Ethos Limited IPO vs Venus Pipes & Tubes IPO

Comparision between Ethos Limited IPO and Venus Pipes & Tubes IPO.

IPO Details

Ethos Limited IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Venus Pipes & Tubes IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Ethos Limited IPO	Venus Pipes & Tubes 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	Emkay Global Financial Services Ltd Incred Capital Financial Services Pvt Ltd	Smc Capitals Limited
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
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 Ethos Limited IPO is up to ₹472.29 Cr whereas the issue size of the Venus Pipes & Tubes IPO is up to ₹165.42 Cr. The final issue price of Ethos Limited IPO is ₹878.00 per share and of Venus Pipes & Tubes IPO is ₹326.00 per share.

	Ethos Limited IPO	Venus Pipes & Tubes IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹836.00 per share	₹310.00 per share
Issue Price (Upper)	₹878.00 per share	₹326.00 per share
Issue Price (Final)	₹878.00 per share	₹326.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	17 shares	46 shares
Fresh Issue Size	42,71,071 shares	50,74,100 shares
Fresh Issue Size (Amount)	up to ₹375.00 Cr	up to ₹165.42 Cr
OFS Issue Size	11,08,037 shares
OFS Issue Size (Amount)	up to ₹97.29 Cr
Issue Size Total	53,79,108 shares	50,74,100 shares
Issue Size Total (Amount)	up to ₹472.29 Cr	up to ₹165.42 Cr

IPO Timetable

Ethos Limited IPO opens on May 18, 2022, while Venus Pipes & Tubes IPO opens on May 11, 2022. The closing date of Ethos Limited IPO and Venus Pipes & Tubes IPO is May 20, 2022, and May 13, 2022, respectively.

	Ethos Limited IPO	Venus Pipes & Tubes IPO
Anchor Bid Date
Issue Open	May 18, 2022	May 11, 2022
Issue Close	May 20, 2022	May 13, 2022
Basis Of Allotment (Tentative)	May 25, 2022	May 19, 2022
Initiation of Refunds (Tentative)	May 26, 2022	May 20, 2022
Credit of Share (Tentative)	May 27, 2022	May 23, 2022
Listing date (Tentative)	May 30, 2022	May 24, 2022
Anchor Lockin End date 1	Jun 24, 2022	Jun 18, 2022
Anchor Lockin End date 2	Aug 23, 2022	Aug 17, 2022

Financials

Ethos Limited IPO P/E ratio is 96, as compared to Venus Pipes & Tubes IPO P/E ratio of 21.03.

Ethos Limited IPO

Venus Pipes & Tubes IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (Rs in Lakhs)
	31-Dec-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	49,399.31	39,204.38	42,195.65	36,892.56
Total Revenue	42,934.76	40,314.23	46,100.56	44,509.63
Profit After Tax	1,598.78	578.53	-133.40	988.88

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Million)
	31-Dec-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	2,462.76	1,375.39	1,071.91	791.23
Total Revenue	2,782.80	3,120.31	1,793.22	1,205.06
Profit After Tax	235.95	236.32	41.28	37.50

Promoter Shareholding (Pre-Issue)

81.01%

64.27%

Promoter Shareholding (Post-Issue)

61.65%

48.20%

P/E Ratio

21.03

Market Cap

₹2050.06 Cr.

₹661.65 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Ethos Limited IPO retail investors (RII) are offered 19,57,789 shares while in Venus Pipes & Tubes IPO retail investors are offered 19,57,789 shares. Qualified institutional buyers (QIB) are offered 11,83,115 shares in Ethos Limited IPO and 10,14,864 shares in Venus Pipes & Tubes IPO.

	Ethos Limited IPO	Venus Pipes & Tubes IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	11,83,115 shares	10,14,864 shares
NII	8,39,053 shares	7,61,115 shares
RII	19,57,789 shares	17,75,935 shares
Employee	0 shares	0 shares
Others
Total	39,79,957 shares	35,51,914 shares

Bids Received (Subscription)

Ethos Limited IPO subscribed 1.04x in total, whereas Venus Pipes & Tubes IPO subscribed 16.31x.

	Ethos Limited IPO	Venus Pipes & Tubes IPO
QIB (times)	1.06x	12.02x
NII (times)	1.48x	15.66x
Big NII (times)
Small NII (times)
RII (times)	0.84x	19.04x
Employee (times)
Other (times)
Total (times)	1.04x	16.31x

Compare with others

Ethos Limited IPO	Venus Pipes & Tubes IPO
Paradeep Phosphates IPO	eMudhra IPO
Prudent Corporate Advisory Services IPO	Paradeep Phosphates IPO
Rainbow Children Medicare IPO	Prudent Corporate Advisory Services IPO
Campus Activewear IPO	Rainbow Children Medicare IPO
Venus Pipes & Tubes IPO	Campus Activewear IPO
Hariom Pipe Industries IPO	Ethos Limited IPO
Veranda Learning IPO	Hariom Pipe Industries IPO
Uma Exports IPO	Veranda Learning IPO
LIC IPO	Uma Exports IPO
Manyavar IPO	LIC IPO

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