Ethos Limited IPO vs Hariom Pipe Industries IPO

Comparision between Ethos Limited IPO and Hariom Pipe Industries IPO.

IPO Details

Ethos Limited IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Hariom Pipe Industries IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Ethos Limited IPO	Hariom Pipe Industries 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	Emkay Global Financial Services Ltd Incred Capital Financial Services Pvt Ltd	Iti Capital Ltd
Registrar	Kfin Technologies Limited	Bigshare Services Pvt Ltd
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 Ethos Limited IPO is up to ₹472.29 Cr whereas the issue size of the Hariom Pipe Industries IPO is up to ₹130.05 Cr. The final issue price of Ethos Limited IPO is ₹878.00 per share and of Hariom Pipe Industries IPO is ₹153.00 per share.

	Ethos Limited IPO	Hariom Pipe Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹836.00 per share	₹144.00 per share
Issue Price (Upper)	₹878.00 per share	₹153.00 per share
Issue Price (Final)	₹878.00 per share	₹153.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	17 shares	98 shares
Fresh Issue Size	42,71,071 shares	85,00,000 shares
Fresh Issue Size (Amount)	up to ₹375.00 Cr	up to ₹130.05 Cr
OFS Issue Size	11,08,037 shares
OFS Issue Size (Amount)	up to ₹97.29 Cr
Issue Size Total	53,79,108 shares	85,00,000 shares
Issue Size Total (Amount)	up to ₹472.29 Cr	up to ₹130.05 Cr

IPO Timetable

Ethos Limited IPO opens on May 18, 2022, while Hariom Pipe Industries IPO opens on Mar 30, 2022. The closing date of Ethos Limited IPO and Hariom Pipe Industries IPO is May 20, 2022, and Apr 05, 2022, respectively.

	Ethos Limited IPO	Hariom Pipe Industries IPO
Anchor Bid Date
Issue Open	May 18, 2022	Mar 30, 2022
Issue Close	May 20, 2022	Apr 05, 2022
Basis Of Allotment (Tentative)	May 25, 2022	Apr 08, 2022
Initiation of Refunds (Tentative)	May 26, 2022	Apr 11, 2022
Credit of Share (Tentative)	May 27, 2022	Apr 12, 2022
Listing date (Tentative)	May 30, 2022	Apr 13, 2022
Anchor Lockin End date 1	Jun 24, 2022	May 08, 2022
Anchor Lockin End date 2	Aug 23, 2022	Jul 07, 2022

Financials

Ethos Limited IPO P/E ratio is 96, as compared to Hariom Pipe Industries IPO P/E ratio of 15.15.

Ethos Limited IPO

Hariom Pipe Industries IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (Rs in Lakhs)
	31-Dec-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	49,399.31	39,204.38	42,195.65	36,892.56
Total Revenue	42,934.76	40,314.23	46,100.56	44,509.63
Profit After Tax	1,598.78	578.53	-133.40	988.88

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (Rs in Lakhs)
	30-Sep-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	19,881.96	17,374.03	13,967.72	10,335.11
Total Revenue	20,116	25,482.31	16,115.05	13,391.56
Profit After Tax	1,286.90	1,513.20	790.83	802

Promoter Shareholding (Pre-Issue)

81.01%

99.10%

Promoter Shareholding (Post-Issue)

61.65%

66%

P/E Ratio

15.15

Market Cap

₹2050.06 Cr.

₹389.79 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Ethos Limited IPO retail investors (RII) are offered 19,57,789 shares while in Hariom Pipe Industries IPO retail investors are offered 19,57,789 shares. Qualified institutional buyers (QIB) are offered 11,83,115 shares in Ethos Limited IPO and 25,50,000 shares in Hariom Pipe Industries IPO.

	Ethos Limited IPO	Hariom Pipe Industries IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	11,83,115 shares	25,50,000 shares
NII	8,39,053 shares	29,75,000 shares
RII	19,57,789 shares	29,75,000 shares
Employee	0 shares	0 shares
Others
Total	39,79,957 shares	85,00,000 shares

Bids Received (Subscription)

Ethos Limited IPO subscribed 1.04x in total, whereas Hariom Pipe Industries IPO subscribed 7.93x.

	Ethos Limited IPO	Hariom Pipe Industries IPO
QIB (times)	1.06x	1.91x
NII (times)	1.48x	8.87x
Big NII (times)
Small NII (times)
RII (times)	0.84x	12.15x
Employee (times)
Other (times)
Total (times)	1.04x	7.93x

Compare with others

Ethos Limited IPO	Hariom Pipe Industries IPO
Paradeep Phosphates IPO	Prudent Corporate Advisory Services IPO
Prudent Corporate Advisory Services IPO	Rainbow Children Medicare IPO
Rainbow Children Medicare IPO	Campus Activewear IPO
Campus Activewear IPO	Venus Pipes & Tubes IPO
Venus Pipes & Tubes IPO	Ethos Limited IPO
Hariom Pipe Industries IPO	Veranda Learning IPO
Veranda Learning IPO	Uma Exports IPO
Uma Exports IPO	LIC IPO
LIC IPO	Manyavar IPO
Manyavar IPO	Delhivery IPO

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