IRFC IPO vs RailTel IPO

Comparision between IRFC IPO and RailTel IPO.

IPO Details

IRFC 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.

	IRFC 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	Hsbc Securities & Capital Markets Pvt Ltd ICICI Securities Limited Idfc Bank Limited SBI Capital Markets Limited	ICICI Securities Limited Idbi Capital Market Services Limited SBI Capital Markets Limited
Registrar	Kfin Technologies Limited	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 IRFC IPO is up to ₹4,633.38 Cr whereas the issue size of the RailTel IPO is up to ₹819.24 Cr. The final issue price of IRFC IPO is ₹26.00 per share and of RailTel IPO is ₹94.00 per share.

	IRFC IPO	RailTel IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹25.00 per share	₹93.00 per share
Issue Price (Upper)	₹26.00 per share	₹94.00 per share
Issue Price (Final)	₹26.00 per share	₹94.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	575 shares	155 shares
Fresh Issue Size	1,18,80,46,000 shares
Fresh Issue Size (Amount)
OFS Issue Size	59,40,23,000 shares	8,71,53,369 shares
OFS Issue Size (Amount)		up to ₹819.24 Cr
Issue Size Total	1,78,20,69,000 shares	8,71,53,369 shares
Issue Size Total (Amount)	up to ₹4,633.38 Cr	up to ₹819.24 Cr

IPO Timetable

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

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

Financials

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

IRFC IPO

RailTel 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	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

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)

100%

Promoter Shareholding (Post-Issue)

86%

72.84%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the IRFC IPO retail investors (RII) are offered 62,36,56,843 shares while in RailTel IPO retail investors are offered 62,36,56,843 shares. Qualified institutional buyers (QIB) are offered 35,63,75,339 shares in IRFC IPO and 1,73,69,237 shares in RailTel IPO.

	IRFC IPO	RailTel IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	35,63,75,339 shares	1,73,69,237 shares
NII	26,72,81,504 shares	1,29,98,006 shares
RII	62,36,56,843 shares	3,03,28,680 shares
Employee	1,92,307 shares	5,00,000 shares
Others
Total	1,24,75,05,993 shares	6,11,95,923 shares

Bids Received (Subscription)

IRFC IPO subscribed 3.49x in total, whereas RailTel IPO subscribed 42.39x.

	IRFC IPO	RailTel IPO
QIB (times)	3.78x	65.14x
NII (times)	2.67x	73.25x
Big NII (times)
Small NII (times)
RII (times)	3.66x	16.78x
Employee (times)	43.76x	3.35x
Other (times)
Total (times)	3.49x	42.39x

Compare with others

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

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