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Cellecor Gadgets IPO vs Madhusudan Masala IPO

Comparison between Cellecor Gadgets IPO and Madhusudan Masala IPO.

IPO Details

Cellecor Gadgets IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Madhusudan Masala IPO is a SME Bookbuilding proposed to list at NSE SME.

 Cellecor Gadgets IPOMadhusudan Masala IPO
LogoCellecor Gadgets IPO LogoMadhusudan Masala IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersNarnolia Financial Services Ltd.Hem Securities Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerSS Corporate Securities Ltd.Hem Finlease Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Cellecor Gadgets IPO is up to ₹48.23 Cr whereas the issue size of the Madhusudan Masala IPO is up to ₹22.60 Cr. The final issue price of Cellecor Gadgets IPO is ₹92.00 per share and of Madhusudan Masala IPO is ₹70.00 per share.

 Cellecor Gadgets IPOMadhusudan Masala IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹87.00 per share₹66.00 per share
Issue Price (Upper)₹92.00 per share₹70.00 per share
Issue Price (Final)₹92.00 per share₹70.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares2000 shares
Fresh Issue Size52,42,800 shares32,28,000 shares
Fresh Issue Size (Amount)up to ₹48.23 Crup to ₹22.60 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total52,42,800 shares32,28,000 shares
Issue Size Total (Amount)up to ₹48.23 Crup to ₹22.60 Cr

IPO Timetable

Cellecor Gadgets IPO opens on Sep 15, 2023, while Madhusudan Masala IPO opens on Sep 18, 2023. The closing date of Cellecor Gadgets IPO and Madhusudan Masala IPO is Sep 20, 2023, and Sep 21, 2023, respectively.

 Cellecor Gadgets IPOMadhusudan Masala IPO
Anchor Bid DateSep 14, 2023Sep 15, 2023
Issue OpenSep 15, 2023Sep 18, 2023
Issue CloseSep 20, 2023Sep 21, 2023
Basis Of Allotment (Tentative)Sep 25, 2023Sep 26, 2023
Initiation of Refunds (Tentative)Sep 26, 2023Sep 27, 2023
Credit of Share (Tentative)Sep 27, 2023Sep 29, 2023
Listing date (Tentative)Sep 28, 2023Sep 26, 2023
Anchor Lockin End date 1Oct 25, 2023Oct 26, 2023
Anchor Lockin End date 2Dec 24, 2023Dec 25, 2023

Financials & KPIs

Cellecor Gadgets IPO P/E ratio is 13.45, as compared to Madhusudan Masala IPO P/E ratio of 10.08.

 Cellecor Gadgets IPOMadhusudan Masala IPO
Financials
Cellecor Gadgets IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets10.002,367.237,002.52
Total Income0.0012,128.9926,436.56
Profit After Tax-2.42213.56797.07
Net Worth7.58221.141,381.26
Reserves and Surplus-2.42211.141,369.94
Total Borrowing121.752,084.38
Amount in ₹ Lakhs
Madhusudan Masala IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets2,599.903,514.295,736.52
Total Income6,875.186,651.8112,750.57
Profit After Tax44.9881.29575.89
Net Worth1,094.0931.071,099.10
Reserves and Surplus30.07599.10
Total Borrowing966.402,819.534,217.20
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)69.95100.00
Promoter Shareholding (Post-Issue)51.5473.64
P/E Ratio13.4510.08
Market Cap₹192.90 Cr.₹90.30 Cr.
ROE57.71%101.91%
ROCE63.88%20.08%
Debt/Equity1.513.84
EPS₹6.84₹6.94
RoNW57.71%52.40%

Shares Offered

In the Cellecor Gadgets IPO Retail Individual Investors (RII) are offered 18,34,800 shares while in Madhusudan Masala IPO retail investors are offered 18,34,800 shares. Qualified Institutional Buyers (QIB) are offered 10,48,800 shares in Cellecor Gadgets IPO and 6,46,000 shares in Madhusudan Masala IPO.

 Cellecor Gadgets IPOMadhusudan Masala IPO
Anchor Investor Reserveration15,72,000 shares9,66,000 shares
Market Maker Reserveration2,76,000 shares1,72,000 shares
QIB10,48,800 shares6,46,000 shares
NII7,87,200 shares4,86,000 shares
RII18,34,800 shares11,30,000 shares
Employee
Others
Total52,42,800 shares32,28,000 shares

Bids Received (Subscription)

Cellecor Gadgets IPO subscribed 116.33x in total, whereas Madhusudan Masala IPO subscribed 444.27x.

 Cellecor Gadgets IPOMadhusudan Masala IPO
QIB (times)57.58x86.91x
NII (times)176.54x574.08x
Big NII (times)
Small NII (times)
RII (times)124.08x592.73x
Employee (times)
Other (times)
Total (times)116.33x444.27x