eMudhra IPO vs Harsha Engineers IPO

Comparision between eMudhra IPO and Harsha Engineers IPO.

IPO Details

eMudhra 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.

	eMudhra 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	Iifl Securities Ltd Yes Securities (India) Limited Indorient Financial Services Ltd	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 eMudhra IPO is up to ₹412.79 Cr whereas the issue size of the Harsha Engineers IPO is up to ₹755.00 Cr. The final issue price of eMudhra IPO is ₹256.00 per share and of Harsha Engineers IPO is ₹330.00 per share.

	eMudhra IPO	Harsha Engineers IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹243.00 per share	₹314.00 per share
Issue Price (Upper)	₹256.00 per share	₹330.00 per share
Issue Price (Final)	₹256.00 per share	₹330.00 per share
Discount (Retail)
Discount (Employee)		₹31.00 per share
Market Lot Size	58 shares	45 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹161.00 Cr	up to ₹455.00 Cr
OFS Issue Size	98,35,394 shares
OFS Issue Size (Amount)	up to ₹251.79 Cr	up to ₹300.00 Cr
Issue Size Total
Issue Size Total (Amount)	up to ₹412.79 Cr	up to ₹755.00 Cr

IPO Timetable

eMudhra IPO opens on May 20, 2022, while Harsha Engineers IPO opens on Sep 14, 2022. The closing date of eMudhra IPO and Harsha Engineers IPO is May 24, 2022, and Sep 16, 2022, respectively.

	eMudhra IPO	Harsha Engineers IPO
Anchor Bid Date
Issue Open	May 20, 2022	Sep 14, 2022
Issue Close	May 24, 2022	Sep 16, 2022
Basis Of Allotment (Tentative)	May 27, 2022	Sep 21, 2022
Initiation of Refunds (Tentative)	May 30, 2022	Sep 22, 2022
Credit of Share (Tentative)	May 31, 2022	Sep 23, 2022
Listing date (Tentative)	Jun 01, 2022	Sep 26, 2022
Anchor Lockin End date 1	Jun 26, 2022	Oct 21, 2022
Anchor Lockin End date 2	Aug 25, 2022	Dec 20, 2022

Financials

eMudhra IPO P/E ratio is 49.42, as compared to Harsha Engineers IPO P/E ratio of 32.67.

eMudhra IPO

Harsha Engineers IPO

Financial

Summary of financial Information (Restated Consolidated Statement)
Particulars	For the year/period ended (Rs in millions)
	31-Dec-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	2,541.11	1,919.14	1,587.11	1,195.15
Total Revenue	1,383.04	1,324.54	1,167.99	1,016.80
Profit After Tax	303.40	253.59	184.16	174.36

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)

79.19%

99.70%

Promoter Shareholding (Post-Issue)

61.03%

74.6

P/E Ratio

49.42

32.67

Market Cap

₹1998.65 Cr.

₹3004.20 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the eMudhra IPO retail investors (RII) are offered 57,61,318 shares while in Harsha Engineers IPO retail investors are offered 57,61,318 shares. Qualified institutional buyers (QIB) are offered 31,34,329 shares in eMudhra IPO and 47,92,950 shares in Harsha Engineers IPO.

	eMudhra IPO	Harsha Engineers IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	31,34,329 shares	47,92,950 shares
NII	24,69,137 shares	35,94,780 shares
RII	57,61,318 shares	83,87,730 shares
Employee	0 shares	88,335 shares
Others
Total	1,13,64,784 shares	1,68,63,795 shares

Bids Received (Subscription)

eMudhra IPO subscribed 2.72x in total, whereas Harsha Engineers IPO subscribed 74.70x.

	eMudhra IPO	Harsha Engineers IPO
QIB (times)	4.05x	178.26x
NII (times)	1.28x	71.32x
Big NII (times)		74.78x
Small NII (times)		64.41x
RII (times)	2.61x	17.63x
Employee (times)		12.07x
Other (times)
Total (times)	2.72x	74.70x

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