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AMIC Forging IPO vs Marinetrans IPO

Comparison between AMIC Forging IPO and Marinetrans IPO.

IPO Details

AMIC Forging IPO is a SME Fixed Price IPO proposed to list at BSE SME while Marinetrans IPO is a SME Fixed Price proposed to list at NSE SME.

 AMIC Forging IPOMarinetrans IPO
LogoAMIC Forging IPO LogoMarinetrans IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtBSE SMENSE SME
Lead ManagersGretex Corporate Services Ltd.Swaraj shares & securities Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerGretex Share Broking Pvt.Ltd.NNM Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of AMIC Forging IPO is up to ₹33.05 Cr whereas the issue size of the Marinetrans IPO is up to ₹10.36 Cr. The final issue price of AMIC Forging IPO is ₹126.00 per share and of Marinetrans IPO is ₹26.00 per share.

 AMIC Forging IPOMarinetrans IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹121.00 per share
Issue Price (Upper)₹126.00 per share
Issue Price (Final)₹126.00 per share₹26.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares4000 shares
Fresh Issue Size26,23,000 shares39,84,000 shares
Fresh Issue Size (Amount)up to ₹33.05 Crup to ₹10.36 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total26,23,000 shares39,84,000 shares
Issue Size Total (Amount)up to ₹33.05 Crup to ₹10.36 Cr

IPO Timetable

AMIC Forging IPO opens on Nov 29, 2023, while Marinetrans IPO opens on Nov 30, 2023. The closing date of AMIC Forging IPO and Marinetrans IPO is Dec 01, 2023, and Dec 05, 2023, respectively.

 AMIC Forging IPOMarinetrans IPO
Anchor Bid DateNov 28, 2023
Issue OpenNov 29, 2023Nov 30, 2023
Issue CloseDec 01, 2023Dec 05, 2023
Basis Of Allotment (Tentative)Dec 04, 2023Dec 06, 2023
Initiation of Refunds (Tentative)Dec 05, 2023Dec 07, 2023
Credit of Share (Tentative)Dec 05, 2023Dec 07, 2023
Listing date (Tentative)Dec 06, 2023Dec 08, 2023
Anchor Lockin End date 1Jan 03, 2024
Anchor Lockin End date 2Mar 03, 2024

Financials & KPIs

AMIC Forging IPO P/E ratio is 1.01, as compared to Marinetrans IPO P/E ratio of 14.53.

 AMIC Forging IPOMarinetrans IPO
Financials

Company Financials (Restated Consolidated)

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets63.6861.0831.6416.22
Total Income29.79116.8371.3926.43
Profit After Tax3.609.800.870.56
NET Worth23.3819.847.676.81
Reserves and Surplus22.5318.986.966.10
Total Borrowing2.873.8510.714.37
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 May 202331 Mar 202331 Mar 202231 Mar 2021
Assets26.1526.1923.0622.04
Total Income13.84150.37203.2796.13
Profit After Tax0.141.531.860.80
NET Worth16.1816.0414.5112.56
Total Borrowing6.045.582.532.12
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)78.38100.00
Promoter Shareholding (Post-Issue)57.74
P/E Ratio1.0114.53
Market Cap₹132.15 Cr.₹33.09 Cr.
ROE71.25%10.00%
ROCE55.78%11.29%
Debt/Equity0.260.35
EPS₹12.83₹1.79
RoNW49.40%9.53%

Shares Offered

In the AMIC Forging IPO Retail Individual Investors (RII) are offered 9,19,000 shares while in Marinetrans IPO retail investors are offered 9,19,000 shares. Qualified Institutional Buyers (QIB) are offered 5,24,000 shares in AMIC Forging IPO and in Marinetrans IPO.

 AMIC Forging IPOMarinetrans IPO
Anchor Investor Reservation7,86,000 shares
Market Maker Reservation1,39,000 shares2,16,000 shares
QIB5,24,000 shares
NII3,94,000 shares19,92,000 shares
RII9,19,000 shares19,92,000 shares
Employee
Others
Total26,23,000 shares39,84,000 shares

Bids Received (Subscription)

AMIC Forging IPO subscribed 289.05x in total, whereas Marinetrans IPO subscribed 33.00x.

 AMIC Forging IPOMarinetrans IPO
QIB (times)91.43x
NII (times)589.27x18.05x
Big NII (times)
Small NII (times)
RII (times)273.01x47.24x
Employee (times)
Other (times)
Total (times)289.05x33.00x

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AMIC Forging IPO Vs Marinetrans IPO