GNA Axles IPO vs Varun Beverages IPO

Comparision between GNA Axles IPO and Varun Beverages IPO.

IPO Details

GNA Axles IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Varun Beverages IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	GNA Axles IPO	Varun Beverages 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	Ambit Private Limited Pnb Investment Services Ltd	Axis Capital Limited Clsa India Private Limited Kotak Mahindra Capital Company Limited Yes Bank Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Market Maker
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 GNA Axles IPO is up to ₹130.41 Cr whereas the issue size of the Varun Beverages IPO is up to ₹1,112.50 Cr. The final issue price of GNA Axles IPO is ₹207.00 per share and of Varun Beverages IPO is ₹445.00 per share.

	GNA Axles IPO	Varun Beverages IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹205.00 per share	₹440.00 per share
Issue Price (Upper)	₹207.00 per share	₹445.00 per share
Issue Price (Final)	₹207.00 per share	₹445.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	70 shares	33 shares
Fresh Issue Size	63,00,000 shares	2,50,00,000 shares
Fresh Issue Size (Amount)		up to ₹1,112.50 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	63,00,000 shares	2,50,00,000 shares
Issue Size Total (Amount)	up to ₹130.41 Cr	up to ₹1,112.50 Cr

IPO Timetable

GNA Axles IPO opens on Sep 14, 2016, while Varun Beverages IPO opens on Oct 26, 2016. The closing date of GNA Axles IPO and Varun Beverages IPO is Sep 16, 2016, and Oct 28, 2016, respectively.

	GNA Axles IPO	Varun Beverages IPO
Anchor Bid Date
Issue Open	Sep 14, 2016	Oct 26, 2016
Issue Close	Sep 16, 2016	Oct 28, 2016
Basis Of Allotment (Tentative)	Sep 21, 2016	Nov 03, 2016
Initiation of Refunds (Tentative)	Sep 22, 2016	Nov 04, 2016
Credit of Share (Tentative)	Sep 23, 2016	Nov 07, 2016
Listing date (Tentative)	Sep 26, 2016	Nov 08, 2016
Anchor Lockin End date 1	Oct 21, 2016	Dec 03, 2016
Anchor Lockin End date 2	Dec 20, 2016	Feb 01, 2017

Financials

GNA Axles IPO P/E ratio is , as compared to Varun Beverages IPO P/E ratio of .

GNA Axles IPO

Varun Beverages IPO

Financial

Summary of financial Information
Particulars	For the year/period ended (in Rs. Million)
	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12
Total Assets	4,465.32	4,264.62	3,818.51	3,178.77	2,674.52
Total Revenue	5,089.43	4,306.44	4,042.48	3,490.51	3,986.66
Profit After Tax (PAT)	259.56	215.98	132.65	48.14	169.34

Summary of financial Information
Particulars	For the year/period ended (in Rs. Million)
	31-Dec-15	31-Dec-14	31-Dec-13	31-Dec-12
Total Assets	44,374.50	32,950.08	29,893.68	25,548.04
Total Revenue	34,084.30	25,170.96	21,325.03	18,441.90
Profit After Tax (PAT)	870.38	(201.56)	(395.30)	251.08

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the GNA Axles IPO retail investors (RII) are offered 21,35,000 shares while in Varun Beverages IPO retail investors are offered 21,35,000 shares. Qualified institutional buyers (QIB) are offered 12,20,000 shares in GNA Axles IPO and 49,00,000 shares in Varun Beverages IPO.

	GNA Axles IPO	Varun Beverages IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	12,20,000 shares	49,00,000 shares
NII	9,15,000 shares	36,75,000 shares
RII	21,35,000 shares	85,75,000 shares
Employee	2,00,000 shares	5,00,000 shares
Others
Total	44,70,000 shares	1,76,50,000 shares

Bids Received (Subscription)

GNA Axles IPO subscribed 54.88x in total, whereas Varun Beverages IPO subscribed 1.86x.

	GNA Axles IPO	Varun Beverages IPO
QIB (times)	17.18x	4.94x
NII (times)	217.47x	0.42x
Big NII (times)
Small NII (times)
RII (times)	11.84x	0.82x
Employee (times)	0.31x	0.05x
Other (times)
Total (times)	54.88x	1.86x

Compare with others

GNA Axles IPO	Varun Beverages IPO
Sheela Foam IPO	DMart IPO
PNB Housing Finance IPO	BSE Limited IPO
Varun Beverages IPO	Laurus Labs IPO
Endurance Technologies IPO	Sheela Foam IPO
HPL Electric IPO	PNB Housing Finance IPO
L&T Technology IPO	Endurance Technologies IPO
ICICI Prudential Life IPO	HPL Electric IPO
RBL Bank IPO	GNA Axles IPO
S P Apparels IPO	L&T Technology IPO
Dilip Buildcon IPO	ICICI Prudential Life IPO

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