Aether Industries IPO vs Syrma IPO

Comparision between Aether Industries IPO and Syrma IPO.

IPO Details

Aether Industries IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Syrma IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Aether Industries IPO	Syrma 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	Hdfc Bank Limited Kotak Mahindra Capital Company Limited	Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) ICICI Securities Limited Iifl Securities Ltd
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Aether Industries IPO is up to ₹808.04 Cr whereas the issue size of the Syrma IPO is up to ₹840.00 Cr. The final issue price of Aether Industries IPO is ₹642.00 per share and of Syrma IPO is ₹220.00 per share.

	Aether Industries IPO	Syrma IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹610.00 per share	₹209.00 per share
Issue Price (Upper)	₹642.00 per share	₹220.00 per share
Issue Price (Final)	₹642.00 per share	₹220.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	23 shares	68 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹627.00 Cr	up to ₹766.00 Cr
OFS Issue Size	28,20,000 shares	33,69,360 shares
OFS Issue Size (Amount)	up to ₹181.04 Cr
Issue Size Total
Issue Size Total (Amount)	up to ₹808.04 Cr	up to ₹840.00 Cr

IPO Timetable

Aether Industries IPO opens on May 24, 2022, while Syrma IPO opens on Aug 12, 2022. The closing date of Aether Industries IPO and Syrma IPO is May 26, 2022, and Aug 18, 2022, respectively.

	Aether Industries IPO	Syrma IPO
Anchor Bid Date
Issue Open	May 24, 2022	Aug 12, 2022
Issue Close	May 26, 2022	Aug 18, 2022
Basis Of Allotment (Tentative)	May 31, 2022	Aug 23, 2022
Initiation of Refunds (Tentative)	Jun 01, 2022	Aug 24, 2022
Credit of Share (Tentative)	Jun 02, 2022	Aug 25, 2022
Listing date (Tentative)	Jun 03, 2022	Aug 26, 2022
Anchor Lockin End date 1	Jun 30, 2022	Sep 22, 2022
Anchor Lockin End date 2	Aug 29, 2022	Nov 21, 2022

Financials

Aether Industries IPO P/E ratio is 72.3, as compared to Syrma IPO P/E ratio of 50.69.

Aether Industries IPO

Syrma IPO

Financial

Aether Industries Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax
31-Mar-19	206.68	203.28	23.34
31-Mar-20	300.47	303.78	39.96
31-Mar-21	452.94	453.79	71.12
31-Dec-21	709.56	449.32	82.9
Amount in ₹ Crore

Syrma SGS Technology Ltd Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax
31-Mar-19	286.42	357.4	20.97
31-Mar-20	346.7	404.88	43.88
31-Mar-21	460.01	444.48	28.62
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

96.96%

Promoter Shareholding (Post-Issue)

87.09%

P/E Ratio

72.3

50.69

Market Cap

₹7991.79 Cr.

₹3877.04 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Aether Industries IPO retail investors (RII) are offered 45,43,517 shares while in Syrma IPO retail investors are offered 45,43,517 shares. Qualified institutional buyers (QIB) are offered 27,48,241 shares in Aether Industries IPO and 85,53,777 shares in Syrma IPO.

	Aether Industries IPO	Syrma IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	27,48,241 shares	85,53,777 shares
NII	19,47,222 shares	60,03,012 shares
RII	45,43,517 shares	1,40,07,027 shares
Employee	1,17,213 shares	0 shares
Others
Total	93,56,193 shares	2,85,63,816 shares

Bids Received (Subscription)

Aether Industries IPO subscribed 6.26x in total, whereas Syrma IPO subscribed 32.61x.

	Aether Industries IPO	Syrma IPO
QIB (times)	17.57x	87.56x
NII (times)	2.52x	17.50x
Big NII (times)		19.01x
Small NII (times)		14.47x
RII (times)	1.14x	5.53x
Employee (times)	1.06x
Other (times)
Total (times)	6.26x	32.61x

Compare with others

Aether Industries IPO	Syrma IPO
DCX Systems IPO	Electronics Mart India IPO
Tamilnad Mercantile Bank IPO	DCX Systems IPO
Harsha Engineers IPO	Tamilnad Mercantile Bank IPO
Dreamfolks Services IPO	Harsha Engineers IPO
Syrma IPO	Dreamfolks Services IPO
eMudhra IPO	Aether Industries IPO
Paradeep Phosphates IPO	eMudhra IPO
Prudent Corporate Advisory Services IPO	Paradeep Phosphates IPO
Rainbow Children Medicare IPO	Prudent Corporate Advisory Services IPO
Campus Activewear IPO	Rainbow Children Medicare IPO

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