Mazagon Dock IPO vs RailTel IPO

Comparision between Mazagon Dock IPO and RailTel IPO.

IPO Details

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

	Mazagon Dock IPO	RailTel 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	Axis Capital Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Edelweiss Financial Services Ltd Jm Financial Limited Yes Securities (India) Limited	ICICI Securities Limited Idbi Capital Market Services Limited SBI Capital Markets Limited
Registrar	Alankit Assignments 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 Mazagon Dock IPO is up to ₹443.69 Cr whereas the issue size of the RailTel IPO is up to ₹819.24 Cr. The final issue price of Mazagon Dock IPO is ₹145.00 per share and of RailTel IPO is ₹94.00 per share.

	Mazagon Dock IPO	RailTel IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹135.00 per share	₹93.00 per share
Issue Price (Upper)	₹145.00 per share	₹94.00 per share
Issue Price (Final)	₹145.00 per share	₹94.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	103 shares	155 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size	3,05,99,017 shares	8,71,53,369 shares
OFS Issue Size (Amount)	up to ₹443.69 Cr	up to ₹819.24 Cr
Issue Size Total	3,05,99,017 shares	8,71,53,369 shares
Issue Size Total (Amount)	up to ₹443.69 Cr	up to ₹819.24 Cr

IPO Timetable

Mazagon Dock IPO opens on Sep 29, 2020, while RailTel IPO opens on Feb 16, 2021. The closing date of Mazagon Dock IPO and RailTel IPO is Oct 01, 2020, and Feb 18, 2021, respectively.

	Mazagon Dock IPO	RailTel IPO
Anchor Bid Date
Issue Open	Sep 29, 2020	Feb 16, 2021
Issue Close	Oct 01, 2020	Feb 18, 2021
Basis Of Allotment (Tentative)	Oct 07, 2020	Feb 23, 2021
Initiation of Refunds (Tentative)	Oct 08, 2020	Feb 24, 2021
Credit of Share (Tentative)	Oct 09, 2020	Feb 24, 2021
Listing date (Tentative)	Oct 12, 2020	Feb 26, 2021
Anchor Lockin End date 1	Nov 06, 2020	Mar 25, 2021
Anchor Lockin End date 2	Jan 05, 2021	May 24, 2021

Financials

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

Mazagon Dock IPO

RailTel IPO

Financial

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

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	24,821.50	23,981	22,276.75	23,228.79
Total Revenue	5,537.84	11,660.05	10,382.66	10,212.18
Profit After Tax	455.84	1,410.66	1,353.56	1,340.06

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

85%

72.84%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Mazagon Dock IPO retail investors (RII) are offered 1,05,88,725 shares while in RailTel IPO retail investors are offered 1,05,88,725 shares. Qualified institutional buyers (QIB) are offered 1,51,26,750 shares in Mazagon Dock IPO and 1,73,69,237 shares in RailTel IPO.

	Mazagon Dock IPO	RailTel IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,51,26,750 shares	1,73,69,237 shares
NII	45,38,025 shares	1,29,98,006 shares
RII	1,05,88,725 shares	3,03,28,680 shares
Employee	3,45,517 shares	5,00,000 shares
Others
Total	3,05,99,017 shares	6,11,95,923 shares

Bids Received (Subscription)

Mazagon Dock IPO subscribed 157.41x in total, whereas RailTel IPO subscribed 42.39x.

	Mazagon Dock IPO	RailTel IPO
QIB (times)	89.71x	65.14x
NII (times)	678.88x	73.25x
Big NII (times)
Small NII (times)
RII (times)	35.63x	16.78x
Employee (times)	3.88x	3.35x
Other (times)
Total (times)	157.41x	42.39x

Compare with others

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

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