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Prudent Corporate Advisory Services IPO vs Rainbow Children Medicare IPO

Comparision between Prudent Corporate Advisory Services IPO and Rainbow Children Medicare IPO.

IPO Details

Prudent Corporate Advisory Services 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.

Issue Size and Price

The total issue size of Prudent Corporate Advisory Services IPO is up to ₹538.61 Cr whereas the issue size of the Rainbow Children Medicare IPO is up to ₹1,580.85 Cr. The final issue price of Prudent Corporate Advisory Services IPO is ₹630.00 per share and of Rainbow Children Medicare IPO is ₹542.00 per share.

  Prudent Corporate Advisory Services IPO Rainbow Children Medicare IPO
Face Value ₹5 per share ₹10 per share
Issue Price (Lower) ₹595.00 per share ₹516.00 per share
Issue Price (Upper) ₹630.00 per share ₹542.00 per share
Issue Price (Final) ₹630.00 per share ₹542.00 per share
Discount (Retail)
Discount (Employee) ₹59.00 per share ₹20.00 per share
Market Lot Size 23 shares 27 shares
Fresh Issue Size
Fresh Issue Size (Amount) up to ₹280.00 Cr
OFS Issue Size 85,49,340 shares 2,40,00,900 shares
OFS Issue Size (Amount) up to ₹538.61 Cr up to ₹1,300.85 Cr
Issue Size Total 85,49,340 shares
Issue Size Total (Amount) up to ₹538.61 Cr up to ₹1,580.85 Cr

IPO Timetable

Prudent Corporate Advisory Services IPO opens on May 10, 2022, while Rainbow Children Medicare IPO opens on Apr 27, 2022. The closing date of Prudent Corporate Advisory Services IPO and Rainbow Children Medicare IPO is May 12, 2022, and Apr 29, 2022, respectively.

  Prudent Corporate Advisory Services IPO Rainbow Children Medicare IPO
Anchor Bid Date
Issue Open May 10, 2022 Apr 27, 2022
Issue Close May 12, 2022 Apr 29, 2022
Basis Of Allotment (Tentative) May 18, 2022 May 05, 2022
Initiation of Refunds (Tentative) May 19, 2022 May 06, 2022
Credit of Share (Tentative) May 20, 2022 May 09, 2022
Listing date (Tentative) May 20, 2022 May 10, 2022
Anchor Lockin End date 1 Jun 17, 2022 Jun 04, 2022
Anchor Lockin End date 2 Aug 16, 2022 Aug 03, 2022

Financials

Prudent Corporate Advisory Services IPO P/E ratio is 33.94, as compared to Rainbow Children Medicare IPO P/E ratio of 43.53.

  Prudent Corporate Advisory Services IPO Rainbow Children Medicare IPO
Financial
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in million)
31-Dec-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 3,873.40 2,849.30 1,960.75 1,932.15
Total Revenue 3,279.98 2,948.96 2,362.20 2,250.58
Profit After Tax 576.28 452.97 278.53 210.19
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) 56.78% 62.19%
Promoter Shareholding (Post-Issue) 56.78% 49.83%
P/E Ratio 33.94 43.53
Market Cap ₹2608.62 Cr. ₹5501.30 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Prudent Corporate Advisory Services IPO retail investors (RII) are offered 29,52,427 shares while in Rainbow Children Medicare IPO retail investors are offered 29,52,427 shares. Qualified institutional buyers (QIB) are offered 16,87,101 shares in Prudent Corporate Advisory Services IPO and 1,44,33,000 shares in Rainbow Children Medicare IPO.

  Prudent Corporate Advisory Services IPO Rainbow Children Medicare IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB 16,87,101 shares 1,44,33,000 shares
NII 12,65,326 shares 43,30,000 shares
RII 29,52,427 shares 1,01,03,000 shares
Employee 1,13,835 shares 3,00,000 shares
Others
Total 60,18,689 shares 2,88,66,000 shares

Bids Received (Subscription)

Prudent Corporate Advisory Services IPO subscribed 1.22x in total, whereas Rainbow Children Medicare IPO subscribed 12.43x.

  Prudent Corporate Advisory Services IPO Rainbow Children Medicare IPO
QIB (times) 1.26x 38.90x
NII (times) 0.99x 3.73x
Big NII (times)
Small NII (times)
RII (times) 1.29x 1.38x
Employee (times) 1.23x 0.31x
Other (times)
Total (times) 1.22x 12.43x

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