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.
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.
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 IPO | Shree Marutinandan Tubes IPO |
|---|
| Issue Open | Jan 09, 2024 | Jan 12, 2024 |
| Issue Close | Jan 11, 2024 | Jan 16, 2024 |
| Basis Of Allotment (Tentative) | Jan 12, 2024 | Jan 17, 2024 |
| Initiation of Refunds (Tentative) | Jan 15, 2024 | Jan 18, 2024 |
| Credit of Share (Tentative) | Jan 15, 2024 | Jan 18, 2024 |
| Listing date (Tentative) | Jan 16, 2024 | Jan 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.
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 IPO | Shree Marutinandan Tubes IPO |
|---|
| Market Maker Reservation | 3,30,000 shares | 50,000 shares |
| NII | 31,10,000 shares | 4,75,000 shares |
| RII | 31,10,000 shares | 4,75,000 shares |
| Total | 62,20,000 shares | 9,50,000 shares |
Bids Received (Subscription)
IBL Finance IPO subscribed 16.99x in total, whereas Shree Marutinandan Tubes IPO subscribed 46.19x.
