IRFC IPO vs Likhitha Infrastructure IPO

Comparision between IRFC IPO and Likhitha Infrastructure IPO.

IPO Details

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

	IRFC IPO	Likhitha Infrastructure 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	Hsbc Securities & Capital Markets Pvt Ltd ICICI Securities Limited Idfc Bank Limited SBI Capital Markets Limited	Unistone Capital Pvt Ltd
Registrar	Kfin Technologies Limited	Bigshare Services Pvt 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 IRFC IPO is up to ₹4,633.38 Cr whereas the issue size of the Likhitha Infrastructure IPO is up to ₹61.20 Cr. The final issue price of IRFC IPO is ₹26.00 per share and of Likhitha Infrastructure IPO is ₹120.00 per share.

	IRFC IPO	Likhitha Infrastructure IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹25.00 per share	₹116.00 per share
Issue Price (Upper)	₹26.00 per share	₹120.00 per share
Issue Price (Final)	₹26.00 per share	₹120.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	575 shares	125 shares
Fresh Issue Size	1,18,80,46,000 shares	51,00,000 shares
Fresh Issue Size (Amount)		up to ₹61.20 Cr
OFS Issue Size	59,40,23,000 shares
OFS Issue Size (Amount)
Issue Size Total	1,78,20,69,000 shares	51,00,000 shares
Issue Size Total (Amount)	up to ₹4,633.38 Cr	up to ₹61.20 Cr

IPO Timetable

IRFC IPO opens on Jan 18, 2021, while Likhitha Infrastructure IPO opens on Sep 29, 2020. The closing date of IRFC IPO and Likhitha Infrastructure IPO is Jan 20, 2021, and Oct 07, 2020, respectively.

	IRFC IPO	Likhitha Infrastructure IPO
Anchor Bid Date
Issue Open	Jan 18, 2021	Sep 29, 2020
Issue Close	Jan 20, 2021	Oct 07, 2020
Basis Of Allotment (Tentative)	Jan 25, 2021	Oct 12, 2020
Initiation of Refunds (Tentative)	Jan 27, 2021	Oct 13, 2020
Credit of Share (Tentative)	Jan 28, 2021	Oct 14, 2020
Listing date (Tentative)	Jan 29, 2021	Oct 15, 2020
Anchor Lockin End date 1	Feb 24, 2021	Nov 11, 2020
Anchor Lockin End date 2	Apr 25, 2021	Jan 10, 2021

Financials

IRFC IPO P/E ratio is , as compared to Likhitha Infrastructure IPO P/E ratio of .

IRFC IPO

Likhitha Infrastructure IPO

Financial

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

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (Rs in lakhs)
	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	10,085.61	8,457.38	6,722.91
Total Revenue	16,279.02	14,054.68	8,860.56
Profit After Tax	1,987.93	1,785.51	716.22

Promoter Shareholding (Pre-Issue)

100%

99.96%

Promoter Shareholding (Post-Issue)

86%

74.11%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the IRFC IPO retail investors (RII) are offered 62,36,56,843 shares while in Likhitha Infrastructure IPO retail investors are offered 62,36,56,843 shares. Qualified institutional buyers (QIB) are offered 35,63,75,339 shares in IRFC IPO and 51,000 shares in Likhitha Infrastructure IPO.

	IRFC IPO	Likhitha Infrastructure IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	35,63,75,339 shares	51,000 shares
NII	26,72,81,504 shares	32,64,000 shares
RII	62,36,56,843 shares	17,85,000 shares
Employee	1,92,307 shares	0 shares
Others
Total	1,24,75,05,993 shares	51,00,000 shares

Bids Received (Subscription)

IRFC IPO subscribed 3.49x in total, whereas Likhitha Infrastructure IPO subscribed 9.51x.

	IRFC IPO	Likhitha Infrastructure IPO
QIB (times)	3.78x	21.99x
NII (times)	2.67x	1.54x
Big NII (times)
Small NII (times)
RII (times)	3.66x	23.71x
Employee (times)	43.76x
Other (times)
Total (times)	3.49x	9.51x

Compare with others

IRFC IPO	Likhitha Infrastructure IPO
Stove Kraft IPO	IRFC IPO
Home First Finance IPO	Burger King IPO
Indigo Paints IPO	RailTel IPO
Antony Waste IPO	Gland Pharma IPO
Mrs. Bectors Food IPO	Mazagon Dock IPO
Burger King IPO	Chemcon IPO
RailTel IPO	Route Mobile IPO
Gland Pharma IPO	Angel One IPO
Mazagon Dock IPO	Happiest Minds IPO
Likhitha Infrastructure IPO	CAMS IPO

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