CAMS IPO vs Happiest Minds IPO

Comparision between CAMS IPO and Happiest Minds IPO.

IPO Details

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

	CAMS IPO	Happiest Minds IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE	BSE, NSE
Lead Managers	Hdfc Bank Limited ICICI Securities Limited Kotak Mahindra Capital Company Limited Nomura Financial Advisory And Securities (India) Pvt Ltd	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 CAMS IPO is up to ₹2,244.33 Cr whereas the issue size of the Happiest Minds IPO is up to ₹702.02 Cr. The final issue price of CAMS IPO is ₹1,230.00 per share and of Happiest Minds IPO is ₹166.00 per share.

	CAMS IPO	Happiest Minds IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹1,229.00 per share	₹165.00 per share
Issue Price (Upper)	₹1,230.00 per share	₹166.00 per share
Issue Price (Final)	₹1,230.00 per share	₹166.00 per share
Discount (Retail)
Discount (Employee)	₹122.00 per share
Market Lot Size	12 shares	90 shares
Fresh Issue Size		66,26,506 shares
Fresh Issue Size (Amount)		up to ₹110.00 Cr
OFS Issue Size	1,82,46,600 shares	3,56,63,585 shares
OFS Issue Size (Amount)	up to ₹2,244.33 Cr	up to ₹592.02 Cr
Issue Size Total	1,82,46,600 shares	4,22,90,091 shares
Issue Size Total (Amount)	up to ₹2,244.33 Cr	up to ₹702.02 Cr

IPO Timetable

CAMS IPO opens on Sep 21, 2020, while Happiest Minds IPO opens on Sep 07, 2020. The closing date of CAMS IPO and Happiest Minds IPO is Sep 23, 2020, and Sep 09, 2020, respectively.

	CAMS IPO	Happiest Minds IPO
Anchor Bid Date
Issue Open	Sep 21, 2020	Sep 07, 2020
Issue Close	Sep 23, 2020	Sep 09, 2020
Basis Of Allotment (Tentative)	Sep 28, 2020	Sep 14, 2020
Initiation of Refunds (Tentative)	Sep 29, 2020	Sep 15, 2020
Credit of Share (Tentative)	Sep 30, 2020	Sep 15, 2020
Listing date (Tentative)	Oct 01, 2020	Sep 17, 2020
Anchor Lockin End date 1	Oct 28, 2020	Oct 14, 2020
Anchor Lockin End date 2	Dec 27, 2020	Dec 13, 2020

Financials

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

CAMS IPO

Happiest Minds IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Million)
	30-June-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	8,354.53	8,025.34	7,363.24	6,978.48
Total Revenue	1,634.61	7,213.43	7,118.08	6,578.20
Profit After Tax	408.25	1,734.56	1,308.95	1,463.05

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)

43.53%

61.77%

Promoter Shareholding (Post-Issue)

53.25%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the CAMS IPO retail investors (RII) are offered 63,22,435 shares while in Happiest Minds IPO retail investors are offered 63,22,435 shares. Qualified institutional buyers (QIB) are offered 36,12,820 shares in CAMS IPO and 1,26,87,028 shares in Happiest Minds IPO.

	CAMS IPO	Happiest Minds IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	36,12,820 shares	1,26,87,028 shares
NII	27,09,615 shares	63,43,513 shares
RII	63,22,435 shares	42,29,009 shares
Employee	1,82,500 shares	0 shares
Others
Total	1,28,27,370 shares	2,32,59,550 shares

Bids Received (Subscription)

CAMS IPO subscribed 46.99x in total, whereas Happiest Minds IPO subscribed 150.98x.

	CAMS IPO	Happiest Minds IPO
QIB (times)	73.18x	77.43x
NII (times)	111.85x	351.46x
Big NII (times)
Small NII (times)
RII (times)	5.54x	70.94x
Employee (times)	1.16x
Other (times)
Total (times)	46.99x	150.98x

Compare with others

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

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