HPL Electric IPO vs Varun Beverages IPO

Comparision between HPL Electric IPO and Varun Beverages IPO.

IPO Details

HPL Electric 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.

	HPL Electric 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	ICICI Securities Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) SBI Capital Markets Limited	Axis Capital Limited Clsa India Private Limited Kotak Mahindra Capital Company Limited Yes Bank Limited
Registrar	Kfin Technologies Limited	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 HPL Electric IPO is up to ₹361.00 Cr whereas the issue size of the Varun Beverages IPO is up to ₹1,112.50 Cr. The final issue price of HPL Electric IPO is ₹202.00 per share and of Varun Beverages IPO is ₹445.00 per share.

	HPL Electric IPO	Varun Beverages IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹175.00 per share	₹440.00 per share
Issue Price (Upper)	₹202.00 per share	₹445.00 per share
Issue Price (Final)	₹202.00 per share	₹445.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	70 shares	33 shares
Fresh Issue Size		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		2,50,00,000 shares
Issue Size Total (Amount)	up to ₹361.00 Cr	up to ₹1,112.50 Cr

IPO Timetable

HPL Electric IPO opens on Sep 22, 2016, while Varun Beverages IPO opens on Oct 26, 2016. The closing date of HPL Electric IPO and Varun Beverages IPO is Sep 26, 2016, and Oct 28, 2016, respectively.

	HPL Electric IPO	Varun Beverages IPO
Anchor Bid Date
Issue Open	Sep 22, 2016	Oct 26, 2016
Issue Close	Sep 26, 2016	Oct 28, 2016
Basis Of Allotment (Tentative)	Sep 29, 2016	Nov 03, 2016
Initiation of Refunds (Tentative)	Sep 30, 2016	Nov 04, 2016
Credit of Share (Tentative)	Oct 03, 2016	Nov 07, 2016
Listing date (Tentative)	Oct 04, 2016	Nov 08, 2016
Anchor Lockin End date 1	Oct 29, 2016	Dec 03, 2016
Anchor Lockin End date 2	Dec 28, 2016	Feb 01, 2017

Financials

HPL Electric IPO P/E ratio is , as compared to Varun Beverages IPO P/E ratio of .

HPL Electric 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	13,489.73	11,417.30	9,857.00	9,071.08	7,678.04
Total Revenue	11,201.19	10,498.32	10,122.77	9,075.44	7,188.55
Profit After Tax (PAT)	370.43	344.43	287.84	314.14	287.56

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 HPL Electric IPO retail investors (RII) are offered 72,20,000 shares while in Varun Beverages IPO retail investors are offered 72,20,000 shares. Qualified institutional buyers (QIB) are offered 41,25,715 shares in HPL Electric IPO and 49,00,000 shares in Varun Beverages IPO.

	HPL Electric IPO	Varun Beverages IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	41,25,715 shares	49,00,000 shares
NII	30,94,286 shares	36,75,000 shares
RII	72,20,000 shares	85,75,000 shares
Employee		5,00,000 shares
Others
Total	1,44,40,001 shares	1,76,50,000 shares

Bids Received (Subscription)

HPL Electric IPO subscribed 8.06x in total, whereas Varun Beverages IPO subscribed 1.86x.

	HPL Electric IPO	Varun Beverages IPO
QIB (times)	5.77x	4.94x
NII (times)	22.20x	0.42x
Big NII (times)
Small NII (times)
RII (times)	3.31x	0.82x
Employee (times)		0.05x
Other (times)
Total (times)	8.06x	1.86x

Compare with others

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

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