eMudhra IPO vs Venus Pipes & Tubes IPO

Comparision between eMudhra IPO and Venus Pipes & Tubes IPO.

IPO Details

eMudhra IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Venus Pipes & Tubes IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	eMudhra IPO	Venus Pipes & Tubes 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	Smc Capitals Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
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 Venus Pipes & Tubes IPO is up to ₹165.42 Cr. The final issue price of eMudhra IPO is ₹256.00 per share and of Venus Pipes & Tubes IPO is ₹326.00 per share.

	eMudhra IPO	Venus Pipes & Tubes IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹243.00 per share	₹310.00 per share
Issue Price (Upper)	₹256.00 per share	₹326.00 per share
Issue Price (Final)	₹256.00 per share	₹326.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	58 shares	46 shares
Fresh Issue Size		50,74,100 shares
Fresh Issue Size (Amount)	up to ₹161.00 Cr	up to ₹165.42 Cr
OFS Issue Size	98,35,394 shares
OFS Issue Size (Amount)	up to ₹251.79 Cr
Issue Size Total		50,74,100 shares
Issue Size Total (Amount)	up to ₹412.79 Cr	up to ₹165.42 Cr

IPO Timetable

eMudhra IPO opens on May 20, 2022, while Venus Pipes & Tubes IPO opens on May 11, 2022. The closing date of eMudhra IPO and Venus Pipes & Tubes IPO is May 24, 2022, and May 13, 2022, respectively.

	eMudhra IPO	Venus Pipes & Tubes IPO
Anchor Bid Date
Issue Open	May 20, 2022	May 11, 2022
Issue Close	May 24, 2022	May 13, 2022
Basis Of Allotment (Tentative)	May 27, 2022	May 19, 2022
Initiation of Refunds (Tentative)	May 30, 2022	May 20, 2022
Credit of Share (Tentative)	May 31, 2022	May 23, 2022
Listing date (Tentative)	Jun 01, 2022	May 24, 2022
Anchor Lockin End date 1	Jun 26, 2022	Jun 18, 2022
Anchor Lockin End date 2	Aug 25, 2022	Aug 17, 2022

Financials

eMudhra IPO P/E ratio is 49.42, as compared to Venus Pipes & Tubes IPO P/E ratio of 21.03.

eMudhra IPO

Venus Pipes & Tubes 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)
Particulars	For the year/period ended (Rs in Million)
	31-Dec-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	2,462.76	1,375.39	1,071.91	791.23
Total Revenue	2,782.80	3,120.31	1,793.22	1,205.06
Profit After Tax	235.95	236.32	41.28	37.50

Promoter Shareholding (Pre-Issue)

79.19%

64.27%

Promoter Shareholding (Post-Issue)

61.03%

48.20%

P/E Ratio

49.42

21.03

Market Cap

₹1998.65 Cr.

₹661.65 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the eMudhra IPO retail investors (RII) are offered 57,61,318 shares while in Venus Pipes & Tubes IPO retail investors are offered 57,61,318 shares. Qualified institutional buyers (QIB) are offered 31,34,329 shares in eMudhra IPO and 10,14,864 shares in Venus Pipes & Tubes IPO.

	eMudhra IPO	Venus Pipes & Tubes IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	31,34,329 shares	10,14,864 shares
NII	24,69,137 shares	7,61,115 shares
RII	57,61,318 shares	17,75,935 shares
Employee	0 shares	0 shares
Others
Total	1,13,64,784 shares	35,51,914 shares

Bids Received (Subscription)

eMudhra IPO subscribed 2.72x in total, whereas Venus Pipes & Tubes IPO subscribed 16.31x.

	eMudhra IPO	Venus Pipes & Tubes IPO
QIB (times)	4.05x	12.02x
NII (times)	1.28x	15.66x
Big NII (times)
Small NII (times)
RII (times)	2.61x	19.04x
Employee (times)
Other (times)
Total (times)	2.72x	16.31x

Compare with others

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

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