Ashoka Metcast IPO vs Medico Remedies IPO

Comparison between Ashoka Metcast IPO and Medico Remedies IPO.

IPO Details

Ashoka Metcast IPO is a SME Fixed Price IPO proposed to list at BSE SME while Medico Remedies IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Ashoka Metcast IPO is up to ₹11.38 Cr whereas the issue size of the Medico Remedies IPO is up to ₹10.42 Cr. The final issue price of Ashoka Metcast IPO is ₹20.00 per share and of Medico Remedies IPO is ₹100.00 per share.

 Ashoka Metcast IPOMedico Remedies IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹20.00 per share₹100.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size6000 shares1200 shares
Fresh Issue Size56,88,000 shares8,91,600 shares
Fresh Issue Size (Amount)up to ₹11.38 Crup to ₹8.92 Cr
OFS Issue Size0 shares1,50,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹1.50 Cr
Issue Size Total56,88,000 shares10,41,600 shares
Issue Size Total (Amount)up to ₹11.38 Crup to ₹10.42 Cr

IPO Timetable

Ashoka Metcast IPO opens on Jan 23, 2018, while Medico Remedies IPO opens on Jan 29, 2018. The closing date of Ashoka Metcast IPO and Medico Remedies IPO is Jan 25, 2018, and Jan 31, 2018, respectively.

 Ashoka Metcast IPOMedico Remedies IPO
Issue OpenJan 23, 2018Jan 29, 2018
Issue CloseJan 25, 2018Jan 31, 2018
Basis Of Allotment (Tentative)Jan 31, 2018Feb 05, 2018
Listing date (Tentative)Feb 05, 2018Feb 08, 2018

Financials & KPIs

Ashoka Metcast IPO P/E ratio is , as compared to Medico Remedies IPO P/E ratio of .

 Ashoka Metcast IPOMedico Remedies IPO
Financials

Company Financials (Restated)

Period Ended15 Nov 201731 Mar 201731 Mar 201631 Mar 2015
Assets16.5910.5818.281.28
Total Income6.520.100.000.01
Profit After Tax0.050.010.000.01
NET Worth9.320.010.000.00
Reserves and Surplus4.760.00-0.01-0.01
Total Borrowing5.050.101.28
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 201731 Mar 201731 Mar 201631 Mar 2015
Assets48.5948.2545.5435.74
Total Income29.7654.7866.9251.10
Profit After Tax0.401.631.130.79
NET Worth16.7716.3714.7413.61
Reserves and Surplus13.5713.1713.1412.01
Total Borrowing18.4218.5013.807.89
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.00%99.78%
Promoter Shareholding (Post-Issue)43.98%73.34%
Market Cap₹21.42 Cr.₹41.49 Cr.

Shares Offered

In the Ashoka Metcast IPO Retail Individual Investors (RII) are offered 28,44,000 shares while in Medico Remedies IPO retail investors are offered 28,44,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Ashoka Metcast IPO and 0 shares in Medico Remedies IPO.

 Ashoka Metcast IPOMedico Remedies IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation3,12,000 shares57,600 shares
QIB0 shares0 shares
NII28,44,000 shares5,20,800 shares
RII28,44,000 shares5,20,800 shares
Employee0 shares0 shares
Total56,88,000 shares10,41,600 shares

Bids Received (Subscription)

Ashoka Metcast IPO subscribed 1.57x in total, whereas Medico Remedies IPO subscribed 1.84x.

 Ashoka Metcast IPOMedico Remedies IPO
NII (times)0.51x1.16x
RII (times)2.63x2.52x
Total (times)1.57x1.84x

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Ashoka Metcast IPO Vs Medico Remedies IPO