Dreamfolks Services IPO vs Tamilnad Mercantile Bank IPO

Comparision between Dreamfolks Services IPO and Tamilnad Mercantile Bank IPO.

IPO Details

Dreamfolks Services IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Tamilnad Mercantile Bank IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Dreamfolks Services IPO	Tamilnad Mercantile Bank 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	Axis Capital Limited Motilal Oswal Investment Advisors Limited SBI Capital Markets 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 Dreamfolks Services IPO is up to ₹562.10 Cr whereas the issue size of the Tamilnad Mercantile Bank IPO is up to ₹807.84 Cr. The final issue price of Dreamfolks Services IPO is ₹326.00 per share and of Tamilnad Mercantile Bank IPO is ₹510.00 per share.

	Dreamfolks Services IPO	Tamilnad Mercantile Bank IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹308.00 per share	₹500.00 per share
Issue Price (Upper)	₹326.00 per share	₹525.00 per share
Issue Price (Final)	₹326.00 per share	₹510.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	46 shares	28 shares
Fresh Issue Size		1,58,40,000 shares
Fresh Issue Size (Amount)		up to ₹807.84 Cr
OFS Issue Size	1,72,42,368 shares
OFS Issue Size (Amount)	up to ₹562.10 Cr
Issue Size Total	1,72,42,368 shares	1,58,40,000 shares
Issue Size Total (Amount)	up to ₹562.10 Cr	up to ₹807.84 Cr

IPO Timetable

Dreamfolks Services IPO opens on Aug 24, 2022, while Tamilnad Mercantile Bank IPO opens on Sep 05, 2022. The closing date of Dreamfolks Services IPO and Tamilnad Mercantile Bank IPO is Aug 26, 2022, and Sep 07, 2022, respectively.

	Dreamfolks Services IPO	Tamilnad Mercantile Bank IPO
Anchor Bid Date
Issue Open	Aug 24, 2022	Sep 05, 2022
Issue Close	Aug 26, 2022	Sep 07, 2022
Basis Of Allotment (Tentative)	Sep 01, 2022	Sep 12, 2022
Initiation of Refunds (Tentative)	Sep 02, 2022	Sep 13, 2022
Credit of Share (Tentative)	Sep 05, 2022	Sep 14, 2022
Listing date (Tentative)	Sep 06, 2022	Sep 15, 2022
Anchor Lockin End date 1	Oct 01, 2022	Oct 12, 2022
Anchor Lockin End date 2	Nov 30, 2022	Dec 11, 2022

Financials

Dreamfolks Services IPO P/E ratio is 104.82, as compared to Tamilnad Mercantile Bank IPO P/E ratio of 9.22.

Dreamfolks Services IPO

Tamilnad Mercantile Bank 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

Tamilnad Mercantile Bank Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	42758.8	3992.53	464.89	3979.65	3837.14
31-Mar-21	47527.17	4253.4	654.04	4579.98	4437.47
31-Mar-22	52858.49	4656.44	901.9	5335.71	5193.2
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

67%

P/E Ratio

104.82

9.22

Market Cap

₹1703.35 Cr.

₹8313.45 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 Tamilnad Mercantile Bank IPO retail investors are offered 17,24,236 shares. Qualified institutional buyers (QIB) are offered 51,72,711 shares in Dreamfolks Services IPO and 47,52,000 shares in Tamilnad Mercantile Bank IPO.

	Dreamfolks Services IPO	Tamilnad Mercantile Bank IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	51,72,711 shares	47,52,000 shares
NII	25,86,355 shares	23,76,000 shares
RII	17,24,236 shares	15,84,000 shares
Employee	0 shares	0 shares
Others
Total	94,83,302 shares	87,12,000 shares

Bids Received (Subscription)

Dreamfolks Services IPO subscribed 56.68x in total, whereas Tamilnad Mercantile Bank IPO subscribed 2.86x.

	Dreamfolks Services IPO	Tamilnad Mercantile Bank IPO
QIB (times)	70.53x	1.62x
NII (times)	37.66x	2.94x
Big NII (times)	40.94x	3.10x
Small NII (times)	31.10x	2.63x
RII (times)	43.66x	6.48x
Employee (times)
Other (times)
Total (times)	56.68x	2.86x

Compare with others

Dreamfolks Services IPO	Tamilnad Mercantile Bank IPO
Kaynes Technology IPO	Five Star Business Finance IPO
Electronics Mart India IPO	Uniparts India IPO
DCX Systems IPO	Kaynes Technology IPO
Tamilnad Mercantile Bank IPO	Electronics Mart India IPO
Harsha Engineers IPO	DCX Systems IPO
Syrma IPO	Harsha Engineers IPO
Aether Industries IPO	Dreamfolks Services IPO
eMudhra IPO	Syrma IPO
Paradeep Phosphates IPO	Aether Industries IPO
Prudent Corporate Advisory Services IPO	eMudhra IPO

Comments

Add a public comment...