Dreamfolks Services IPO vs Syrma IPO

Comparision between Dreamfolks Services IPO and Syrma IPO.

IPO Details

Dreamfolks Services 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.

	Dreamfolks Services 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	Equirus Capital Private Limited Motilal Oswal Investment Advisors 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 Dreamfolks Services IPO is up to ₹562.10 Cr whereas the issue size of the Syrma IPO is up to ₹840.00 Cr. The final issue price of Dreamfolks Services IPO is ₹326.00 per share and of Syrma IPO is ₹220.00 per share.

	Dreamfolks Services IPO	Syrma IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹308.00 per share	₹209.00 per share
Issue Price (Upper)	₹326.00 per share	₹220.00 per share
Issue Price (Final)	₹326.00 per share	₹220.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	46 shares	68 shares
Fresh Issue Size
Fresh Issue Size (Amount)		up to ₹766.00 Cr
OFS Issue Size	1,72,42,368 shares	33,69,360 shares
OFS Issue Size (Amount)	up to ₹562.10 Cr
Issue Size Total	1,72,42,368 shares
Issue Size Total (Amount)	up to ₹562.10 Cr	up to ₹840.00 Cr

IPO Timetable

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

	Dreamfolks Services IPO	Syrma IPO
Anchor Bid Date
Issue Open	Aug 24, 2022	Aug 12, 2022
Issue Close	Aug 26, 2022	Aug 18, 2022
Basis Of Allotment (Tentative)	Sep 01, 2022	Aug 23, 2022
Initiation of Refunds (Tentative)	Sep 02, 2022	Aug 24, 2022
Credit of Share (Tentative)	Sep 05, 2022	Aug 25, 2022
Listing date (Tentative)	Sep 06, 2022	Aug 26, 2022
Anchor Lockin End date 1	Oct 01, 2022	Sep 22, 2022
Anchor Lockin End date 2	Nov 30, 2022	Nov 21, 2022

Financials

Dreamfolks Services IPO P/E ratio is 104.82, as compared to Syrma IPO P/E ratio of 50.69.

Dreamfolks Services IPO

Syrma IPO

Financial

Dreamfolks Services Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth
31-Mar-20	137.76	367.81	31.68	65.51
31-Mar-21	122.5	108.11	-1.45	64.3
31-Mar-22	168.68	283.99	16.25	82.16
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)

100%

Promoter Shareholding (Post-Issue)

67%

P/E Ratio

104.82

50.69

Market Cap

₹1703.35 Cr.

₹3877.04 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Dreamfolks Services IPO retail investors (RII) are offered 17,24,236 shares while in Syrma IPO retail investors are offered 17,24,236 shares. Qualified institutional buyers (QIB) are offered 51,72,711 shares in Dreamfolks Services IPO and 85,53,777 shares in Syrma IPO.

	Dreamfolks Services IPO	Syrma IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	51,72,711 shares	85,53,777 shares
NII	25,86,355 shares	60,03,012 shares
RII	17,24,236 shares	1,40,07,027 shares
Employee	0 shares	0 shares
Others
Total	94,83,302 shares	2,85,63,816 shares

Bids Received (Subscription)

Dreamfolks Services IPO subscribed 56.68x in total, whereas Syrma IPO subscribed 32.61x.

	Dreamfolks Services IPO	Syrma IPO
QIB (times)	70.53x	87.56x
NII (times)	37.66x	17.50x
Big NII (times)	40.94x	19.01x
Small NII (times)	31.10x	14.47x
RII (times)	43.66x	5.53x
Employee (times)
Other (times)
Total (times)	56.68x	32.61x

Compare with others

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

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