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Electronics Mart India IPO vs Tamilnad Mercantile Bank IPO

Comparision between Electronics Mart India IPO and Tamilnad Mercantile Bank IPO.

IPO Details

Electronics Mart India 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.

Issue Size and Price

The total issue size of Electronics Mart India 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 Electronics Mart India IPO is ₹59.00 per share and of Tamilnad Mercantile Bank IPO is ₹510.00 per share.

  Electronics Mart India IPO Tamilnad Mercantile Bank IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹56.00 per share ₹500.00 per share
Issue Price (Upper) ₹59.00 per share ₹525.00 per share
Issue Price (Final) ₹59.00 per share ₹510.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 254 shares 28 shares
Fresh Issue Size 1,58,40,000 shares
Fresh Issue Size (Amount) up to ₹807.84 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 1,58,40,000 shares
Issue Size Total (Amount) up to ₹500.00 Cr up to ₹807.84 Cr

IPO Timetable

Electronics Mart India IPO opens on Oct 04, 2022, while Tamilnad Mercantile Bank IPO opens on Sep 05, 2022. The closing date of Electronics Mart India IPO and Tamilnad Mercantile Bank IPO is Oct 07, 2022, and Sep 07, 2022, respectively.

  Electronics Mart India IPO Tamilnad Mercantile Bank IPO
Anchor Bid Date
Issue Open Oct 04, 2022 Sep 05, 2022
Issue Close Oct 07, 2022 Sep 07, 2022
Basis Of Allotment (Tentative) Oct 12, 2022 Sep 12, 2022
Initiation of Refunds (Tentative) Oct 13, 2022 Sep 13, 2022
Credit of Share (Tentative) Oct 14, 2022 Sep 14, 2022
Listing date (Tentative) Oct 17, 2022 Sep 15, 2022
Anchor Lockin End date 1 Nov 11, 2022 Oct 12, 2022
Anchor Lockin End date 2 Jan 10, 2023 Dec 11, 2022

Financials

Electronics Mart India IPO P/E ratio is 13.95, as compared to Tamilnad Mercantile Bank IPO P/E ratio of 9.22.

  Electronics Mart India IPO Tamilnad Mercantile Bank IPO
Financial
Electronics Mart India Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-191109.152826.177.1340.5377.06
31-Mar-201347.63179.0281.61433.08520.54
31-Mar-211523.533207.3758.62491.92547.95
31-Mar-221824.744353.07103.89596.51593.64
30-Jun-221755.581410.2540.66637.97475.91
Amount in ₹ Crore
Tamilnad Mercantile Bank Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-2042758.83992.53464.893979.653837.14
31-Mar-2147527.174253.4654.044579.984437.47
31-Mar-2252858.494656.44901.95335.715193.2
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 100%
Promoter Shareholding (Post-Issue) 77.97%
P/E Ratio 13.95 9.22
Market Cap ₹2270.02 Cr. ₹8313.45 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Electronics Mart India IPO retail investors (RII) are offered 3,12,50,000 shares while in Tamilnad Mercantile Bank IPO retail investors are offered 3,12,50,000 shares. Qualified institutional buyers (QIB) are offered 1,78,57,142 shares in Electronics Mart India IPO and 47,52,000 shares in Tamilnad Mercantile Bank IPO.

  Electronics Mart India IPO Tamilnad Mercantile Bank IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB 1,78,57,142 shares 47,52,000 shares
NII 1,33,92,858 shares 23,76,000 shares
RII 3,12,50,000 shares 15,84,000 shares
Employee 0 shares 0 shares
Others
Total 6,25,00,000 shares 87,12,000 shares

Bids Received (Subscription)

Electronics Mart India IPO subscribed 71.93x in total, whereas Tamilnad Mercantile Bank IPO subscribed 2.86x.

  Electronics Mart India IPO Tamilnad Mercantile Bank IPO
QIB (times) 169.54x 1.62x
NII (times) 63.59x 2.94x
Big NII (times) 66.18x 3.10x
Small NII (times) 58.42x 2.63x
RII (times) 19.72x 6.48x
Employee (times)
Other (times)
Total (times) 71.93x 2.86x

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