Angel One IPO vs Happiest Minds IPO

Comparision between Angel One IPO and Happiest Minds IPO.

IPO Details

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

	Angel One IPO	Happiest Minds 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	ICICI Securities Limited Nomura Financial Advisory And Securities (India) Pvt Ltd
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 Happiest Minds IPO is up to ₹702.02 Cr. The final issue price of Angel One IPO is ₹306.00 per share and of Happiest Minds IPO is ₹166.00 per share.

	Angel One IPO	Happiest Minds IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹305.00 per share	₹165.00 per share
Issue Price (Upper)	₹306.00 per share	₹166.00 per share
Issue Price (Final)	₹306.00 per share	₹166.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	49 shares	90 shares
Fresh Issue Size		66,26,506 shares
Fresh Issue Size (Amount)	up to ₹300.00 Cr	up to ₹110.00 Cr
OFS Issue Size		3,56,63,585 shares
OFS Issue Size (Amount)	up to ₹300.00 Cr	up to ₹592.02 Cr
Issue Size Total		4,22,90,091 shares
Issue Size Total (Amount)	up to ₹600.00 Cr	up to ₹702.02 Cr

IPO Timetable

Angel One IPO opens on Sep 22, 2020, while Happiest Minds IPO opens on Sep 07, 2020. The closing date of Angel One IPO and Happiest Minds IPO is Sep 24, 2020, and Sep 09, 2020, respectively.

	Angel One IPO	Happiest Minds IPO
Anchor Bid Date
Issue Open	Sep 22, 2020	Sep 07, 2020
Issue Close	Sep 24, 2020	Sep 09, 2020
Basis Of Allotment (Tentative)	Sep 29, 2020	Sep 14, 2020
Initiation of Refunds (Tentative)	Sep 30, 2020	Sep 15, 2020
Credit of Share (Tentative)	Oct 01, 2020	Sep 15, 2020
Listing date (Tentative)	Oct 05, 2020	Sep 17, 2020
Anchor Lockin End date 1	Oct 29, 2020	Oct 14, 2020
Anchor Lockin End date 2	Dec 28, 2020	Dec 13, 2020

Financials

Angel One IPO P/E ratio is , as compared to Happiest Minds IPO P/E ratio of .

Angel One IPO

Happiest Minds 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)
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)

Promoter Shareholding (Pre-Issue)

65.42%

61.77%

Promoter Shareholding (Post-Issue)

53.25%

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 Happiest Minds IPO retail investors are offered 68,85,246 shares. Qualified institutional buyers (QIB) are offered 39,34,425 shares in Angel One IPO and 1,26,87,028 shares in Happiest Minds IPO.

	Angel One IPO	Happiest Minds IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	39,34,425 shares	1,26,87,028 shares
NII	29,50,820 shares	63,43,513 shares
RII	68,85,246 shares	42,29,009 shares
Employee	0 shares	0 shares
Others
Total	1,37,70,491 shares	2,32,59,550 shares

Bids Received (Subscription)

Angel One IPO subscribed 3.94x in total, whereas Happiest Minds IPO subscribed 150.98x.

	Angel One IPO	Happiest Minds IPO
QIB (times)	5.74x	77.43x
NII (times)	0.69x	351.46x
Big NII (times)
Small NII (times)
RII (times)	4.31x	70.94x
Employee (times)
Other (times)
Total (times)	3.94x	150.98x

Compare with others

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

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