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 J.P. Morgan India Private Limited Jefferies India Private Limited	Aryaman Financial Services Limited
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt 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 Emcure Pharma IPO is up to ₹1,952.03 Cr 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 ₹1,008.00 per share 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)	₹960.00 per share	₹195.00 per share
Issue Price (Upper)	₹1,008.00 per share	₹207.00 per share
Issue Price (Final)	₹1,008.00 per share	₹207.00 per share
Discount (Retail)
Discount (Employee)	₹90.00 per share
Market Lot Size	14 shares	72 shares
Fresh Issue Size	79,36,507 shares	82,60,870 shares
Fresh Issue Size (Amount)	up to ₹800.00 Cr	up to ₹171.00 Cr
OFS Issue Size	1,14,28,839 shares
OFS Issue Size (Amount)	up to ₹1,152.03 Cr
Issue Size Total	1,93,65,346 shares	82,60,870 shares
Issue Size Total (Amount)	up to ₹1,952.03 Cr	up to ₹171.00 Cr

IPO Timetable

Emcure Pharma IPO opens on Jul 03, 2024, 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 Jul 05, 2024, and Jun 28, 2024, respectively.

	Emcure Pharma IPO	Vraj Iron and Steel IPO
Anchor Bid Date	Jul 02, 2024	Jun 25, 2024
Issue Open	Jul 03, 2024	Jun 26, 2024
Issue Close	Jul 05, 2024	Jun 28, 2024
Basis Of Allotment (Tentative)	Jul 08, 2024	Jul 01, 2024
Initiation of Refunds (Tentative)	Jul 09, 2024	Jul 02, 2024
Credit of Share (Tentative)	Jul 09, 2024	Jul 02, 2024
Listing date (Tentative)	Jul 10, 2024	Jul 03, 2024
Anchor Lockin End date 1	Aug 07, 2024	Jul 31, 2024
Anchor Lockin End date 2	Oct 06, 2024	Sep 29, 2024

Financials

Emcure Pharma IPO P/E ratio is 34.55, as compared to Vraj Iron and Steel IPO P/E ratio of 9.48.

Emcure Pharma IPO

Vraj Iron and Steel IPO

Financial

Emcure Pharmaceuticals Limited Financial Information (Restated Consolidated)

Emcure Pharmaceuticals Limited's revenue increased by 11.33% and profit after tax (PAT) dropped by -6.1% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	7,806.16	6,672.53	6,063.47
Revenue	6,715.24	6,031.72	5,918.86
Profit After Tax	527.58	561.85	702.56
Net Worth	2,952.28	2,501.13	1,987.55
Reserves and Surplus	2,722.40	2,293.77	1,791.03
Total Borrowing	2,091.94	2,202.42	2,102.19
Amount in ₹ Crore

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)

98.90%

99.99%

Promoter Shareholding (Post-Issue)

78.24%

P/E Ratio

34.55

9.48

Market Cap

₹19029.89 Cr.

₹682.74 Cr.

ROE

16.90%%

23.78%%

ROCE

19.37%%

25.34%%

Debt/Equity

0.67

0.27

EPS

₹29.17

₹21.84

RoNW

16.87%%

23.78%%

Shares Offered

In the Emcure Pharma IPO retail investors (RII) are offered 67,43,160 shares while in Vraj Iron and Steel IPO retail investors are offered 67,43,160 shares. Qualified institutional buyers (QIB) are offered 38,53,234 shares 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	57,79,850 shares	24,78,259 shares
Market Maker Reserveration
QIB	38,53,234 shares	16,52,174 shares
NII	28,89,926 shares	12,39,130 shares
RII	67,43,160 shares	28,91,305 shares
Employee	1,08,900 shares	0 shares
Others
Total	1,37,03,538 shares	57,82,609 shares

Bids Received (Subscription)

Emcure Pharma IPO subscribed 67.87x in total, whereas Vraj Iron and Steel IPO subscribed 126.36x.

	Emcure Pharma IPO	Vraj Iron and Steel IPO
QIB (times)	191.24x	173.99x
NII (times)	49.32x	221.66x
Big NII (times)	54.90x	217.50x
Small NII (times)	38.16x	229.99x
RII (times)	7.36x	58.31x
Employee (times)	8.81x
Other (times)
Total (times)	67.87x	126.36x

Compare with others

Emcure Pharma IPO	Vraj Iron and Steel IPO
Brainbees Solutions (Firstcry) IPO	Akums Drugs and Pharmaceuticals IPO
Ceigall India IPO	Sanstar IPO
Akums Drugs and Pharmaceuticals IPO	Bansal Wire IPO
Sanstar IPO	Emcure Pharma IPO
Bansal Wire IPO	OLA Electric IPO
OLA Electric IPO	Aasaan Loans IPO
Vraj Iron and Steel IPO	Stanley Lifestyles IPO
Aasaan Loans IPO	DEE Piping Systems IPO
Stanley Lifestyles IPO	ixigo IPO
DEE Piping Systems IPO	Kronox Lab Sciences IPO

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