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Aether Industries IPO vs Tamilnad Mercantile Bank IPO

Comparision between Aether Industries IPO and Tamilnad Mercantile Bank IPO.

IPO Details

Aether Industries IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Tamilnad Mercantile Bank IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Aether Industries IPO is up to ₹808.04 Cr whereas the issue size of the Tamilnad Mercantile Bank IPO is up to ₹807.84 Cr. The final issue price of Aether Industries IPO is ₹642.00 per share and of Tamilnad Mercantile Bank IPO is ₹510.00 per share.

  Aether Industries IPO Tamilnad Mercantile Bank IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹610.00 per share ₹500.00 per share
Issue Price (Upper) ₹642.00 per share ₹525.00 per share
Issue Price (Final) ₹642.00 per share ₹510.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 23 shares 28 shares
Fresh Issue Size 1,58,40,000 shares
Fresh Issue Size (Amount) up to ₹627.00 Cr up to ₹807.84 Cr
OFS Issue Size 28,20,000 shares
OFS Issue Size (Amount) up to ₹181.04 Cr
Issue Size Total 1,58,40,000 shares
Issue Size Total (Amount) up to ₹808.04 Cr up to ₹807.84 Cr

IPO Timetable

Aether Industries IPO opens on May 24, 2022, while Tamilnad Mercantile Bank IPO opens on Sep 05, 2022. The closing date of Aether Industries IPO and Tamilnad Mercantile Bank IPO is May 26, 2022, and Sep 07, 2022, respectively.

  Aether Industries IPO Tamilnad Mercantile Bank IPO
Anchor Bid Date
Issue Open May 24, 2022 Sep 05, 2022
Issue Close May 26, 2022 Sep 07, 2022
Basis Of Allotment (Tentative) May 31, 2022 Sep 12, 2022
Initiation of Refunds (Tentative) Jun 01, 2022 Sep 13, 2022
Credit of Share (Tentative) Jun 02, 2022 Sep 14, 2022
Listing date (Tentative) Jun 03, 2022 Sep 15, 2022
Anchor Lockin End date 1 Jun 30, 2022 Oct 12, 2022
Anchor Lockin End date 2 Aug 29, 2022 Dec 11, 2022

Financials

Aether Industries IPO P/E ratio is 72.3, as compared to Tamilnad Mercantile Bank IPO P/E ratio of 9.22.

  Aether Industries IPO Tamilnad Mercantile Bank IPO
Financial
Aether Industries Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-19206.68203.2823.34
31-Mar-20300.47303.7839.96
31-Mar-21452.94453.7971.12
31-Dec-21709.56449.3282.9
Amount in ₹ Crore
Tamilnad Mercantile Bank Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-2042758.83992.53464.893979.653837.14
31-Mar-2147527.174253.4654.044579.984437.47
31-Mar-2252858.494656.44901.95335.715193.2
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 96.96%
Promoter Shareholding (Post-Issue) 87.09%
P/E Ratio 72.3 9.22
Market Cap ₹7991.79 Cr. ₹8313.45 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Aether Industries IPO retail investors (RII) are offered 45,43,517 shares while in Tamilnad Mercantile Bank IPO retail investors are offered 45,43,517 shares. Qualified institutional buyers (QIB) are offered 27,48,241 shares in Aether Industries IPO and 47,52,000 shares in Tamilnad Mercantile Bank IPO.

  Aether Industries IPO Tamilnad Mercantile Bank IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB 27,48,241 shares 47,52,000 shares
NII 19,47,222 shares 23,76,000 shares
RII 45,43,517 shares 15,84,000 shares
Employee 1,17,213 shares 0 shares
Others
Total 93,56,193 shares 87,12,000 shares

Bids Received (Subscription)

Aether Industries IPO subscribed 6.26x in total, whereas Tamilnad Mercantile Bank IPO subscribed 2.86x.

  Aether Industries IPO Tamilnad Mercantile Bank IPO
QIB (times) 17.57x 1.62x
NII (times) 2.52x 2.94x
Big NII (times) 3.10x
Small NII (times) 2.63x
RII (times) 1.14x 6.48x
Employee (times) 1.06x
Other (times)
Total (times) 6.26x 2.86x

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