Kaynes Technology IPO vs Tamilnad Mercantile Bank IPO

Comparision between Kaynes Technology IPO and Tamilnad Mercantile Bank IPO.

IPO Details

Kaynes Technology 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.

	Kaynes Technology IPO	Tamilnad Mercantile Bank 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	Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Iifl Securities Ltd	Axis Capital Limited Motilal Oswal Investment Advisors Limited SBI Capital Markets Limited
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 Kaynes Technology IPO is up to ₹857.82 Cr whereas the issue size of the Tamilnad Mercantile Bank IPO is up to ₹807.84 Cr. The final issue price of Kaynes Technology IPO is ₹587.00 per share and of Tamilnad Mercantile Bank IPO is ₹510.00 per share.

	Kaynes Technology IPO	Tamilnad Mercantile Bank IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹559.00 per share	₹500.00 per share
Issue Price (Upper)	₹587.00 per share	₹525.00 per share
Issue Price (Final)	₹587.00 per share	₹510.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	25 shares	28 shares
Fresh Issue Size		1,58,40,000 shares
Fresh Issue Size (Amount)	up to ₹530.00 Cr	up to ₹807.84 Cr
OFS Issue Size	55,84,664 shares
OFS Issue Size (Amount)	up to ₹327.82 Cr
Issue Size Total		1,58,40,000 shares
Issue Size Total (Amount)	up to ₹857.82 Cr	up to ₹807.84 Cr

IPO Timetable

Kaynes Technology IPO opens on Nov 10, 2022, while Tamilnad Mercantile Bank IPO opens on Sep 05, 2022. The closing date of Kaynes Technology IPO and Tamilnad Mercantile Bank IPO is Nov 14, 2022, and Sep 07, 2022, respectively.

	Kaynes Technology IPO	Tamilnad Mercantile Bank IPO
Anchor Bid Date
Issue Open	Nov 10, 2022	Sep 05, 2022
Issue Close	Nov 14, 2022	Sep 07, 2022
Basis Of Allotment (Tentative)	Nov 17, 2022	Sep 12, 2022
Initiation of Refunds (Tentative)	Nov 18, 2022	Sep 13, 2022
Credit of Share (Tentative)	Nov 21, 2022	Sep 14, 2022
Listing date (Tentative)	Nov 22, 2022	Sep 15, 2022
Anchor Lockin End date 1	Dec 17, 2022	Oct 12, 2022
Anchor Lockin End date 2	Feb 15, 2023	Dec 11, 2022

Financials

Kaynes Technology IPO P/E ratio is 84.95, as compared to Tamilnad Mercantile Bank IPO P/E ratio of 9.22.

Kaynes Technology IPO

Tamilnad Mercantile Bank IPO

Financial

Kaynes Technology India Ltd Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	378.12	370.17	9.36	95.76	143.83
31-Mar-21	419.37	424.66	9.73	136.51	139.47
31-Mar-22	622.42	710.35	41.68	201.82	169.55
30-Jun-22	763.26	199.98	10.05	212	186.38
Amount in ₹ Crore

Tamilnad Mercantile Bank Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	42758.8	3992.53	464.89	3979.65	3837.14
31-Mar-21	47527.17	4253.4	654.04	4579.98	4437.47
31-Mar-22	52858.49	4656.44	901.9	5335.71	5193.2
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

79.78%

Promoter Shareholding (Post-Issue)

67.39%

P/E Ratio

84.95

9.22

Market Cap

₹3412.97 Cr.

₹8313.45 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Kaynes Technology IPO retail investors (RII) are offered 52,63,667 shares while in Tamilnad Mercantile Bank IPO retail investors are offered 52,63,667 shares. Qualified institutional buyers (QIB) are offered 29,23,888 shares in Kaynes Technology IPO and 47,52,000 shares in Tamilnad Mercantile Bank IPO.

	Kaynes Technology IPO	Tamilnad Mercantile Bank IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	29,23,888 shares	47,52,000 shares
NII	22,55,858 shares	23,76,000 shares
RII	52,63,667 shares	15,84,000 shares
Employee	26,833 shares	0 shares
Others
Total	1,04,70,246 shares	87,12,000 shares

Bids Received (Subscription)

Kaynes Technology IPO subscribed 34.16x in total, whereas Tamilnad Mercantile Bank IPO subscribed 2.86x.

	Kaynes Technology IPO	Tamilnad Mercantile Bank IPO
QIB (times)	98.47x	1.62x
NII (times)	21.21x	2.94x
Big NII (times)	23.07x	3.10x
Small NII (times)	17.47x	2.63x
RII (times)	4.10x	6.48x
Employee (times)	11.92x
Other (times)
Total (times)	34.16x	2.86x

Compare with others

Kaynes Technology IPO	Tamilnad Mercantile Bank IPO
Bikaji Foods IPO	Five Star Business Finance IPO
Fusion Micro Finance IPO	Uniparts India IPO
Global Health IPO	Kaynes Technology IPO
Five Star Business Finance IPO	Electronics Mart India IPO
Uniparts India IPO	DCX Systems IPO
Electronics Mart India IPO	Harsha Engineers IPO
DCX Systems IPO	Dreamfolks Services IPO
Tamilnad Mercantile Bank IPO	Syrma IPO
Harsha Engineers IPO	Aether Industries IPO
Dreamfolks Services IPO	eMudhra IPO

Comments

Add a public comment...