Comparison between Aether Industries IPO and Tamilnad Mercantile Bank IPO.
Aether Industries IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Tamilnad Mercantile Bank IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Aether Industries IPO is up to ₹808.04 Cr whereas the issue size of the Tamilnad Mercantile Bank IPO is up to ₹807.84 Cr. The final issue price of Aether Industries IPO is ₹642.00 per share and of Tamilnad Mercantile Bank IPO is ₹510.00 per share.
| Aether Industries IPO | Tamilnad Mercantile Bank IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹610.00 per share | ₹500.00 per share |
| Issue Price (Upper) | ₹642.00 per share | ₹525.00 per share |
| Issue Price (Final) | ₹642.00 per share | ₹510.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹0.00 per share | |
| Market Lot Size | 23 shares | 28 shares |
| Fresh Issue Size | 97,66,355 shares | 1,58,40,000 shares |
| Fresh Issue Size (Amount) | up to ₹627.00 Cr | up to ₹807.84 Cr |
| OFS Issue Size | 28,20,000 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹181.04 Cr | up to ₹0.00 Cr |
| Issue Size Total | 1,25,86,355 shares | 1,58,40,000 shares |
| Issue Size Total (Amount) | up to ₹808.04 Cr | up to ₹807.84 Cr |
Aether Industries IPO opens on May 24, 2022, while Tamilnad Mercantile Bank IPO opens on Sep 05, 2022. The closing date of Aether Industries IPO and Tamilnad Mercantile Bank IPO is May 26, 2022, and Sep 07, 2022, respectively.
| Aether Industries IPO | Tamilnad Mercantile Bank IPO | |
|---|---|---|
| Anchor Bid Date | May 23, 2022 | Sep 02, 2022 |
| Issue Open | May 24, 2022 | Sep 05, 2022 |
| Issue Close | May 26, 2022 | Sep 07, 2022 |
| Basis Of Allotment (Tentative) | May 31, 2022 | Sep 12, 2022 |
| Initiation of Refunds (Tentative) | Jun 01, 2022 | Sep 13, 2022 |
| Credit of Share (Tentative) | Jun 02, 2022 | Sep 14, 2022 |
| Listing date (Tentative) | Jun 03, 2022 | Sep 15, 2022 |
| Anchor Lockin End date 1 | Jun 30, 2022 | Oct 12, 2022 |
| Anchor Lockin End date 2 | Aug 29, 2022 | Dec 11, 2022 |
Aether Industries IPO P/E ratio is 72.3, as compared to Tamilnad Mercantile Bank IPO P/E ratio of 9.22.
| Aether Industries IPO | Tamilnad Mercantile Bank IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 96.96 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 87.09 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 72.3 | 9.22 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹7991.79 Cr. | ₹8313.45 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 40.79 | 16.58 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 28.5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.19 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹7.36 | ₹57.67 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 40.79 | 15.4 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Aether Industries IPO Retail Individual Investors (RII) are offered 43,66,245 shares while in Tamilnad Mercantile Bank IPO retail investors are offered 43,66,245 shares. Qualified Institutional Buyers (QIB) are offered 24,94,997 shares in Aether Industries IPO and 47,52,000 shares in Tamilnad Mercantile Bank IPO.
| Aether Industries IPO | Tamilnad Mercantile Bank IPO | |
|---|---|---|
| Anchor Investor Reservation | 37,42,495 shares | 71,28,000 shares |
| Market Maker Reservation | ||
| QIB | 24,94,997 shares | 47,52,000 shares |
| NII | 18,71,248 shares | 23,76,000 shares |
| RII | 43,66,245 shares | 15,84,000 shares |
| Employee | 1,11,370 shares | |
| Others | ||
| Total | 1,25,86,355 shares | 1,58,40,000 shares |
Aether Industries IPO subscribed 6.26x in total, whereas Tamilnad Mercantile Bank IPO subscribed 2.86x.
| Aether Industries IPO | Tamilnad Mercantile Bank IPO | |
|---|---|---|
| QIB (times) | 17.57x | 1.62x |
| NII (times) | 2.52x | 2.94x |
| Big NII (times) | 3.10x | |
| Small NII (times) | 2.63x | |
| RII (times) | 1.14x | 6.48x |
| Employee (times) | 1.06x | |
| Other (times) | ||
| Total (times) | 6.26x | 2.86x |
