Hi-Green Carbon IPO vs Master Components IPO

Comparison between Hi-Green Carbon IPO and Master Components IPO.

IPO Details

Hi-Green Carbon IPO is a SME Fixed Price IPO proposed to list at NSE SME while Master Components IPO is a SME Fixed Price proposed to list at NSE SME.

	Hi-Green Carbon IPO	Master Components IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Fixed Price
Listing At	NSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt.Ltd.	Aryaman Financial Services Ltd.
Registrar	MUFG Intime India Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Spread X Securities Pvt.Ltd.	Aryaman Capital Markets Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Hi-Green Carbon IPO is up to ₹49.64 Cr whereas the issue size of the Master Components IPO is up to ₹14.64 Cr. The final issue price of Hi-Green Carbon IPO is ₹75.00 per share and of Master Components IPO is ₹140.00 per share.

	Hi-Green Carbon IPO	Master Components IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹71.00 per share
Issue Price (Upper)	₹75.00 per share
Issue Price (Final)	₹75.00 per share	₹140.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1600 shares	1000 shares
Fresh Issue Size	55,69,200 shares	6,44,000 shares
Fresh Issue Size (Amount)	up to ₹41.77 Cr	up to ₹9.02 Cr
OFS Issue Size	10,50,000 shares	4,02,000 shares
OFS Issue Size (Amount)	up to ₹7.88 Cr	up to ₹5.63 Cr
Issue Size Total	66,19,200 shares	10,46,000 shares
Issue Size Total (Amount)	up to ₹49.64 Cr	up to ₹14.64 Cr

IPO Timetable

Hi-Green Carbon IPO opens on Sep 21, 2023, while Master Components IPO opens on Sep 18, 2023. The closing date of Hi-Green Carbon IPO and Master Components IPO is Sep 25, 2023, and Sep 21, 2023, respectively.

	Hi-Green Carbon IPO	Master Components IPO
Anchor Bid Date	Sep 20, 2023
Issue Open	Sep 21, 2023	Sep 18, 2023
Issue Close	Sep 25, 2023	Sep 21, 2023
Basis Of Allotment (Tentative)	Sep 28, 2023	Sep 26, 2023
Initiation of Refunds (Tentative)	Sep 29, 2023	Sep 27, 2023
Credit of Share (Tentative)	Oct 03, 2023	Sep 28, 2023
Listing date (Tentative)	Sep 28, 2023	Sep 29, 2023
Anchor Lockin End date 1	Oct 28, 2023
Anchor Lockin End date 2	Dec 27, 2023

Financials & KPIs

Hi-Green Carbon IPO P/E ratio is 13.13, as compared to Master Components IPO P/E ratio of 27.09.

Hi-Green Carbon IPO

Master Components IPO

Financials

Hi-Green Carbon IPO Financial Information (Restated Standalone)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	3,310.91	3,424.36	4,387.83
Total Income	2,429.39	5,113.95	7,903.90
Profit After Tax	9.59	367.95	1,084.78
Net Worth	806.28	1,174.23	2,259.02
Reserves and Surplus	-1,093.72	-725.77	359.02
Total Borrowing	1,783.10	1,586.70	1,362.19

Amount in ₹ Lakhs

Master Components IPO Financial Information (Restated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	1,460.93	1,419.09	1,485.24	1,659.17
Total Income	1,535.68	1,327.72	1,842.50	2,090.03
Profit After Tax	132.22	76.14	93.73	170.54
Net Worth	824.90	901.04	994.77	1,165.31
Reserves and Surplus	794.90	871.04	964.77	835.31
Total Borrowing	376.54	216.29	173.33	93.96

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

Promoter Shareholding (Post-Issue)

71.83

72.41

P/E Ratio

13.13

27.09

Market Cap

₹187.43 Cr.

₹56.00 Cr.

ROE

63.19%

59.68%

ROCE

64.70%

59.24%

Debt/Equity

0.60

0.08

EPS

₹5.71

₹5.17

RoNW

48.02%

14.63%

Shares Offered

In the Hi-Green Carbon IPO Retail Individual Investors (RII) are offered 23,16,800 shares while in Master Components IPO retail investors are offered 23,16,800 shares. Qualified Institutional Buyers (QIB) are offered 13,23,200 shares in Hi-Green Carbon IPO and in Master Components IPO.

	Hi-Green Carbon IPO	Master Components IPO
Anchor Investor Reserveration	19,84,000 shares
Market Maker Reserveration	4,20,800 shares	56,000 shares
QIB	13,23,200 shares
NII	9,95,200 shares	5,23,000 shares
RII	23,16,800 shares	5,23,000 shares
Employee
Others
Total	66,19,200 shares	10,46,000 shares

Bids Received (Subscription)

Hi-Green Carbon IPO subscribed 168.92x in total, whereas Master Components IPO subscribed 8.20x.

	Hi-Green Carbon IPO	Master Components IPO
QIB (times)	69.95x
NII (times)	236.76x	5.89x
Big NII (times)
Small NII (times)
RII (times)	196.35x	10.11x
Employee (times)
Other (times)
Total (times)	168.92x	8.20x

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