Comparison between Harsha Engineers IPO and Syrma SGS Technology IPO.
Harsha Engineers IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Syrma SGS Technology 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 Syrma SGS Technology IPO is up to ₹840.13 Cr. The final issue price of Harsha Engineers IPO is ₹330.00 per share and of Syrma SGS Technology IPO is ₹220.00 per share.
| Harsha Engineers IPO | Syrma SGS Technology IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹314.00 per share | ₹209.00 per share |
| Issue Price (Upper) | ₹330.00 per share | ₹220.00 per share |
| Issue Price (Final) | ₹330.00 per share | ₹220.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹31.00 per share | |
| Market Lot Size | 45 shares | 68 shares |
| Fresh Issue Size | 1,37,95,695 shares | 3,48,18,181 shares |
| Fresh Issue Size (Amount) | up to ₹455.10 Cr | up to ₹766.00 Cr |
| OFS Issue Size | 90,90,900 shares | 33,69,360 shares |
| OFS Issue Size (Amount) | up to ₹299.90 Cr | up to ₹74.13 Cr |
| Issue Size Total | 2,28,86,595 shares | 3,81,87,541 shares |
| Issue Size Total (Amount) | up to ₹755.00 Cr | up to ₹840.13 Cr |
Harsha Engineers IPO opens on Sep 14, 2022, while Syrma SGS Technology IPO opens on Aug 12, 2022. The closing date of Harsha Engineers IPO and Syrma SGS Technology IPO is Sep 16, 2022, and Aug 18, 2022, respectively.
| Harsha Engineers IPO | Syrma SGS Technology IPO | |
|---|---|---|
| Anchor Bid Date | Sep 13, 2022 | Aug 11, 2022 |
| Issue Open | Sep 14, 2022 | Aug 12, 2022 |
| Issue Close | Sep 16, 2022 | Aug 18, 2022 |
| Basis Of Allotment (Tentative) | Sep 21, 2022 | Aug 23, 2022 |
| Initiation of Refunds (Tentative) | Sep 22, 2022 | Aug 24, 2022 |
| Credit of Share (Tentative) | Sep 23, 2022 | Aug 25, 2022 |
| Listing date (Tentative) | Sep 26, 2022 | Aug 26, 2022 |
| Anchor Lockin End date 1 | Oct 21, 2022 | Sep 22, 2022 |
| Anchor Lockin End date 2 | Dec 20, 2022 | Nov 21, 2022 |
Harsha Engineers IPO P/E ratio is 32.67, as compared to Syrma SGS Technology IPO P/E ratio of 50.69.
| Harsha Engineers IPO | Syrma SGS Technology 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 | 50.69 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹3004.20 Cr. | ₹3877.04 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 17 | 7.83 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 23 | 18.39 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.74 | 0.24 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹16.06 | ₹2.69 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 17.42 | 7.83 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Harsha Engineers IPO Retail Individual Investors (RII) are offered 79,81,065 shares while in Syrma SGS Technology IPO retail investors are offered 79,81,065 shares. Qualified Institutional Buyers (QIB) are offered 45,60,615 shares in Harsha Engineers IPO and 76,37,508 shares in Syrma SGS Technology IPO.
| Harsha Engineers IPO | Syrma SGS Technology IPO | |
|---|---|---|
| Anchor Investor Reservation | 68,40,855 shares | 1,14,56,261 shares |
| Market Maker Reservation | ||
| QIB | 45,60,615 shares | 76,37,508 shares |
| NII | 34,20,450 shares | 57,28,132 shares |
| RII | 79,81,065 shares | 1,33,65,640 shares |
| Employee | 83,610 shares | |
| Others | ||
| Total | 2,28,86,595 shares | 3,81,87,541 shares |
Harsha Engineers IPO subscribed 74.70x in total, whereas Syrma SGS Technology IPO subscribed 32.61x.
| Harsha Engineers IPO | Syrma SGS Technology IPO | |
|---|---|---|
| QIB (times) | 178.26x | 87.56x |
| NII (times) | 71.32x | 17.50x |
| Big NII (times) | 74.78x | 19.01x |
| Small NII (times) | 64.41x | 14.47x |
| RII (times) | 17.63x | 5.53x |
| Employee (times) | 12.07x | |
| Other (times) | ||
| Total (times) | 74.70x | 32.61x |
