Aether Industries IPO vs Harsha Engineers IPO

Comparision between Aether Industries IPO and Harsha Engineers IPO.

IPO Details

Aether Industries IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Harsha Engineers IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Aether Industries IPO	Harsha Engineers 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	Hdfc Bank Limited Kotak Mahindra Capital Company Limited	Axis Capital Limited Equirus Capital Private Limited 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 Aether Industries IPO is up to ₹808.04 Cr whereas the issue size of the Harsha Engineers IPO is up to ₹755.00 Cr. The final issue price of Aether Industries IPO is ₹642.00 per share and of Harsha Engineers IPO is ₹330.00 per share.

	Aether Industries IPO	Harsha Engineers IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹610.00 per share	₹314.00 per share
Issue Price (Upper)	₹642.00 per share	₹330.00 per share
Issue Price (Final)	₹642.00 per share	₹330.00 per share
Discount (Retail)
Discount (Employee)		₹31.00 per share
Market Lot Size	23 shares	45 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹627.00 Cr	up to ₹455.00 Cr
OFS Issue Size	28,20,000 shares
OFS Issue Size (Amount)	up to ₹181.04 Cr	up to ₹300.00 Cr
Issue Size Total
Issue Size Total (Amount)	up to ₹808.04 Cr	up to ₹755.00 Cr

IPO Timetable

Aether Industries IPO opens on May 24, 2022, while Harsha Engineers IPO opens on Sep 14, 2022. The closing date of Aether Industries IPO and Harsha Engineers IPO is May 26, 2022, and Sep 16, 2022, respectively.

	Aether Industries IPO	Harsha Engineers IPO
Anchor Bid Date
Issue Open	May 24, 2022	Sep 14, 2022
Issue Close	May 26, 2022	Sep 16, 2022
Basis Of Allotment (Tentative)	May 31, 2022	Sep 21, 2022
Initiation of Refunds (Tentative)	Jun 01, 2022	Sep 22, 2022
Credit of Share (Tentative)	Jun 02, 2022	Sep 23, 2022
Listing date (Tentative)	Jun 03, 2022	Sep 26, 2022
Anchor Lockin End date 1	Jun 30, 2022	Oct 21, 2022
Anchor Lockin End date 2	Aug 29, 2022	Dec 20, 2022

Financials

Aether Industries IPO P/E ratio is 72.3, as compared to Harsha Engineers IPO P/E ratio of 32.67.

Aether Industries IPO

Harsha Engineers IPO

Financial

Aether Industries Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax
31-Mar-19	206.68	203.28	23.34
31-Mar-20	300.47	303.78	39.96
31-Mar-21	452.94	453.79	71.12
31-Dec-21	709.56	449.32	82.9
Amount in ₹ Crore

Harsha Engineers International Ltd Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth
31-Mar-19	195	117.9	-27.41	1.41
31-Mar-20	973.24	899.5	21.91	378.02
31-Mar-21	981.07	876.73	45.44	433.22
31-Mar-22	1158.25	1339	91.94	527.9
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

96.96%

99.70%

Promoter Shareholding (Post-Issue)

87.09%

74.6

P/E Ratio

72.3

32.67

Market Cap

₹7991.79 Cr.

₹3004.20 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Aether Industries IPO retail investors (RII) are offered 45,43,517 shares while in Harsha Engineers IPO retail investors are offered 45,43,517 shares. Qualified institutional buyers (QIB) are offered 27,48,241 shares in Aether Industries IPO and 47,92,950 shares in Harsha Engineers IPO.

	Aether Industries IPO	Harsha Engineers IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	27,48,241 shares	47,92,950 shares
NII	19,47,222 shares	35,94,780 shares
RII	45,43,517 shares	83,87,730 shares
Employee	1,17,213 shares	88,335 shares
Others
Total	93,56,193 shares	1,68,63,795 shares

Bids Received (Subscription)

Aether Industries IPO subscribed 6.26x in total, whereas Harsha Engineers IPO subscribed 74.70x.

	Aether Industries IPO	Harsha Engineers IPO
QIB (times)	17.57x	178.26x
NII (times)	2.52x	71.32x
Big NII (times)		74.78x
Small NII (times)		64.41x
RII (times)	1.14x	17.63x
Employee (times)	1.06x	12.07x
Other (times)
Total (times)	6.26x	74.70x

Compare with others

Aether Industries IPO	Harsha Engineers IPO
DCX Systems IPO	Uniparts India IPO
Tamilnad Mercantile Bank IPO	Kaynes Technology IPO
Harsha Engineers IPO	Electronics Mart India IPO
Dreamfolks Services IPO	DCX Systems IPO
Syrma IPO	Tamilnad Mercantile Bank IPO
eMudhra IPO	Dreamfolks Services IPO
Paradeep Phosphates IPO	Syrma IPO
Prudent Corporate Advisory Services IPO	Aether Industries IPO
Rainbow Children Medicare IPO	eMudhra IPO
Campus Activewear IPO	Paradeep Phosphates IPO

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