Indigo Paints IPO vs RailTel IPO

Comparision between Indigo Paints IPO and RailTel IPO.

IPO Details

Indigo Paints IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while RailTel IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Indigo Paints IPO	RailTel 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 Kotak Mahindra Capital Company Limited	ICICI Securities Limited Idbi Capital Market Services Limited SBI Capital Markets Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
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 Indigo Paints IPO is up to ₹1,176.00 Cr whereas the issue size of the RailTel IPO is up to ₹819.24 Cr. The final issue price of Indigo Paints IPO is ₹1,490.00 per share and of RailTel IPO is ₹94.00 per share.

	Indigo Paints IPO	RailTel IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹1,488.00 per share	₹93.00 per share
Issue Price (Upper)	₹1,490.00 per share	₹94.00 per share
Issue Price (Final)	₹1,490.00 per share	₹94.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	10 shares	155 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹300.00 Cr
OFS Issue Size	58,40,000 shares	8,71,53,369 shares
OFS Issue Size (Amount)		up to ₹819.24 Cr
Issue Size Total		8,71,53,369 shares
Issue Size Total (Amount)	up to ₹1,176.00 Cr	up to ₹819.24 Cr

IPO Timetable

Indigo Paints IPO opens on Jan 20, 2021, while RailTel IPO opens on Feb 16, 2021. The closing date of Indigo Paints IPO and RailTel IPO is Jan 22, 2021, and Feb 18, 2021, respectively.

	Indigo Paints IPO	RailTel IPO
Anchor Bid Date
Issue Open	Jan 20, 2021	Feb 16, 2021
Issue Close	Jan 22, 2021	Feb 18, 2021
Basis Of Allotment (Tentative)	Jan 28, 2021	Feb 23, 2021
Initiation of Refunds (Tentative)	Jan 29, 2021	Feb 24, 2021
Credit of Share (Tentative)	Feb 01, 2021	Feb 24, 2021
Listing date (Tentative)	Feb 02, 2021	Feb 26, 2021
Anchor Lockin End date 1	Feb 27, 2021	Mar 25, 2021
Anchor Lockin End date 2	Apr 28, 2021	May 24, 2021

Financials

Indigo Paints IPO P/E ratio is , as compared to RailTel IPO P/E ratio of .

Indigo Paints IPO

RailTel IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in million)
	30-Sept-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	4,112.91	4,219.59	3,731.83	2,973.94
Total Revenue	2,602.43	6,264.36	5,372.62	4,031.05
Profit After Tax	272.05	478.15	268.70	128.62

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (Rs in million)
	30-Sep-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	24,821.50	23,981	22,276.75	23,228.79
Total Revenue	5,537.84	11,660.05	10,382.66	10,212.18
Profit After Tax	455.84	1,410.66	1,353.56	1,340.06

Promoter Shareholding (Pre-Issue)

60.05%

100%

Promoter Shareholding (Post-Issue)

54%

72.84%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Indigo Paints IPO retail investors (RII) are offered 27,24,198 shares while in RailTel IPO retail investors are offered 27,24,198 shares. Qualified institutional buyers (QIB) are offered 15,56,690 shares in Indigo Paints IPO and 1,73,69,237 shares in RailTel IPO.

	Indigo Paints IPO	RailTel IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	15,56,690 shares	1,73,69,237 shares
NII	11,67,514 shares	1,29,98,006 shares
RII	27,24,198 shares	3,03,28,680 shares
Employee	70,000 shares	5,00,000 shares
Others
Total	55,18,402 shares	6,11,95,923 shares

Bids Received (Subscription)

Indigo Paints IPO subscribed 117.02x in total, whereas RailTel IPO subscribed 42.39x.

	Indigo Paints IPO	RailTel IPO
QIB (times)	189.57x	65.14x
NII (times)	263.05x	73.25x
Big NII (times)
Small NII (times)
RII (times)	15.93x	16.78x
Employee (times)	2.50x	3.35x
Other (times)
Total (times)	117.02x	42.39x

Compare with others

Indigo Paints IPO	RailTel IPO
Heranba Industries IPO	Indigo Paints IPO
Nureca limited IPO	Antony Waste IPO
Brookfield India REIT	Mrs. Bectors Food IPO
Stove Kraft IPO	IRFC IPO
Home First Finance IPO	Burger King IPO
Antony Waste IPO	Gland Pharma IPO
Mrs. Bectors Food IPO	Mazagon Dock IPO
IRFC IPO	Likhitha Infrastructure IPO
Burger King IPO	Chemcon IPO
RailTel IPO	Route Mobile IPO

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