Happiest Minds IPO vs Route Mobile IPO

Comparision between Happiest Minds IPO and Route Mobile IPO.

IPO Details

Happiest Minds 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.

	Happiest Minds 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	ICICI Securities Limited Nomura Financial Advisory And Securities (India) Pvt Ltd	Axis Capital Limited Edelweiss Financial Services Ltd ICICI Securities Limited Idbi Capital Market Services 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 Happiest Minds IPO is up to ₹702.02 Cr whereas the issue size of the Route Mobile IPO is up to ₹600.00 Cr. The final issue price of Happiest Minds IPO is ₹166.00 per share and of Route Mobile IPO is ₹350.00 per share.

	Happiest Minds IPO	Route Mobile IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹165.00 per share	₹345.00 per share
Issue Price (Upper)	₹166.00 per share	₹350.00 per share
Issue Price (Final)	₹166.00 per share	₹350.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	90 shares	40 shares
Fresh Issue Size	66,26,506 shares
Fresh Issue Size (Amount)	up to ₹110.00 Cr	up to ₹240.00 Cr
OFS Issue Size	3,56,63,585 shares
OFS Issue Size (Amount)	up to ₹592.02 Cr	up to ₹360.00 Cr
Issue Size Total	4,22,90,091 shares	1,73,91,303 shares
Issue Size Total (Amount)	up to ₹702.02 Cr	up to ₹600.00 Cr

IPO Timetable

Happiest Minds IPO opens on Sep 07, 2020, while Route Mobile IPO opens on Sep 09, 2020. The closing date of Happiest Minds IPO and Route Mobile IPO is Sep 09, 2020, and Sep 11, 2020, respectively.

	Happiest Minds IPO	Route Mobile IPO
Anchor Bid Date
Issue Open	Sep 07, 2020	Sep 09, 2020
Issue Close	Sep 09, 2020	Sep 11, 2020
Basis Of Allotment (Tentative)	Sep 14, 2020	Sep 16, 2020
Initiation of Refunds (Tentative)	Sep 15, 2020	Sep 17, 2020
Credit of Share (Tentative)	Sep 15, 2020	Sep 18, 2020
Listing date (Tentative)	Sep 17, 2020	Sep 21, 2020
Anchor Lockin End date 1	Oct 14, 2020	Oct 16, 2020
Anchor Lockin End date 2	Dec 13, 2020	Dec 15, 2020

Financials

Happiest Minds IPO P/E ratio is , as compared to Route Mobile IPO P/E ratio of .

Happiest Minds IPO

Route Mobile 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 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)

61.77%

96%

Promoter Shareholding (Post-Issue)

53.25%

66.33%

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 Route Mobile 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 34,78,259 shares in Route Mobile IPO.

	Happiest Minds IPO	Route Mobile IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,26,87,028 shares	34,78,259 shares
NII	63,43,513 shares	26,08,696 shares
RII	42,29,009 shares	60,86,957 shares
Employee	0 shares	0 shares
Others
Total	2,32,59,550 shares	1,21,73,912 shares

Bids Received (Subscription)

Happiest Minds IPO subscribed 150.98x in total, whereas Route Mobile IPO subscribed 73.30x.

	Happiest Minds IPO	Route Mobile IPO
QIB (times)	77.43x	89.76x
NII (times)	351.46x	192.81x
Big NII (times)
Small NII (times)
RII (times)	70.94x	12.67x
Employee (times)
Other (times)
Total (times)	150.98x	73.30x

Compare with others

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

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