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Harsha Engineers IPO vs Syrma IPO

Comparision between Harsha Engineers IPO and Syrma IPO.

IPO Details

Harsha Engineers 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.

Issue Size and Price

The total issue size of Harsha Engineers IPO is up to ₹755.00 Cr whereas the issue size of the Syrma IPO is up to ₹840.00 Cr. The final issue price of Harsha Engineers IPO is ₹330.00 per share and of Syrma IPO is ₹220.00 per share.

  Harsha Engineers IPO Syrma IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹314.00 per share ₹209.00 per share
Issue Price (Upper) ₹330.00 per share ₹220.00 per share
Issue Price (Final) ₹330.00 per share ₹220.00 per share
Discount (Retail)
Discount (Employee) ₹31.00 per share
Market Lot Size 45 shares 68 shares
Fresh Issue Size
Fresh Issue Size (Amount) up to ₹455.00 Cr up to ₹766.00 Cr
OFS Issue Size 33,69,360 shares
OFS Issue Size (Amount) up to ₹300.00 Cr
Issue Size Total
Issue Size Total (Amount) up to ₹755.00 Cr up to ₹840.00 Cr

IPO Timetable

Harsha Engineers IPO opens on Sep 14, 2022, while Syrma IPO opens on Aug 12, 2022. The closing date of Harsha Engineers IPO and Syrma IPO is Sep 16, 2022, and Aug 18, 2022, respectively.

  Harsha Engineers IPO Syrma IPO
Anchor Bid Date
Issue Open Sep 14, 2022 Aug 12, 2022
Issue Close Sep 16, 2022 Aug 18, 2022
Basis Of Allotment (Tentative) Sep 21, 2022 Aug 23, 2022
Initiation of Refunds (Tentative) Sep 22, 2022 Aug 24, 2022
Credit of Share (Tentative) Sep 23, 2022 Aug 25, 2022
Listing date (Tentative) Sep 26, 2022 Aug 26, 2022
Anchor Lockin End date 1 Oct 21, 2022 Sep 22, 2022
Anchor Lockin End date 2 Dec 20, 2022 Nov 21, 2022

Financials

Harsha Engineers IPO P/E ratio is 32.67, as compared to Syrma IPO P/E ratio of 50.69.

  Harsha Engineers IPO Syrma IPO
Financial
Harsha Engineers International Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet Worth
31-Mar-19195117.9-27.411.41
31-Mar-20973.24899.521.91378.02
31-Mar-21981.07876.7345.44433.22
31-Mar-221158.25133991.94527.9
Amount in ₹ Crore
Syrma SGS Technology Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-19286.42357.420.97
31-Mar-20346.7404.8843.88
31-Mar-21460.01444.4828.62
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 99.70%
Promoter Shareholding (Post-Issue) 74.6
P/E Ratio 32.67 50.69
Market Cap ₹3004.20 Cr. ₹3877.04 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Harsha Engineers IPO retail investors (RII) are offered 83,87,730 shares while in Syrma IPO retail investors are offered 83,87,730 shares. Qualified institutional buyers (QIB) are offered 47,92,950 shares in Harsha Engineers IPO and 85,53,777 shares in Syrma IPO.

  Harsha Engineers IPO Syrma IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB 47,92,950 shares 85,53,777 shares
NII 35,94,780 shares 60,03,012 shares
RII 83,87,730 shares 1,40,07,027 shares
Employee 88,335 shares 0 shares
Others
Total 1,68,63,795 shares 2,85,63,816 shares

Bids Received (Subscription)

Harsha Engineers IPO subscribed 74.70x in total, whereas Syrma IPO subscribed 32.61x.

  Harsha Engineers IPO Syrma IPO
QIB (times) 178.26x 87.56x
NII (times) 71.32x 17.50x
Big NII (times) 74.78x 19.01x
Small NII (times) 64.41x 14.47x
RII (times) 17.63x 5.53x
Employee (times) 12.07x
Other (times)
Total (times) 74.70x 32.61x

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