eMudhra IPO vs Tamilnad Mercantile Bank IPO

Comparision between eMudhra IPO and Tamilnad Mercantile Bank IPO.

IPO Details

eMudhra IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Tamilnad Mercantile Bank IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	eMudhra IPO	Tamilnad Mercantile Bank 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	Iifl Securities Ltd Yes Securities (India) Limited Indorient Financial Services Ltd	Axis Capital Limited Motilal Oswal Investment Advisors Limited SBI Capital Markets Limited
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 eMudhra IPO is up to ₹412.79 Cr whereas the issue size of the Tamilnad Mercantile Bank IPO is up to ₹807.84 Cr. The final issue price of eMudhra IPO is ₹256.00 per share and of Tamilnad Mercantile Bank IPO is ₹510.00 per share.

	eMudhra IPO	Tamilnad Mercantile Bank IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹243.00 per share	₹500.00 per share
Issue Price (Upper)	₹256.00 per share	₹525.00 per share
Issue Price (Final)	₹256.00 per share	₹510.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	58 shares	28 shares
Fresh Issue Size		1,58,40,000 shares
Fresh Issue Size (Amount)	up to ₹161.00 Cr	up to ₹807.84 Cr
OFS Issue Size	98,35,394 shares
OFS Issue Size (Amount)	up to ₹251.79 Cr
Issue Size Total		1,58,40,000 shares
Issue Size Total (Amount)	up to ₹412.79 Cr	up to ₹807.84 Cr

IPO Timetable

eMudhra IPO opens on May 20, 2022, while Tamilnad Mercantile Bank IPO opens on Sep 05, 2022. The closing date of eMudhra IPO and Tamilnad Mercantile Bank IPO is May 24, 2022, and Sep 07, 2022, respectively.

	eMudhra IPO	Tamilnad Mercantile Bank IPO
Anchor Bid Date
Issue Open	May 20, 2022	Sep 05, 2022
Issue Close	May 24, 2022	Sep 07, 2022
Basis Of Allotment (Tentative)	May 27, 2022	Sep 12, 2022
Initiation of Refunds (Tentative)	May 30, 2022	Sep 13, 2022
Credit of Share (Tentative)	May 31, 2022	Sep 14, 2022
Listing date (Tentative)	Jun 01, 2022	Sep 15, 2022
Anchor Lockin End date 1	Jun 26, 2022	Oct 12, 2022
Anchor Lockin End date 2	Aug 25, 2022	Dec 11, 2022

Financials

eMudhra IPO P/E ratio is 49.42, as compared to Tamilnad Mercantile Bank IPO P/E ratio of 9.22.

eMudhra IPO

Tamilnad Mercantile Bank IPO

Financial

Summary of financial Information (Restated Consolidated Statement)
Particulars	For the year/period ended (Rs in millions)
	31-Dec-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	2,541.11	1,919.14	1,587.11	1,195.15
Total Revenue	1,383.04	1,324.54	1,167.99	1,016.80
Profit After Tax	303.40	253.59	184.16	174.36

Tamilnad Mercantile Bank Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	42758.8	3992.53	464.89	3979.65	3837.14
31-Mar-21	47527.17	4253.4	654.04	4579.98	4437.47
31-Mar-22	52858.49	4656.44	901.9	5335.71	5193.2
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

79.19%

Promoter Shareholding (Post-Issue)

61.03%

P/E Ratio

49.42

9.22

Market Cap

₹1998.65 Cr.

₹8313.45 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the eMudhra IPO retail investors (RII) are offered 57,61,318 shares while in Tamilnad Mercantile Bank IPO retail investors are offered 57,61,318 shares. Qualified institutional buyers (QIB) are offered 31,34,329 shares in eMudhra IPO and 47,52,000 shares in Tamilnad Mercantile Bank IPO.

	eMudhra IPO	Tamilnad Mercantile Bank IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	31,34,329 shares	47,52,000 shares
NII	24,69,137 shares	23,76,000 shares
RII	57,61,318 shares	15,84,000 shares
Employee	0 shares	0 shares
Others
Total	1,13,64,784 shares	87,12,000 shares

Bids Received (Subscription)

eMudhra IPO subscribed 2.72x in total, whereas Tamilnad Mercantile Bank IPO subscribed 2.86x.

	eMudhra IPO	Tamilnad Mercantile Bank IPO
QIB (times)	4.05x	1.62x
NII (times)	1.28x	2.94x
Big NII (times)		3.10x
Small NII (times)		2.63x
RII (times)	2.61x	6.48x
Employee (times)
Other (times)
Total (times)	2.72x	2.86x

Compare with others

eMudhra IPO	Tamilnad Mercantile Bank IPO
Tamilnad Mercantile Bank IPO	Five Star Business Finance IPO
Harsha Engineers IPO	Uniparts India IPO
Dreamfolks Services IPO	Kaynes Technology IPO
Syrma IPO	Electronics Mart India IPO
Aether Industries IPO	DCX Systems IPO
Paradeep Phosphates IPO	Harsha Engineers IPO
Prudent Corporate Advisory Services IPO	Dreamfolks Services IPO
Rainbow Children Medicare IPO	Syrma IPO
Campus Activewear IPO	Aether Industries IPO
Venus Pipes & Tubes IPO	eMudhra IPO

Comments

Add a public comment...