Anand Rathi IPO vs Metro Brands IPO

Comparision between Anand Rathi IPO and Metro Brands IPO.

IPO Details

Anand Rathi IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Metro Brands IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Anand Rathi IPO	Metro Brands 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	Anand Rathi Securities Limited Bnp Paribas Equirus Capital Private Limited Iifl Securities Ltd	Ambit Private Limited Axis Capital Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Equirus Capital Private Limited ICICI Securities Limited Motilal Oswal Investment Advisors Limited
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 Anand Rathi IPO is up to ₹660.00 Cr whereas the issue size of the Metro Brands IPO is up to ₹1,367.51 Cr. The final issue price of Anand Rathi IPO is ₹550.00 per share and of Metro Brands IPO is ₹500.00 per share.

	Anand Rathi IPO	Metro Brands IPO
Face Value	₹5 per share	₹5 per share
Issue Price (Lower)	₹530.00 per share	₹485.00 per share
Issue Price (Upper)	₹550.00 per share	₹500.00 per share
Issue Price (Final)	₹550.00 per share	₹500.00 per share
Discount (Retail)
Discount (Employee)	₹25.00 per share
Market Lot Size	27 shares	30 shares
Fresh Issue Size
Fresh Issue Size (Amount)		up to ₹295.00 Cr
OFS Issue Size	1,20,00,000 shares	2,14,50,100 shares
OFS Issue Size (Amount)	up to ₹660.00 Cr	up to ₹1,072.51 Cr
Issue Size Total
Issue Size Total (Amount)	up to ₹660.00 Cr	up to ₹1,367.51 Cr

IPO Timetable

Anand Rathi IPO opens on Dec 02, 2021, while Metro Brands IPO opens on Dec 10, 2021. The closing date of Anand Rathi IPO and Metro Brands IPO is Dec 06, 2021, and Dec 14, 2021, respectively.

	Anand Rathi IPO	Metro Brands IPO
Anchor Bid Date
Issue Open	Dec 02, 2021	Dec 10, 2021
Issue Close	Dec 06, 2021	Dec 14, 2021
Basis Of Allotment (Tentative)	Dec 09, 2021	Dec 17, 2021
Initiation of Refunds (Tentative)	Dec 10, 2021	Dec 20, 2021
Credit of Share (Tentative)	Dec 13, 2021	Dec 21, 2021
Listing date (Tentative)	Dec 14, 2021	Dec 22, 2021
Anchor Lockin End date 1	Jan 08, 2022	Jan 16, 2022
Anchor Lockin End date 2	Mar 09, 2022	Mar 17, 2022

Financials

Anand Rathi IPO P/E ratio is , as compared to Metro Brands IPO P/E ratio of .

Anand Rathi IPO

Metro Brands IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Millions)
	31-Aug-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	4,023.24	3,394.42	4,090.64	2,308.27
Total Revenue	1,689.03	2,792.48	3,364.14	2,841.87
Profit After Tax	510.88	450.95	616.14	584.33

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Millions)
	30-Sep-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	17,396.06	16,593.40	16,174.23	13,215.06
Total Revenue	4,892.68	8,785.38	13,110.68	12,368.95
Profit After Tax	430.74	646.19	1,605.75	1,527.31

Promoter Shareholding (Pre-Issue)

74.73%

84.02%

Promoter Shareholding (Post-Issue)

48.82%

74.27%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Anand Rathi IPO retail investors (RII) are offered 41,12,500 shares while in Metro Brands IPO retail investors are offered 41,12,500 shares. Qualified institutional buyers (QIB) are offered 23,50,000 shares in Anand Rathi IPO and 54,70,020 shares in Metro Brands IPO.

	Anand Rathi IPO	Metro Brands IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	23,50,000 shares	54,70,020 shares
NII	17,62,500 shares	41,02,515 shares
RII	41,12,500 shares	95,72,535 shares
Employee	2,50,000 shares	0 shares
Others
Total	84,75,000 shares	1,91,45,070 shares

Bids Received (Subscription)

Anand Rathi IPO subscribed 9.78x in total, whereas Metro Brands IPO subscribed 3.64x.

	Anand Rathi IPO	Metro Brands IPO
QIB (times)	2.50x	8.49x
NII (times)	25.42x	3.02x
Big NII (times)
Small NII (times)
RII (times)	7.76x	1.13x
Employee (times)	1.32x
Other (times)
Total (times)	9.78x	3.64x

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