DelaPlex IPO vs Megatherm Induction IPO

Comparison between DelaPlex IPO and Megatherm Induction IPO.

IPO Details

DelaPlex IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Megatherm Induction IPO is a SME Bookbuilding proposed to list at NSE SME.

	DelaPlex IPO	Megatherm Induction IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Shreni Shares Ltd.	Hem Securities Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Shreni Shares Ltd.	Hem Finlease Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of DelaPlex IPO is up to ₹43.73 Cr whereas the issue size of the Megatherm Induction IPO is up to ₹51.20 Cr. The final issue price of DelaPlex IPO is ₹192.00 per share and of Megatherm Induction IPO is ₹108.00 per share.

	DelaPlex IPO	Megatherm Induction IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹186.00 per share	₹100.00 per share
Issue Price (Upper)	₹192.00 per share	₹108.00 per share
Issue Price (Final)	₹192.00 per share	₹108.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	600 shares	1200 shares
Fresh Issue Size	16,77,600 shares	47,41,200 shares
Fresh Issue Size (Amount)	up to ₹32.21 Cr	up to ₹51.20 Cr
OFS Issue Size	6,00,000 shares	0 shares
OFS Issue Size (Amount)	up to ₹11.52 Cr	up to ₹0.00 Cr
Issue Size Total	22,77,600 shares	47,41,200 shares
Issue Size Total (Amount)	up to ₹43.73 Cr	up to ₹51.20 Cr

IPO Timetable

DelaPlex IPO opens on Jan 25, 2024, while Megatherm Induction IPO opens on Jan 29, 2024. The closing date of DelaPlex IPO and Megatherm Induction IPO is Jan 30, 2024, and Jan 31, 2024, respectively.

	DelaPlex IPO	Megatherm Induction IPO
Anchor Bid Date	Jan 24, 2024	Jan 25, 2024
Issue Open	Jan 25, 2024	Jan 29, 2024
Issue Close	Jan 30, 2024	Jan 31, 2024
Basis Of Allotment (Tentative)	Jan 31, 2024	Feb 01, 2024
Initiation of Refunds (Tentative)	Jan 31, 2024	Feb 02, 2024
Credit of Share (Tentative)	Feb 01, 2024	Feb 02, 2024
Listing date (Tentative)	Feb 02, 2024	Feb 05, 2024
Anchor Lockin End date 1	Mar 01, 2024	Mar 02, 2024
Anchor Lockin End date 2	Apr 30, 2024	May 01, 2024

Financials & KPIs

DelaPlex IPO P/E ratio is 17.75, as compared to Megatherm Induction IPO P/E ratio of 10.68.

DelaPlex IPO

Megatherm Induction IPO

Financials

DelaPlex Limited Financial Information (Restated)

DelaPlex Limited's revenue increased by 9.69% and profit after tax (PAT) rose by 29.23% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	3,185.45	2,638.33	1,790.90	1,100.77
Total Income	2,814.28	5,521.81	5,034.06	3,633.30
Profit After Tax	425.53	790.72	611.87	404.00
Net Worth	2,775.58	2,350.05	1,559.32	947.45
Reserves and Surplus	2,774.58	2,349.05	1,558.32	946.45
Amount in ₹ Lakhs

Megatherm Induction Limited Financial Information (Restated)

Megatherm Induction Limited's revenue increased by 41.37% and profit after tax (PAT) rose by 1171.94% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	21,040.28	19,197.87	17,262.76	14,645.06
Total Income	14,732.31	26,643.84	18,846.92	10,927.03
Profit After Tax	759.34	1,400.41	110.10	309.12
Net Worth	5,821.98	5,062.64	3,662.23	3,512.13
Reserves and Surplus	4,437.11	4,139.39	2,738.98	2,598.88
Total Borrowing	4,480.46	4,282.04	4,038.80	4,327.04
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100

98.92

Promoter Shareholding (Post-Issue)

73.66

72.71

P/E Ratio

17.75

10.68

Market Cap

₹174.91 Cr.

₹203.48 Cr.

ROE

40.45%

27.66%

ROCE

56.73%

27.47%

Debt/Equity

1.67

EPS

₹10.82

₹10.11

RoNW

56.73%

27.66%

Shares Offered

In the DelaPlex IPO Retail Individual Investors (RII) are offered 7,97,400 shares while in Megatherm Induction IPO retail investors are offered 7,97,400 shares. Qualified Institutional Buyers (QIB) are offered 4,55,400 shares in DelaPlex IPO and 9,48,000 shares in Megatherm Induction IPO.

	DelaPlex IPO	Megatherm Induction IPO
Anchor Investor Reserveration	6,82,800 shares	14,22,000 shares
Market Maker Reserveration	1,22,400 shares	2,50,800 shares
QIB	4,55,400 shares	9,48,000 shares
NII	3,42,000 shares	7,11,600 shares
RII	7,97,400 shares	16,59,600 shares
Employee
Others
Total	22,77,600 shares	47,41,200 shares

Bids Received (Subscription)

DelaPlex IPO subscribed 177.80x in total, whereas Megatherm Induction IPO subscribed 196.11x.

	DelaPlex IPO	Megatherm Induction IPO
QIB (times)	90.91x	105.14x
NII (times)	335.23x	307.04x
Big NII (times)
Small NII (times)
RII (times)	159.91x	200.51x
Employee (times)
Other (times)
Total (times)	177.80x	196.11x

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Megatherm Induction IPO	Harshdeep Hortico IPO
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