Gitanjali Gems IPO vs South Indian Bank FPO

Comparison between Gitanjali Gems IPO and South Indian Bank FPO.

IPO Details

Gitanjali Gems IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while South Indian Bank FPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Gitanjali Gems IPO is up to ₹331.50 Cr whereas the issue size of the South Indian Bank FPO is up to ₹150.00 Cr. The final issue price of Gitanjali Gems IPO is ₹195.00 per share and of South Indian Bank FPO is ₹66.00 per share.

 Gitanjali Gems IPOSouth Indian Bank FPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹170.00 per share₹60.00 per share
Issue Price (Upper)₹195.00 per share₹66.00 per share
Issue Price (Final)₹195.00 per share₹66.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size
Fresh Issue Size1,70,00,000 shares2,27,27,272 shares
Fresh Issue Size (Amount)up to ₹331.50 Crup to ₹150.00 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total1,70,00,000 shares2,27,27,272 shares
Issue Size Total (Amount)up to ₹331.50 Crup to ₹150.00 Cr

IPO Timetable

Gitanjali Gems IPO opens on Feb 16, 2006, while South Indian Bank FPO opens on Feb 10, 2006. The closing date of Gitanjali Gems IPO and South Indian Bank FPO is Feb 21, 2006, and Feb 15, 2006, respectively.

Financials & KPIs

Gitanjali Gems IPO P/E ratio is 92.49, as compared to South Indian Bank FPO P/E ratio of 36.17.

 Gitanjali Gems IPOSouth Indian Bank FPO
Financials

Company Financials (Restated Consolidated)

Period Ended30 Sep 200531 Mar 200531 Mar 200431 Mar 2003
Assets1,574.46756.98686.69669.55
Total Income1,152.231,358.531,215.131,145.47
Profit After Tax25.918.8611.7218.63
EBITDA50.2627.6830.7647.95
NET Worth346.04224.51214.30199.41
Reserves and Surplus248.20190.70181.88168.13
Total Borrowing625.65313.81300.01278.30
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 200531 Mar 200531 Mar 200431 Mar 2003
Assets9,232.179,457.049,237.567,611.81
Total Income394.67811.38915.43837.73
Profit After Tax13.948.7084.3372.33
NET Worth450.69437.37375.43300.17
Reserves and Surplus401.06387.10335.78259.24
Total Borrowing62.903.7379.4594.89
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)95.240
Promoter Shareholding (Post-Issue)67.80
P/E Ratio92.4936.17
Market Cap₹1150.47 Cr.₹464.67 Cr.
ROE
ROCE
Debt/Equity
EPS₹2.11₹1.82
RoNW4.554.31

Shares Offered

In the Gitanjali Gems IPO Retail Individual Investors (RII) are offered 58,97,500 shares while in South Indian Bank FPO retail investors are offered 58,97,500 shares. Qualified Institutional Buyers (QIB) are offered 84,25,000 shares in Gitanjali Gems IPO and 90,90,909 shares in South Indian Bank FPO.

 Gitanjali Gems IPOSouth Indian Bank FPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation0 shares0 shares
QIB84,25,000 shares90,90,909 shares
NII25,27,500 shares27,27,273 shares
RII58,97,500 shares63,63,636 shares
Employee1,50,000 shares22,72,727 shares
Others
Total1,70,00,000 shares2,27,27,272 shares

Bids Received (Subscription)

Gitanjali Gems IPO subscribed in total, whereas South Indian Bank FPO subscribed .

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