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Indong Tea IPO vs Macfos IPO

Comparison between Indong Tea IPO and Macfos IPO.

IPO Details

Indong Tea IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Macfos IPO is a SME Bookbuilding proposed to list at BSE SME.

 Indong Tea IPOMacfos IPO
LogoIndong Tea IPO LogoMacfos IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMEBSE SME
Lead ManagersFinshore Management Services Ltd.Hem Securities Ltd.
RegistrarCameo Corporate Services Ltd.Bigshare Services Pvt.Ltd.
Market MakerNikunj Stock Brokers Ltd.Hem Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Indong Tea IPO is up to ₹12.36 Cr whereas the issue size of the Macfos IPO is up to ₹22.56 Cr. The final issue price of Indong Tea IPO is ₹26.00 per share and of Macfos IPO is ₹102.00 per share.

 Indong Tea IPOMacfos IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹96.00 per share
Issue Price (Upper)₹102.00 per share
Issue Price (Final)₹26.00 per share₹102.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size4000 shares1200 shares
Fresh Issue Size47,52,000 shares0 shares
Fresh Issue Size (Amount)up to ₹12.36 Crup to ₹0.00 Cr
OFS Issue Size0 shares22,11,600 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹22.56 Cr
Issue Size Total47,52,000 shares22,11,600 shares
Issue Size Total (Amount)up to ₹12.36 Crup to ₹22.56 Cr

IPO Timetable

Indong Tea IPO opens on Feb 09, 2023, while Macfos IPO opens on Feb 17, 2023. The closing date of Indong Tea IPO and Macfos IPO is Feb 13, 2023, and Feb 21, 2023, respectively.

 Indong Tea IPOMacfos IPO
Anchor Bid DateFeb 16, 2023
Issue OpenFeb 09, 2023Feb 17, 2023
Issue CloseFeb 13, 2023Feb 21, 2023
Basis Of Allotment (Tentative)Feb 16, 2023Feb 24, 2023
Initiation of Refunds (Tentative)Feb 17, 2023Feb 27, 2023
Credit of Share (Tentative)Feb 20, 2023Feb 28, 2023
Listing date (Tentative)Feb 21, 2023Mar 01, 2023
Anchor Lockin End date 1Mar 26, 2023
Anchor Lockin End date 2May 25, 2023

Financials & KPIs

Indong Tea IPO P/E ratio is 9.52, as compared to Macfos IPO P/E ratio of 15.22.

 Indong Tea IPOMacfos IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets46.9043.2540.6041.36
Total Income13.2419.9323.1316.73
Profit After Tax2.051.321.28-1.21
NET Worth10.688.64-2.94-4.22
Reserves and Surplus21.7619.7113.0211.75
Total Borrowing10.479.6018.4220.97
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets25.9920.479.426.25
Total Income36.0555.8727.3416.22
Profit After Tax2.966.011.580.33
NET Worth12.089.123.110.53
Reserves and Surplus12.079.113.100.52
Total Borrowing9.386.033.504.33
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)96.09100
Promoter Shareholding (Post-Issue)64.0373.65
P/E Ratio9.5215.22
Market Cap₹39.00 Cr.₹90.12 Cr.
ROE98.36
ROCE39.68
Debt/Equity0.66
EPS₹2.12₹6.81
RoNW15.2465.93

Shares Offered

In the Indong Tea IPO Retail Individual Investors (RII) are offered 23,76,000 shares while in Macfos IPO retail investors are offered 23,76,000 shares. Qualified Institutional Buyers (QIB) are offered in Indong Tea IPO and 4,44,000 shares in Macfos IPO.

 Indong Tea IPOMacfos IPO
Anchor Investor Reservation6,60,000 shares
Market Maker Reservation5,04,000 shares1,16,400 shares
QIB4,44,000 shares
NII23,76,000 shares3,32,400 shares
RII23,76,000 shares7,75,200 shares
Employee
Others
Total47,52,000 shares22,11,600 shares

Bids Received (Subscription)

Indong Tea IPO subscribed 4.97x in total, whereas Macfos IPO subscribed 193.87x.

 Indong Tea IPOMacfos IPO
QIB (times)21.60x
NII (times)2.17x659.99x
Big NII (times)
Small NII (times)
RII (times)7.76x268.45x
Employee (times)
Other (times)
Total (times)4.97x193.87x

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Indong Tea IPO Vs Macfos IPO