Power Finance FPO vs Sanghvi Forging IPO

Comparision between Power Finance FPO and Sanghvi Forging IPO.

IPO Details

Power Finance FPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Sanghvi Forging IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Power Finance FPO	Sanghvi Forging 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	Bofa Securities India Limited Goldman Sachs (India) Securities Private Limited ICICI Securities Limited Jm Financial Limited	Arihant Capital Markets Ltd
Registrar	Kfin Technologies Limited	Bigshare Services Pvt 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 Power Finance FPO is up to ₹4,578.20 Cr whereas the issue size of the Sanghvi Forging IPO is up to ₹36.90 Cr. The final issue price of Power Finance FPO is ₹203.00 per share and of Sanghvi Forging IPO is ₹85.00 per share.

	Power Finance FPO	Sanghvi Forging IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹193.00 per share	₹80.00 per share
Issue Price (Upper)	₹203.00 per share	₹85.00 per share
Issue Price (Final)	₹203.00 per share	₹85.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	28 shares	70 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	22,95,53,340 shares	43,41,195 shares
Issue Size Total (Amount)	up to ₹4,578.20 Cr	up to ₹36.90 Cr

IPO Timetable

Power Finance FPO opens on May 10, 2011, while Sanghvi Forging IPO opens on May 04, 2011. The closing date of Power Finance FPO and Sanghvi Forging IPO is May 13, 2011, and May 09, 2011, respectively.

	Power Finance FPO	Sanghvi Forging IPO
Anchor Bid Date
Issue Open	May 10, 2011	May 04, 2011
Issue Close	May 13, 2011	May 09, 2011
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

Power Finance FPO P/E ratio is , as compared to Sanghvi Forging IPO P/E ratio of .

Power Finance FPO

Sanghvi Forging IPO

Financial

Particulars	For the year/period ended (in Rs. Million)
	31-Dec-10	31-Mar-10	31-Mar-09
Total Income	74,870.43	81,265.75	65,897.25
Profit After Tax (PAT)	19,470.18	22,500.89	14,695.99

Particulars	For the year/period ended (in Rs. Lacs)
	31-Dec-10	31-Mar-10	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06
Total Income	2,932.71	2,889.83	2,952.83	2,387.18	1,965.93	1,398.81
Profit After Tax (PAT)	295.39	251.82	231.70	252.35	185.01	107.00

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Power Finance FPO retail investors (RII) are offered 8,02,47,257 shares while in Sanghvi Forging IPO retail investors are offered 8,02,47,257 shares. Qualified institutional buyers (QIB) are offered 11,46,38,937 shares in Power Finance FPO and 23,06,262 shares in Sanghvi Forging IPO.

	Power Finance FPO	Sanghvi Forging IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	11,46,38,937 shares	23,06,262 shares
NII	3,43,91,682 shares	6,91,879 shares
RII	8,02,47,257 shares	16,14,384 shares
Employee	2,75,464 shares
Others
Total	22,95,53,340 shares	46,12,525 shares

Bids Received (Subscription)

Power Finance FPO subscribed 4.34x in total, whereas Sanghvi Forging IPO subscribed 1.30x.

	Power Finance FPO	Sanghvi Forging IPO
QIB (times)	6.92x	0.00x
NII (times)	1.20x	1.82x
Big NII (times)
Small NII (times)
RII (times)	2.00x	2.93x
Employee (times)	0.91x
Other (times)
Total (times)	4.34x	1.30x

Compare with others

Power Finance FPO	Sanghvi Forging IPO
Birla Pacific Medspa IPO	Rushil Decor IPO
VMS Industries IPO	Birla Pacific Medspa IPO
Timbor Home IPO	VMS Industries IPO
Aanjaneya IPO	Timbor Home IPO
Sanghvi Forging IPO	Aanjaneya IPO
Vaswani IPO	Power Finance FPO
Future Ventures IPO	Vaswani IPO
Innoventive Industries IPO	Future Ventures IPO
Paramount Printpackaging IPO	Innoventive Industries IPO
Servalakshmi IPO	Paramount Printpackaging IPO

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