Indigo Paints IPO vs IRFC IPO

Comparision between Indigo Paints IPO and IRFC IPO.

IPO Details

Indigo Paints IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while IRFC IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Indigo Paints IPO	IRFC 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 Kotak Mahindra Capital Company Limited	Hsbc Securities & Capital Markets Pvt Ltd ICICI Securities Limited Idfc Bank Limited SBI Capital Markets 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 Indigo Paints IPO is up to ₹1,176.00 Cr whereas the issue size of the IRFC IPO is up to ₹4,633.38 Cr. The final issue price of Indigo Paints IPO is ₹1,490.00 per share and of IRFC IPO is ₹26.00 per share.

	Indigo Paints IPO	IRFC IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹1,488.00 per share	₹25.00 per share
Issue Price (Upper)	₹1,490.00 per share	₹26.00 per share
Issue Price (Final)	₹1,490.00 per share	₹26.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	10 shares	575 shares
Fresh Issue Size		1,18,80,46,000 shares
Fresh Issue Size (Amount)	up to ₹300.00 Cr
OFS Issue Size	58,40,000 shares	59,40,23,000 shares
OFS Issue Size (Amount)
Issue Size Total		1,78,20,69,000 shares
Issue Size Total (Amount)	up to ₹1,176.00 Cr	up to ₹4,633.38 Cr

IPO Timetable

Indigo Paints IPO opens on Jan 20, 2021, while IRFC IPO opens on Jan 18, 2021. The closing date of Indigo Paints IPO and IRFC IPO is Jan 22, 2021, and Jan 20, 2021, respectively.

	Indigo Paints IPO	IRFC IPO
Anchor Bid Date
Issue Open	Jan 20, 2021	Jan 18, 2021
Issue Close	Jan 22, 2021	Jan 20, 2021
Basis Of Allotment (Tentative)	Jan 28, 2021	Jan 25, 2021
Initiation of Refunds (Tentative)	Jan 29, 2021	Jan 27, 2021
Credit of Share (Tentative)	Feb 01, 2021	Jan 28, 2021
Listing date (Tentative)	Feb 02, 2021	Jan 29, 2021
Anchor Lockin End date 1	Feb 27, 2021	Feb 24, 2021
Anchor Lockin End date 2	Apr 28, 2021	Apr 25, 2021

Financials

Indigo Paints IPO P/E ratio is , as compared to IRFC IPO P/E ratio of .

Indigo Paints IPO

IRFC IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in million)
	30-Sept-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	4,112.91	4,219.59	3,731.83	2,973.94
Total Revenue	2,602.43	6,264.36	5,372.62	4,031.05
Profit After Tax	272.05	478.15	268.70	128.62

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (Rs in million)
	30-Sep-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	29,19,865.81	27,55,041.29	20,64,382.95	16,14,510.41
Total Revenue	73,848.29	1,34,210.90	1,09,873.55	92,078.39
Profit After Tax	18,868.41	31,920.96	21,399.33	20,014.60

Promoter Shareholding (Pre-Issue)

60.05%

100%

Promoter Shareholding (Post-Issue)

54%

86%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Indigo Paints IPO retail investors (RII) are offered 27,24,198 shares while in IRFC IPO retail investors are offered 27,24,198 shares. Qualified institutional buyers (QIB) are offered 15,56,690 shares in Indigo Paints IPO and 35,63,75,339 shares in IRFC IPO.

	Indigo Paints IPO	IRFC IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	15,56,690 shares	35,63,75,339 shares
NII	11,67,514 shares	26,72,81,504 shares
RII	27,24,198 shares	62,36,56,843 shares
Employee	70,000 shares	1,92,307 shares
Others
Total	55,18,402 shares	1,24,75,05,993 shares

Bids Received (Subscription)

Indigo Paints IPO subscribed 117.02x in total, whereas IRFC IPO subscribed 3.49x.

	Indigo Paints IPO	IRFC IPO
QIB (times)	189.57x	3.78x
NII (times)	263.05x	2.67x
Big NII (times)
Small NII (times)
RII (times)	15.93x	3.66x
Employee (times)	2.50x	43.76x
Other (times)
Total (times)	117.02x	3.49x

Compare with others

Indigo Paints IPO	IRFC IPO
Heranba Industries IPO	Stove Kraft IPO
Nureca limited IPO	Home First Finance IPO
Brookfield India REIT	Indigo Paints IPO
Stove Kraft IPO	Antony Waste IPO
Home First Finance IPO	Mrs. Bectors Food IPO
Antony Waste IPO	Burger King IPO
Mrs. Bectors Food IPO	RailTel IPO
IRFC IPO	Gland Pharma IPO
Burger King IPO	Mazagon Dock IPO
RailTel IPO	Likhitha Infrastructure IPO

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