Innovana Thinklabs IPO vs MRC Exim IPO

Comparison between Innovana Thinklabs IPO and MRC Exim IPO.

IPO Details

Innovana Thinklabs IPO is a SME Fixed Price IPO proposed to list at NSE SME while MRC Exim IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Innovana Thinklabs IPO is up to ₹7.28 Cr whereas the issue size of the MRC Exim IPO is up to ₹4.27 Cr. The final issue price of Innovana Thinklabs IPO is ₹70.00 per share and of MRC Exim IPO is ₹15.00 per share.

 Innovana Thinklabs IPOMRC Exim IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹70.00 per share₹15.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares8000 shares
Fresh Issue Size10,40,000 shares28,48,000 shares
Fresh Issue Size (Amount)up to ₹7.28 Crup to ₹4.27 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total10,40,000 shares28,48,000 shares
Issue Size Total (Amount)up to ₹7.28 Crup to ₹4.27 Cr

IPO Timetable

Innovana Thinklabs IPO opens on Nov 29, 2017, while MRC Exim IPO opens on Dec 06, 2017. The closing date of Innovana Thinklabs IPO and MRC Exim IPO is Dec 04, 2017, and Dec 08, 2017, respectively.

 Innovana Thinklabs IPOMRC Exim IPO
Issue OpenNov 29, 2017Dec 06, 2017
Issue CloseDec 04, 2017Dec 08, 2017
Basis Of Allotment (Tentative)Dec 14, 2017
Listing date (Tentative)Dec 12, 2017Dec 18, 2017

Financials & KPIs

Innovana Thinklabs IPO P/E ratio is 25, as compared to MRC Exim IPO P/E ratio of .

 Innovana Thinklabs IPOMRC Exim IPO
Financials

Company Financials (Restated)

Period Ended30 Jun 201731 Mar 201731 Mar 2016
Assets15.326.312.19
Total Income5.3915.776.64
Profit After Tax0.280.970.59
NET Worth2.041.760.79
Reserves and Surplus1.841.560.59
Total Borrowing0.011.900.06
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 201731 Mar 201731 Mar 2016
Assets10.9613.879.28
Total Income9.0716.704.09
Profit After Tax0.080.120.01
NET Worth7.527.485.16
Reserves and Surplus0.104.513.07
Total Borrowing0.680.780.47
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%44.74%
Promoter Shareholding (Post-Issue)73.17%31.86%
P/E Ratio25
Market Cap₹28.70 Cr.₹15.63 Cr.

Shares Offered

In the Innovana Thinklabs IPO Retail Individual Investors (RII) are offered 5,20,000 shares while in MRC Exim IPO retail investors are offered 5,20,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Innovana Thinklabs IPO and 0 shares in MRC Exim IPO.

 Innovana Thinklabs IPOMRC Exim IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation60,000 shares1,52,000 shares
QIB0 shares0 shares
NII5,20,000 shares14,24,000 shares
RII5,20,000 shares14,24,000 shares
Employee0 shares0 shares
Total10,40,000 shares28,48,000 shares

Bids Received (Subscription)

Innovana Thinklabs IPO subscribed 2.64x in total, whereas MRC Exim IPO subscribed 5.56x.

 Innovana Thinklabs IPOMRC Exim IPO
NII (times)2.51x1.19x
RII (times)2.77x9.92x
Total (times)2.64x5.56x

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