HDFC AMC IPO vs TCNS Clothing IPO

Comparision between HDFC AMC IPO and TCNS Clothing IPO.

IPO Details

HDFC AMC 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.

	HDFC AMC 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	Axis Capital Limited Bofa Securities India Limited Citigroup Global Markets India Private Limited Clsa India Private Limited Hdfc Bank Limited ICICI Securities Limited Iifl Securities Ltd J.P. Morgan India Private Limited Jm Financial Limited Kotak Mahindra Capital Company Limited Morgan Stanley India Company Pvt Ltd Nomura Financial Advisory And Securities (India) Pvt Ltd	Citigroup Global Markets India Private Limited Kotak Mahindra Capital Company Limited
Registrar	Kfin Technologies Limited	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 HDFC AMC IPO is up to ₹2,800.33 Cr whereas the issue size of the TCNS Clothing IPO is up to ₹1,125.13 Cr. The final issue price of HDFC AMC IPO is ₹1,100.00 per share and of TCNS Clothing IPO is ₹716.00 per share.

	HDFC AMC IPO	TCNS Clothing IPO
Face Value	₹5 per share	₹2 per share
Issue Price (Lower)	₹1,095.00 per share	₹714.00 per share
Issue Price (Upper)	₹1,100.00 per share	₹716.00 per share
Issue Price (Final)	₹1,100.00 per share	₹716.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	13 shares	20 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size	2,54,57,555 shares	1,57,14,038 shares
OFS Issue Size (Amount)
Issue Size Total	2,54,57,555 shares	1,57,14,038 shares
Issue Size Total (Amount)	up to ₹2,800.33 Cr	up to ₹1,125.13 Cr

IPO Timetable

HDFC AMC IPO opens on Jul 25, 2018, while TCNS Clothing IPO opens on Jul 18, 2018. The closing date of HDFC AMC IPO and TCNS Clothing IPO is Jul 27, 2018, and Jul 20, 2018, respectively.

	HDFC AMC IPO	TCNS Clothing IPO
Anchor Bid Date
Issue Open	Jul 25, 2018	Jul 18, 2018
Issue Close	Jul 27, 2018	Jul 20, 2018
Basis Of Allotment (Tentative)	Aug 01, 2018	Jul 25, 2018
Initiation of Refunds (Tentative)	Aug 02, 2018	Jul 26, 2018
Credit of Share (Tentative)	Aug 03, 2018	Jul 27, 2018
Listing date (Tentative)	Aug 06, 2018	Jul 30, 2018
Anchor Lockin End date 1	Aug 31, 2018	Aug 24, 2018
Anchor Lockin End date 2	Oct 30, 2018	Oct 23, 2018

Financials

HDFC AMC IPO P/E ratio is , as compared to TCNS Clothing IPO P/E ratio of .

HDFC AMC IPO

TCNS Clothing IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Millions)
	31-Dec-17	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	25,831.58	15,995.90	14,227.17	13,117.50	11,213.36	8,294.39
Total Revenue	13,167.21	15,879.10	14,943.42	10,642.76	9,031.14	7,839.76
Profit After Tax	4,955.55	5,502.46	4,778.80	4,155.00	3,577.70	3,187.46

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 HDFC AMC IPO retail investors (RII) are offered 77,62,145 shares while in TCNS Clothing IPO retail investors are offered 77,62,145 shares. Qualified institutional buyers (QIB) are offered 44,35,511 shares in HDFC AMC IPO and 34,12,808 shares in TCNS Clothing IPO.

	HDFC AMC IPO	TCNS Clothing IPO
Anchor Investor Reserveration		47,14,210 shares
Market Maker Reserveration
QIB	44,35,511 shares	34,12,808 shares
NII	33,26,634 shares	23,57,106 shares
RII	77,62,145 shares	54,99,914 shares
Employee	8,80,000 shares	0 shares
Others
Total	1,88,04,290 shares	1,12,69,828 shares

Bids Received (Subscription)

HDFC AMC IPO subscribed 82.99x in total, whereas TCNS Clothing IPO subscribed 5.22x.

	HDFC AMC IPO	TCNS Clothing IPO
QIB (times)	192.26x	13.47x
NII (times)	195.15x	5.08x
Big NII (times)
Small NII (times)
RII (times)	6.57x	0.57x
Employee (times)	1.51x
Other (times)	2.65x
Total (times)	82.99x	5.22x

Compare with others

HDFC AMC IPO	TCNS Clothing IPO
IRCON International IPO	Xelpmoc Design and Tech IPO
Garden Reach Shipbuilders IPO	Aavas Financiers IPO
Chalet Hotels Limited IPO	IRCON International IPO
TCNS Clothing IPO	Garden Reach Shipbuilders IPO
CreditAccess Grameen IPO	Chalet Hotels Limited IPO
Varroc Engineering IPO	CreditAccess Grameen IPO
Fine Organic IPO	HDFC AMC IPO
RITES Limited IPO	Varroc Engineering IPO
IndoStar Capital Finance IPO	Fine Organic IPO
Lemon Tree Hotels IPO	RITES Limited IPO

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