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ICL Organic Dairy Products IPO vs Madhav Copper FPO

Comparison between ICL Organic Dairy Products IPO and Madhav Copper FPO.

IPO Details

ICL Organic Dairy Products IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Madhav Copper FPO is a SME Bookbuilding proposed to list at NSE SME.

 ICL Organic Dairy Products IPOMadhav Copper FPO
LogoICL Organic Dairy Products IPO LogoMadhav Copper FPO Logo
Issue CategorySMESME
Issue TypeIPOFPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersFinshore Management Services Ltd.Pantomath Capital Advisors Pvt.Ltd.
RegistrarCameo Corporate Services Ltd.Bigshare Services Pvt.Ltd.
Market MakerBeeline Broking Ltd.Pantomath Stock Brokers Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of ICL Organic Dairy Products IPO is up to ₹3.88 Cr whereas the issue size of the Madhav Copper FPO is up to ₹24.21 Cr. The final issue price of ICL Organic Dairy Products IPO is ₹20.00 per share and of Madhav Copper FPO is ₹102.00 per share.

 ICL Organic Dairy Products IPOMadhav Copper FPO
Face Value₹10 per share₹5 per share
Issue Price (Lower)₹100.00 per share
Issue Price (Upper)₹102.00 per share
Issue Price (Final)₹20.00 per share₹102.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size6000 shares1200 shares
Fresh Issue Size19,38,000 shares23,73,600 shares
Fresh Issue Size (Amount)up to ₹3.88 Crup to ₹24.21 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total19,38,000 shares23,73,600 shares
Issue Size Total (Amount)up to ₹3.88 Crup to ₹24.21 Cr

IPO Timetable

ICL Organic Dairy Products IPO opens on Jan 31, 2020, while Madhav Copper FPO opens on Jan 27, 2020. The closing date of ICL Organic Dairy Products IPO and Madhav Copper FPO is Feb 07, 2020, and Jan 30, 2020, respectively.

 ICL Organic Dairy Products IPOMadhav Copper FPO
Anchor Bid Date
Issue OpenJan 31, 2020Jan 27, 2020
Issue CloseFeb 07, 2020Jan 30, 2020
Basis Of Allotment (Tentative)Feb 11, 2020Feb 04, 2020
Initiation of Refunds (Tentative)Feb 12, 2020Feb 05, 2020
Credit of Share (Tentative)Feb 13, 2020Feb 06, 2020
Listing date (Tentative)Feb 17, 2020Feb 06, 2020
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

ICL Organic Dairy Products IPO P/E ratio is 80, as compared to Madhav Copper FPO P/E ratio of 53.

 ICL Organic Dairy Products IPOMadhav Copper FPO
Financials
Summary of financial Information (Restated)
Particulars For the year/period ended (Rs in Lakhs)
30-July-19 31-Mar-19 31-Mar-18 31-Mar-17
Total Assets 455.42 316.60 327.82 226.00
Total Revenue 223.13 1,572.65 1,207.30 252.68
Profit After Tax 4.83 27.62 34.93 5.03
Summary of financial Information (Restated)
Particulars For the year/period ended (Rs in Lakhs)
30-Sept-19 31-Mar-19 31-Mar-18 31-Mar-17
Total Assets 4,910.30 4,550.17 2,363.78 2,271.51
Total Revenue 9,434.48 21,305.04 16,910.63 7,162.87
Profit After Tax 260.13 421.42 196.23 86.38
Promoter Shareholding (Pre-Issue)72.7173.04
Promoter Shareholding (Post-Issue)47.9963.83
P/E Ratio8053
Market Cap₹12.00 Cr.₹276.86 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the ICL Organic Dairy Products IPO Retail Individual Investors (RII) are offered 9,72,000 shares while in Madhav Copper FPO retail investors are offered 9,72,000 shares. Qualified Institutional Buyers (QIB) are offered in ICL Organic Dairy Products IPO and in Madhav Copper FPO.

 ICL Organic Dairy Products IPOMadhav Copper FPO
Anchor Investor Reserveration
Market Maker Reserveration1,02,000 shares1,26,000 shares
QIB
NII9,66,000 shares11,86,800 shares
RII9,72,000 shares11,86,800 shares
Employee
Others
Total19,38,000 shares23,73,600 shares

Bids Received (Subscription)

ICL Organic Dairy Products IPO subscribed 3.08x in total, whereas Madhav Copper FPO subscribed 1.74x.

 ICL Organic Dairy Products IPOMadhav Copper FPO
QIB (times)
NII (times)3.56x1.72x
Big NII (times)
Small NII (times)
RII (times)2.59x1.77x
Employee (times)
Other (times)
Total (times)3.08x1.74x