Rainbow Children Medicare IPO vs Syrma IPO

Comparision between Rainbow Children Medicare IPO and Syrma IPO.

IPO Details

Rainbow Children Medicare IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Syrma IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Rainbow Children Medicare IPO	Syrma 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	Kotak Mahindra Capital Company Limited J.P. Morgan India Private Limited Iifl Securities Ltd	Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) ICICI Securities Limited Iifl Securities Ltd
Registrar	Kfin Technologies Limited	Link Intime India Private 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 Rainbow Children Medicare IPO is up to ₹1,580.85 Cr whereas the issue size of the Syrma IPO is up to ₹840.00 Cr. The final issue price of Rainbow Children Medicare IPO is ₹542.00 per share and of Syrma IPO is ₹220.00 per share.

	Rainbow Children Medicare IPO	Syrma IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹516.00 per share	₹209.00 per share
Issue Price (Upper)	₹542.00 per share	₹220.00 per share
Issue Price (Final)	₹542.00 per share	₹220.00 per share
Discount (Retail)
Discount (Employee)	₹20.00 per share
Market Lot Size	27 shares	68 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹280.00 Cr	up to ₹766.00 Cr
OFS Issue Size	2,40,00,900 shares	33,69,360 shares
OFS Issue Size (Amount)	up to ₹1,300.85 Cr
Issue Size Total
Issue Size Total (Amount)	up to ₹1,580.85 Cr	up to ₹840.00 Cr

IPO Timetable

Rainbow Children Medicare IPO opens on Apr 27, 2022, while Syrma IPO opens on Aug 12, 2022. The closing date of Rainbow Children Medicare IPO and Syrma IPO is Apr 29, 2022, and Aug 18, 2022, respectively.

	Rainbow Children Medicare IPO	Syrma IPO
Anchor Bid Date
Issue Open	Apr 27, 2022	Aug 12, 2022
Issue Close	Apr 29, 2022	Aug 18, 2022
Basis Of Allotment (Tentative)	May 05, 2022	Aug 23, 2022
Initiation of Refunds (Tentative)	May 06, 2022	Aug 24, 2022
Credit of Share (Tentative)	May 09, 2022	Aug 25, 2022
Listing date (Tentative)	May 10, 2022	Aug 26, 2022
Anchor Lockin End date 1	Jun 04, 2022	Sep 22, 2022
Anchor Lockin End date 2	Aug 03, 2022	Nov 21, 2022

Financials

Rainbow Children Medicare IPO P/E ratio is 43.53, as compared to Syrma IPO P/E ratio of 50.69.

Rainbow Children Medicare IPO

Syrma IPO

Financial

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

Syrma SGS Technology Ltd Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax
31-Mar-19	286.42	357.4	20.97
31-Mar-20	346.7	404.88	43.88
31-Mar-21	460.01	444.48	28.62
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

62.19%

Promoter Shareholding (Post-Issue)

49.83%

P/E Ratio

43.53

50.69

Market Cap

₹5501.30 Cr.

₹3877.04 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Rainbow Children Medicare IPO retail investors (RII) are offered 1,01,03,000 shares while in Syrma IPO retail investors are offered 1,01,03,000 shares. Qualified institutional buyers (QIB) are offered 1,44,33,000 shares in Rainbow Children Medicare IPO and 85,53,777 shares in Syrma IPO.

	Rainbow Children Medicare IPO	Syrma IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,44,33,000 shares	85,53,777 shares
NII	43,30,000 shares	60,03,012 shares
RII	1,01,03,000 shares	1,40,07,027 shares
Employee	3,00,000 shares	0 shares
Others
Total	2,88,66,000 shares	2,85,63,816 shares

Bids Received (Subscription)

Rainbow Children Medicare IPO subscribed 12.43x in total, whereas Syrma IPO subscribed 32.61x.

	Rainbow Children Medicare IPO	Syrma IPO
QIB (times)	38.90x	87.56x
NII (times)	3.73x	17.50x
Big NII (times)		19.01x
Small NII (times)		14.47x
RII (times)	1.38x	5.53x
Employee (times)	0.31x
Other (times)
Total (times)	12.43x	32.61x

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