Paradeep Phosphates IPO vs Syrma IPO

Comparision between Paradeep Phosphates IPO and Syrma IPO.

IPO Details

Paradeep Phosphates 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.

	Paradeep Phosphates 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 ICICI Securities Limited Jm Financial Limited SBI Capital Markets 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 Paradeep Phosphates IPO is up to ₹1,501.73 Cr whereas the issue size of the Syrma IPO is up to ₹840.00 Cr. The final issue price of Paradeep Phosphates IPO is ₹42.00 per share and of Syrma IPO is ₹220.00 per share.

	Paradeep Phosphates IPO	Syrma IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹39.00 per share	₹209.00 per share
Issue Price (Upper)	₹42.00 per share	₹220.00 per share
Issue Price (Final)	₹42.00 per share	₹220.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	350 shares	68 shares
Fresh Issue Size	23,90,47,619 shares
Fresh Issue Size (Amount)	up to ₹1,004.00 Cr	up to ₹766.00 Cr
OFS Issue Size	11,85,07,493 shares	33,69,360 shares
OFS Issue Size (Amount)	up to ₹497.73 Cr
Issue Size Total	35,75,55,112 shares
Issue Size Total (Amount)	up to ₹1,501.73 Cr	up to ₹840.00 Cr

IPO Timetable

Paradeep Phosphates IPO opens on May 17, 2022, while Syrma IPO opens on Aug 12, 2022. The closing date of Paradeep Phosphates IPO and Syrma IPO is May 19, 2022, and Aug 18, 2022, respectively.

	Paradeep Phosphates IPO	Syrma IPO
Anchor Bid Date
Issue Open	May 17, 2022	Aug 12, 2022
Issue Close	May 19, 2022	Aug 18, 2022
Basis Of Allotment (Tentative)	May 24, 2022	Aug 23, 2022
Initiation of Refunds (Tentative)	May 25, 2022	Aug 24, 2022
Credit of Share (Tentative)	May 26, 2022	Aug 25, 2022
Listing date (Tentative)	May 27, 2022	Aug 26, 2022
Anchor Lockin End date 1	Jun 23, 2022	Sep 22, 2022
Anchor Lockin End date 2	Aug 22, 2022	Nov 21, 2022

Financials

Paradeep Phosphates IPO P/E ratio is 7.07, as compared to Syrma IPO P/E ratio of 50.69.

Paradeep Phosphates IPO

Syrma IPO

Financial

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	71,862.67	44,231.67	50,103.25	56,276.58
Total Revenue	59,736.88	51,839.41	42,277.76	43,972.13
Profit After Tax	3,627.84	2,232.68	1,932.20	1,589.63

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)

100%

Promoter Shareholding (Post-Issue)

P/E Ratio

7.07

50.69

Market Cap

₹3420.89 Cr.

₹3877.04 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Paradeep Phosphates IPO retail investors (RII) are offered 13,15,80,187 shares while in Syrma IPO retail investors are offered 13,15,80,187 shares. Qualified institutional buyers (QIB) are offered 8,07,05,162 shares in Paradeep Phosphates IPO and 85,53,777 shares in Syrma IPO.

	Paradeep Phosphates IPO	Syrma IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	8,07,05,162 shares	85,53,777 shares
NII	5,63,91,509 shares	60,03,012 shares
RII	13,15,80,187 shares	1,40,07,027 shares
Employee		0 shares
Others
Total	26,86,76,858 shares	2,85,63,816 shares

Bids Received (Subscription)

Paradeep Phosphates IPO subscribed 1.75x in total, whereas Syrma IPO subscribed 32.61x.

	Paradeep Phosphates IPO	Syrma IPO
QIB (times)	3.01x	87.56x
NII (times)	0.82x	17.50x
Big NII (times)		19.01x
Small NII (times)		14.47x
RII (times)	1.37x	5.53x
Employee (times)
Other (times)
Total (times)	1.75x	32.61x

Compare with others

Paradeep Phosphates IPO	Syrma IPO
Harsha Engineers IPO	Electronics Mart India IPO
Dreamfolks Services IPO	DCX Systems IPO
Syrma IPO	Tamilnad Mercantile Bank IPO
Aether Industries IPO	Harsha Engineers IPO
eMudhra IPO	Dreamfolks Services IPO
Prudent Corporate Advisory Services IPO	Aether Industries IPO
Rainbow Children Medicare IPO	eMudhra IPO
Campus Activewear IPO	Paradeep Phosphates IPO
Venus Pipes & Tubes IPO	Prudent Corporate Advisory Services IPO
Ethos Limited IPO	Rainbow Children Medicare IPO

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