Comparison between Aether Industries IPO and Harsha Engineers IPO.
Aether Industries IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Harsha Engineers 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 Harsha Engineers IPO is up to ₹755.00 Cr. The final issue price of Aether Industries IPO is ₹642.00 per share and of Harsha Engineers IPO is ₹330.00 per share.
| Aether Industries IPO | Harsha Engineers IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹610.00 per share | ₹314.00 per share |
| Issue Price (Upper) | ₹642.00 per share | ₹330.00 per share |
| Issue Price (Final) | ₹642.00 per share | ₹330.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹0.00 per share | ₹31.00 per share |
| Market Lot Size | 23 shares | 45 shares |
| Fresh Issue Size | 97,66,355 shares | 1,37,95,695 shares |
| Fresh Issue Size (Amount) | up to ₹627.00 Cr | up to ₹455.10 Cr |
| OFS Issue Size | 28,20,000 shares | 90,90,900 shares |
| OFS Issue Size (Amount) | up to ₹181.04 Cr | up to ₹299.90 Cr |
| Issue Size Total | 1,25,86,355 shares | 2,28,86,595 shares |
| Issue Size Total (Amount) | up to ₹808.04 Cr | up to ₹755.00 Cr |
Aether Industries IPO opens on May 24, 2022, while Harsha Engineers IPO opens on Sep 14, 2022. The closing date of Aether Industries IPO and Harsha Engineers IPO is May 26, 2022, and Sep 16, 2022, respectively.
| Aether Industries IPO | Harsha Engineers IPO | |
|---|---|---|
| Anchor Bid Date | May 23, 2022 | Sep 13, 2022 |
| Issue Open | May 24, 2022 | Sep 14, 2022 |
| Issue Close | May 26, 2022 | Sep 16, 2022 |
| Basis Of Allotment (Tentative) | May 31, 2022 | Sep 21, 2022 |
| Initiation of Refunds (Tentative) | Jun 01, 2022 | Sep 22, 2022 |
| Credit of Share (Tentative) | Jun 02, 2022 | Sep 23, 2022 |
| Listing date (Tentative) | Jun 03, 2022 | Sep 26, 2022 |
| Anchor Lockin End date 1 | Jun 30, 2022 | Oct 21, 2022 |
| Anchor Lockin End date 2 | Aug 29, 2022 | Dec 20, 2022 |
Aether Industries IPO P/E ratio is 72.3, as compared to Harsha Engineers IPO P/E ratio of 32.67.
| Aether Industries IPO | Harsha Engineers IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 96.96 | 99.70 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 87.09 | 74.6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 72.3 | 32.67 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹7991.79 Cr. | ₹3004.20 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 40.79 | 17 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 28.5 | 23 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.19 | 0.74 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹7.36 | ₹16.06 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 40.79 | 17.42 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Aether Industries IPO Retail Individual Investors (RII) are offered 43,66,245 shares while in Harsha Engineers IPO retail investors are offered 43,66,245 shares. Qualified Institutional Buyers (QIB) are offered 24,94,997 shares in Aether Industries IPO and 45,60,615 shares in Harsha Engineers IPO.
| Aether Industries IPO | Harsha Engineers IPO | |
|---|---|---|
| Anchor Investor Reservation | 37,42,495 shares | 68,40,855 shares |
| Market Maker Reservation | ||
| QIB | 24,94,997 shares | 45,60,615 shares |
| NII | 18,71,248 shares | 34,20,450 shares |
| RII | 43,66,245 shares | 79,81,065 shares |
| Employee | 1,11,370 shares | 83,610 shares |
| Others | ||
| Total | 1,25,86,355 shares | 2,28,86,595 shares |
Aether Industries IPO subscribed 6.26x in total, whereas Harsha Engineers IPO subscribed 74.70x.
| Aether Industries IPO | Harsha Engineers IPO | |
|---|---|---|
| QIB (times) | 17.57x | 178.26x |
| NII (times) | 2.52x | 71.32x |
| Big NII (times) | 74.78x | |
| Small NII (times) | 64.41x | |
| RII (times) | 1.14x | 17.63x |
| Employee (times) | 1.06x | 12.07x |
| Other (times) | ||
| Total (times) | 6.26x | 74.70x |
