karda Construction IPO
Lemon Tree Hotels IPO	Hindustan Aeronautics IPO
ICICI Securities IPO	Bharat Dynamics IPO
Mishra Dhatu Nigam IPO	Bandhan Bank IPO
Sandhar Technologies IPO	HG Infra IPO

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