Emcure Pharma IPO vs Vraj Iron and Steel IPO

Comparision between Emcure Pharma IPO and Vraj Iron and Steel IPO.

IPO Details

Emcure Pharma IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Vraj Iron and Steel IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Emcure Pharma IPO	Vraj Iron and Steel 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	Kotak Mahindra Capital Company Limited Axis Capital Limited Jefferies India Private Limited J.P. Morgan India Private Limited	Aryaman Financial Services Limited
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt Ltd
Market Maker
DRHP	DRHP	DRHP
RHP		RHP
Anchor Investor		Anchor Investor
IPO Allotment URL

Issue Size and Price

The total issue size of Emcure Pharma IPO is whereas the issue size of the Vraj Iron and Steel IPO is up to ₹171.00 Cr. The final issue price of Emcure Pharma IPO is and of Vraj Iron and Steel IPO is ₹207.00 per share.

	Emcure Pharma IPO	Vraj Iron and Steel IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹195.00 per share
Issue Price (Upper)		₹207.00 per share
Issue Price (Final)		₹207.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size		72 shares
Fresh Issue Size		82,60,870 shares
Fresh Issue Size (Amount)	up to ₹800.00 Cr	up to ₹171.00 Cr
OFS Issue Size	1,36,78,839 shares
OFS Issue Size (Amount)
Issue Size Total		82,60,870 shares
Issue Size Total (Amount)		up to ₹171.00 Cr

IPO Timetable

Emcure Pharma IPO opens on , while Vraj Iron and Steel IPO opens on Jun 26, 2024. The closing date of Emcure Pharma IPO and Vraj Iron and Steel IPO is , and Jun 28, 2024, respectively.

	Emcure Pharma IPO	Vraj Iron and Steel IPO
Anchor Bid Date		Jun 25, 2024
Issue Open		Jun 26, 2024
Issue Close		Jun 28, 2024
Basis Of Allotment (Tentative)		Jul 01, 2024
Initiation of Refunds (Tentative)		Jul 02, 2024
Credit of Share (Tentative)		Jul 02, 2024
Listing date (Tentative)		Jul 03, 2024
Anchor Lockin End date 1		Jul 31, 2024
Anchor Lockin End date 2		Sep 29, 2024

Financials

Emcure Pharma IPO P/E ratio is , as compared to Vraj Iron and Steel IPO P/E ratio of 9.48.

Emcure Pharma IPO

Vraj Iron and Steel IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Millions)
	31-March-21	31-March-20	31-March-19
Total Assets	68,073.98	60,040.55	58,104.39
Total Revenue	60,918.06	51,308.60	48,155.90
Profit After Tax	4,185.94	1,006.10	2,029.68

Vraj Iron and Steel Limited Financial Information (Restated Consolidated)

Vraj Iron and Steel Limited's revenue increased by 24.87% and profit after tax (PAT) rose by 88.12% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	253.05	191.54	150.77	126.33
Revenue	304.81	517.42	414.38	290.93
Profit After Tax	44.58	54.00	28.70	10.99
Net Worth	187.50	140.92	87.14	57.79
Reserves and Surplus	162.78	135.97	82.19	52.85
Total Borrowing	49.30	22.98	42.51	45.78
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

99.99%

Promoter Shareholding (Post-Issue)

P/E Ratio

9.48

Market Cap

₹682.74 Cr.

ROE

23.78%%

ROCE

25.34%%

Debt/Equity

0.27

EPS

₹21.84

RoNW

23.78%%

Shares Offered

In the Emcure Pharma IPO retail investors (RII) are offered while in Vraj Iron and Steel IPO retail investors are offered . Qualified institutional buyers (QIB) are offered in Emcure Pharma IPO and 16,52,174 shares in Vraj Iron and Steel IPO.

	Emcure Pharma IPO	Vraj Iron and Steel IPO
Anchor Investor Reserveration		24,78,259 shares
Market Maker Reserveration
QIB		16,52,174 shares
NII		12,39,130 shares
RII		28,91,305 shares
Employee		0 shares
Others
Total		57,82,609 shares

Bids Received (Subscription)

Emcure Pharma IPO subscribed in total, whereas Vraj Iron and Steel IPO subscribed 126.36x.

	Emcure Pharma IPO	Vraj Iron and Steel IPO
QIB (times)		173.99x
NII (times)		221.66x
Big NII (times)		217.50x
Small NII (times)		229.99x
RII (times)		58.31x
Employee (times)
Other (times)
Total (times)		126.36x

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