EMS IPO vs Rishabh Instruments IPO

Comparision between EMS IPO and Rishabh Instruments IPO.

IPO Details

EMS IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Rishabh Instruments IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	EMS IPO	Rishabh Instruments 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	Khambatta Securities Limited	Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Motilal Oswal Investment Advisors Limited Mirae Asset Capital Markets (India) Private Limited
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
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 EMS IPO is up to ₹321.24 Cr whereas the issue size of the Rishabh Instruments IPO is up to ₹490.78 Cr. The final issue price of EMS IPO is ₹211.00 per share and of Rishabh Instruments IPO is ₹441.00 per share.

	EMS IPO	Rishabh Instruments IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹200.00 per share	₹418.00 per share
Issue Price (Upper)	₹211.00 per share	₹441.00 per share
Issue Price (Final)	₹211.00 per share	₹441.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	70 shares	34 shares
Fresh Issue Size	69,30,806 shares	17,00,680 shares
Fresh Issue Size (Amount)	up to ₹146.24 Cr	up to ₹75.00 Cr
OFS Issue Size	82,94,118 shares	94,28,178 shares
OFS Issue Size (Amount)	up to ₹175.00 Cr	up to ₹415.78 Cr
Issue Size Total	1,52,24,924 shares	1,11,28,858 shares
Issue Size Total (Amount)	up to ₹321.24 Cr	up to ₹490.78 Cr

IPO Timetable

EMS IPO opens on Sep 08, 2023, while Rishabh Instruments IPO opens on Aug 30, 2023. The closing date of EMS IPO and Rishabh Instruments IPO is Sep 12, 2023, and Sep 01, 2023, respectively.

	EMS IPO	Rishabh Instruments IPO
Anchor Bid Date	Sep 07, 2023	Aug 29, 2023
Issue Open	Sep 08, 2023	Aug 30, 2023
Issue Close	Sep 12, 2023	Sep 01, 2023
Basis Of Allotment (Tentative)	Sep 15, 2023	Sep 06, 2023
Initiation of Refunds (Tentative)	Sep 18, 2023	Sep 07, 2023
Credit of Share (Tentative)	Sep 20, 2023	Sep 08, 2023
Listing date (Tentative)	Sep 21, 2023	Sep 11, 2023
Anchor Lockin End date 1	Oct 15, 2023	Oct 06, 2023
Anchor Lockin End date 2	Dec 14, 2023	Dec 05, 2023

Financials

EMS IPO P/E ratio is , as compared to Rishabh Instruments IPO P/E ratio of .

EMS IPO

Rishabh Instruments IPO

Financial

EMS IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	308.08	378.31	502.55	638.72
Revenue	332.36	336.18	363.10	543.28
Profit After Tax	72.43	71.91	78.93	108.67
Net Worth	229.99	301.91	380.18	487.83
Reserves and Surplus	218.24	290.16	368.43	443.45
Total Borrowing	14.80	3.16	3.71	45.40

Amount in ₹ Crore

Rishabh Instruments IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	511.97	563.89	648.93
Revenue	402.49	479.92	579.78
Profit After Tax	35.94	49.65	49.69
Net Worth	302.13	346.10	408.75
Reserves and Surplus
Total Borrowing	91.95	96.57	102.85

Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

96.71%

80.67%

Promoter Shareholding (Post-Issue)

70.68%

P/E Ratio

Market Cap

₹1171.70 Cr.

₹1674.10 Cr.

ROE

22.27%%

12.39%%

ROCE

28.26%%

13.77%%

Debt/Equity

0.09

0.26

EPS

₹23.15

₹12.84

RoNW

22.31%%

11.67%%

Shares Offered

In the EMS IPO retail investors (RII) are offered 53,28,724 shares while in Rishabh Instruments IPO retail investors are offered 53,28,724 shares. Qualified institutional buyers (QIB) are offered 30,44,985 shares in EMS IPO and 22,25,772 shares in Rishabh Instruments IPO.

	EMS IPO	Rishabh Instruments IPO
Anchor Investor Reserveration	45,67,476 shares	33,38,656 shares
Market Maker Reserveration
QIB	30,44,985 shares	22,25,772 shares
NII	22,83,739 shares	16,69,329 shares
RII	53,28,724 shares	38,95,101 shares
Employee	0 shares	0 shares
Others
Total	1,06,57,448 shares	77,90,202 shares

Bids Received (Subscription)

EMS IPO subscribed 76.21x in total, whereas Rishabh Instruments IPO subscribed 31.65x.

	EMS IPO	Rishabh Instruments IPO
QIB (times)	149.98x	72.54x
NII (times)	84.39x	31.29x
Big NII (times)	83.15x	34.01x
Small NII (times)	86.87x	25.86x
RII (times)	30.55x	8.44x
Employee (times)
Other (times)
Total (times)	76.21x	31.65x

Compare with others

EMS IPO	Rishabh Instruments IPO
Sai Silks (Kalamandir) IPO	Zaggle Prepaid Ocean Services IPO
Yatra Online IPO	R R Kabel IPO
Zaggle Prepaid Ocean Services IPO	SAMHI Hotels IPO
R R Kabel IPO	EMS IPO
SAMHI Hotels IPO	Jupiter Life Line Hospitals IPO
Jupiter Life Line Hospitals IPO	Ratnaveer Precision Engineering IPO
Rishabh Instruments IPO	Vishnu Prakash R Punglia IPO
Ratnaveer Precision Engineering IPO	Aeroflex Industries IPO
Vishnu Prakash R Punglia IPO	Pyramid Technoplast IPO
Aeroflex Industries IPO	India Shelter Finance IPO

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