Happiest Minds IPO vs Likhitha Infrastructure IPO

Comparision between Happiest Minds IPO and Likhitha Infrastructure IPO.

IPO Details

Happiest Minds IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Likhitha Infrastructure IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Happiest Minds IPO	Likhitha Infrastructure 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	ICICI Securities Limited Nomura Financial Advisory And Securities (India) Pvt Ltd	Unistone Capital Pvt Ltd
Registrar	Kfin Technologies Limited	Bigshare Services Pvt 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 Happiest Minds IPO is up to ₹702.02 Cr whereas the issue size of the Likhitha Infrastructure IPO is up to ₹61.20 Cr. The final issue price of Happiest Minds IPO is ₹166.00 per share and of Likhitha Infrastructure IPO is ₹120.00 per share.

	Happiest Minds IPO	Likhitha Infrastructure IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹165.00 per share	₹116.00 per share
Issue Price (Upper)	₹166.00 per share	₹120.00 per share
Issue Price (Final)	₹166.00 per share	₹120.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	90 shares	125 shares
Fresh Issue Size	66,26,506 shares	51,00,000 shares
Fresh Issue Size (Amount)	up to ₹110.00 Cr	up to ₹61.20 Cr
OFS Issue Size	3,56,63,585 shares
OFS Issue Size (Amount)	up to ₹592.02 Cr
Issue Size Total	4,22,90,091 shares	51,00,000 shares
Issue Size Total (Amount)	up to ₹702.02 Cr	up to ₹61.20 Cr

IPO Timetable

Happiest Minds IPO opens on Sep 07, 2020, while Likhitha Infrastructure IPO opens on Sep 29, 2020. The closing date of Happiest Minds IPO and Likhitha Infrastructure IPO is Sep 09, 2020, and Oct 07, 2020, respectively.

	Happiest Minds IPO	Likhitha Infrastructure IPO
Anchor Bid Date
Issue Open	Sep 07, 2020	Sep 29, 2020
Issue Close	Sep 09, 2020	Oct 07, 2020
Basis Of Allotment (Tentative)	Sep 14, 2020	Oct 12, 2020
Initiation of Refunds (Tentative)	Sep 15, 2020	Oct 13, 2020
Credit of Share (Tentative)	Sep 15, 2020	Oct 14, 2020
Listing date (Tentative)	Sep 17, 2020	Oct 15, 2020
Anchor Lockin End date 1	Oct 14, 2020	Nov 11, 2020
Anchor Lockin End date 2	Dec 13, 2020	Jan 10, 2021

Financials

Happiest Minds IPO P/E ratio is , as compared to Likhitha Infrastructure IPO P/E ratio of .

Happiest Minds IPO

Likhitha Infrastructure IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Million)
	30-Jun-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	5,730.8	5,081.5	4,135.2	3,869.9
Total Revenue	1,869.9	7,142.3	6,018.1	4,891.2
Profit After Tax	501.8	717.1	142.1	(224.7)

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (Rs in lakhs)
	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	10,085.61	8,457.38	6,722.91
Total Revenue	16,279.02	14,054.68	8,860.56
Profit After Tax	1,987.93	1,785.51	716.22

Promoter Shareholding (Pre-Issue)

61.77%

99.96%

Promoter Shareholding (Post-Issue)

53.25%

74.11%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Happiest Minds IPO retail investors (RII) are offered 42,29,009 shares while in Likhitha Infrastructure IPO retail investors are offered 42,29,009 shares. Qualified institutional buyers (QIB) are offered 1,26,87,028 shares in Happiest Minds IPO and 51,000 shares in Likhitha Infrastructure IPO.

	Happiest Minds IPO	Likhitha Infrastructure IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,26,87,028 shares	51,000 shares
NII	63,43,513 shares	32,64,000 shares
RII	42,29,009 shares	17,85,000 shares
Employee	0 shares	0 shares
Others
Total	2,32,59,550 shares	51,00,000 shares

Bids Received (Subscription)

Happiest Minds IPO subscribed 150.98x in total, whereas Likhitha Infrastructure IPO subscribed 9.51x.

	Happiest Minds IPO	Likhitha Infrastructure IPO
QIB (times)	77.43x	21.99x
NII (times)	351.46x	1.54x
Big NII (times)
Small NII (times)
RII (times)	70.94x	23.71x
Employee (times)
Other (times)
Total (times)	150.98x	9.51x

Compare with others

Happiest Minds IPO	Likhitha Infrastructure IPO
Mazagon Dock IPO	IRFC IPO
Likhitha Infrastructure IPO	Burger King IPO
Chemcon IPO	RailTel IPO
Route Mobile IPO	Gland Pharma IPO
Angel One IPO	Mazagon Dock IPO
CAMS IPO	Chemcon IPO
UTI AMC IPO	Route Mobile IPO
Mindspace REIT	Angel One IPO
Yes Bank FPO	Happiest Minds IPO
Rossari Biotech IPO	CAMS IPO

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