Five Star Business Finance IPO vs Tamilnad Mercantile Bank IPO

Comparision between Five Star Business Finance IPO and Tamilnad Mercantile Bank IPO.

IPO Details

Five Star Business Finance 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.

	Five Star Business Finance 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	ICICI Securities Limited Edelweiss Financial Services Ltd Kotak Mahindra Capital Company Limited Nomura Financial Advisory And Securities (India) Pvt Ltd	Axis Capital Limited Motilal Oswal Investment Advisors Limited SBI Capital Markets Limited
Registrar	Kfin Technologies Limited	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 Five Star Business Finance IPO is up to ₹1,593.45 Cr whereas the issue size of the Tamilnad Mercantile Bank IPO is up to ₹807.84 Cr. The final issue price of Five Star Business Finance IPO is ₹474.00 per share and of Tamilnad Mercantile Bank IPO is ₹510.00 per share.

	Five Star Business Finance IPO	Tamilnad Mercantile Bank IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)	₹450.00 per share	₹500.00 per share
Issue Price (Upper)	₹474.00 per share	₹525.00 per share
Issue Price (Final)	₹474.00 per share	₹510.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	31 shares	28 shares
Fresh Issue Size		1,58,40,000 shares
Fresh Issue Size (Amount)		up to ₹807.84 Cr
OFS Issue Size	3,36,17,061 shares
OFS Issue Size (Amount)	up to ₹1,593.45 Cr
Issue Size Total	3,36,17,061 shares	1,58,40,000 shares
Issue Size Total (Amount)	up to ₹1,593.45 Cr	up to ₹807.84 Cr

IPO Timetable

Five Star Business Finance IPO opens on Nov 09, 2022, while Tamilnad Mercantile Bank IPO opens on Sep 05, 2022. The closing date of Five Star Business Finance IPO and Tamilnad Mercantile Bank IPO is Nov 11, 2022, and Sep 07, 2022, respectively.

	Five Star Business Finance IPO	Tamilnad Mercantile Bank IPO
Anchor Bid Date
Issue Open	Nov 09, 2022	Sep 05, 2022
Issue Close	Nov 11, 2022	Sep 07, 2022
Basis Of Allotment (Tentative)	Nov 16, 2022	Sep 12, 2022
Initiation of Refunds (Tentative)	Nov 17, 2022	Sep 13, 2022
Credit of Share (Tentative)	Nov 18, 2022	Sep 14, 2022
Listing date (Tentative)	Nov 21, 2022	Sep 15, 2022
Anchor Lockin End date 1	Dec 16, 2022	Oct 12, 2022
Anchor Lockin End date 2	Feb 14, 2023	Dec 11, 2022

Financials

Five Star Business Finance IPO P/E ratio is 24.76, as compared to Tamilnad Mercantile Bank IPO P/E ratio of 9.22.

Five Star Business Finance IPO

Tamilnad Mercantile Bank IPO

Financial

Five Star Business Finance Ltd Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	4353.15	787.35	261.95	1944.58	2363.69
31-Mar-21	5793.61	1051.26	358.99	2318.17	3425.2
30-Jun-21	6129.1	300.76	101.57	2944.41	3121.22
31-Mar-22	6343.07	1256.17	453.54	3710.35	2558.83
30-Jun-22	6471.55	339.06	139.43	3856.98	2520.32
Amount in ₹ Crore

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)

40.07%

Promoter Shareholding (Post-Issue)

33.65%

P/E Ratio

24.76

9.22

Market Cap

₹13810.75 Cr.

₹8313.45 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Five Star Business Finance IPO retail investors (RII) are offered 1,52,44,484 shares while in Tamilnad Mercantile Bank IPO retail investors are offered 1,52,44,484 shares. Qualified institutional buyers (QIB) are offered 87,11,132 shares in Five Star Business Finance IPO and 47,52,000 shares in Tamilnad Mercantile Bank IPO.

	Five Star Business Finance IPO	Tamilnad Mercantile Bank IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	87,11,132 shares	47,52,000 shares
NII	65,33,350 shares	23,76,000 shares
RII	1,52,44,484 shares	15,84,000 shares
Employee	0 shares	0 shares
Others
Total	3,04,88,966 shares	87,12,000 shares

Bids Received (Subscription)

Five Star Business Finance IPO subscribed 0.70x in total, whereas Tamilnad Mercantile Bank IPO subscribed 2.86x.

	Five Star Business Finance IPO	Tamilnad Mercantile Bank IPO
QIB (times)	1.77x	1.62x
NII (times)	0.61x	2.94x
Big NII (times)	0.78x	3.10x
Small NII (times)	0.28x	2.63x
RII (times)	0.11x	6.48x
Employee (times)
Other (times)
Total (times)	0.70x	2.86x

Compare with others

Five Star Business Finance IPO	Tamilnad Mercantile Bank IPO
Inox Green Energy IPO	Five Star Business Finance IPO
Archean Chemical IPO	Uniparts India IPO
Bikaji Foods IPO	Kaynes Technology IPO
Fusion Micro Finance IPO	Electronics Mart India IPO
Global Health IPO	DCX Systems IPO
Uniparts India IPO	Harsha Engineers IPO
Kaynes Technology IPO	Dreamfolks Services IPO
Electronics Mart India IPO	Syrma IPO
DCX Systems IPO	Aether Industries IPO
Tamilnad Mercantile Bank IPO	eMudhra IPO

Comments

Add a public comment...