IRFC IPO vs Mazagon Dock IPO

Comparision between IRFC IPO and Mazagon Dock IPO.

IPO Details

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

	IRFC IPO	Mazagon Dock 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	Axis Capital Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Edelweiss Financial Services Ltd Jm Financial Limited Yes Securities (India) Limited
Registrar	Kfin Technologies Limited	Alankit Assignments 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 Mazagon Dock IPO is up to ₹443.69 Cr. The final issue price of IRFC IPO is ₹26.00 per share and of Mazagon Dock IPO is ₹145.00 per share.

	IRFC IPO	Mazagon Dock IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹25.00 per share	₹135.00 per share
Issue Price (Upper)	₹26.00 per share	₹145.00 per share
Issue Price (Final)	₹26.00 per share	₹145.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	575 shares	103 shares
Fresh Issue Size	1,18,80,46,000 shares
Fresh Issue Size (Amount)
OFS Issue Size	59,40,23,000 shares	3,05,99,017 shares
OFS Issue Size (Amount)		up to ₹443.69 Cr
Issue Size Total	1,78,20,69,000 shares	3,05,99,017 shares
Issue Size Total (Amount)	up to ₹4,633.38 Cr	up to ₹443.69 Cr

IPO Timetable

IRFC IPO opens on Jan 18, 2021, while Mazagon Dock IPO opens on Sep 29, 2020. The closing date of IRFC IPO and Mazagon Dock IPO is Jan 20, 2021, and Oct 01, 2020, respectively.

	IRFC IPO	Mazagon Dock IPO
Anchor Bid Date
Issue Open	Jan 18, 2021	Sep 29, 2020
Issue Close	Jan 20, 2021	Oct 01, 2020
Basis Of Allotment (Tentative)	Jan 25, 2021	Oct 07, 2020
Initiation of Refunds (Tentative)	Jan 27, 2021	Oct 08, 2020
Credit of Share (Tentative)	Jan 28, 2021	Oct 09, 2020
Listing date (Tentative)	Jan 29, 2021	Oct 12, 2020
Anchor Lockin End date 1	Feb 24, 2021	Nov 06, 2020
Anchor Lockin End date 2	Apr 25, 2021	Jan 05, 2021

Financials

IRFC IPO P/E ratio is , as compared to Mazagon Dock IPO P/E ratio of .

IRFC IPO

Mazagon Dock 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 million)
	31-Mar-20	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	209,660.28	208,479.34	193,703.72	193,911.65
Total Revenue	55,353.07	52,046.74	50,276.29	42,748.63
Profit After Tax	4,770.59	5,324.74	4,961.73	5,982.58

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

86%

85%

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 Mazagon Dock 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 1,51,26,750 shares in Mazagon Dock IPO.

	IRFC IPO	Mazagon Dock IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	35,63,75,339 shares	1,51,26,750 shares
NII	26,72,81,504 shares	45,38,025 shares
RII	62,36,56,843 shares	1,05,88,725 shares
Employee	1,92,307 shares	3,45,517 shares
Others
Total	1,24,75,05,993 shares	3,05,99,017 shares

Bids Received (Subscription)

IRFC IPO subscribed 3.49x in total, whereas Mazagon Dock IPO subscribed 157.41x.

	IRFC IPO	Mazagon Dock IPO
QIB (times)	3.78x	89.71x
NII (times)	2.67x	678.88x
Big NII (times)
Small NII (times)
RII (times)	3.66x	35.63x
Employee (times)	43.76x	3.88x
Other (times)
Total (times)	3.49x	157.41x

Compare with others

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

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