Ethos Limited IPO vs Rainbow Children Medicare IPO

Comparision between Ethos Limited IPO and Rainbow Children Medicare IPO.

IPO Details

Ethos Limited 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.

	Ethos Limited 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	Emkay Global Financial Services Ltd Incred Capital Financial Services Pvt Ltd	Kotak Mahindra Capital Company Limited J.P. Morgan India Private Limited Iifl Securities Ltd
Registrar	Kfin Technologies Limited	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 Ethos Limited IPO is up to ₹472.29 Cr whereas the issue size of the Rainbow Children Medicare IPO is up to ₹1,580.85 Cr. The final issue price of Ethos Limited IPO is ₹878.00 per share and of Rainbow Children Medicare IPO is ₹542.00 per share.

	Ethos Limited IPO	Rainbow Children Medicare IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹836.00 per share	₹516.00 per share
Issue Price (Upper)	₹878.00 per share	₹542.00 per share
Issue Price (Final)	₹878.00 per share	₹542.00 per share
Discount (Retail)
Discount (Employee)		₹20.00 per share
Market Lot Size	17 shares	27 shares
Fresh Issue Size	42,71,071 shares
Fresh Issue Size (Amount)	up to ₹375.00 Cr	up to ₹280.00 Cr
OFS Issue Size	11,08,037 shares	2,40,00,900 shares
OFS Issue Size (Amount)	up to ₹97.29 Cr	up to ₹1,300.85 Cr
Issue Size Total	53,79,108 shares
Issue Size Total (Amount)	up to ₹472.29 Cr	up to ₹1,580.85 Cr

IPO Timetable

Ethos Limited IPO opens on May 18, 2022, while Rainbow Children Medicare IPO opens on Apr 27, 2022. The closing date of Ethos Limited IPO and Rainbow Children Medicare IPO is May 20, 2022, and Apr 29, 2022, respectively.

	Ethos Limited IPO	Rainbow Children Medicare IPO
Anchor Bid Date
Issue Open	May 18, 2022	Apr 27, 2022
Issue Close	May 20, 2022	Apr 29, 2022
Basis Of Allotment (Tentative)	May 25, 2022	May 05, 2022
Initiation of Refunds (Tentative)	May 26, 2022	May 06, 2022
Credit of Share (Tentative)	May 27, 2022	May 09, 2022
Listing date (Tentative)	May 30, 2022	May 10, 2022
Anchor Lockin End date 1	Jun 24, 2022	Jun 04, 2022
Anchor Lockin End date 2	Aug 23, 2022	Aug 03, 2022

Financials

Ethos Limited IPO P/E ratio is 96, as compared to Rainbow Children Medicare IPO P/E ratio of 43.53.

Ethos Limited IPO

Rainbow Children Medicare IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (Rs in Lakhs)
	31-Dec-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	49,399.31	39,204.38	42,195.65	36,892.56
Total Revenue	42,934.76	40,314.23	46,100.56	44,509.63
Profit After Tax	1,598.78	578.53	-133.40	988.88

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)

81.01%

62.19%

Promoter Shareholding (Post-Issue)

61.65%

49.83%

P/E Ratio

43.53

Market Cap

₹2050.06 Cr.

₹5501.30 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Ethos Limited IPO retail investors (RII) are offered 19,57,789 shares while in Rainbow Children Medicare IPO retail investors are offered 19,57,789 shares. Qualified institutional buyers (QIB) are offered 11,83,115 shares in Ethos Limited IPO and 1,44,33,000 shares in Rainbow Children Medicare IPO.

	Ethos Limited IPO	Rainbow Children Medicare IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	11,83,115 shares	1,44,33,000 shares
NII	8,39,053 shares	43,30,000 shares
RII	19,57,789 shares	1,01,03,000 shares
Employee	0 shares	3,00,000 shares
Others
Total	39,79,957 shares	2,88,66,000 shares

Bids Received (Subscription)

Ethos Limited IPO subscribed 1.04x in total, whereas Rainbow Children Medicare IPO subscribed 12.43x.

	Ethos Limited IPO	Rainbow Children Medicare IPO
QIB (times)	1.06x	38.90x
NII (times)	1.48x	3.73x
Big NII (times)
Small NII (times)
RII (times)	0.84x	1.38x
Employee (times)		0.31x
Other (times)
Total (times)	1.04x	12.43x

Compare with others

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

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