Garden Reach Shipbuilders IPO vs TCNS Clothing IPO

Comparision between Garden Reach Shipbuilders IPO and TCNS Clothing IPO.

IPO Details

Garden Reach Shipbuilders IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while TCNS Clothing IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Garden Reach Shipbuilders IPO	TCNS Clothing 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	Idbi Capital Market Services Limited Yes Securities (India) Limited	Citigroup Global Markets India Private Limited Kotak Mahindra Capital Company Limited
Registrar	Alankit Assignments 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 Garden Reach Shipbuilders IPO is up to ₹344.69 Cr whereas the issue size of the TCNS Clothing IPO is up to ₹1,125.13 Cr. The final issue price of Garden Reach Shipbuilders IPO is ₹118.00 per share and of TCNS Clothing IPO is ₹716.00 per share.

	Garden Reach Shipbuilders IPO	TCNS Clothing IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹114.00 per share	₹714.00 per share
Issue Price (Upper)	₹118.00 per share	₹716.00 per share
Issue Price (Final)	₹118.00 per share	₹716.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	120 shares	20 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size		1,57,14,038 shares
OFS Issue Size (Amount)
Issue Size Total	2,92,10,760 shares	1,57,14,038 shares
Issue Size Total (Amount)	up to ₹344.69 Cr	up to ₹1,125.13 Cr

IPO Timetable

Garden Reach Shipbuilders IPO opens on Sep 24, 2018, while TCNS Clothing IPO opens on Jul 18, 2018. The closing date of Garden Reach Shipbuilders IPO and TCNS Clothing IPO is Oct 01, 2018, and Jul 20, 2018, respectively.

	Garden Reach Shipbuilders IPO	TCNS Clothing IPO
Anchor Bid Date
Issue Open	Sep 24, 2018	Jul 18, 2018
Issue Close	Oct 01, 2018	Jul 20, 2018
Basis Of Allotment (Tentative)	Oct 01, 2018	Jul 25, 2018
Initiation of Refunds (Tentative)	Oct 03, 2018	Jul 26, 2018
Credit of Share (Tentative)	Oct 03, 2018	Jul 27, 2018
Listing date (Tentative)	Oct 10, 2018	Jul 30, 2018
Anchor Lockin End date 1	Oct 31, 2018	Aug 24, 2018
Anchor Lockin End date 2	Dec 30, 2018	Oct 23, 2018

Financials

Garden Reach Shipbuilders IPO P/E ratio is , as compared to TCNS Clothing IPO P/E ratio of .

Garden Reach Shipbuilders IPO

TCNS Clothing IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Millions)
	30-Sep-17	31-Mar-17	31-Mar-16	31-Mar-15(Proforma)
Total Assets	46,999.32	45,650.04	44,514.94	40,009.76
Total Revenue	5,8583.93	11,579.57	18,467.47	16,391.63
Profit After Tax	180.69	122.32	1,620.47	517.28

Summary of financial Information (Restated Standalone)
Particulars	For the year/period ended (in Rs. Million)
	31-Mar-18	31-Mar-17	31-Mar-16 (Proforma)
Total Assets	5,763.59	4,258.04	3,087.843
Total Revenue	8,491.57	7,129.73	4,881.35
Profit After Tax	980.97	157.97	(414.96)

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Garden Reach Shipbuilders IPO retail investors (RII) are offered 1,00,23,300 shares while in TCNS Clothing IPO retail investors are offered 1,00,23,300 shares. Qualified institutional buyers (QIB) are offered 1,43,19,000 shares in Garden Reach Shipbuilders IPO and 34,12,808 shares in TCNS Clothing IPO.

	Garden Reach Shipbuilders IPO	TCNS Clothing IPO
Anchor Investor Reserveration		47,14,210 shares
Market Maker Reserveration
QIB	1,43,19,000 shares	34,12,808 shares
NII	42,95,700 shares	23,57,106 shares
RII	1,00,23,300 shares	54,99,914 shares
Employee	5,72,760 shares	0 shares
Others
Total	2,92,10,760 shares	1,12,69,828 shares

Bids Received (Subscription)

Garden Reach Shipbuilders IPO subscribed 1.02x in total, whereas TCNS Clothing IPO subscribed 5.22x.

	Garden Reach Shipbuilders IPO	TCNS Clothing IPO
QIB (times)	1.81x	13.47x
NII (times)	0.31x	5.08x
Big NII (times)
Small NII (times)
RII (times)	0.24x	0.57x
Employee (times)	0.14x
Other (times)
Total (times)	1.02x	5.22x

Compare with others

Garden Reach Shipbuilders IPO	TCNS Clothing IPO
Embassy Office Parks	Xelpmoc Design and Tech IPO
MSTC IPO	Aavas Financiers IPO
Xelpmoc Design and Tech IPO	IRCON International IPO
Aavas Financiers IPO	Garden Reach Shipbuilders IPO
IRCON International IPO	Chalet Hotels Limited IPO
Chalet Hotels Limited IPO	CreditAccess Grameen IPO
TCNS Clothing IPO	HDFC AMC IPO
CreditAccess Grameen IPO	Varroc Engineering IPO
HDFC AMC IPO	Fine Organic IPO
Varroc Engineering IPO	RITES Limited IPO

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