Ethos Limited IPO vs Prudent Corporate Advisory Services IPO

Comparision between Ethos Limited IPO and Prudent Corporate Advisory Services IPO.

IPO Details

Ethos Limited IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Prudent Corporate Advisory Services IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Ethos Limited IPO	Prudent Corporate Advisory Services 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	ICICI Securities Limited Axis Capital Limited Equirus Capital Private 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 Ethos Limited IPO is up to ₹472.29 Cr whereas the issue size of the Prudent Corporate Advisory Services IPO is up to ₹538.61 Cr. The final issue price of Ethos Limited IPO is ₹878.00 per share and of Prudent Corporate Advisory Services IPO is ₹630.00 per share.

	Ethos Limited IPO	Prudent Corporate Advisory Services IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹836.00 per share	₹595.00 per share
Issue Price (Upper)	₹878.00 per share	₹630.00 per share
Issue Price (Final)	₹878.00 per share	₹630.00 per share
Discount (Retail)
Discount (Employee)		₹59.00 per share
Market Lot Size	17 shares	23 shares
Fresh Issue Size	42,71,071 shares
Fresh Issue Size (Amount)	up to ₹375.00 Cr
OFS Issue Size	11,08,037 shares	85,49,340 shares
OFS Issue Size (Amount)	up to ₹97.29 Cr	up to ₹538.61 Cr
Issue Size Total	53,79,108 shares	85,49,340 shares
Issue Size Total (Amount)	up to ₹472.29 Cr	up to ₹538.61 Cr

IPO Timetable

Ethos Limited IPO opens on May 18, 2022, while Prudent Corporate Advisory Services IPO opens on May 10, 2022. The closing date of Ethos Limited IPO and Prudent Corporate Advisory Services IPO is May 20, 2022, and May 12, 2022, respectively.

	Ethos Limited IPO	Prudent Corporate Advisory Services IPO
Anchor Bid Date
Issue Open	May 18, 2022	May 10, 2022
Issue Close	May 20, 2022	May 12, 2022
Basis Of Allotment (Tentative)	May 25, 2022	May 18, 2022
Initiation of Refunds (Tentative)	May 26, 2022	May 19, 2022
Credit of Share (Tentative)	May 27, 2022	May 20, 2022
Listing date (Tentative)	May 30, 2022	May 20, 2022
Anchor Lockin End date 1	Jun 24, 2022	Jun 17, 2022
Anchor Lockin End date 2	Aug 23, 2022	Aug 16, 2022

Financials

Ethos Limited IPO P/E ratio is 96, as compared to Prudent Corporate Advisory Services IPO P/E ratio of 33.94.

Ethos Limited IPO

Prudent Corporate Advisory Services 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 million)
	31-Dec-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	3,873.40	2,849.30	1,960.75	1,932.15
Total Revenue	3,279.98	2,948.96	2,362.20	2,250.58
Profit After Tax	576.28	452.97	278.53	210.19

Promoter Shareholding (Pre-Issue)

81.01%

56.78%

Promoter Shareholding (Post-Issue)

61.65%

56.78%

P/E Ratio

33.94

Market Cap

₹2050.06 Cr.

₹2608.62 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 Prudent Corporate Advisory Services IPO retail investors are offered 19,57,789 shares. Qualified institutional buyers (QIB) are offered 11,83,115 shares in Ethos Limited IPO and 16,87,101 shares in Prudent Corporate Advisory Services IPO.

	Ethos Limited IPO	Prudent Corporate Advisory Services IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	11,83,115 shares	16,87,101 shares
NII	8,39,053 shares	12,65,326 shares
RII	19,57,789 shares	29,52,427 shares
Employee	0 shares	1,13,835 shares
Others
Total	39,79,957 shares	60,18,689 shares

Bids Received (Subscription)

Ethos Limited IPO subscribed 1.04x in total, whereas Prudent Corporate Advisory Services IPO subscribed 1.22x.

	Ethos Limited IPO	Prudent Corporate Advisory Services IPO
QIB (times)	1.06x	1.26x
NII (times)	1.48x	0.99x
Big NII (times)
Small NII (times)
RII (times)	0.84x	1.29x
Employee (times)		1.23x
Other (times)
Total (times)	1.04x	1.22x

Compare with others

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

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