Mazagon Dock IPO vs Route Mobile IPO

Comparision between Mazagon Dock IPO and Route Mobile IPO.

IPO Details

Mazagon Dock 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.

	Mazagon Dock 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	Axis Capital Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Edelweiss Financial Services Ltd Jm Financial Limited Yes Securities (India) Limited	Axis Capital Limited Edelweiss Financial Services Ltd ICICI Securities Limited Idbi Capital Market Services 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 Route Mobile IPO is up to ₹600.00 Cr. The final issue price of Mazagon Dock IPO is ₹145.00 per share and of Route Mobile IPO is ₹350.00 per share.

	Mazagon Dock IPO	Route Mobile IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹135.00 per share	₹345.00 per share
Issue Price (Upper)	₹145.00 per share	₹350.00 per share
Issue Price (Final)	₹145.00 per share	₹350.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	103 shares	40 shares
Fresh Issue Size
Fresh Issue Size (Amount)		up to ₹240.00 Cr
OFS Issue Size	3,05,99,017 shares
OFS Issue Size (Amount)	up to ₹443.69 Cr	up to ₹360.00 Cr
Issue Size Total	3,05,99,017 shares	1,73,91,303 shares
Issue Size Total (Amount)	up to ₹443.69 Cr	up to ₹600.00 Cr

IPO Timetable

Mazagon Dock IPO opens on Sep 29, 2020, while Route Mobile IPO opens on Sep 09, 2020. The closing date of Mazagon Dock IPO and Route Mobile IPO is Oct 01, 2020, and Sep 11, 2020, respectively.

	Mazagon Dock IPO	Route Mobile IPO
Anchor Bid Date
Issue Open	Sep 29, 2020	Sep 09, 2020
Issue Close	Oct 01, 2020	Sep 11, 2020
Basis Of Allotment (Tentative)	Oct 07, 2020	Sep 16, 2020
Initiation of Refunds (Tentative)	Oct 08, 2020	Sep 17, 2020
Credit of Share (Tentative)	Oct 09, 2020	Sep 18, 2020
Listing date (Tentative)	Oct 12, 2020	Sep 21, 2020
Anchor Lockin End date 1	Nov 06, 2020	Oct 16, 2020
Anchor Lockin End date 2	Jan 05, 2021	Dec 15, 2020

Financials

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

Mazagon Dock IPO

Route Mobile 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-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)

85%

66.33%

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 Route Mobile 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 34,78,259 shares in Route Mobile IPO.

	Mazagon Dock IPO	Route Mobile IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,51,26,750 shares	34,78,259 shares
NII	45,38,025 shares	26,08,696 shares
RII	1,05,88,725 shares	60,86,957 shares
Employee	3,45,517 shares	0 shares
Others
Total	3,05,99,017 shares	1,21,73,912 shares

Bids Received (Subscription)

Mazagon Dock IPO subscribed 157.41x in total, whereas Route Mobile IPO subscribed 73.30x.

	Mazagon Dock IPO	Route Mobile IPO
QIB (times)	89.71x	89.76x
NII (times)	678.88x	192.81x
Big NII (times)
Small NII (times)
RII (times)	35.63x	12.67x
Employee (times)	3.88x
Other (times)
Total (times)	157.41x	73.30x

Compare with others

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

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