Kernex Microsystems IPO vs Tulip IT Services IPO

Comparison between Kernex Microsystems IPO and Tulip IT Services IPO.

IPO Details

Kernex Microsystems IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Tulip IT Services IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Kernex Microsystems IPO is up to ₹99.01 Cr whereas the issue size of the Tulip IT Services IPO is up to ₹108.00 Cr. The final issue price of Kernex Microsystems IPO is ₹250.00 per share and of Tulip IT Services IPO is ₹120.00 per share.

 Kernex Microsystems IPOTulip IT Services IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹225.00 per share₹100.00 per share
Issue Price (Upper)₹250.00 per share₹120.00 per share
Issue Price (Final)₹250.00 per share₹120.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size
Fresh Issue Size39,60,444 shares90,00,000 shares
Fresh Issue Size (Amount)up to ₹99.01 Crup to ₹108.00 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total39,60,444 shares90,00,000 shares
Issue Size Total (Amount)up to ₹99.01 Crup to ₹108.00 Cr

IPO Timetable

Kernex Microsystems IPO opens on Nov 28, 2005, while Tulip IT Services IPO opens on Dec 09, 2005. The closing date of Kernex Microsystems IPO and Tulip IT Services IPO is Dec 03, 2005, and Dec 15, 2005, respectively.

Financials & KPIs

Kernex Microsystems IPO P/E ratio is 20.67, as compared to Tulip IT Services IPO P/E ratio of 17.12.

 Kernex Microsystems IPOTulip IT Services IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Aug 200531 Mar 200531 Mar 2004
Assets34.6426.4322.10
Total Income19.4253.2818.06
Profit After Tax6.248.963.09
Reserves and Surplus17.2210.983.20
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Sep 200531 Mar 200531 Mar 2004
Assets93.5269.9231.61
Total Income195.81343.86276.12
Profit After Tax16.7314.026.67
NET Worth53.1646.7618.74
Reserves and Surplus31.5720.856.83
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)90.34100
Promoter Shareholding (Post-Issue)58.8668.97
P/E Ratio20.6717.12
Market Cap₹284.08 Cr.₹348.00 Cr.
ROE
ROCE
Debt/Equity
EPS₹12.10₹7.01
RoNW36.4929.98

Shares Offered

In the Kernex Microsystems IPO Retail Individual Investors (RII) are offered 13,86,157 shares while in Tulip IT Services IPO retail investors are offered 13,86,157 shares. Qualified Institutional Buyers (QIB) are offered 19,80,220 shares in Kernex Microsystems IPO and 40,50,000 shares in Tulip IT Services IPO.

 Kernex Microsystems IPOTulip IT Services IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation0 shares0 shares
QIB19,80,220 shares40,50,000 shares
NII5,94,067 shares12,15,000 shares
RII13,86,157 shares28,35,000 shares
Employee0 shares9,00,000 shares
Others
Total39,60,444 shares90,00,000 shares

Bids Received (Subscription)

Kernex Microsystems IPO subscribed in total, whereas Tulip IT Services IPO subscribed .

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