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IBL Finance IPO vs Shree Marutinandan Tubes IPO

Comparison between IBL Finance IPO and Shree Marutinandan Tubes IPO.

IPO Details

IBL Finance IPO is a SME Fixed Price IPO proposed to list at NSE SME while Shree Marutinandan Tubes IPO is a SME Fixed Price proposed to list at BSE SME.

 IBL Finance IPOShree Marutinandan Tubes IPO
LogoIBL Finance IPO LogoShree Marutinandan Tubes IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersFedex Securities Pvt.Ltd.Swastika Investmart Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerMarket-Hub Stock Broking Pvt.Ltd.Swastika Investmart Ltd.
DRHPDRHP DRHP
RHPRHP
Final ProspectusFinal Prospectus Final Prospectus
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of IBL Finance IPO is up to ₹31.72 Cr whereas the issue size of the Shree Marutinandan Tubes IPO is up to ₹13.59 Cr. The final issue price of IBL Finance IPO is ₹51.00 per share and of Shree Marutinandan Tubes IPO is ₹143.00 per share.

 IBL Finance IPOShree Marutinandan Tubes IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹51.00 per share₹143.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares1000 shares
Fresh Issue Size62,20,000 shares9,50,000 shares
Fresh Issue Size (Amount)up to ₹31.72 Crup to ₹13.59 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total62,20,000 shares9,50,000 shares
Issue Size Total (Amount)up to ₹31.72 Crup to ₹13.59 Cr

IPO Timetable

IBL Finance IPO opens on Jan 09, 2024, while Shree Marutinandan Tubes IPO opens on Jan 12, 2024. The closing date of IBL Finance IPO and Shree Marutinandan Tubes IPO is Jan 11, 2024, and Jan 16, 2024, respectively.

 IBL Finance IPOShree Marutinandan Tubes IPO
Issue OpenJan 09, 2024Jan 12, 2024
Issue CloseJan 11, 2024Jan 16, 2024
Basis Of Allotment (Tentative)Jan 12, 2024Jan 17, 2024
Initiation of Refunds (Tentative)Jan 15, 2024Jan 18, 2024
Credit of Share (Tentative)Jan 15, 2024Jan 18, 2024
Listing date (Tentative)Jan 16, 2024Jan 19, 2024

Financials & KPIs

IBL Finance IPO P/E ratio is 48.08, as compared to Shree Marutinandan Tubes IPO P/E ratio of 17.44.

 IBL Finance IPOShree Marutinandan Tubes IPO
Financials

Company Financials (Restated)

Period Ended31 Jul 202331 Mar 202331 Mar 202231 Mar 2021
Assets23.1822.1810.233.39
Total Income4.9313.333.271.13
Profit After Tax1.211.930.43-0.10
NET Worth21.6920.493.553.13
Reserves and Surplus3.5111.400.29-0.13
Total Borrowing0.080.096.41
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets22.3416.1812.8513.01
Total Income42.8547.2347.1835.97
Profit After Tax1.422.020.060.13
NET Worth4.102.680.660.60
Reserves and Surplus1.642.470.450.39
Total Borrowing6.077.176.897.95
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)85.55%82%
Promoter Shareholding (Post-Issue)62.89%58.3%
P/E Ratio48.0817.44
Market Cap₹126.13 Cr.₹49.48 Cr.
ROE9.41120.91
ROCE18.8878.52
Debt/Equity0.002.68
EPS₹1.06₹8.20
RoNW9.4175.36

Shares Offered

In the IBL Finance IPO Retail Individual Investors (RII) are offered 31,10,000 shares while in Shree Marutinandan Tubes IPO retail investors are offered 31,10,000 shares. Qualified Institutional Buyers (QIB) are offered in IBL Finance IPO and in Shree Marutinandan Tubes IPO.

 IBL Finance IPOShree Marutinandan Tubes IPO
Market Maker Reservation3,30,000 shares50,000 shares
NII31,10,000 shares4,75,000 shares
RII31,10,000 shares4,75,000 shares
Total62,20,000 shares9,50,000 shares

Bids Received (Subscription)

IBL Finance IPO subscribed 16.99x in total, whereas Shree Marutinandan Tubes IPO subscribed 46.19x.

 IBL Finance IPOShree Marutinandan Tubes IPO
NII (times)9.95x32.67x
RII (times)24.03x59.71x
Total (times)16.99x46.19x

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IBL Finance IPO Vs Shree Marutinandan Tubes IPO