IndiaMart IPO vs IRCTC IPO

Comparision between IndiaMart IPO and IRCTC IPO.

IPO Details

IndiaMart IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while IRCTC IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	IndiaMart IPO	IRCTC 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	Edelweiss Financial Services Ltd ICICI Securities Limited Jefferies India Private Limited	Idbi Capital Market Services Limited SBI Capital Markets Limited Yes Securities (India) Limited
Registrar	Link Intime India Private Ltd	Alankit Assignments Ltd
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 IndiaMart IPO is up to ₹475.59 Cr whereas the issue size of the IRCTC IPO is up to ₹645.12 Cr. The final issue price of IndiaMart IPO is ₹973.00 per share and of IRCTC IPO is ₹320.00 per share.

	IndiaMart IPO	IRCTC IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹970.00 per share	₹315.00 per share
Issue Price (Upper)	₹973.00 per share	₹320.00 per share
Issue Price (Final)	₹973.00 per share	₹320.00 per share
Discount (Retail)		₹10.00 per share
Discount (Employee)	₹97.00 per share	₹10.00 per share
Market Lot Size	15 shares	40 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size	48,87,862 shares	2,01,60,000 shares
OFS Issue Size (Amount)
Issue Size Total	48,87,862 shares	2,01,60,000 shares
Issue Size Total (Amount)	up to ₹475.59 Cr	up to ₹645.12 Cr

IPO Timetable

IndiaMart IPO opens on Jun 24, 2019, while IRCTC IPO opens on Sep 30, 2019. The closing date of IndiaMart IPO and IRCTC IPO is Jun 26, 2019, and Oct 03, 2019, respectively.

	IndiaMart IPO	IRCTC IPO
Anchor Bid Date
Issue Open	Jun 24, 2019	Sep 30, 2019
Issue Close	Jun 26, 2019	Oct 03, 2019
Basis Of Allotment (Tentative)	Jul 01, 2019	Oct 09, 2019
Initiation of Refunds (Tentative)	Jul 02, 2019	Oct 10, 2019
Credit of Share (Tentative)	Jul 03, 2019	Oct 11, 2019
Listing date (Tentative)	Jul 04, 2019	Oct 14, 2019
Anchor Lockin End date 1	Jul 31, 2019	Nov 08, 2019
Anchor Lockin End date 2	Sep 29, 2019	Jan 07, 2020

Financials

IndiaMart IPO P/E ratio is , as compared to IRCTC IPO P/E ratio of .

IndiaMart IPO

IRCTC IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. 10 Lakhs)
	31-Mar-19	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	8,207.55	5,427.13	2,209.06	1,907.51	1,024.78
Total Revenue	5,074.17	4,105.08	3,177.63	2,542.89	1,760.72
Profit After Tax	200.44	547.59	(643.46)	(1,159.12)	(318.85)

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. 10 Lakhs)
	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	25,837.80	23,191.06	18,264.54
Total Revenue	19,566.60	15,695.60	16,028.50
Profit After Tax	2,725.95	2,206.19	2,290.81

Promoter Shareholding (Pre-Issue)

58%

100%

Promoter Shareholding (Post-Issue)

53%

87.40%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the IndiaMart IPO retail investors (RII) are offered 4,87,786 shares while in IRCTC IPO retail investors are offered 4,87,786 shares. Qualified institutional buyers (QIB) are offered 36,58,397 shares in IndiaMart IPO and 1,00,00,000 shares in IRCTC IPO.

	IndiaMart IPO	IRCTC IPO
Anchor Investor Reserveration
Market Maker Reserveration	10,000 shares
QIB	36,58,397 shares	1,00,00,000 shares
NII	7,31,679 shares	30,00,000 shares
RII	4,87,786 shares	70,00,000 shares
Employee		1,60,000 shares
Others
Total	48,77,862 shares	2,01,60,000 shares

Bids Received (Subscription)

IndiaMart IPO subscribed 36.21x in total, whereas IRCTC IPO subscribed 111.91x.

	IndiaMart IPO	IRCTC IPO
QIB (times)	30.83x	108.79x
NII (times)	62.13x	354.52x
Big NII (times)
Small NII (times)
RII (times)	14.07x	14.83x
Employee (times)	6.06x	5.81x
Other (times)
Total (times)	36.21x	111.91x

Compare with others

IndiaMart IPO	IRCTC IPO
IRCTC IPO	Equitas Small Finance Bank IPO
Vishwaraj IPO	Prince Pipes IPO
Sterling and Wilson IPO	SBI Cards IPO
Spandana Sphoorty IPO	Ujjivan Bank IPO
Affle IPO	CSB Bank IPO
Neogen Chemicals IPO	Vishwaraj IPO
Rail Vikas IPO	Sterling and Wilson IPO
Polycab IPO	Spandana Sphoorty IPO
Metropolis IPO	Affle IPO
Embassy Office Parks	IndiaMart IPO

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