Happiest Minds IPO vs Yes Bank FPO

Comparision between Happiest Minds IPO and Yes Bank FPO.

IPO Details

Happiest Minds IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Yes Bank FPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Happiest Minds IPO	Yes Bank FPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	FPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	ICICI Securities Limited Nomura Financial Advisory And Securities (India) Pvt Ltd	Axis Bank Limited Bofa Securities India Limited Citigroup Global Markets India Private Limited Hsbc Securities & Capital Markets Pvt Ltd ICICI Securities Limited Kotak Mahindra Capital Company Limited SBI Capital Markets Limited Yes Bank Limited
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
Market Maker
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 Happiest Minds IPO is up to ₹702.02 Cr whereas the issue size of the Yes Bank FPO is up to ₹15,000.00 Cr. The final issue price of Happiest Minds IPO is ₹166.00 per share and of Yes Bank FPO is ₹12.00 per share.

	Happiest Minds IPO	Yes Bank FPO
Face Value	₹2 per share	₹2 per share
Issue Price (Lower)	₹165.00 per share	₹12.00 per share
Issue Price (Upper)	₹166.00 per share	₹13.00 per share
Issue Price (Final)	₹166.00 per share	₹12.00 per share
Discount (Retail)
Discount (Employee)		₹1.00 per share
Market Lot Size	90 shares	1000 shares
Fresh Issue Size	66,26,506 shares
Fresh Issue Size (Amount)	up to ₹110.00 Cr	up to ₹15,000.00 Cr
OFS Issue Size	3,56,63,585 shares
OFS Issue Size (Amount)	up to ₹592.02 Cr
Issue Size Total	4,22,90,091 shares
Issue Size Total (Amount)	up to ₹702.02 Cr	up to ₹15,000.00 Cr

IPO Timetable

Happiest Minds IPO opens on Sep 07, 2020, while Yes Bank FPO opens on Jul 15, 2020. The closing date of Happiest Minds IPO and Yes Bank FPO is Sep 09, 2020, and Jul 17, 2020, respectively.

	Happiest Minds IPO	Yes Bank FPO
Anchor Bid Date
Issue Open	Sep 07, 2020	Jul 15, 2020
Issue Close	Sep 09, 2020	Jul 17, 2020
Basis Of Allotment (Tentative)	Sep 14, 2020	Jul 22, 2020
Initiation of Refunds (Tentative)	Sep 15, 2020	Jul 23, 2020
Credit of Share (Tentative)	Sep 15, 2020	Jul 24, 2020
Listing date (Tentative)	Sep 17, 2020	Jul 27, 2020
Anchor Lockin End date 1	Oct 14, 2020	Aug 21, 2020
Anchor Lockin End date 2	Dec 13, 2020	Oct 20, 2020

Financials

Happiest Minds IPO P/E ratio is , as compared to Yes Bank FPO P/E ratio of .

Happiest Minds IPO

Yes Bank FPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Million)
	30-Jun-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	5,730.8	5,081.5	4,135.2	3,869.9
Total Revenue	1,869.9	7,142.3	6,018.1	4,891.2
Profit After Tax	501.8	717.1	142.1	(224.7)

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Million)
	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	2,578,321.64	3,808,596.10	3,124,496.54
Total Revenue	103,350.56	144,879.93	130,323.20
Profit After Tax	(164,325.80)	17,092.66	42,332.20

Promoter Shareholding (Pre-Issue)

61.77%

Promoter Shareholding (Post-Issue)

53.25%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Happiest Minds IPO retail investors (RII) are offered 42,29,009 shares while in Yes Bank FPO retail investors are offered 42,29,009 shares. Qualified institutional buyers (QIB) are offered 1,26,87,028 shares in Happiest Minds IPO and 2,75,12,82,051 shares in Yes Bank FPO.

	Happiest Minds IPO	Yes Bank FPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,26,87,028 shares	2,75,12,82,051 shares
NII	63,43,513 shares	1,85,00,00,000 shares
RII	42,29,009 shares	4,31,66,66,667 shares
Employee	0 shares	18,18,18,181 shares
Others
Total	2,32,59,550 shares	9,09,97,66,899 shares

Bids Received (Subscription)

Happiest Minds IPO subscribed 150.98x in total, whereas Yes Bank FPO subscribed 0.93x.

	Happiest Minds IPO	Yes Bank FPO
QIB (times)	77.43x	1.90x
NII (times)	351.46x	0.63x
Big NII (times)
Small NII (times)
RII (times)	70.94x	0.47x
Employee (times)		0.32x
Other (times)
Total (times)	150.98x	0.93x

Compare with others

Happiest Minds IPO	Yes Bank FPO
Mazagon Dock IPO	Angel One IPO
Likhitha Infrastructure IPO	Happiest Minds IPO
Chemcon IPO	CAMS IPO
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Angel One IPO	Mindspace REIT
CAMS IPO	Rossari Biotech IPO
UTI AMC IPO	Equitas Small Finance Bank IPO
Mindspace REIT	Prince Pipes IPO
Yes Bank FPO	SBI Cards IPO
Rossari Biotech IPO	Ujjivan Bank IPO

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