Prudent Corporate Advisory Services IPO vs Rainbow Children Medicare IPO

Comparision between Prudent Corporate Advisory Services IPO and Rainbow Children Medicare IPO.

IPO Details

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

	Prudent Corporate Advisory Services IPO	Rainbow Children Medicare 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	ICICI Securities Limited Axis Capital Limited Equirus Capital Private Limited	Kotak Mahindra Capital Company Limited J.P. Morgan India Private Limited Iifl Securities Ltd
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
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 Prudent Corporate Advisory Services IPO is up to ₹538.61 Cr whereas the issue size of the Rainbow Children Medicare IPO is up to ₹1,580.85 Cr. The final issue price of Prudent Corporate Advisory Services IPO is ₹630.00 per share and of Rainbow Children Medicare IPO is ₹542.00 per share.

	Prudent Corporate Advisory Services IPO	Rainbow Children Medicare IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹595.00 per share	₹516.00 per share
Issue Price (Upper)	₹630.00 per share	₹542.00 per share
Issue Price (Final)	₹630.00 per share	₹542.00 per share
Discount (Retail)
Discount (Employee)	₹59.00 per share	₹20.00 per share
Market Lot Size	23 shares	27 shares
Fresh Issue Size
Fresh Issue Size (Amount)		up to ₹280.00 Cr
OFS Issue Size	85,49,340 shares	2,40,00,900 shares
OFS Issue Size (Amount)	up to ₹538.61 Cr	up to ₹1,300.85 Cr
Issue Size Total	85,49,340 shares
Issue Size Total (Amount)	up to ₹538.61 Cr	up to ₹1,580.85 Cr

IPO Timetable

Prudent Corporate Advisory Services IPO opens on May 10, 2022, while Rainbow Children Medicare IPO opens on Apr 27, 2022. The closing date of Prudent Corporate Advisory Services IPO and Rainbow Children Medicare IPO is May 12, 2022, and Apr 29, 2022, respectively.

	Prudent Corporate Advisory Services IPO	Rainbow Children Medicare IPO
Anchor Bid Date
Issue Open	May 10, 2022	Apr 27, 2022
Issue Close	May 12, 2022	Apr 29, 2022
Basis Of Allotment (Tentative)	May 18, 2022	May 05, 2022
Initiation of Refunds (Tentative)	May 19, 2022	May 06, 2022
Credit of Share (Tentative)	May 20, 2022	May 09, 2022
Listing date (Tentative)	May 20, 2022	May 10, 2022
Anchor Lockin End date 1	Jun 17, 2022	Jun 04, 2022
Anchor Lockin End date 2	Aug 16, 2022	Aug 03, 2022

Financials

Prudent Corporate Advisory Services IPO P/E ratio is 33.94, as compared to Rainbow Children Medicare IPO P/E ratio of 43.53.

Prudent Corporate Advisory Services IPO

Rainbow Children Medicare IPO

Financial

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

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (Rs in Millions)
	31-Dec-21	31-Dec-20	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	12,397.56	10,762.22	10,812.67	10,192.37	9,263.96
Total Revenue	7,740.62	4,942.93	6,603.10	7,297.37	5,511.44
Profit After Tax	1,264.13	385.25	395.68	553.40	445.90

Promoter Shareholding (Pre-Issue)

56.78%

62.19%

Promoter Shareholding (Post-Issue)

56.78%

49.83%

P/E Ratio

33.94

43.53

Market Cap

₹2608.62 Cr.

₹5501.30 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Prudent Corporate Advisory Services IPO retail investors (RII) are offered 29,52,427 shares while in Rainbow Children Medicare IPO retail investors are offered 29,52,427 shares. Qualified institutional buyers (QIB) are offered 16,87,101 shares in Prudent Corporate Advisory Services IPO and 1,44,33,000 shares in Rainbow Children Medicare IPO.

	Prudent Corporate Advisory Services IPO	Rainbow Children Medicare IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	16,87,101 shares	1,44,33,000 shares
NII	12,65,326 shares	43,30,000 shares
RII	29,52,427 shares	1,01,03,000 shares
Employee	1,13,835 shares	3,00,000 shares
Others
Total	60,18,689 shares	2,88,66,000 shares

Bids Received (Subscription)

Prudent Corporate Advisory Services IPO subscribed 1.22x in total, whereas Rainbow Children Medicare IPO subscribed 12.43x.

	Prudent Corporate Advisory Services IPO	Rainbow Children Medicare IPO
QIB (times)	1.26x	38.90x
NII (times)	0.99x	3.73x
Big NII (times)
Small NII (times)
RII (times)	1.29x	1.38x
Employee (times)	1.23x	0.31x
Other (times)
Total (times)	1.22x	12.43x

Compare with others

Prudent Corporate Advisory Services IPO	Rainbow Children Medicare IPO
Dreamfolks Services IPO	Syrma IPO
Syrma IPO	Aether Industries IPO
Aether Industries IPO	eMudhra IPO
eMudhra IPO	Paradeep Phosphates IPO
Paradeep Phosphates IPO	Prudent Corporate Advisory Services IPO
Rainbow Children Medicare IPO	Campus Activewear IPO
Campus Activewear IPO	Venus Pipes & Tubes IPO
Venus Pipes & Tubes IPO	Ethos Limited IPO
Ethos Limited IPO	Hariom Pipe Industries IPO
Hariom Pipe Industries IPO	Veranda Learning IPO

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