Anand Rathi IPO vs Tarsons Products IPO

Comparision between Anand Rathi IPO and Tarsons Products IPO.

IPO Details

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

	Anand Rathi IPO	Tarsons Products 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	Edelweiss Financial Services Ltd ICICI Securities Limited SBI Capital Markets Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
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 Tarsons Products IPO is up to ₹1,023.47 Cr. The final issue price of Anand Rathi IPO is ₹550.00 per share and of Tarsons Products IPO is ₹662.00 per share.

	Anand Rathi IPO	Tarsons Products IPO
Face Value	₹5 per share	₹2 per share
Issue Price (Lower)	₹530.00 per share	₹635.00 per share
Issue Price (Upper)	₹550.00 per share	₹662.00 per share
Issue Price (Final)	₹550.00 per share	₹662.00 per share
Discount (Retail)
Discount (Employee)	₹25.00 per share	₹61.00 per share
Market Lot Size	27 shares	22 shares
Fresh Issue Size
Fresh Issue Size (Amount)		up to ₹150.00 Cr
OFS Issue Size	1,20,00,000 shares	1,32,00,000 shares
OFS Issue Size (Amount)	up to ₹660.00 Cr	up to ₹873.84 Cr
Issue Size Total
Issue Size Total (Amount)	up to ₹660.00 Cr	up to ₹1,023.47 Cr

IPO Timetable

Anand Rathi IPO opens on Dec 02, 2021, while Tarsons Products IPO opens on Nov 15, 2021. The closing date of Anand Rathi IPO and Tarsons Products IPO is Dec 06, 2021, and Nov 17, 2021, respectively.

	Anand Rathi IPO	Tarsons Products IPO
Anchor Bid Date
Issue Open	Dec 02, 2021	Nov 15, 2021
Issue Close	Dec 06, 2021	Nov 17, 2021
Basis Of Allotment (Tentative)	Dec 09, 2021	Nov 23, 2021
Initiation of Refunds (Tentative)	Dec 10, 2021	Nov 24, 2021
Credit of Share (Tentative)	Dec 13, 2021	Nov 25, 2021
Listing date (Tentative)	Dec 14, 2021	Nov 26, 2021
Anchor Lockin End date 1	Jan 08, 2022	Dec 23, 2021
Anchor Lockin End date 2	Mar 09, 2022	Feb 21, 2022

Financials

Anand Rathi IPO P/E ratio is , as compared to Tarsons Products IPO P/E ratio of .

Anand Rathi IPO

Tarsons Products 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-Jun-21	31-Mar-21
Total Assets	3,647.74	2,959.50
Total Revenue	711.27	2,342.91
Profit After Tax	248.35	688.70

Promoter Shareholding (Pre-Issue)

74.73%

50.75%

Promoter Shareholding (Post-Issue)

48.82%

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 Tarsons Products IPO retail investors are offered 41,12,500 shares. Qualified institutional buyers (QIB) are offered 23,50,000 shares in Anand Rathi IPO and 30,81,172 shares in Tarsons Products IPO.

	Anand Rathi IPO	Tarsons Products IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	23,50,000 shares	30,81,172 shares
NII	17,62,500 shares	23,10,880 shares
RII	41,12,500 shares	53,92,052 shares
Employee	2,50,000 shares	60,000 shares
Others
Total	84,75,000 shares	1,08,44,104 shares

Bids Received (Subscription)

Anand Rathi IPO subscribed 9.78x in total, whereas Tarsons Products IPO subscribed 77.49x.

	Anand Rathi IPO	Tarsons Products IPO
QIB (times)	2.50x	115.77x
NII (times)	25.42x	184.58x
Big NII (times)
Small NII (times)
RII (times)	7.76x	10.56x
Employee (times)	1.32x	1.83x
Other (times)
Total (times)	9.78x	77.49x

Compare with others

Anand Rathi IPO	Tarsons Products IPO
Metro Brands IPO	MapmyIndia IPO
Shriram Properties IPO	Anand Rathi IPO
Data Patterns IPO	Tega Industries IPO
RateGain IPO	Star Health IPO
MapmyIndia IPO	GoColors IPO
Tega Industries IPO	Latent View Analytics IPO
Star Health IPO	Sapphire Foods IPO
GoColors IPO	Sigachi Industries IPO
Tarsons Products IPO	Adani Wilmar IPO
Latent View Analytics IPO	PolicyBazaar IPO

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