Comparison between Kaynes Technology IPO and Tamilnad Mercantile Bank IPO.
Kaynes Technology 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 Kaynes Technology IPO is up to ₹857.82 Cr whereas the issue size of the Tamilnad Mercantile Bank IPO is up to ₹807.84 Cr. The final issue price of Kaynes Technology IPO is ₹587.00 per share and of Tamilnad Mercantile Bank IPO is ₹510.00 per share.
| Kaynes Technology IPO | Tamilnad Mercantile Bank IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹559.00 per share | ₹500.00 per share |
| Issue Price (Upper) | ₹587.00 per share | ₹525.00 per share |
| Issue Price (Final) | ₹587.00 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 | 25 shares | 28 shares |
| Fresh Issue Size | 90,28,960 shares | 1,58,40,000 shares |
| Fresh Issue Size (Amount) | up to ₹530.00 Cr | up to ₹807.84 Cr |
| OFS Issue Size | 55,84,664 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹327.82 Cr | up to ₹0.00 Cr |
| Issue Size Total | 1,46,13,624 shares | 1,58,40,000 shares |
| Issue Size Total (Amount) | up to ₹857.82 Cr | up to ₹807.84 Cr |
Kaynes Technology IPO opens on Nov 10, 2022, while Tamilnad Mercantile Bank IPO opens on Sep 05, 2022. The closing date of Kaynes Technology IPO and Tamilnad Mercantile Bank IPO is Nov 14, 2022, and Sep 07, 2022, respectively.
| Kaynes Technology IPO | Tamilnad Mercantile Bank IPO | |
|---|---|---|
| Anchor Bid Date | Nov 09, 2022 | Sep 02, 2022 |
| Issue Open | Nov 10, 2022 | Sep 05, 2022 |
| Issue Close | Nov 14, 2022 | Sep 07, 2022 |
| Basis Of Allotment (Tentative) | Nov 17, 2022 | Sep 12, 2022 |
| Initiation of Refunds (Tentative) | Nov 18, 2022 | Sep 13, 2022 |
| Credit of Share (Tentative) | Nov 21, 2022 | Sep 14, 2022 |
| Listing date (Tentative) | Nov 22, 2022 | Sep 15, 2022 |
| Anchor Lockin End date 1 | Dec 17, 2022 | Oct 12, 2022 |
| Anchor Lockin End date 2 | Feb 15, 2023 | Dec 11, 2022 |
Kaynes Technology IPO P/E ratio is 84.95, as compared to Tamilnad Mercantile Bank IPO P/E ratio of 9.22.
| Kaynes Technology IPO | Tamilnad Mercantile Bank IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 79.78 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 67.39 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 84.95 | 9.22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹3412.97 Cr. | ₹8313.45 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 24.5 | 16.58 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 24.44 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.84 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹9.70 | ₹57.67 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 20.54 | 15.4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Kaynes Technology IPO Retail Individual Investors (RII) are offered 51,05,825 shares while in Tamilnad Mercantile Bank IPO retail investors are offered 51,05,825 shares. Qualified Institutional Buyers (QIB) are offered 29,17,614 shares in Kaynes Technology IPO and 47,52,000 shares in Tamilnad Mercantile Bank IPO.
| Kaynes Technology IPO | Tamilnad Mercantile Bank IPO | |
|---|---|---|
| Anchor Investor Reservation | 43,76,421 shares | 71,28,000 shares |
| Market Maker Reservation | ||
| QIB | 29,17,614 shares | 47,52,000 shares |
| NII | 21,88,211 shares | 23,76,000 shares |
| RII | 51,05,825 shares | 15,84,000 shares |
| Employee | 25,553 shares | |
| Others | ||
| Total | 1,46,13,624 shares | 1,58,40,000 shares |
Kaynes Technology IPO subscribed 34.16x in total, whereas Tamilnad Mercantile Bank IPO subscribed 2.86x.
| Kaynes Technology IPO | Tamilnad Mercantile Bank IPO | |
|---|---|---|
| QIB (times) | 98.47x | 1.62x |
| NII (times) | 21.21x | 2.94x |
| Big NII (times) | 23.07x | 3.10x |
| Small NII (times) | 17.47x | 2.63x |
| RII (times) | 4.10x | 6.48x |
| Employee (times) | 11.92x | |
| Other (times) | ||
| Total (times) | 34.16x | 2.86x |
