RailTel IPO vs Route Mobile IPO

Comparision between RailTel IPO and Route Mobile IPO.

IPO Details

RailTel 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.

	RailTel 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	ICICI Securities Limited Idbi Capital Market Services Limited SBI Capital Markets Limited	Axis Capital Limited Edelweiss Financial Services Ltd ICICI Securities Limited Idbi Capital Market Services Limited
Registrar	Kfin Technologies Limited	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 RailTel IPO is up to ₹819.24 Cr whereas the issue size of the Route Mobile IPO is up to ₹600.00 Cr. The final issue price of RailTel IPO is ₹94.00 per share and of Route Mobile IPO is ₹350.00 per share.

	RailTel IPO	Route Mobile IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹93.00 per share	₹345.00 per share
Issue Price (Upper)	₹94.00 per share	₹350.00 per share
Issue Price (Final)	₹94.00 per share	₹350.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	155 shares	40 shares
Fresh Issue Size
Fresh Issue Size (Amount)		up to ₹240.00 Cr
OFS Issue Size	8,71,53,369 shares
OFS Issue Size (Amount)	up to ₹819.24 Cr	up to ₹360.00 Cr
Issue Size Total	8,71,53,369 shares	1,73,91,303 shares
Issue Size Total (Amount)	up to ₹819.24 Cr	up to ₹600.00 Cr

IPO Timetable

RailTel IPO opens on Feb 16, 2021, while Route Mobile IPO opens on Sep 09, 2020. The closing date of RailTel IPO and Route Mobile IPO is Feb 18, 2021, and Sep 11, 2020, respectively.

	RailTel IPO	Route Mobile IPO
Anchor Bid Date
Issue Open	Feb 16, 2021	Sep 09, 2020
Issue Close	Feb 18, 2021	Sep 11, 2020
Basis Of Allotment (Tentative)	Feb 23, 2021	Sep 16, 2020
Initiation of Refunds (Tentative)	Feb 24, 2021	Sep 17, 2020
Credit of Share (Tentative)	Feb 24, 2021	Sep 18, 2020
Listing date (Tentative)	Feb 26, 2021	Sep 21, 2020
Anchor Lockin End date 1	Mar 25, 2021	Oct 16, 2020
Anchor Lockin End date 2	May 24, 2021	Dec 15, 2020

Financials

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

RailTel IPO

Route Mobile 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	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

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)

100%

96%

Promoter Shareholding (Post-Issue)

72.84%

66.33%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the RailTel IPO retail investors (RII) are offered 3,03,28,680 shares while in Route Mobile IPO retail investors are offered 3,03,28,680 shares. Qualified institutional buyers (QIB) are offered 1,73,69,237 shares in RailTel IPO and 34,78,259 shares in Route Mobile IPO.

	RailTel IPO	Route Mobile IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,73,69,237 shares	34,78,259 shares
NII	1,29,98,006 shares	26,08,696 shares
RII	3,03,28,680 shares	60,86,957 shares
Employee	5,00,000 shares	0 shares
Others
Total	6,11,95,923 shares	1,21,73,912 shares

Bids Received (Subscription)

RailTel IPO subscribed 42.39x in total, whereas Route Mobile IPO subscribed 73.30x.

	RailTel IPO	Route Mobile IPO
QIB (times)	65.14x	89.76x
NII (times)	73.25x	192.81x
Big NII (times)
Small NII (times)
RII (times)	16.78x	12.67x
Employee (times)	3.35x
Other (times)
Total (times)	42.39x	73.30x

Compare with others

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

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