Harsha Engineers IPO vs Syrma IPO

Comparision between Harsha Engineers IPO and Syrma IPO.

IPO Details

Harsha Engineers 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.

	Harsha Engineers 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	Axis Capital Limited Equirus Capital Private Limited Jm Financial Limited	Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) ICICI Securities Limited Iifl Securities Ltd
Registrar	Link Intime India Private Ltd	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 Harsha Engineers IPO is up to ₹755.00 Cr whereas the issue size of the Syrma IPO is up to ₹840.00 Cr. The final issue price of Harsha Engineers IPO is ₹330.00 per share and of Syrma IPO is ₹220.00 per share.

	Harsha Engineers IPO	Syrma IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹314.00 per share	₹209.00 per share
Issue Price (Upper)	₹330.00 per share	₹220.00 per share
Issue Price (Final)	₹330.00 per share	₹220.00 per share
Discount (Retail)
Discount (Employee)	₹31.00 per share
Market Lot Size	45 shares	68 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹455.00 Cr	up to ₹766.00 Cr
OFS Issue Size		33,69,360 shares
OFS Issue Size (Amount)	up to ₹300.00 Cr
Issue Size Total
Issue Size Total (Amount)	up to ₹755.00 Cr	up to ₹840.00 Cr

IPO Timetable

Harsha Engineers IPO opens on Sep 14, 2022, while Syrma IPO opens on Aug 12, 2022. The closing date of Harsha Engineers IPO and Syrma IPO is Sep 16, 2022, and Aug 18, 2022, respectively.

	Harsha Engineers IPO	Syrma IPO
Anchor Bid Date
Issue Open	Sep 14, 2022	Aug 12, 2022
Issue Close	Sep 16, 2022	Aug 18, 2022
Basis Of Allotment (Tentative)	Sep 21, 2022	Aug 23, 2022
Initiation of Refunds (Tentative)	Sep 22, 2022	Aug 24, 2022
Credit of Share (Tentative)	Sep 23, 2022	Aug 25, 2022
Listing date (Tentative)	Sep 26, 2022	Aug 26, 2022
Anchor Lockin End date 1	Oct 21, 2022	Sep 22, 2022
Anchor Lockin End date 2	Dec 20, 2022	Nov 21, 2022

Financials

Harsha Engineers IPO P/E ratio is 32.67, as compared to Syrma IPO P/E ratio of 50.69.

Harsha Engineers IPO

Syrma IPO

Financial

Harsha Engineers International Ltd Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth
31-Mar-19	195	117.9	-27.41	1.41
31-Mar-20	973.24	899.5	21.91	378.02
31-Mar-21	981.07	876.73	45.44	433.22
31-Mar-22	1158.25	1339	91.94	527.9
Amount in ₹ Crore

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)

99.70%

Promoter Shareholding (Post-Issue)

74.6

P/E Ratio

32.67

50.69

Market Cap

₹3004.20 Cr.

₹3877.04 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Harsha Engineers IPO retail investors (RII) are offered 83,87,730 shares while in Syrma IPO retail investors are offered 83,87,730 shares. Qualified institutional buyers (QIB) are offered 47,92,950 shares in Harsha Engineers IPO and 85,53,777 shares in Syrma IPO.

	Harsha Engineers IPO	Syrma IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	47,92,950 shares	85,53,777 shares
NII	35,94,780 shares	60,03,012 shares
RII	83,87,730 shares	1,40,07,027 shares
Employee	88,335 shares	0 shares
Others
Total	1,68,63,795 shares	2,85,63,816 shares

Bids Received (Subscription)

Harsha Engineers IPO subscribed 74.70x in total, whereas Syrma IPO subscribed 32.61x.

	Harsha Engineers IPO	Syrma IPO
QIB (times)	178.26x	87.56x
NII (times)	71.32x	17.50x
Big NII (times)	74.78x	19.01x
Small NII (times)	64.41x	14.47x
RII (times)	17.63x	5.53x
Employee (times)	12.07x
Other (times)
Total (times)	74.70x	32.61x

Compare with others

Harsha Engineers IPO	Syrma IPO
Uniparts India IPO	Electronics Mart India IPO
Kaynes Technology IPO	DCX Systems IPO
Electronics Mart India IPO	Tamilnad Mercantile Bank IPO
DCX Systems IPO	Harsha Engineers IPO
Tamilnad Mercantile Bank IPO	Dreamfolks Services IPO
Dreamfolks Services IPO	Aether Industries IPO
Syrma IPO	eMudhra IPO
Aether Industries IPO	Paradeep Phosphates IPO
eMudhra IPO	Prudent Corporate Advisory Services IPO
Paradeep Phosphates IPO	Rainbow Children Medicare IPO

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