eMudhra IPO vs Rainbow Children Medicare IPO

Comparision between eMudhra IPO and Rainbow Children Medicare IPO.

IPO Details

eMudhra IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Rainbow Children Medicare IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	eMudhra IPO	Rainbow Children Medicare 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	Kotak Mahindra Capital Company Limited J.P. Morgan India Private Limited Iifl Securities Ltd
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
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 Rainbow Children Medicare IPO is up to ₹1,580.85 Cr. The final issue price of eMudhra IPO is ₹256.00 per share and of Rainbow Children Medicare IPO is ₹542.00 per share.

	eMudhra IPO	Rainbow Children Medicare IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹243.00 per share	₹516.00 per share
Issue Price (Upper)	₹256.00 per share	₹542.00 per share
Issue Price (Final)	₹256.00 per share	₹542.00 per share
Discount (Retail)
Discount (Employee)		₹20.00 per share
Market Lot Size	58 shares	27 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹161.00 Cr	up to ₹280.00 Cr
OFS Issue Size	98,35,394 shares	2,40,00,900 shares
OFS Issue Size (Amount)	up to ₹251.79 Cr	up to ₹1,300.85 Cr
Issue Size Total
Issue Size Total (Amount)	up to ₹412.79 Cr	up to ₹1,580.85 Cr

IPO Timetable

eMudhra IPO opens on May 20, 2022, while Rainbow Children Medicare IPO opens on Apr 27, 2022. The closing date of eMudhra IPO and Rainbow Children Medicare IPO is May 24, 2022, and Apr 29, 2022, respectively.

	eMudhra IPO	Rainbow Children Medicare IPO
Anchor Bid Date
Issue Open	May 20, 2022	Apr 27, 2022
Issue Close	May 24, 2022	Apr 29, 2022
Basis Of Allotment (Tentative)	May 27, 2022	May 05, 2022
Initiation of Refunds (Tentative)	May 30, 2022	May 06, 2022
Credit of Share (Tentative)	May 31, 2022	May 09, 2022
Listing date (Tentative)	Jun 01, 2022	May 10, 2022
Anchor Lockin End date 1	Jun 26, 2022	Jun 04, 2022
Anchor Lockin End date 2	Aug 25, 2022	Aug 03, 2022

Financials

eMudhra IPO P/E ratio is 49.42, as compared to Rainbow Children Medicare IPO P/E ratio of 43.53.

eMudhra IPO

Rainbow Children Medicare 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 (Consolidated)
Particulars	For the year/period ended (Rs in Millions)
	31-Dec-21	31-Dec-20	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	12,397.56	10,762.22	10,812.67	10,192.37	9,263.96
Total Revenue	7,740.62	4,942.93	6,603.10	7,297.37	5,511.44
Profit After Tax	1,264.13	385.25	395.68	553.40	445.90

Promoter Shareholding (Pre-Issue)

79.19%

62.19%

Promoter Shareholding (Post-Issue)

61.03%

49.83%

P/E Ratio

49.42

43.53

Market Cap

₹1998.65 Cr.

₹5501.30 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the eMudhra IPO retail investors (RII) are offered 57,61,318 shares while in Rainbow Children Medicare IPO retail investors are offered 57,61,318 shares. Qualified institutional buyers (QIB) are offered 31,34,329 shares in eMudhra IPO and 1,44,33,000 shares in Rainbow Children Medicare IPO.

	eMudhra IPO	Rainbow Children Medicare IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	31,34,329 shares	1,44,33,000 shares
NII	24,69,137 shares	43,30,000 shares
RII	57,61,318 shares	1,01,03,000 shares
Employee	0 shares	3,00,000 shares
Others
Total	1,13,64,784 shares	2,88,66,000 shares

Bids Received (Subscription)

eMudhra IPO subscribed 2.72x in total, whereas Rainbow Children Medicare IPO subscribed 12.43x.

	eMudhra IPO	Rainbow Children Medicare IPO
QIB (times)	4.05x	38.90x
NII (times)	1.28x	3.73x
Big NII (times)
Small NII (times)
RII (times)	2.61x	1.38x
Employee (times)		0.31x
Other (times)
Total (times)	2.72x	12.43x

Compare with others

eMudhra IPO	Rainbow Children Medicare IPO
Tamilnad Mercantile Bank IPO	Syrma IPO
Harsha Engineers IPO	Aether Industries IPO
Dreamfolks Services IPO	eMudhra IPO
Syrma IPO	Paradeep Phosphates IPO
Aether Industries IPO	Prudent Corporate Advisory Services IPO
Paradeep Phosphates IPO	Campus Activewear IPO
Prudent Corporate Advisory Services IPO	Venus Pipes & Tubes IPO
Rainbow Children Medicare IPO	Ethos Limited IPO
Campus Activewear IPO	Hariom Pipe Industries IPO
Venus Pipes & Tubes IPO	Veranda Learning IPO

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