Burger King IPO vs IRFC IPO

Comparision between Burger King IPO and IRFC IPO.

IPO Details

Burger King IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while IRFC IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Burger King IPO	IRFC 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	Clsa India Private Limited Edelweiss Financial Services Ltd Jm Financial Limited Kotak Mahindra Capital Company Limited	Hsbc Securities & Capital Markets Pvt Ltd ICICI Securities Limited Idfc Bank 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 Burger King IPO is up to ₹810.00 Cr whereas the issue size of the IRFC IPO is up to ₹4,633.38 Cr. The final issue price of Burger King IPO is ₹60.00 per share and of IRFC IPO is ₹26.00 per share.

	Burger King IPO	IRFC IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹59.00 per share	₹25.00 per share
Issue Price (Upper)	₹60.00 per share	₹26.00 per share
Issue Price (Final)	₹60.00 per share	₹26.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	250 shares	575 shares
Fresh Issue Size	7,50,00,000 shares	1,18,80,46,000 shares
Fresh Issue Size (Amount)	up to ₹450.00 Cr
OFS Issue Size	6,00,00,000 shares	59,40,23,000 shares
OFS Issue Size (Amount)	up to ₹360.00 Cr
Issue Size Total	13,50,00,000 shares	1,78,20,69,000 shares
Issue Size Total (Amount)	up to ₹810.00 Cr	up to ₹4,633.38 Cr

IPO Timetable

Burger King IPO opens on Dec 02, 2020, while IRFC IPO opens on Jan 18, 2021. The closing date of Burger King IPO and IRFC IPO is Dec 04, 2020, and Jan 20, 2021, respectively.

	Burger King IPO	IRFC IPO
Anchor Bid Date
Issue Open	Dec 02, 2020	Jan 18, 2021
Issue Close	Dec 04, 2020	Jan 20, 2021
Basis Of Allotment (Tentative)	Dec 09, 2020	Jan 25, 2021
Initiation of Refunds (Tentative)	Dec 10, 2020	Jan 27, 2021
Credit of Share (Tentative)	Dec 11, 2020	Jan 28, 2021
Listing date (Tentative)	Dec 14, 2020	Jan 29, 2021
Anchor Lockin End date 1	Jan 08, 2021	Feb 24, 2021
Anchor Lockin End date 2	Mar 09, 2021	Apr 25, 2021

Financials

Burger King IPO P/E ratio is , as compared to IRFC IPO P/E ratio of .

Burger King IPO

IRFC IPO

Financial

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	11,771.18	11,977.07	9,204.72	7,303.55
Total Revenue	1,516.54	8,468.29	6,441.30	3,887.37
Profit After Tax	(1,189.46)	(765.70)	(382.79)	(822.32)

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	29,19,865.81	27,55,041.29	20,64,382.95	16,14,510.41
Total Revenue	73,848.29	1,34,210.90	1,09,873.55	92,078.39
Profit After Tax	18,868.41	31,920.96	21,399.33	20,014.60

Promoter Shareholding (Pre-Issue)

99.39%

100%

Promoter Shareholding (Post-Issue)

60.08%

86%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Burger King IPO retail investors (RII) are offered 1,36,27,118 shares while in IRFC IPO retail investors are offered 1,36,27,118 shares. Qualified institutional buyers (QIB) are offered 4,04,23,729 shares in Burger King IPO and 35,63,75,339 shares in IRFC IPO.

	Burger King IPO	IRFC IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	4,04,23,729 shares	35,63,75,339 shares
NII	2,04,40,677 shares	26,72,81,504 shares
RII	1,36,27,118 shares	62,36,56,843 shares
Employee	0 shares	1,92,307 shares
Others
Total	7,44,91,524 shares	1,24,75,05,993 shares

Bids Received (Subscription)

Burger King IPO subscribed 156.65x in total, whereas IRFC IPO subscribed 3.49x.

	Burger King IPO	IRFC IPO
QIB (times)	86.64x	3.78x
NII (times)	354.11x	2.67x
Big NII (times)
Small NII (times)
RII (times)	68.15x	3.66x
Employee (times)		43.76x
Other (times)
Total (times)	156.65x	3.49x

Compare with others

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Indigo Paints IPO	Home First Finance IPO
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Mrs. Bectors Food IPO	Antony Waste IPO
IRFC IPO	Mrs. Bectors Food IPO
RailTel IPO	Burger King IPO
Gland Pharma IPO	RailTel IPO
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Likhitha Infrastructure IPO	Mazagon Dock IPO
Chemcon IPO	Likhitha Infrastructure IPO

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