Comparison between Harsha Engineers IPO and Tamilnad Mercantile Bank IPO.
Harsha Engineers 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 Harsha Engineers IPO is up to ₹755.00 Cr whereas the issue size of the Tamilnad Mercantile Bank IPO is up to ₹807.84 Cr. The final issue price of Harsha Engineers IPO is ₹330.00 per share and of Tamilnad Mercantile Bank IPO is ₹510.00 per share.
| Harsha Engineers IPO | Tamilnad Mercantile Bank IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹314.00 per share | ₹500.00 per share |
| Issue Price (Upper) | ₹330.00 per share | ₹525.00 per share |
| Issue Price (Final) | ₹330.00 per share | ₹510.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹31.00 per share | |
| Market Lot Size | 45 shares | 28 shares |
| Fresh Issue Size | 1,37,95,695 shares | 1,58,40,000 shares |
| Fresh Issue Size (Amount) | up to ₹455.10 Cr | up to ₹807.84 Cr |
| OFS Issue Size | 90,90,900 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹299.90 Cr | up to ₹0.00 Cr |
| Issue Size Total | 2,28,86,595 shares | 1,58,40,000 shares |
| Issue Size Total (Amount) | up to ₹755.00 Cr | up to ₹807.84 Cr |
Harsha Engineers IPO opens on Sep 14, 2022, while Tamilnad Mercantile Bank IPO opens on Sep 05, 2022. The closing date of Harsha Engineers IPO and Tamilnad Mercantile Bank IPO is Sep 16, 2022, and Sep 07, 2022, respectively.
| Harsha Engineers IPO | Tamilnad Mercantile Bank IPO | |
|---|---|---|
| Anchor Bid Date | Sep 13, 2022 | Sep 02, 2022 |
| Issue Open | Sep 14, 2022 | Sep 05, 2022 |
| Issue Close | Sep 16, 2022 | Sep 07, 2022 |
| Basis Of Allotment (Tentative) | Sep 21, 2022 | Sep 12, 2022 |
| Initiation of Refunds (Tentative) | Sep 22, 2022 | Sep 13, 2022 |
| Credit of Share (Tentative) | Sep 23, 2022 | Sep 14, 2022 |
| Listing date (Tentative) | Sep 26, 2022 | Sep 15, 2022 |
| Anchor Lockin End date 1 | Oct 21, 2022 | Oct 12, 2022 |
| Anchor Lockin End date 2 | Dec 20, 2022 | Dec 11, 2022 |
Harsha Engineers IPO P/E ratio is 32.67, as compared to Tamilnad Mercantile Bank IPO P/E ratio of 9.22.
| Harsha Engineers IPO | Tamilnad Mercantile Bank IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 99.70 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 74.6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 32.67 | 9.22 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹3004.20 Cr. | ₹8313.45 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 17 | 16.58 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 23 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.74 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹16.06 | ₹57.67 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 17.42 | 15.4 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Harsha Engineers IPO Retail Individual Investors (RII) are offered 79,81,065 shares while in Tamilnad Mercantile Bank IPO retail investors are offered 79,81,065 shares. Qualified Institutional Buyers (QIB) are offered 45,60,615 shares in Harsha Engineers IPO and 47,52,000 shares in Tamilnad Mercantile Bank IPO.
| Harsha Engineers IPO | Tamilnad Mercantile Bank IPO | |
|---|---|---|
| Anchor Investor Reservation | 68,40,855 shares | 71,28,000 shares |
| Market Maker Reservation | ||
| QIB | 45,60,615 shares | 47,52,000 shares |
| NII | 34,20,450 shares | 23,76,000 shares |
| RII | 79,81,065 shares | 15,84,000 shares |
| Employee | 83,610 shares | |
| Others | ||
| Total | 2,28,86,595 shares | 1,58,40,000 shares |
Harsha Engineers IPO subscribed 74.70x in total, whereas Tamilnad Mercantile Bank IPO subscribed 2.86x.
| Harsha Engineers IPO | Tamilnad Mercantile Bank IPO | |
|---|---|---|
| QIB (times) | 178.26x | 1.62x |
| NII (times) | 71.32x | 2.94x |
| Big NII (times) | 74.78x | 3.10x |
| Small NII (times) | 64.41x | 2.63x |
| RII (times) | 17.63x | 6.48x |
| Employee (times) | 12.07x | |
| Other (times) | ||
| Total (times) | 74.70x | 2.86x |
