Polycab India Ltd IPO at a Glance

Issue Highlights

Issue Period	5/4/19-9/4/19
Price Band (Rs.)	533-538
Issue Size(shares)	3,41,80, 503
Issue Size (Rs. crore)	1337.12
Issue Type	10% Book Built
Face Value (Rs.)	10
Listing	BSE,NSE
Industry	Electricity Cable
Registrar	Karvy Computershare Pvt  Ltd
Minimum Bid Quantity(shares)	27
Maximum Retail Subscription (Rs.)	1,88,838 (13 lots)
BRLM	IIFL, Yes Securities

Issue Details

Offer Type	In INR (Crore)	In shares
Offer for Sale :	945.91	1,75,82,000
Fresh Issue:	400	74,34,944

Equity Shares Outstanding Prior to the Issue:	14,12,05,838	70.28 %  of the issue
Equity Shares Outstanding After the Issue:	14,86,40,782	29.71 % of the issue

Objects of the Issue

·         Scheduled repayment of all or a portion of borrowings availed by the company

·         To fund incremental working capital of the company

·         General corporate purposes

Financial Profile

Parameter	FY 18 Value
Post Issue PE Ratio	21.57
Post issue PB Ratio	3.4
Net Profit Margin (%)	5.31
EBITDA Margin	11.49
ROE %	17.05
ROCE %(EBIT)	25.82
ROCE% (NP)	14.28
Total Liab/ Networth	1.98
TIE	7.15
EV/EBITDA	15.27
CAGR Profit 2 year	41.69
PEG profit 2 years ##	.52

The performance of Indian banks from Diwali to Diwali (2017-2018)

Indian  banking sector especially the PSU one seems to be in doldrums. Rising NPAs, rising interest rates scenario, lower credit growth and banking frauds are some reasons to quote.
Barring a few banks almost whole banking sector ended up in negative returns that is a wealth destroyer performance.
A lot of PSU banks halved or more than halved in their market capitalization.

The top 5 best banking shares:

The worst 5 banking shares:

Godrej Agrovet Ltd IPO at a Glance

Issue Highlights

Issue Period	4/10/17-6/10/17
Price Band (Rs.)	450-460
Issue Size (shares)	2,52,17,391
Issue Size  (Rs. crore)	1160
Issue Type	100% book built
Face Value (Rs.)	10
Listing	BSE, NSE
Industry	Agri-business
Registrar	Karvy computershare
Minimum Bid Quantity (shares)	32
Maximum Retail Subscription (Rs.)	1,91,360 ( 13 lots )
BRLM	Kotak, Axis Capital, Credit Suisse

Issue Details

Offer Type	In INR	In shares
Offer for Sale :	868.49	1,88,80,217
Fresh Issue:	291.51	63,37,174

Equity Shares Outstanding Prior to the Issue:	18,53,23,777
Equity Shares Outstanding After the Issue:	19,16,60,951

Financial Profile

Parameter	FY 17 Value
Post Issue PE Ratio	23.57
Post issue PB Ratio	6.97
Net Profit Margin (%)	7.5
ROE %	32.81
ROCE %	21.69
Toatal Liab/ Networth	1.54
TIE	1
EV/EBITDA	27.74
PEG profit 4 years ##	.83

Cochin Shipyard Limited IPO Subscription

Overall 76.19 times Issue Subscription as on 3/8/17

QIB (Qualified Institutional Investors ): 63.52 times Subscription

NII (Non Institutional Investors): 288.87 times Subscription

RII (Retail Individual Investors): 8.51 times Subscription

Employee: 48% subscription

Security & Intelligence Services Ltd IPO Subscription

Overall 7.07 times Issue Subscription as on 2/8/17

QIB (Qualified Institutional Investors ): 5.64 times Subscription

NII (Non Institutional Investors): 1.66 Subscription

RII (Retail Individual Investors): 19.51 times Subscription

Cochin Shipyard Ltd IPO at a Glance

Issue Highlights

Issue Period	1/8/2017-3/8/2017
Price Band (Rs.)	424-432
Issue Size(shares)	3,39,84,000
Issue Size (Rs. Crore)	1468.1
Issue Type	10 % Book Built
Face Value (Rs.)	10
Listing	BSE,NSE
Industry	Shipyard
Registrar	Link Intime
Minimum Bid Quantity (shares)	30
Maximum Retail Subscription (Rs.)	1,97,280 (16 lots)
BRLM	SBI Cap, Edelweiss fin, JM Fin
Retail & Employee Discount (Rs.)	21

Issue Details

Security and Intelligence Services Ltd (SISL) IPO at a Glance

Issue Highlights

Issue Period	31/7/2017-2/8/17
Price Band (Rs.)	805-815
Issue Size(shares)	95,65,404
Issue Size (Rs. crore)	789.58
Issue Type	100% Book built
Face Value (Rs.)	10
Listing	BSE, NSE
Industry	Private security services
Registrar	Link Intime India Pvt. Ltd.
Minimum Bid Quantity (shares)	18
Maximum Retail Subscription (Rs.)	1,90,710 ( 13 lots )
BRLM	Axis cap, ICICI Sec, IDBI cap,IIFL holding,Kotak Mahindra Cap, SBI Cap Market Ltd, Yes Sec

# derived figure

Issue Details

Offer Type	In INR	In shares
Offer for Sale :	417.33 crore	51,20,619
Fresh Issue:	362.25 crore	44,44,785

Equity Shares Outstanding Prior to the Issue:	6,87,14,375
Equity Shares Outstanding After the Issue :	7,31,59,160

Financial Profile

Parameter	FY 17 Value
Post Issue PE Ratio	65.32
PI PB Ratio	10.98
EBITDA Margin	5.1
Net Profit Margin (%)	1.99
ROE %	18.39
ROCE %	15.24
Toatal Liab/ Networth	2.75
TIE	1
EV/EBITDA	28.51
PEG profit 4 years ##	5.26

Comparison with the listed Peers #

	NPM (%)	ROCE(%)	ROE(%)	PE	EV/EBITDA
SIS	1.99	15.24	18.39	65.32	28.51
Quess Corp	2.72	8.95	13.56	99.75	37.8

# moneycontrol data as on 28/7/2017 99.75