Likhitha Infrastructure IPO vs Mazagon Dock IPO

Comparision between Likhitha Infrastructure IPO and Mazagon Dock IPO.

IPO Details

Likhitha Infrastructure 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.

	Likhitha Infrastructure 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	Unistone Capital Pvt Ltd	Axis Capital Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Edelweiss Financial Services Ltd Jm Financial Limited Yes Securities (India) Limited
Registrar	Bigshare Services Pvt Ltd	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 Likhitha Infrastructure IPO is up to ₹61.20 Cr whereas the issue size of the Mazagon Dock IPO is up to ₹443.69 Cr. The final issue price of Likhitha Infrastructure IPO is ₹120.00 per share and of Mazagon Dock IPO is ₹145.00 per share.

	Likhitha Infrastructure IPO	Mazagon Dock IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹116.00 per share	₹135.00 per share
Issue Price (Upper)	₹120.00 per share	₹145.00 per share
Issue Price (Final)	₹120.00 per share	₹145.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	125 shares	103 shares
Fresh Issue Size	51,00,000 shares
Fresh Issue Size (Amount)	up to ₹61.20 Cr
OFS Issue Size		3,05,99,017 shares
OFS Issue Size (Amount)		up to ₹443.69 Cr
Issue Size Total	51,00,000 shares	3,05,99,017 shares
Issue Size Total (Amount)	up to ₹61.20 Cr	up to ₹443.69 Cr

IPO Timetable

Likhitha Infrastructure IPO opens on Sep 29, 2020, while Mazagon Dock IPO opens on Sep 29, 2020. The closing date of Likhitha Infrastructure IPO and Mazagon Dock IPO is Oct 07, 2020, and Oct 01, 2020, respectively.

	Likhitha Infrastructure IPO	Mazagon Dock IPO
Anchor Bid Date
Issue Open	Sep 29, 2020	Sep 29, 2020
Issue Close	Oct 07, 2020	Oct 01, 2020
Basis Of Allotment (Tentative)	Oct 12, 2020	Oct 07, 2020
Initiation of Refunds (Tentative)	Oct 13, 2020	Oct 08, 2020
Credit of Share (Tentative)	Oct 14, 2020	Oct 09, 2020
Listing date (Tentative)	Oct 15, 2020	Oct 12, 2020
Anchor Lockin End date 1	Nov 11, 2020	Nov 06, 2020
Anchor Lockin End date 2	Jan 10, 2021	Jan 05, 2021

Financials

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

Likhitha Infrastructure IPO

Mazagon Dock IPO

Financial

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

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)

99.96%

100%

Promoter Shareholding (Post-Issue)

74.11%

85%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Likhitha Infrastructure IPO retail investors (RII) are offered 17,85,000 shares while in Mazagon Dock IPO retail investors are offered 17,85,000 shares. Qualified institutional buyers (QIB) are offered 51,000 shares in Likhitha Infrastructure IPO and 1,51,26,750 shares in Mazagon Dock IPO.

	Likhitha Infrastructure IPO	Mazagon Dock IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	51,000 shares	1,51,26,750 shares
NII	32,64,000 shares	45,38,025 shares
RII	17,85,000 shares	1,05,88,725 shares
Employee	0 shares	3,45,517 shares
Others
Total	51,00,000 shares	3,05,99,017 shares

Bids Received (Subscription)

Likhitha Infrastructure IPO subscribed 9.51x in total, whereas Mazagon Dock IPO subscribed 157.41x.

	Likhitha Infrastructure IPO	Mazagon Dock IPO
QIB (times)	21.99x	89.71x
NII (times)	1.54x	678.88x
Big NII (times)
Small NII (times)
RII (times)	23.71x	35.63x
Employee (times)		3.88x
Other (times)
Total (times)	9.51x	157.41x

Compare with others

Likhitha Infrastructure IPO	Mazagon Dock IPO
IRFC IPO	Mrs. Bectors Food IPO
Burger King IPO	IRFC IPO
RailTel IPO	Burger King IPO
Gland Pharma IPO	RailTel IPO
Mazagon Dock IPO	Gland Pharma IPO
Chemcon IPO	Likhitha Infrastructure IPO
Route Mobile IPO	Chemcon IPO
Angel One IPO	Route Mobile IPO
Happiest Minds IPO	Angel One IPO
CAMS IPO	Happiest Minds IPO

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