Comparison between eMudhra IPO and Tamilnad Mercantile Bank IPO.
eMudhra 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 eMudhra IPO is up to ₹412.79 Cr whereas the issue size of the Tamilnad Mercantile Bank IPO is up to ₹807.84 Cr. The final issue price of eMudhra IPO is ₹256.00 per share and of Tamilnad Mercantile Bank IPO is ₹510.00 per share.
| eMudhra IPO | Tamilnad Mercantile Bank IPO | |
|---|---|---|
| Face Value | ₹5 per share | ₹10 per share |
| Issue Price (Lower) | ₹243.00 per share | ₹500.00 per share |
| Issue Price (Upper) | ₹256.00 per share | ₹525.00 per share |
| Issue Price (Final) | ₹256.00 per share | ₹510.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 58 shares | 28 shares |
| Fresh Issue Size | 62,89,062 shares | 1,58,40,000 shares |
| Fresh Issue Size (Amount) | up to ₹161.00 Cr | up to ₹807.84 Cr |
| OFS Issue Size | 98,35,394 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹251.79 Cr | up to ₹0.00 Cr |
| Issue Size Total | 1,61,24,456 shares | 1,58,40,000 shares |
| Issue Size Total (Amount) | up to ₹412.79 Cr | up to ₹807.84 Cr |
eMudhra IPO opens on May 20, 2022, while Tamilnad Mercantile Bank IPO opens on Sep 05, 2022. The closing date of eMudhra IPO and Tamilnad Mercantile Bank IPO is May 24, 2022, and Sep 07, 2022, respectively.
| eMudhra IPO | Tamilnad Mercantile Bank IPO | |
|---|---|---|
| Anchor Bid Date | May 19, 2022 | Sep 02, 2022 |
| Issue Open | May 20, 2022 | Sep 05, 2022 |
| Issue Close | May 24, 2022 | Sep 07, 2022 |
| Basis Of Allotment (Tentative) | May 27, 2022 | Sep 12, 2022 |
| Initiation of Refunds (Tentative) | May 30, 2022 | Sep 13, 2022 |
| Credit of Share (Tentative) | May 31, 2022 | Sep 14, 2022 |
| Listing date (Tentative) | Jun 01, 2022 | Sep 15, 2022 |
| Anchor Lockin End date 1 | Jun 26, 2022 | Oct 12, 2022 |
| Anchor Lockin End date 2 | Aug 25, 2022 | Dec 11, 2022 |
eMudhra IPO P/E ratio is 49.42, as compared to Tamilnad Mercantile Bank IPO P/E ratio of 9.22.
| eMudhra IPO | Tamilnad Mercantile Bank IPO | |||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials ()
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 79.19 | |||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 61.03 | |||||||||||||||||||||||||||||||
| P/E Ratio | 49.42 | 9.22 | ||||||||||||||||||||||||||||||
| Market Cap | ₹1998.65 Cr. | ₹8313.45 Cr. | ||||||||||||||||||||||||||||||
| ROE | 24.2 | 16.58 | ||||||||||||||||||||||||||||||
| ROCE | 30.5 | |||||||||||||||||||||||||||||||
| Debt/Equity | 23.30 | |||||||||||||||||||||||||||||||
| EPS | ₹2.49 | ₹57.67 | ||||||||||||||||||||||||||||||
| RoNW | 16.26 | 15.4 | ||||||||||||||||||||||||||||||
In the eMudhra IPO Retail Individual Investors (RII) are offered 56,43,560 shares while in Tamilnad Mercantile Bank IPO retail investors are offered 56,43,560 shares. Qualified Institutional Buyers (QIB) are offered 32,24,891 shares in eMudhra IPO and 47,52,000 shares in Tamilnad Mercantile Bank IPO.
| eMudhra IPO | Tamilnad Mercantile Bank IPO | |
|---|---|---|
| Anchor Investor Reservation | 48,37,336 shares | 71,28,000 shares |
| Market Maker Reservation | ||
| QIB | 32,24,891 shares | 47,52,000 shares |
| NII | 24,18,669 shares | 23,76,000 shares |
| RII | 56,43,560 shares | 15,84,000 shares |
| Employee | ||
| Others | ||
| Total | 1,61,24,456 shares | 1,58,40,000 shares |
eMudhra IPO subscribed 2.72x in total, whereas Tamilnad Mercantile Bank IPO subscribed 2.86x.
| eMudhra IPO | Tamilnad Mercantile Bank IPO | |
|---|---|---|
| QIB (times) | 4.05x | 1.62x |
| NII (times) | 1.28x | 2.94x |
| Big NII (times) | 3.10x | |
| Small NII (times) | 2.63x | |
| RII (times) | 2.61x | 6.48x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 2.72x | 2.86x |
