Prudent Corporate Advisory Services IPO vs Syrma IPO

Comparision between Prudent Corporate Advisory Services IPO and Syrma IPO.

IPO Details

Prudent Corporate Advisory Services 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.

	Prudent Corporate Advisory Services 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	ICICI Securities Limited Axis Capital Limited Equirus Capital Private Limited	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 Prudent Corporate Advisory Services IPO is up to ₹538.61 Cr whereas the issue size of the Syrma IPO is up to ₹840.00 Cr. The final issue price of Prudent Corporate Advisory Services IPO is ₹630.00 per share and of Syrma IPO is ₹220.00 per share.

	Prudent Corporate Advisory Services IPO	Syrma IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹595.00 per share	₹209.00 per share
Issue Price (Upper)	₹630.00 per share	₹220.00 per share
Issue Price (Final)	₹630.00 per share	₹220.00 per share
Discount (Retail)
Discount (Employee)	₹59.00 per share
Market Lot Size	23 shares	68 shares
Fresh Issue Size
Fresh Issue Size (Amount)		up to ₹766.00 Cr
OFS Issue Size	85,49,340 shares	33,69,360 shares
OFS Issue Size (Amount)	up to ₹538.61 Cr
Issue Size Total	85,49,340 shares
Issue Size Total (Amount)	up to ₹538.61 Cr	up to ₹840.00 Cr

IPO Timetable

Prudent Corporate Advisory Services IPO opens on May 10, 2022, while Syrma IPO opens on Aug 12, 2022. The closing date of Prudent Corporate Advisory Services IPO and Syrma IPO is May 12, 2022, and Aug 18, 2022, respectively.

	Prudent Corporate Advisory Services IPO	Syrma IPO
Anchor Bid Date
Issue Open	May 10, 2022	Aug 12, 2022
Issue Close	May 12, 2022	Aug 18, 2022
Basis Of Allotment (Tentative)	May 18, 2022	Aug 23, 2022
Initiation of Refunds (Tentative)	May 19, 2022	Aug 24, 2022
Credit of Share (Tentative)	May 20, 2022	Aug 25, 2022
Listing date (Tentative)	May 20, 2022	Aug 26, 2022
Anchor Lockin End date 1	Jun 17, 2022	Sep 22, 2022
Anchor Lockin End date 2	Aug 16, 2022	Nov 21, 2022

Financials

Prudent Corporate Advisory Services IPO P/E ratio is 33.94, as compared to Syrma IPO P/E ratio of 50.69.

Prudent Corporate Advisory Services IPO

Syrma 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

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)

56.78%

Promoter Shareholding (Post-Issue)

56.78%

P/E Ratio

33.94

50.69

Market Cap

₹2608.62 Cr.

₹3877.04 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 Syrma 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 85,53,777 shares in Syrma IPO.

	Prudent Corporate Advisory Services IPO	Syrma IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	16,87,101 shares	85,53,777 shares
NII	12,65,326 shares	60,03,012 shares
RII	29,52,427 shares	1,40,07,027 shares
Employee	1,13,835 shares	0 shares
Others
Total	60,18,689 shares	2,85,63,816 shares

Bids Received (Subscription)

Prudent Corporate Advisory Services IPO subscribed 1.22x in total, whereas Syrma IPO subscribed 32.61x.

	Prudent Corporate Advisory Services IPO	Syrma IPO
QIB (times)	1.26x	87.56x
NII (times)	0.99x	17.50x
Big NII (times)		19.01x
Small NII (times)		14.47x
RII (times)	1.29x	5.53x
Employee (times)	1.23x
Other (times)
Total (times)	1.22x	32.61x

Compare with others

Prudent Corporate Advisory Services IPO	Syrma IPO
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