Ethos Limited IPO vs Veranda Learning IPO

Comparision between Ethos Limited IPO and Veranda Learning IPO.

IPO Details

Ethos Limited IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Veranda Learning IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Ethos Limited IPO	Veranda Learning 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	Systematix Corporate Services Limited
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
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 Veranda Learning IPO is up to ₹200.00 Cr. The final issue price of Ethos Limited IPO is ₹878.00 per share and of Veranda Learning IPO is ₹137.00 per share.

	Ethos Limited IPO	Veranda Learning IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹836.00 per share	₹130.00 per share
Issue Price (Upper)	₹878.00 per share	₹137.00 per share
Issue Price (Final)	₹878.00 per share	₹137.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	17 shares	100 shares
Fresh Issue Size	42,71,071 shares
Fresh Issue Size (Amount)	up to ₹375.00 Cr	up to ₹200.00 Cr
OFS Issue Size	11,08,037 shares
OFS Issue Size (Amount)	up to ₹97.29 Cr
Issue Size Total	53,79,108 shares
Issue Size Total (Amount)	up to ₹472.29 Cr	up to ₹200.00 Cr

IPO Timetable

Ethos Limited IPO opens on May 18, 2022, while Veranda Learning IPO opens on Mar 29, 2022. The closing date of Ethos Limited IPO and Veranda Learning IPO is May 20, 2022, and Mar 31, 2022, respectively.

	Ethos Limited IPO	Veranda Learning IPO
Anchor Bid Date
Issue Open	May 18, 2022	Mar 29, 2022
Issue Close	May 20, 2022	Mar 31, 2022
Basis Of Allotment (Tentative)	May 25, 2022	Apr 05, 2022
Initiation of Refunds (Tentative)	May 26, 2022	Apr 06, 2022
Credit of Share (Tentative)	May 27, 2022	Apr 06, 2022
Listing date (Tentative)	May 30, 2022	Apr 11, 2022
Anchor Lockin End date 1	Jun 24, 2022	May 05, 2022
Anchor Lockin End date 2	Aug 23, 2022	Jul 04, 2022

Financials

Ethos Limited IPO P/E ratio is 96, as compared to Veranda Learning IPO P/E ratio of .

Ethos Limited IPO

Veranda Learning 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 Consolidated)
Particulars	For the year/period ended (Rs in Millions)
	30-Sep-21	31-Mar-21
Total Assets	3,073.65	115.19
Total Revenue	156.61	25.45
Profit After Tax	(182.69)	(82.79)

Promoter Shareholding (Pre-Issue)

81.01%

89.22%

Promoter Shareholding (Post-Issue)

61.65%

65.87%

P/E Ratio

Market Cap

₹2050.06 Cr.

₹764.12 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 Veranda Learning IPO retail investors are offered 19,57,789 shares. Qualified institutional buyers (QIB) are offered 11,83,115 shares in Ethos Limited IPO and 43,79,562 shares in Veranda Learning IPO.

	Ethos Limited IPO	Veranda Learning IPO
Anchor Investor Reserveration		65,69,343 shares
Market Maker Reserveration
QIB	11,83,115 shares	43,79,562 shares
NII	8,39,053 shares	21,89,781 shares
RII	19,57,789 shares	14,59,854 shares
Employee	0 shares
Others
Total	39,79,957 shares	1,45,98,540 shares

Bids Received (Subscription)

Ethos Limited IPO subscribed 1.04x in total, whereas Veranda Learning IPO subscribed 3.53x.

	Ethos Limited IPO	Veranda Learning IPO
QIB (times)	1.06x	2.02x
NII (times)	1.48x	3.87x
Big NII (times)
Small NII (times)
RII (times)	0.84x	10.76x
Employee (times)
Other (times)
Total (times)	1.04x	3.53x

Compare with others

Ethos Limited IPO	Veranda Learning 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	Ethos Limited IPO
Venus Pipes & Tubes IPO	Hariom Pipe Industries IPO
Hariom Pipe Industries IPO	Uma Exports IPO
Veranda Learning IPO	LIC IPO
Uma Exports IPO	Manyavar IPO
LIC IPO	Delhivery IPO
Manyavar IPO	AGS Transact IPO

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