Aether Industries IPO vs eMudhra IPO

Comparison between Aether Industries IPO and eMudhra IPO.

IPO Details

Aether Industries IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while eMudhra IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Aether Industries IPO is up to ₹808.04 Cr whereas the issue size of the eMudhra IPO is up to ₹412.79 Cr. The final issue price of Aether Industries IPO is ₹642.00 per share and of eMudhra IPO is ₹256.00 per share.

 Aether Industries IPOeMudhra IPO
Face Value₹10 per share₹5 per share
Issue Price (Lower)₹610.00 per share₹243.00 per share
Issue Price (Upper)₹642.00 per share₹256.00 per share
Issue Price (Final)₹642.00 per share₹256.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size23 shares58 shares
Fresh Issue Size97,66,355 shares62,89,062 shares
Fresh Issue Size (Amount)up to ₹627.00 Crup to ₹161.00 Cr
OFS Issue Size28,20,000 shares98,35,394 shares
OFS Issue Size (Amount)up to ₹181.04 Crup to ₹251.79 Cr
Issue Size Total1,25,86,355 shares1,61,24,456 shares
Issue Size Total (Amount)up to ₹808.04 Crup to ₹412.79 Cr

IPO Timetable

Aether Industries IPO opens on May 24, 2022, while eMudhra IPO opens on May 20, 2022. The closing date of Aether Industries IPO and eMudhra IPO is May 26, 2022, and May 24, 2022, respectively.

 Aether Industries IPOeMudhra IPO
Anchor Bid DateMay 23, 2022May 19, 2022
Issue OpenMay 24, 2022May 20, 2022
Issue CloseMay 26, 2022May 24, 2022
Basis Of Allotment (Tentative)May 31, 2022May 27, 2022
Initiation of Refunds (Tentative)Jun 01, 2022May 30, 2022
Credit of Share (Tentative)Jun 02, 2022May 31, 2022
Listing date (Tentative)Jun 03, 2022Jun 01, 2022
Anchor Lockin End date 1Jun 30, 2022Jun 26, 2022
Anchor Lockin End date 2Aug 29, 2022Aug 25, 2022

Financials & KPIs

Aether Industries IPO P/E ratio is 72.3, as compared to eMudhra IPO P/E ratio of 49.42.

 Aether Industries IPOeMudhra IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 202131 Mar 202131 Mar 202031 Mar 2019
Assets709.56452.94300.47206.68
Total Income449.32453.79303.78203.28
Profit After Tax82.9071.1239.9623.34
Amount in ₹ Crore

Company Financials ()

Period Ended
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)96.9679.19
Promoter Shareholding (Post-Issue)87.0961.03
P/E Ratio72.349.42
Market Cap₹7991.79 Cr.₹1998.65 Cr.
ROE40.7924.2
ROCE28.530.5
Debt/Equity1.1923.30
EPS₹7.36₹2.49
RoNW40.7916.26

Shares Offered

In the Aether Industries IPO Retail Individual Investors (RII) are offered 43,66,245 shares while in eMudhra IPO retail investors are offered 43,66,245 shares. Qualified Institutional Buyers (QIB) are offered 24,94,997 shares in Aether Industries IPO and 32,24,891 shares in eMudhra IPO.

 Aether Industries IPOeMudhra IPO
Anchor Investor Reservation37,42,495 shares48,37,336 shares
Market Maker Reservation
QIB24,94,997 shares32,24,891 shares
NII18,71,248 shares24,18,669 shares
RII43,66,245 shares56,43,560 shares
Employee1,11,370 shares
Others
Total1,25,86,355 shares1,61,24,456 shares

Bids Received (Subscription)

Aether Industries IPO subscribed 6.26x in total, whereas eMudhra IPO subscribed 2.72x.

 Aether Industries IPOeMudhra IPO
QIB (times)17.57x4.05x
NII (times)2.52x1.28x
Big NII (times)
Small NII (times)
RII (times)1.14x2.61x
Employee (times)1.06x
Other (times)
Total (times)6.26x2.72x

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