eMudhra IPO vs Prudent Corporate Advisory Services IPO

Comparision between eMudhra IPO and Prudent Corporate Advisory Services IPO.

IPO Details

eMudhra IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Prudent Corporate Advisory Services IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	eMudhra IPO	Prudent Corporate Advisory Services 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	ICICI Securities Limited Axis Capital Limited Equirus Capital Private 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 Prudent Corporate Advisory Services IPO is up to ₹538.61 Cr. The final issue price of eMudhra IPO is ₹256.00 per share and of Prudent Corporate Advisory Services IPO is ₹630.00 per share.

	eMudhra IPO	Prudent Corporate Advisory Services IPO
Face Value	₹5 per share	₹5 per share
Issue Price (Lower)	₹243.00 per share	₹595.00 per share
Issue Price (Upper)	₹256.00 per share	₹630.00 per share
Issue Price (Final)	₹256.00 per share	₹630.00 per share
Discount (Retail)
Discount (Employee)		₹59.00 per share
Market Lot Size	58 shares	23 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹161.00 Cr
OFS Issue Size	98,35,394 shares	85,49,340 shares
OFS Issue Size (Amount)	up to ₹251.79 Cr	up to ₹538.61 Cr
Issue Size Total		85,49,340 shares
Issue Size Total (Amount)	up to ₹412.79 Cr	up to ₹538.61 Cr

IPO Timetable

eMudhra IPO opens on May 20, 2022, while Prudent Corporate Advisory Services IPO opens on May 10, 2022. The closing date of eMudhra IPO and Prudent Corporate Advisory Services IPO is May 24, 2022, and May 12, 2022, respectively.

	eMudhra IPO	Prudent Corporate Advisory Services IPO
Anchor Bid Date
Issue Open	May 20, 2022	May 10, 2022
Issue Close	May 24, 2022	May 12, 2022
Basis Of Allotment (Tentative)	May 27, 2022	May 18, 2022
Initiation of Refunds (Tentative)	May 30, 2022	May 19, 2022
Credit of Share (Tentative)	May 31, 2022	May 20, 2022
Listing date (Tentative)	Jun 01, 2022	May 20, 2022
Anchor Lockin End date 1	Jun 26, 2022	Jun 17, 2022
Anchor Lockin End date 2	Aug 25, 2022	Aug 16, 2022

Financials

eMudhra IPO P/E ratio is 49.42, as compared to Prudent Corporate Advisory Services IPO P/E ratio of 33.94.

eMudhra IPO

Prudent Corporate Advisory Services 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

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in million)
	31-Dec-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	3,873.40	2,849.30	1,960.75	1,932.15
Total Revenue	3,279.98	2,948.96	2,362.20	2,250.58
Profit After Tax	576.28	452.97	278.53	210.19

Promoter Shareholding (Pre-Issue)

79.19%

56.78%

Promoter Shareholding (Post-Issue)

61.03%

56.78%

P/E Ratio

49.42

33.94

Market Cap

₹1998.65 Cr.

₹2608.62 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the eMudhra IPO retail investors (RII) are offered 57,61,318 shares while in Prudent Corporate Advisory Services IPO retail investors are offered 57,61,318 shares. Qualified institutional buyers (QIB) are offered 31,34,329 shares in eMudhra IPO and 16,87,101 shares in Prudent Corporate Advisory Services IPO.

	eMudhra IPO	Prudent Corporate Advisory Services IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	31,34,329 shares	16,87,101 shares
NII	24,69,137 shares	12,65,326 shares
RII	57,61,318 shares	29,52,427 shares
Employee	0 shares	1,13,835 shares
Others
Total	1,13,64,784 shares	60,18,689 shares

Bids Received (Subscription)

eMudhra IPO subscribed 2.72x in total, whereas Prudent Corporate Advisory Services IPO subscribed 1.22x.

	eMudhra IPO	Prudent Corporate Advisory Services IPO
QIB (times)	4.05x	1.26x
NII (times)	1.28x	0.99x
Big NII (times)
Small NII (times)
RII (times)	2.61x	1.29x
Employee (times)		1.23x
Other (times)
Total (times)	2.72x	1.22x

Compare with others

eMudhra IPO	Prudent Corporate Advisory Services IPO
Tamilnad Mercantile Bank IPO	Dreamfolks Services IPO
Harsha Engineers IPO	Syrma IPO
Dreamfolks Services IPO	Aether Industries IPO
Syrma IPO	eMudhra IPO
Aether Industries IPO	Paradeep Phosphates 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

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