IndiaMart IPO vs Spandana Sphoorty IPO

Comparision between IndiaMart IPO and Spandana Sphoorty IPO.

IPO Details

IndiaMart IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Spandana Sphoorty IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	IndiaMart IPO	Spandana Sphoorty 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	Edelweiss Financial Services Ltd ICICI Securities Limited Jefferies India Private Limited	Axis Capital Limited ICICI Securities Limited Iifl Securities Ltd Indusind Bank Limited Jm Financial Limited Yes Securities (India) 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 IndiaMart IPO is up to ₹475.59 Cr whereas the issue size of the Spandana Sphoorty IPO is up to ₹1,202.34 Cr. The final issue price of IndiaMart IPO is ₹973.00 per share and of Spandana Sphoorty IPO is ₹856.00 per share.

	IndiaMart IPO	Spandana Sphoorty IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹970.00 per share	₹853.00 per share
Issue Price (Upper)	₹973.00 per share	₹856.00 per share
Issue Price (Final)	₹973.00 per share	₹856.00 per share
Discount (Retail)
Discount (Employee)	₹97.00 per share
Market Lot Size	15 shares	17 shares
Fresh Issue Size		46,89,331 shares
Fresh Issue Size (Amount)		up to ₹400.00 Cr
OFS Issue Size	48,87,862 shares	93,56,725 shares
OFS Issue Size (Amount)
Issue Size Total	48,87,862 shares	1,40,46,056 shares
Issue Size Total (Amount)	up to ₹475.59 Cr	up to ₹1,202.34 Cr

IPO Timetable

IndiaMart IPO opens on Jun 24, 2019, while Spandana Sphoorty IPO opens on Aug 05, 2019. The closing date of IndiaMart IPO and Spandana Sphoorty IPO is Jun 26, 2019, and Aug 07, 2019, respectively.

	IndiaMart IPO	Spandana Sphoorty IPO
Anchor Bid Date
Issue Open	Jun 24, 2019	Aug 05, 2019
Issue Close	Jun 26, 2019	Aug 07, 2019
Basis Of Allotment (Tentative)	Jul 01, 2019	Aug 14, 2019
Initiation of Refunds (Tentative)	Jul 02, 2019	Aug 14, 2019
Credit of Share (Tentative)	Jul 03, 2019	Aug 16, 2019
Listing date (Tentative)	Jul 04, 2019	Aug 19, 2019
Anchor Lockin End date 1	Jul 31, 2019	Sep 13, 2019
Anchor Lockin End date 2	Sep 29, 2019	Nov 12, 2019

Financials

IndiaMart IPO P/E ratio is , as compared to Spandana Sphoorty IPO P/E ratio of .

IndiaMart IPO

Spandana Sphoorty IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. 10 Lakhs)
	31-Mar-19	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	8,207.55	5,427.13	2,209.06	1,907.51	1,024.78
Total Revenue	5,074.17	4,105.08	3,177.63	2,542.89	1,760.72
Profit After Tax	200.44	547.59	(643.46)	(1,159.12)	(318.85)

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. 10 Lakhs)
	31-Mar-19	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	48,980.37	37,642.47	19,286.22	20,998.95	23,524.69
Total Revenue	10,362.81	5,872.74	3,770.64	3,438.62	3,019.71
Profit After Tax	3,087.48	1,879.71	4,434.14	2,432.35	1,050.99

Promoter Shareholding (Pre-Issue)

58%

81.21%

Promoter Shareholding (Post-Issue)

53%

62.6%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the IndiaMart IPO retail investors (RII) are offered 4,87,786 shares while in Spandana Sphoorty IPO retail investors are offered 4,87,786 shares. Qualified institutional buyers (QIB) are offered 36,58,397 shares in IndiaMart IPO and 70,23,027 shares in Spandana Sphoorty IPO.

	IndiaMart IPO	Spandana Sphoorty IPO
Anchor Investor Reserveration
Market Maker Reserveration	10,000 shares
QIB	36,58,397 shares	70,23,027 shares
NII	7,31,679 shares	21,06,909 shares
RII	4,87,786 shares	49,16,120 shares
Employee
Others
Total	48,77,862 shares	1,40,46,056 shares

Bids Received (Subscription)

IndiaMart IPO subscribed 36.21x in total, whereas Spandana Sphoorty IPO subscribed 1.05x.

	IndiaMart IPO	Spandana Sphoorty IPO
QIB (times)	30.83x	3.11x
NII (times)	62.13x	0.55x
Big NII (times)
Small NII (times)
RII (times)	14.07x	0.09x
Employee (times)	6.06x
Other (times)
Total (times)	36.21x	1.05x

Compare with others

IndiaMart IPO	Spandana Sphoorty IPO
IRCTC IPO	Ujjivan Bank IPO
Vishwaraj IPO	CSB Bank IPO
Sterling and Wilson IPO	IRCTC IPO
Spandana Sphoorty IPO	Vishwaraj IPO
Affle IPO	Sterling and Wilson IPO
Neogen Chemicals IPO	Affle IPO
Rail Vikas IPO	IndiaMart IPO
Polycab IPO	Neogen Chemicals IPO
Metropolis IPO	Rail Vikas IPO
Embassy Office Parks	Polycab IPO

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