eMudhra IPO vs Syrma IPO

Comparision between eMudhra IPO and Syrma IPO.

IPO Details

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

	eMudhra IPO	Syrma 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	Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) ICICI Securities Limited Iifl Securities Ltd
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 Syrma IPO is up to ₹840.00 Cr. The final issue price of eMudhra IPO is ₹256.00 per share and of Syrma IPO is ₹220.00 per share.

	eMudhra IPO	Syrma IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹243.00 per share	₹209.00 per share
Issue Price (Upper)	₹256.00 per share	₹220.00 per share
Issue Price (Final)	₹256.00 per share	₹220.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	58 shares	68 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹161.00 Cr	up to ₹766.00 Cr
OFS Issue Size	98,35,394 shares	33,69,360 shares
OFS Issue Size (Amount)	up to ₹251.79 Cr
Issue Size Total
Issue Size Total (Amount)	up to ₹412.79 Cr	up to ₹840.00 Cr

IPO Timetable

eMudhra IPO opens on May 20, 2022, while Syrma IPO opens on Aug 12, 2022. The closing date of eMudhra IPO and Syrma IPO is May 24, 2022, and Aug 18, 2022, respectively.

	eMudhra IPO	Syrma IPO
Anchor Bid Date
Issue Open	May 20, 2022	Aug 12, 2022
Issue Close	May 24, 2022	Aug 18, 2022
Basis Of Allotment (Tentative)	May 27, 2022	Aug 23, 2022
Initiation of Refunds (Tentative)	May 30, 2022	Aug 24, 2022
Credit of Share (Tentative)	May 31, 2022	Aug 25, 2022
Listing date (Tentative)	Jun 01, 2022	Aug 26, 2022
Anchor Lockin End date 1	Jun 26, 2022	Sep 22, 2022
Anchor Lockin End date 2	Aug 25, 2022	Nov 21, 2022

Financials

eMudhra IPO P/E ratio is 49.42, as compared to Syrma IPO P/E ratio of 50.69.

eMudhra IPO

Syrma 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

Syrma SGS Technology Ltd Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax
31-Mar-19	286.42	357.4	20.97
31-Mar-20	346.7	404.88	43.88
31-Mar-21	460.01	444.48	28.62
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

79.19%

Promoter Shareholding (Post-Issue)

61.03%

P/E Ratio

49.42

50.69

Market Cap

₹1998.65 Cr.

₹3877.04 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the eMudhra IPO retail investors (RII) are offered 57,61,318 shares while in Syrma IPO retail investors are offered 57,61,318 shares. Qualified institutional buyers (QIB) are offered 31,34,329 shares in eMudhra IPO and 85,53,777 shares in Syrma IPO.

	eMudhra IPO	Syrma IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	31,34,329 shares	85,53,777 shares
NII	24,69,137 shares	60,03,012 shares
RII	57,61,318 shares	1,40,07,027 shares
Employee	0 shares	0 shares
Others
Total	1,13,64,784 shares	2,85,63,816 shares

Bids Received (Subscription)

eMudhra IPO subscribed 2.72x in total, whereas Syrma IPO subscribed 32.61x.

	eMudhra IPO	Syrma IPO
QIB (times)	4.05x	87.56x
NII (times)	1.28x	17.50x
Big NII (times)		19.01x
Small NII (times)		14.47x
RII (times)	2.61x	5.53x
Employee (times)
Other (times)
Total (times)	2.72x	32.61x

Compare with others

eMudhra IPO	Syrma IPO
Tamilnad Mercantile Bank IPO	Electronics Mart India IPO
Harsha Engineers IPO	DCX Systems IPO
Dreamfolks Services IPO	Tamilnad Mercantile Bank IPO
Syrma IPO	Harsha Engineers IPO
Aether Industries IPO	Dreamfolks Services IPO
Paradeep Phosphates IPO	Aether Industries IPO
Prudent Corporate Advisory Services IPO	eMudhra IPO
Rainbow Children Medicare IPO	Paradeep Phosphates IPO
Campus Activewear IPO	Prudent Corporate Advisory Services IPO
Venus Pipes & Tubes IPO	Rainbow Children Medicare IPO

Comments

Add a public comment...