Tamilnad Mercantile Bank IPO vs Uniparts India IPO

Comparision between Tamilnad Mercantile Bank IPO and Uniparts India IPO.

IPO Details

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

	Tamilnad Mercantile Bank IPO	Uniparts India 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 Motilal Oswal Investment Advisors Limited SBI Capital Markets Limited	Axis Capital Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Jm Financial 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 Tamilnad Mercantile Bank IPO is up to ₹807.84 Cr whereas the issue size of the Uniparts India IPO is up to ₹835.61 Cr. The final issue price of Tamilnad Mercantile Bank IPO is ₹510.00 per share and of Uniparts India IPO is ₹577.00 per share.

	Tamilnad Mercantile Bank IPO	Uniparts India IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹500.00 per share	₹548.00 per share
Issue Price (Upper)	₹525.00 per share	₹577.00 per share
Issue Price (Final)	₹510.00 per share	₹577.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	28 shares	25 shares
Fresh Issue Size	1,58,40,000 shares
Fresh Issue Size (Amount)	up to ₹807.84 Cr
OFS Issue Size		1,44,81,942 shares
OFS Issue Size (Amount)		up to ₹835.61 Cr
Issue Size Total	1,58,40,000 shares	1,44,81,942 shares
Issue Size Total (Amount)	up to ₹807.84 Cr	up to ₹835.61 Cr

IPO Timetable

Tamilnad Mercantile Bank IPO opens on Sep 05, 2022, while Uniparts India IPO opens on Nov 30, 2022. The closing date of Tamilnad Mercantile Bank IPO and Uniparts India IPO is Sep 07, 2022, and Dec 02, 2022, respectively.

	Tamilnad Mercantile Bank IPO	Uniparts India IPO
Anchor Bid Date
Issue Open	Sep 05, 2022	Nov 30, 2022
Issue Close	Sep 07, 2022	Dec 02, 2022
Basis Of Allotment (Tentative)	Sep 12, 2022	Dec 07, 2022
Initiation of Refunds (Tentative)	Sep 13, 2022	Dec 08, 2022
Credit of Share (Tentative)	Sep 14, 2022	Dec 09, 2022
Listing date (Tentative)	Sep 15, 2022	Dec 12, 2022
Anchor Lockin End date 1	Oct 12, 2022	Jan 06, 2023
Anchor Lockin End date 2	Dec 11, 2022	Mar 07, 2023

Financials

Tamilnad Mercantile Bank IPO P/E ratio is 9.22, as compared to Uniparts India IPO P/E ratio of 12.89.

Tamilnad Mercantile Bank IPO

Uniparts India IPO

Financial

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

Uniparts India Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-19	958.44	1062.48	69.6	421.98	345.63
31-Mar-20	898.75	938.84	62.64	464.16	256.5
31-Mar-21	893.27	947.69	93.15	560.14	127.78
31-Mar-22	1031.18	1231.04	166.89	685.24	127.27
30-Jun-22	1063.51	347.76	50.52	713.93	114.66
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

75.54%

Promoter Shareholding (Post-Issue)

65.79%

P/E Ratio

9.22

12.89

Market Cap

₹8313.45 Cr.

₹2604.22 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Tamilnad Mercantile Bank IPO retail investors (RII) are offered 15,84,000 shares while in Uniparts India IPO retail investors are offered 15,84,000 shares. Qualified institutional buyers (QIB) are offered 47,52,000 shares in Tamilnad Mercantile Bank IPO and 28,96,388 shares in Uniparts India IPO.

	Tamilnad Mercantile Bank IPO	Uniparts India IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	47,52,000 shares	28,96,388 shares
NII	23,76,000 shares	21,72,292 shares
RII	15,84,000 shares	50,68,680 shares
Employee	0 shares	0 shares
Others
Total	87,12,000 shares	1,01,37,360 shares

Bids Received (Subscription)

Tamilnad Mercantile Bank IPO subscribed 2.86x in total, whereas Uniparts India IPO subscribed 25.32x.

	Tamilnad Mercantile Bank IPO	Uniparts India IPO
QIB (times)	1.62x	67.14x
NII (times)	2.94x	17.86x
Big NII (times)	3.10x	19.46x
Small NII (times)	2.63x	14.66x
RII (times)	6.48x	4.63x
Employee (times)
Other (times)
Total (times)	2.86x	25.32x

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