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Tamilnad Mercantile Bank IPO vs Uniparts India IPO

Comparision between Tamilnad Mercantile Bank IPO and Uniparts India IPO.

IPO Details

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

Issue Size and Price

The total issue size of Tamilnad Mercantile Bank IPO is up to ₹807.84 Cr whereas the issue size of the Uniparts India IPO is up to ₹835.61 Cr. The final issue price of Tamilnad Mercantile Bank IPO is ₹510.00 per share and of Uniparts India IPO is ₹577.00 per share.

  Tamilnad Mercantile Bank IPO Uniparts India IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹500.00 per share ₹548.00 per share
Issue Price (Upper) ₹525.00 per share ₹577.00 per share
Issue Price (Final) ₹510.00 per share ₹577.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 28 shares 25 shares
Fresh Issue Size 1,58,40,000 shares
Fresh Issue Size (Amount) up to ₹807.84 Cr
OFS Issue Size 1,44,81,942 shares
OFS Issue Size (Amount) up to ₹835.61 Cr
Issue Size Total 1,58,40,000 shares 1,44,81,942 shares
Issue Size Total (Amount) up to ₹807.84 Cr up to ₹835.61 Cr

IPO Timetable

Tamilnad Mercantile Bank IPO opens on Sep 05, 2022, while Uniparts India IPO opens on Nov 30, 2022. The closing date of Tamilnad Mercantile Bank IPO and Uniparts India IPO is Sep 07, 2022, and Dec 02, 2022, respectively.

  Tamilnad Mercantile Bank IPO Uniparts India IPO
Anchor Bid Date
Issue Open Sep 05, 2022 Nov 30, 2022
Issue Close Sep 07, 2022 Dec 02, 2022
Basis Of Allotment (Tentative) Sep 12, 2022 Dec 07, 2022
Initiation of Refunds (Tentative) Sep 13, 2022 Dec 08, 2022
Credit of Share (Tentative) Sep 14, 2022 Dec 09, 2022
Listing date (Tentative) Sep 15, 2022 Dec 12, 2022
Anchor Lockin End date 1 Oct 12, 2022 Jan 06, 2023
Anchor Lockin End date 2 Dec 11, 2022 Mar 07, 2023

Financials

Tamilnad Mercantile Bank IPO P/E ratio is 9.22, as compared to Uniparts India IPO P/E ratio of 12.89.

  Tamilnad Mercantile Bank IPO Uniparts India IPO
Financial
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
Uniparts India Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-19958.441062.4869.6421.98345.63
31-Mar-20898.75938.8462.64464.16256.5
31-Mar-21893.27947.6993.15560.14127.78
31-Mar-221031.181231.04166.89685.24127.27
30-Jun-221063.51347.7650.52713.93114.66
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 75.54%
Promoter Shareholding (Post-Issue) 65.79%
P/E Ratio 9.22 12.89
Market Cap ₹8313.45 Cr. ₹2604.22 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Tamilnad Mercantile Bank IPO retail investors (RII) are offered 15,84,000 shares while in Uniparts India IPO retail investors are offered 15,84,000 shares. Qualified institutional buyers (QIB) are offered 47,52,000 shares in Tamilnad Mercantile Bank IPO and 28,96,388 shares in Uniparts India IPO.

  Tamilnad Mercantile Bank IPO Uniparts India IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB 47,52,000 shares 28,96,388 shares
NII 23,76,000 shares 21,72,292 shares
RII 15,84,000 shares 50,68,680 shares
Employee 0 shares 0 shares
Others
Total 87,12,000 shares 1,01,37,360 shares

Bids Received (Subscription)

Tamilnad Mercantile Bank IPO subscribed 2.86x in total, whereas Uniparts India IPO subscribed 25.32x.

  Tamilnad Mercantile Bank IPO Uniparts India IPO
QIB (times) 1.62x 67.14x
NII (times) 2.94x 17.86x
Big NII (times) 3.10x 19.46x
Small NII (times) 2.63x 14.66x
RII (times) 6.48x 4.63x
Employee (times)
Other (times)
Total (times) 2.86x 25.32x

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