Prudent Corporate Advisory Services IPO vs Venus Pipes & Tubes IPO

Comparision between Prudent Corporate Advisory Services IPO and Venus Pipes & Tubes IPO.

IPO Details

Prudent Corporate Advisory Services IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Venus Pipes & Tubes IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Prudent Corporate Advisory Services IPO	Venus Pipes & Tubes 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	Smc Capitals Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
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 Venus Pipes & Tubes IPO is up to ₹165.42 Cr. The final issue price of Prudent Corporate Advisory Services IPO is ₹630.00 per share and of Venus Pipes & Tubes IPO is ₹326.00 per share.

	Prudent Corporate Advisory Services IPO	Venus Pipes & Tubes IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹595.00 per share	₹310.00 per share
Issue Price (Upper)	₹630.00 per share	₹326.00 per share
Issue Price (Final)	₹630.00 per share	₹326.00 per share
Discount (Retail)
Discount (Employee)	₹59.00 per share
Market Lot Size	23 shares	46 shares
Fresh Issue Size		50,74,100 shares
Fresh Issue Size (Amount)		up to ₹165.42 Cr
OFS Issue Size	85,49,340 shares
OFS Issue Size (Amount)	up to ₹538.61 Cr
Issue Size Total	85,49,340 shares	50,74,100 shares
Issue Size Total (Amount)	up to ₹538.61 Cr	up to ₹165.42 Cr

IPO Timetable

Prudent Corporate Advisory Services IPO opens on May 10, 2022, while Venus Pipes & Tubes IPO opens on May 11, 2022. The closing date of Prudent Corporate Advisory Services IPO and Venus Pipes & Tubes IPO is May 12, 2022, and May 13, 2022, respectively.

	Prudent Corporate Advisory Services IPO	Venus Pipes & Tubes IPO
Anchor Bid Date
Issue Open	May 10, 2022	May 11, 2022
Issue Close	May 12, 2022	May 13, 2022
Basis Of Allotment (Tentative)	May 18, 2022	May 19, 2022
Initiation of Refunds (Tentative)	May 19, 2022	May 20, 2022
Credit of Share (Tentative)	May 20, 2022	May 23, 2022
Listing date (Tentative)	May 20, 2022	May 24, 2022
Anchor Lockin End date 1	Jun 17, 2022	Jun 18, 2022
Anchor Lockin End date 2	Aug 16, 2022	Aug 17, 2022

Financials

Prudent Corporate Advisory Services IPO P/E ratio is 33.94, as compared to Venus Pipes & Tubes IPO P/E ratio of 21.03.

Prudent Corporate Advisory Services IPO

Venus Pipes & Tubes 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

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Million)
	31-Dec-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	2,462.76	1,375.39	1,071.91	791.23
Total Revenue	2,782.80	3,120.31	1,793.22	1,205.06
Profit After Tax	235.95	236.32	41.28	37.50

Promoter Shareholding (Pre-Issue)

56.78%

64.27%

Promoter Shareholding (Post-Issue)

56.78%

48.20%

P/E Ratio

33.94

21.03

Market Cap

₹2608.62 Cr.

₹661.65 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 Venus Pipes & Tubes 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 10,14,864 shares in Venus Pipes & Tubes IPO.

	Prudent Corporate Advisory Services IPO	Venus Pipes & Tubes IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	16,87,101 shares	10,14,864 shares
NII	12,65,326 shares	7,61,115 shares
RII	29,52,427 shares	17,75,935 shares
Employee	1,13,835 shares	0 shares
Others
Total	60,18,689 shares	35,51,914 shares

Bids Received (Subscription)

Prudent Corporate Advisory Services IPO subscribed 1.22x in total, whereas Venus Pipes & Tubes IPO subscribed 16.31x.

	Prudent Corporate Advisory Services IPO	Venus Pipes & Tubes IPO
QIB (times)	1.26x	12.02x
NII (times)	0.99x	15.66x
Big NII (times)
Small NII (times)
RII (times)	1.29x	19.04x
Employee (times)	1.23x
Other (times)
Total (times)	1.22x	16.31x

Compare with others

Prudent Corporate Advisory Services IPO	Venus Pipes & Tubes IPO
Dreamfolks Services IPO	eMudhra IPO
Syrma IPO	Paradeep Phosphates IPO
Aether Industries IPO	Prudent Corporate Advisory Services IPO
eMudhra IPO	Rainbow Children Medicare IPO
Paradeep Phosphates IPO	Campus Activewear IPO
Rainbow Children Medicare IPO	Ethos Limited IPO
Campus Activewear IPO	Hariom Pipe Industries IPO
Venus Pipes & Tubes IPO	Veranda Learning IPO
Ethos Limited IPO	Uma Exports IPO
Hariom Pipe Industries IPO	LIC IPO

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