Likhitha Infrastructure IPO vs Route Mobile IPO

Comparision between Likhitha Infrastructure IPO and Route Mobile IPO.

IPO Details

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

	Likhitha Infrastructure IPO	Route Mobile 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 Edelweiss Financial Services Ltd ICICI Securities Limited Idbi Capital Market Services Limited
Registrar	Bigshare Services Pvt 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 Likhitha Infrastructure IPO is up to ₹61.20 Cr whereas the issue size of the Route Mobile IPO is up to ₹600.00 Cr. The final issue price of Likhitha Infrastructure IPO is ₹120.00 per share and of Route Mobile IPO is ₹350.00 per share.

	Likhitha Infrastructure IPO	Route Mobile IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹116.00 per share	₹345.00 per share
Issue Price (Upper)	₹120.00 per share	₹350.00 per share
Issue Price (Final)	₹120.00 per share	₹350.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	125 shares	40 shares
Fresh Issue Size	51,00,000 shares
Fresh Issue Size (Amount)	up to ₹61.20 Cr	up to ₹240.00 Cr
OFS Issue Size
OFS Issue Size (Amount)		up to ₹360.00 Cr
Issue Size Total	51,00,000 shares	1,73,91,303 shares
Issue Size Total (Amount)	up to ₹61.20 Cr	up to ₹600.00 Cr

IPO Timetable

Likhitha Infrastructure IPO opens on Sep 29, 2020, while Route Mobile IPO opens on Sep 09, 2020. The closing date of Likhitha Infrastructure IPO and Route Mobile IPO is Oct 07, 2020, and Sep 11, 2020, respectively.

	Likhitha Infrastructure IPO	Route Mobile IPO
Anchor Bid Date
Issue Open	Sep 29, 2020	Sep 09, 2020
Issue Close	Oct 07, 2020	Sep 11, 2020
Basis Of Allotment (Tentative)	Oct 12, 2020	Sep 16, 2020
Initiation of Refunds (Tentative)	Oct 13, 2020	Sep 17, 2020
Credit of Share (Tentative)	Oct 14, 2020	Sep 18, 2020
Listing date (Tentative)	Oct 15, 2020	Sep 21, 2020
Anchor Lockin End date 1	Nov 11, 2020	Oct 16, 2020
Anchor Lockin End date 2	Jan 10, 2021	Dec 15, 2020

Financials

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

Likhitha Infrastructure IPO

Route Mobile 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)
	30-June-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	6,348.31	6,265.48	5,057.81	4,473.66
Total Revenue	3,122.95	9,681.02	8,523.77	5,094.85
Profit After Tax	269.34	691.02	545.32	466.77

Promoter Shareholding (Pre-Issue)

99.96%

96%

Promoter Shareholding (Post-Issue)

74.11%

66.33%

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 Route Mobile IPO retail investors are offered 17,85,000 shares. Qualified institutional buyers (QIB) are offered 51,000 shares in Likhitha Infrastructure IPO and 34,78,259 shares in Route Mobile IPO.

	Likhitha Infrastructure IPO	Route Mobile IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	51,000 shares	34,78,259 shares
NII	32,64,000 shares	26,08,696 shares
RII	17,85,000 shares	60,86,957 shares
Employee	0 shares	0 shares
Others
Total	51,00,000 shares	1,21,73,912 shares

Bids Received (Subscription)

Likhitha Infrastructure IPO subscribed 9.51x in total, whereas Route Mobile IPO subscribed 73.30x.

	Likhitha Infrastructure IPO	Route Mobile IPO
QIB (times)	21.99x	89.76x
NII (times)	1.54x	192.81x
Big NII (times)
Small NII (times)
RII (times)	23.71x	12.67x
Employee (times)
Other (times)
Total (times)	9.51x	73.30x

Compare with others

Likhitha Infrastructure IPO	Route Mobile IPO
IRFC IPO	RailTel IPO
Burger King IPO	Gland Pharma IPO
RailTel IPO	Mazagon Dock IPO
Gland Pharma IPO	Likhitha Infrastructure IPO
Mazagon Dock IPO	Chemcon IPO
Chemcon IPO	Angel One IPO
Route Mobile IPO	Happiest Minds IPO
Angel One IPO	CAMS IPO
Happiest Minds IPO	UTI AMC IPO
CAMS IPO	Mindspace REIT

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