Angel One IPO vs Route Mobile IPO

Comparision between Angel One IPO and Route Mobile IPO.

IPO Details

Angel One IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Route Mobile IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Angel One IPO	Route Mobile 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 SBI Capital Markets Limited	Axis Capital Limited Edelweiss Financial Services Ltd ICICI Securities Limited Idbi Capital Market Services 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 Angel One IPO is up to ₹600.00 Cr whereas the issue size of the Route Mobile IPO is up to ₹600.00 Cr. The final issue price of Angel One IPO is ₹306.00 per share and of Route Mobile IPO is ₹350.00 per share.

	Angel One IPO	Route Mobile IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹305.00 per share	₹345.00 per share
Issue Price (Upper)	₹306.00 per share	₹350.00 per share
Issue Price (Final)	₹306.00 per share	₹350.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	49 shares	40 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹300.00 Cr	up to ₹240.00 Cr
OFS Issue Size
OFS Issue Size (Amount)	up to ₹300.00 Cr	up to ₹360.00 Cr
Issue Size Total		1,73,91,303 shares
Issue Size Total (Amount)	up to ₹600.00 Cr	up to ₹600.00 Cr

IPO Timetable

Angel One IPO opens on Sep 22, 2020, while Route Mobile IPO opens on Sep 09, 2020. The closing date of Angel One IPO and Route Mobile IPO is Sep 24, 2020, and Sep 11, 2020, respectively.

	Angel One IPO	Route Mobile IPO
Anchor Bid Date
Issue Open	Sep 22, 2020	Sep 09, 2020
Issue Close	Sep 24, 2020	Sep 11, 2020
Basis Of Allotment (Tentative)	Sep 29, 2020	Sep 16, 2020
Initiation of Refunds (Tentative)	Sep 30, 2020	Sep 17, 2020
Credit of Share (Tentative)	Oct 01, 2020	Sep 18, 2020
Listing date (Tentative)	Oct 05, 2020	Sep 21, 2020
Anchor Lockin End date 1	Oct 29, 2020	Oct 16, 2020
Anchor Lockin End date 2	Dec 28, 2020	Dec 15, 2020

Financials

Angel One IPO P/E ratio is , as compared to Route Mobile IPO P/E ratio of .

Angel One IPO

Route Mobile IPO

Financial

Summary of financial Information (Restated)

Particulars	For the year/period ended (Rs in Million)
	30 June 2020	31 March 2020	31 March 2019	31 March 2018
Total Assets	29,731.02	21,592.05	21,690.56	22,828.67
Total Revenue	2,440.86	7,427.79	7,626.47	7,536.55
Profit After Tax	381.83	866.24	766.94	1,010.52

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (Rs in Million)
	30-June-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	6,348.31	6,265.48	5,057.81	4,473.66
Total Revenue	3,122.95	9,681.02	8,523.77	5,094.85
Profit After Tax	269.34	691.02	545.32	466.77

Promoter Shareholding (Pre-Issue)

65.42%

96%

Promoter Shareholding (Post-Issue)

66.33%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Angel One IPO retail investors (RII) are offered 68,85,246 shares while in Route Mobile IPO retail investors are offered 68,85,246 shares. Qualified institutional buyers (QIB) are offered 39,34,425 shares in Angel One IPO and 34,78,259 shares in Route Mobile IPO.

	Angel One IPO	Route Mobile IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	39,34,425 shares	34,78,259 shares
NII	29,50,820 shares	26,08,696 shares
RII	68,85,246 shares	60,86,957 shares
Employee	0 shares	0 shares
Others
Total	1,37,70,491 shares	1,21,73,912 shares

Bids Received (Subscription)

Angel One IPO subscribed 3.94x in total, whereas Route Mobile IPO subscribed 73.30x.

	Angel One IPO	Route Mobile IPO
QIB (times)	5.74x	89.76x
NII (times)	0.69x	192.81x
Big NII (times)
Small NII (times)
RII (times)	4.31x	12.67x
Employee (times)
Other (times)
Total (times)	3.94x	73.30x

Compare with others

Angel One IPO	Route Mobile 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	Chemcon IPO
Happiest Minds IPO	Angel One IPO
CAMS IPO	Happiest Minds IPO
UTI AMC IPO	CAMS IPO
Mindspace REIT	UTI AMC IPO
Yes Bank FPO	Mindspace REIT

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