Ethos Limited IPO vs LIC IPO

Comparision between Ethos Limited IPO and LIC IPO.

IPO Details

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

	Ethos Limited IPO	LIC 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	Axis Capital Limited Bofa Securities India Limited Citigroup Global Markets India Private Limited Goldman Sachs (India) Securities Private Limited ICICI Securities Limited J.P. Morgan India Private Limited Jm Financial Limited Kotak Mahindra Capital Company Limited Nomura Financial Advisory And Securities (India) Pvt Ltd SBI Capital Markets 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 Ethos Limited IPO is up to ₹472.29 Cr whereas the issue size of the LIC IPO is up to ₹21,008.48 Cr. The final issue price of Ethos Limited IPO is ₹878.00 per share and of LIC IPO is ₹949.00 per share.

	Ethos Limited IPO	LIC IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹836.00 per share	₹902.00 per share
Issue Price (Upper)	₹878.00 per share	₹949.00 per share
Issue Price (Final)	₹878.00 per share	₹949.00 per share
Discount (Retail)		₹45.00 per share
Discount (Employee)		₹45.00 per share
Market Lot Size	17 shares	15 shares
Fresh Issue Size	42,71,071 shares
Fresh Issue Size (Amount)	up to ₹375.00 Cr
OFS Issue Size	11,08,037 shares	22,13,74,920 shares
OFS Issue Size (Amount)	up to ₹97.29 Cr	up to ₹21,008.48 Cr
Issue Size Total	53,79,108 shares	22,13,74,920 shares
Issue Size Total (Amount)	up to ₹472.29 Cr	up to ₹21,008.48 Cr

IPO Timetable

Ethos Limited IPO opens on May 18, 2022, while LIC IPO opens on May 04, 2022. The closing date of Ethos Limited IPO and LIC IPO is May 20, 2022, and May 09, 2022, respectively.

	Ethos Limited IPO	LIC IPO
Anchor Bid Date
Issue Open	May 18, 2022	May 04, 2022
Issue Close	May 20, 2022	May 09, 2022
Basis Of Allotment (Tentative)	May 25, 2022	May 12, 2022
Initiation of Refunds (Tentative)	May 26, 2022	May 13, 2022
Credit of Share (Tentative)	May 27, 2022	May 16, 2022
Listing date (Tentative)	May 30, 2022	May 17, 2022
Anchor Lockin End date 1	Jun 24, 2022	Jun 11, 2022
Anchor Lockin End date 2	Aug 23, 2022	Aug 10, 2022

Financials

Ethos Limited IPO P/E ratio is 96, as compared to LIC IPO P/E ratio of 201.91.

Ethos Limited IPO

LIC 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 (₹ in Millions)
	31-Dec-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	40,907,867.78	37,464,044.68	34,141,745.74	33,663,346.17
Profit After Tax	17,153.12	29,741.39	27,104.78	26,273.78

Promoter Shareholding (Pre-Issue)

81.01%

100%

Promoter Shareholding (Post-Issue)

61.65%

96.50%

P/E Ratio

201.91

Market Cap

₹2050.06 Cr.

₹600242.28 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 LIC IPO retail investors are offered 19,57,789 shares. Qualified institutional buyers (QIB) are offered 11,83,115 shares in Ethos Limited IPO and 3,95,31,236 shares in LIC IPO.

	Ethos Limited IPO	LIC IPO
Anchor Investor Reserveration		5,92,96,853 shares
Market Maker Reserveration
QIB	11,83,115 shares	3,95,31,236 shares
NII	8,39,053 shares	2,96,48,427 shares
RII	19,57,789 shares	6,91,79,663 shares
Employee	0 shares	15,81,249 shares
Others
Total	39,79,957 shares	16,20,78,067 shares

Bids Received (Subscription)

Ethos Limited IPO subscribed 1.04x in total, whereas LIC IPO subscribed 2.95x.

	Ethos Limited IPO	LIC IPO
QIB (times)	1.06x	2.83x
NII (times)	1.48x	2.91x
Big NII (times)
Small NII (times)
RII (times)	0.84x	1.99x
Employee (times)		4.40x
Other (times)		6.12x
Total (times)	1.04x	2.95x

Compare with others

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Paradeep Phosphates IPO	Venus Pipes & Tubes IPO
Prudent Corporate Advisory Services IPO	Ethos Limited IPO
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Campus Activewear IPO	Veranda Learning IPO
Venus Pipes & Tubes IPO	Uma Exports IPO
Hariom Pipe Industries IPO	Manyavar IPO
Veranda Learning IPO	Delhivery IPO
Uma Exports IPO	AGS Transact IPO
LIC IPO	CMS Info Systems IPO
Manyavar IPO	Tracxn Technologies IPO

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