Electronics Mart India IPO vs Tamilnad Mercantile Bank IPO

Comparision between Electronics Mart India IPO and Tamilnad Mercantile Bank IPO.

IPO Details

Electronics Mart India 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.

	Electronics Mart India 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	Anand Rathi Securities Limited Iifl Securities Ltd Jm Financial Limited	Axis Capital Limited Motilal Oswal Investment Advisors Limited SBI Capital Markets Limited
Registrar	Kfin Technologies Limited	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 Electronics Mart India IPO is up to ₹500.00 Cr whereas the issue size of the Tamilnad Mercantile Bank IPO is up to ₹807.84 Cr. The final issue price of Electronics Mart India IPO is ₹59.00 per share and of Tamilnad Mercantile Bank IPO is ₹510.00 per share.

	Electronics Mart India IPO	Tamilnad Mercantile Bank IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹56.00 per share	₹500.00 per share
Issue Price (Upper)	₹59.00 per share	₹525.00 per share
Issue Price (Final)	₹59.00 per share	₹510.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	254 shares	28 shares
Fresh Issue Size		1,58,40,000 shares
Fresh Issue Size (Amount)		up to ₹807.84 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total		1,58,40,000 shares
Issue Size Total (Amount)	up to ₹500.00 Cr	up to ₹807.84 Cr

IPO Timetable

Electronics Mart India IPO opens on Oct 04, 2022, while Tamilnad Mercantile Bank IPO opens on Sep 05, 2022. The closing date of Electronics Mart India IPO and Tamilnad Mercantile Bank IPO is Oct 07, 2022, and Sep 07, 2022, respectively.

	Electronics Mart India IPO	Tamilnad Mercantile Bank IPO
Anchor Bid Date
Issue Open	Oct 04, 2022	Sep 05, 2022
Issue Close	Oct 07, 2022	Sep 07, 2022
Basis Of Allotment (Tentative)	Oct 12, 2022	Sep 12, 2022
Initiation of Refunds (Tentative)	Oct 13, 2022	Sep 13, 2022
Credit of Share (Tentative)	Oct 14, 2022	Sep 14, 2022
Listing date (Tentative)	Oct 17, 2022	Sep 15, 2022
Anchor Lockin End date 1	Nov 11, 2022	Oct 12, 2022
Anchor Lockin End date 2	Jan 10, 2023	Dec 11, 2022

Financials

Electronics Mart India IPO P/E ratio is 13.95, as compared to Tamilnad Mercantile Bank IPO P/E ratio of 9.22.

Electronics Mart India IPO

Tamilnad Mercantile Bank IPO

Financial

Electronics Mart India Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-19	1109.15	2826.1	77.1	340.5	377.06
31-Mar-20	1347.6	3179.02	81.61	433.08	520.54
31-Mar-21	1523.53	3207.37	58.62	491.92	547.95
31-Mar-22	1824.74	4353.07	103.89	596.51	593.64
30-Jun-22	1755.58	1410.25	40.66	637.97	475.91
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)

77.97%

P/E Ratio

13.95

9.22

Market Cap

₹2270.02 Cr.

₹8313.45 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Electronics Mart India IPO retail investors (RII) are offered 3,12,50,000 shares while in Tamilnad Mercantile Bank IPO retail investors are offered 3,12,50,000 shares. Qualified institutional buyers (QIB) are offered 1,78,57,142 shares in Electronics Mart India IPO and 47,52,000 shares in Tamilnad Mercantile Bank IPO.

	Electronics Mart India IPO	Tamilnad Mercantile Bank IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,78,57,142 shares	47,52,000 shares
NII	1,33,92,858 shares	23,76,000 shares
RII	3,12,50,000 shares	15,84,000 shares
Employee	0 shares	0 shares
Others
Total	6,25,00,000 shares	87,12,000 shares

Bids Received (Subscription)

Electronics Mart India IPO subscribed 71.93x in total, whereas Tamilnad Mercantile Bank IPO subscribed 2.86x.

	Electronics Mart India IPO	Tamilnad Mercantile Bank IPO
QIB (times)	169.54x	1.62x
NII (times)	63.59x	2.94x
Big NII (times)	66.18x	3.10x
Small NII (times)	58.42x	2.63x
RII (times)	19.72x	6.48x
Employee (times)
Other (times)
Total (times)	71.93x	2.86x

Compare with others

Electronics Mart India IPO	Tamilnad Mercantile Bank IPO
Fusion Micro Finance IPO	Five Star Business Finance IPO
Global Health IPO	Uniparts India IPO
Five Star Business Finance IPO	Kaynes Technology IPO
Uniparts India IPO	Electronics Mart India IPO
Kaynes Technology IPO	DCX Systems IPO
DCX Systems IPO	Harsha Engineers IPO
Tamilnad Mercantile Bank IPO	Dreamfolks Services IPO
Harsha Engineers IPO	Syrma IPO
Dreamfolks Services IPO	Aether Industries IPO
Syrma IPO	eMudhra IPO

Comments

Add a public comment...