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Dreamfolks Services IPO vs Tamilnad Mercantile Bank IPO

Comparision between Dreamfolks Services IPO and Tamilnad Mercantile Bank IPO.

IPO Details

Dreamfolks Services 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 Dreamfolks Services IPO is up to ₹562.10 Cr whereas the issue size of the Tamilnad Mercantile Bank IPO is up to ₹807.84 Cr. The final issue price of Dreamfolks Services IPO is ₹326.00 per share and of Tamilnad Mercantile Bank IPO is ₹510.00 per share.

  Dreamfolks Services IPO Tamilnad Mercantile Bank IPO
Face Value ₹2 per share ₹10 per share
Issue Price (Lower) ₹308.00 per share ₹500.00 per share
Issue Price (Upper) ₹326.00 per share ₹525.00 per share
Issue Price (Final) ₹326.00 per share ₹510.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 46 shares 28 shares
Fresh Issue Size 1,58,40,000 shares
Fresh Issue Size (Amount) up to ₹807.84 Cr
OFS Issue Size 1,72,42,368 shares
OFS Issue Size (Amount) up to ₹562.10 Cr
Issue Size Total 1,72,42,368 shares 1,58,40,000 shares
Issue Size Total (Amount) up to ₹562.10 Cr up to ₹807.84 Cr

IPO Timetable

Dreamfolks Services IPO opens on Aug 24, 2022, while Tamilnad Mercantile Bank IPO opens on Sep 05, 2022. The closing date of Dreamfolks Services IPO and Tamilnad Mercantile Bank IPO is Aug 26, 2022, and Sep 07, 2022, respectively.

  Dreamfolks Services IPO Tamilnad Mercantile Bank IPO
Anchor Bid Date
Issue Open Aug 24, 2022 Sep 05, 2022
Issue Close Aug 26, 2022 Sep 07, 2022
Basis Of Allotment (Tentative) Sep 01, 2022 Sep 12, 2022
Initiation of Refunds (Tentative) Sep 02, 2022 Sep 13, 2022
Credit of Share (Tentative) Sep 05, 2022 Sep 14, 2022
Listing date (Tentative) Sep 06, 2022 Sep 15, 2022
Anchor Lockin End date 1 Oct 01, 2022 Oct 12, 2022
Anchor Lockin End date 2 Nov 30, 2022 Dec 11, 2022

Financials

Dreamfolks Services IPO P/E ratio is 104.82, as compared to Tamilnad Mercantile Bank IPO P/E ratio of 9.22.

  Dreamfolks Services IPO Tamilnad Mercantile Bank IPO
Financial
Dreamfolks Services Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet Worth
31-Mar-20137.76367.8131.6865.51
31-Mar-21122.5108.11-1.4564.3
31-Mar-22168.68283.9916.2582.16
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) 100%
Promoter Shareholding (Post-Issue) 67%
P/E Ratio 104.82 9.22
Market Cap ₹1703.35 Cr. ₹8313.45 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Dreamfolks Services IPO retail investors (RII) are offered 17,24,236 shares while in Tamilnad Mercantile Bank IPO retail investors are offered 17,24,236 shares. Qualified institutional buyers (QIB) are offered 51,72,711 shares in Dreamfolks Services IPO and 47,52,000 shares in Tamilnad Mercantile Bank IPO.

  Dreamfolks Services IPO Tamilnad Mercantile Bank IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB 51,72,711 shares 47,52,000 shares
NII 25,86,355 shares 23,76,000 shares
RII 17,24,236 shares 15,84,000 shares
Employee 0 shares 0 shares
Others
Total 94,83,302 shares 87,12,000 shares

Bids Received (Subscription)

Dreamfolks Services IPO subscribed 56.68x in total, whereas Tamilnad Mercantile Bank IPO subscribed 2.86x.

  Dreamfolks Services IPO Tamilnad Mercantile Bank IPO
QIB (times) 70.53x 1.62x
NII (times) 37.66x 2.94x
Big NII (times) 40.94x 3.10x
Small NII (times) 31.10x 2.63x
RII (times) 43.66x 6.48x
Employee (times)
Other (times)
Total (times) 56.68x 2.86x

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