DCX Systems IPO vs Tamilnad Mercantile Bank IPO

Comparision between DCX Systems IPO and Tamilnad Mercantile Bank IPO.

IPO Details

DCX Systems 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.

	DCX Systems 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	Edelweiss Financial Services Ltd Axis Capital Limited Saffron Capital Advisors Private Limited	Axis Capital Limited Motilal Oswal Investment Advisors Limited SBI Capital Markets 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 DCX Systems IPO is up to ₹500.00 Cr whereas the issue size of the Tamilnad Mercantile Bank IPO is up to ₹807.84 Cr. The final issue price of DCX Systems IPO is ₹207.00 per share and of Tamilnad Mercantile Bank IPO is ₹510.00 per share.

	DCX Systems IPO	Tamilnad Mercantile Bank IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹197.00 per share	₹500.00 per share
Issue Price (Upper)	₹207.00 per share	₹525.00 per share
Issue Price (Final)	₹207.00 per share	₹510.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	72 shares	28 shares
Fresh Issue Size		1,58,40,000 shares
Fresh Issue Size (Amount)	up to ₹400.00 Cr	up to ₹807.84 Cr
OFS Issue Size
OFS Issue Size (Amount)	up to ₹100.00 Cr
Issue Size Total		1,58,40,000 shares
Issue Size Total (Amount)	up to ₹500.00 Cr	up to ₹807.84 Cr

IPO Timetable

DCX Systems IPO opens on Oct 31, 2022, while Tamilnad Mercantile Bank IPO opens on Sep 05, 2022. The closing date of DCX Systems IPO and Tamilnad Mercantile Bank IPO is Nov 02, 2022, and Sep 07, 2022, respectively.

	DCX Systems IPO	Tamilnad Mercantile Bank IPO
Anchor Bid Date
Issue Open	Oct 31, 2022	Sep 05, 2022
Issue Close	Nov 02, 2022	Sep 07, 2022
Basis Of Allotment (Tentative)	Nov 07, 2022	Sep 12, 2022
Initiation of Refunds (Tentative)	Nov 09, 2022	Sep 13, 2022
Credit of Share (Tentative)	Nov 10, 2022	Sep 14, 2022
Listing date (Tentative)	Nov 11, 2022	Sep 15, 2022
Anchor Lockin End date 1	Dec 07, 2022	Oct 12, 2022
Anchor Lockin End date 2	Feb 05, 2023	Dec 11, 2022

Financials

DCX Systems IPO P/E ratio is 90, as compared to Tamilnad Mercantile Bank IPO P/E ratio of 9.22.

DCX Systems IPO

Tamilnad Mercantile Bank IPO

Financial

DCX Systems Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Total Borrowing
31-Mar-20	698.85	465.23	9.74	133.98
31-Mar-21	793.18	683.24	29.56	136.38
30-Jun-21	763.41	128.69	3.34	112.62
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)

98.20%

Promoter Shareholding (Post-Issue)

73.58%

P/E Ratio

9.22

Market Cap

₹2002.18 Cr.

₹8313.45 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the DCX Systems IPO retail investors (RII) are offered 25,38,071 shares while in Tamilnad Mercantile Bank IPO retail investors are offered 25,38,071 shares. Qualified institutional buyers (QIB) are offered 81,65,969 shares in DCX Systems IPO and 47,52,000 shares in Tamilnad Mercantile Bank IPO.

	DCX Systems IPO	Tamilnad Mercantile Bank IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	81,65,969 shares	47,52,000 shares
NII	38,07,106 shares	23,76,000 shares
RII	25,38,071 shares	15,84,000 shares
Employee	0 shares	0 shares
Others
Total	1,45,11,146 shares	87,12,000 shares

Bids Received (Subscription)

DCX Systems IPO subscribed 69.79x in total, whereas Tamilnad Mercantile Bank IPO subscribed 2.86x.

	DCX Systems IPO	Tamilnad Mercantile Bank IPO
QIB (times)	84.32x	1.62x
NII (times)	43.97x	2.94x
Big NII (times)	45.44x	3.10x
Small NII (times)	41.05x	2.63x
RII (times)	61.77x	6.48x
Employee (times)
Other (times)
Total (times)	69.79x	2.86x

Compare with others

DCX Systems IPO	Tamilnad Mercantile Bank IPO
Global Health IPO	Five Star Business Finance IPO
Five Star Business Finance IPO	Uniparts India IPO
Uniparts India IPO	Kaynes Technology IPO
Kaynes Technology IPO	Electronics Mart India IPO
Electronics Mart India IPO	DCX Systems IPO
Tamilnad Mercantile Bank IPO	Harsha Engineers IPO
Harsha Engineers IPO	Dreamfolks Services IPO
Dreamfolks Services IPO	Syrma IPO
Syrma IPO	Aether Industries IPO
Aether Industries IPO	eMudhra IPO

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