Happiest Minds IPO vs Rossari Biotech IPO

Comparision between Happiest Minds IPO and Rossari Biotech IPO.

IPO Details

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

	Happiest Minds IPO	Rossari Biotech 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 Bank Limited ICICI Securities Limited
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
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 Rossari Biotech IPO is up to ₹496.49 Cr. The final issue price of Happiest Minds IPO is ₹166.00 per share and of Rossari Biotech IPO is ₹425.00 per share.

	Happiest Minds IPO	Rossari Biotech IPO
Face Value	₹2 per share	₹2 per share
Issue Price (Lower)	₹165.00 per share	₹423.00 per share
Issue Price (Upper)	₹166.00 per share	₹425.00 per share
Issue Price (Final)	₹166.00 per share	₹425.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	90 shares	35 shares
Fresh Issue Size	66,26,506 shares
Fresh Issue Size (Amount)	up to ₹110.00 Cr	up to ₹50.00 Cr
OFS Issue Size	3,56,63,585 shares	1,05,00,000 shares
OFS Issue Size (Amount)	up to ₹592.02 Cr
Issue Size Total	4,22,90,091 shares	1,16,82,033 shares
Issue Size Total (Amount)	up to ₹702.02 Cr	up to ₹496.49 Cr

IPO Timetable

Happiest Minds IPO opens on Sep 07, 2020, while Rossari Biotech IPO opens on Jul 13, 2020. The closing date of Happiest Minds IPO and Rossari Biotech IPO is Sep 09, 2020, and Jul 15, 2020, respectively.

	Happiest Minds IPO	Rossari Biotech IPO
Anchor Bid Date
Issue Open	Sep 07, 2020	Jul 13, 2020
Issue Close	Sep 09, 2020	Jul 15, 2020
Basis Of Allotment (Tentative)	Sep 14, 2020	Jul 20, 2020
Initiation of Refunds (Tentative)	Sep 15, 2020	Jul 21, 2020
Credit of Share (Tentative)	Sep 15, 2020	Jul 22, 2020
Listing date (Tentative)	Sep 17, 2020	Jul 23, 2020
Anchor Lockin End date 1	Oct 14, 2020	Aug 19, 2020
Anchor Lockin End date 2	Dec 13, 2020	Oct 18, 2020

Financials

Happiest Minds IPO P/E ratio is , as compared to Rossari Biotech IPO P/E ratio of 33.81.

Happiest Minds IPO

Rossari Biotech 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)
Particulars	For the year/period ended (Rs in Million)
	31-Mar-20	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	4,715.15	2489.45	1649.50	1308.94
Total Revenue	6,038.18	5171.24	3004.29	2605.97
Profit After Tax	652.53	456.83	254.03	142.85

Promoter Shareholding (Pre-Issue)

61.77%

95.06%

Promoter Shareholding (Post-Issue)

53.25%

73%

P/E Ratio

33.81

Market Cap

₹2207.00 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Happiest Minds IPO retail investors (RII) are offered 42,29,009 shares while in Rossari Biotech 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 23,35,294 shares in Rossari Biotech IPO.

	Happiest Minds IPO	Rossari Biotech IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,26,87,028 shares	23,35,294 shares
NII	63,43,513 shares	17,51,471 shares
RII	42,29,009 shares	40,86,765 shares
Employee	0 shares	0 shares
Others
Total	2,32,59,550 shares	81,73,530 shares

Bids Received (Subscription)

Happiest Minds IPO subscribed 150.98x in total, whereas Rossari Biotech IPO subscribed 79.37x.

	Happiest Minds IPO	Rossari Biotech IPO
QIB (times)	77.43x	85.26x
NII (times)	351.46x	239.83x
Big NII (times)
Small NII (times)
RII (times)	70.94x	7.23x
Employee (times)
Other (times)
Total (times)	150.98x	79.37x

Compare with others

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

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