Spandana Sphoorty IPO vs Vishwaraj IPO

Comparision between Spandana Sphoorty IPO and Vishwaraj IPO.

IPO Details

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

	Spandana Sphoorty IPO	Vishwaraj 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 ICICI Securities Limited Iifl Securities Ltd Indusind Bank Limited Jm Financial Limited Yes Securities (India) Limited	Aryaman Financial Services Limited
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 Spandana Sphoorty IPO is up to ₹1,202.34 Cr whereas the issue size of the Vishwaraj IPO is up to ₹60.00 Cr. The final issue price of Spandana Sphoorty IPO is ₹856.00 per share and of Vishwaraj IPO is ₹60.00 per share.

	Spandana Sphoorty IPO	Vishwaraj IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹853.00 per share	₹55.00 per share
Issue Price (Upper)	₹856.00 per share	₹60.00 per share
Issue Price (Final)	₹856.00 per share	₹60.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	17 shares	240 shares
Fresh Issue Size	46,89,331 shares	30,00,000 shares
Fresh Issue Size (Amount)	up to ₹400.00 Cr
OFS Issue Size	93,56,725 shares	70,00,000 shares
OFS Issue Size (Amount)
Issue Size Total	1,40,46,056 shares	1,00,00,000 shares
Issue Size Total (Amount)	up to ₹1,202.34 Cr	up to ₹60.00 Cr

IPO Timetable

Spandana Sphoorty IPO opens on Aug 05, 2019, while Vishwaraj IPO opens on Sep 30, 2019. The closing date of Spandana Sphoorty IPO and Vishwaraj IPO is Aug 07, 2019, and Oct 04, 2019, respectively.

	Spandana Sphoorty IPO	Vishwaraj IPO
Anchor Bid Date
Issue Open	Aug 05, 2019	Sep 30, 2019
Issue Close	Aug 07, 2019	Oct 04, 2019
Basis Of Allotment (Tentative)	Aug 14, 2019	Oct 11, 2019
Initiation of Refunds (Tentative)	Aug 14, 2019	Oct 14, 2019
Credit of Share (Tentative)	Aug 16, 2019	Oct 15, 2019
Listing date (Tentative)	Aug 19, 2019	Oct 15, 2019
Anchor Lockin End date 1	Sep 13, 2019	Nov 10, 2019
Anchor Lockin End date 2	Nov 12, 2019	Jan 09, 2020

Financials

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

Spandana Sphoorty IPO

Vishwaraj 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	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

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-19	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	71,954.96	62,418.63	54,319.99	58,898.53	60,501.20
Total Revenue	30,787.55	26,893.11	32,289.84	40,864.55	34,936.75
Profit After Tax	(1,761.99)	(426.67)	606.25	85.35	(57.68)

Promoter Shareholding (Pre-Issue)

81.21%

54.22%

Promoter Shareholding (Post-Issue)

62.6%

32.83%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Spandana Sphoorty IPO retail investors (RII) are offered 49,16,120 shares while in Vishwaraj IPO retail investors are offered 49,16,120 shares. Qualified institutional buyers (QIB) are offered 70,23,027 shares in Spandana Sphoorty IPO and 10,00,000 shares in Vishwaraj IPO.

	Spandana Sphoorty IPO	Vishwaraj IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	70,23,027 shares	10,00,000 shares
NII	21,06,909 shares	40,00,000 shares
RII	49,16,120 shares	50,00,000 shares
Employee		0 shares
Others
Total	1,40,46,056 shares	1,00,00,000 shares

Bids Received (Subscription)

Spandana Sphoorty IPO subscribed 1.05x in total, whereas Vishwaraj IPO subscribed 1.12x.

	Spandana Sphoorty IPO	Vishwaraj IPO
QIB (times)	3.11x	1.00x
NII (times)	0.55x	1.76x
Big NII (times)
Small NII (times)
RII (times)	0.09x	0.64x
Employee (times)
Other (times)
Total (times)	1.05x	1.12x

Compare with others

Spandana Sphoorty IPO	Vishwaraj IPO
Ujjivan Bank IPO	Prince Pipes IPO
CSB Bank IPO	SBI Cards IPO
IRCTC IPO	Ujjivan Bank IPO
Vishwaraj IPO	CSB Bank IPO
Sterling and Wilson IPO	IRCTC IPO
Affle IPO	Sterling and Wilson IPO
IndiaMart IPO	Spandana Sphoorty IPO
Neogen Chemicals IPO	Affle IPO
Rail Vikas IPO	IndiaMart IPO
Polycab IPO	Neogen Chemicals IPO

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