Comparison between Syrma SGS Technology IPO and Tamilnad Mercantile Bank IPO.
Syrma SGS 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 Syrma SGS Technology IPO is up to ₹840.13 Cr whereas the issue size of the Tamilnad Mercantile Bank IPO is up to ₹807.84 Cr. The final issue price of Syrma SGS Technology IPO is ₹220.00 per share and of Tamilnad Mercantile Bank IPO is ₹510.00 per share.
| Syrma SGS Technology IPO | Tamilnad Mercantile Bank IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹209.00 per share | ₹500.00 per share |
| Issue Price (Upper) | ₹220.00 per share | ₹525.00 per share |
| Issue Price (Final) | ₹220.00 per share | ₹510.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 68 shares | 28 shares |
| Fresh Issue Size | 3,48,18,181 shares | 1,58,40,000 shares |
| Fresh Issue Size (Amount) | up to ₹766.00 Cr | up to ₹807.84 Cr |
| OFS Issue Size | 33,69,360 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹74.13 Cr | up to ₹0.00 Cr |
| Issue Size Total | 3,81,87,541 shares | 1,58,40,000 shares |
| Issue Size Total (Amount) | up to ₹840.13 Cr | up to ₹807.84 Cr |
Syrma SGS Technology IPO opens on Aug 12, 2022, while Tamilnad Mercantile Bank IPO opens on Sep 05, 2022. The closing date of Syrma SGS Technology IPO and Tamilnad Mercantile Bank IPO is Aug 18, 2022, and Sep 07, 2022, respectively.
| Syrma SGS Technology IPO | Tamilnad Mercantile Bank IPO | |
|---|---|---|
| Anchor Bid Date | Aug 11, 2022 | Sep 02, 2022 |
| Issue Open | Aug 12, 2022 | Sep 05, 2022 |
| Issue Close | Aug 18, 2022 | Sep 07, 2022 |
| Basis Of Allotment (Tentative) | Aug 23, 2022 | Sep 12, 2022 |
| Initiation of Refunds (Tentative) | Aug 24, 2022 | Sep 13, 2022 |
| Credit of Share (Tentative) | Aug 25, 2022 | Sep 14, 2022 |
| Listing date (Tentative) | Aug 26, 2022 | Sep 15, 2022 |
| Anchor Lockin End date 1 | Sep 22, 2022 | Oct 12, 2022 |
| Anchor Lockin End date 2 | Nov 21, 2022 | Dec 11, 2022 |
Syrma SGS Technology IPO P/E ratio is 50.69, as compared to Tamilnad Mercantile Bank IPO P/E ratio of 9.22.
| Syrma SGS Technology IPO | Tamilnad Mercantile Bank IPO | |||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | ||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 50.69 | 9.22 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹3877.04 Cr. | ₹8313.45 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 7.83 | 16.58 | ||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 18.39 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.24 | |||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹2.69 | ₹57.67 | ||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 7.83 | 15.4 | ||||||||||||||||||||||||||||||||||||||||||||||||
In the Syrma SGS Technology IPO Retail Individual Investors (RII) are offered 1,33,65,640 shares while in Tamilnad Mercantile Bank IPO retail investors are offered 1,33,65,640 shares. Qualified Institutional Buyers (QIB) are offered 76,37,508 shares in Syrma SGS Technology IPO and 47,52,000 shares in Tamilnad Mercantile Bank IPO.
| Syrma SGS Technology IPO | Tamilnad Mercantile Bank IPO | |
|---|---|---|
| Anchor Investor Reservation | 1,14,56,261 shares | 71,28,000 shares |
| Market Maker Reservation | ||
| QIB | 76,37,508 shares | 47,52,000 shares |
| NII | 57,28,132 shares | 23,76,000 shares |
| RII | 1,33,65,640 shares | 15,84,000 shares |
| Employee | ||
| Others | ||
| Total | 3,81,87,541 shares | 1,58,40,000 shares |
Syrma SGS Technology IPO subscribed 32.61x in total, whereas Tamilnad Mercantile Bank IPO subscribed 2.86x.
| Syrma SGS Technology IPO | Tamilnad Mercantile Bank IPO | |
|---|---|---|
| QIB (times) | 87.56x | 1.62x |
| NII (times) | 17.50x | 2.94x |
| Big NII (times) | 19.01x | 3.10x |
| Small NII (times) | 14.47x | 2.63x |
| RII (times) | 5.53x | 6.48x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 32.61x | 2.86x |
