Innovators Facade Systems IPO vs Megastar Foods IPO

Comparison between Innovators Facade Systems IPO and Megastar Foods IPO.

IPO Details

Innovators Facade Systems IPO is a SME Fixed Price IPO proposed to list at BSE SME while Megastar Foods IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Innovators Facade Systems IPO is up to ₹38.68 Cr whereas the issue size of the Megastar Foods IPO is up to ₹7.63 Cr. The final issue price of Innovators Facade Systems IPO is ₹72.00 per share and of Megastar Foods IPO is ₹30.00 per share.

 Innovators Facade Systems IPOMegastar Foods IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹71.00 per share
Issue Price (Upper)₹72.00 per share
Issue Price (Final)₹72.00 per share₹30.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1600 shares4000 shares
Fresh Issue Size53,72,800 shares25,44,000 shares
Fresh Issue Size (Amount)up to ₹38.68 Crup to ₹7.63 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total53,72,800 shares25,44,000 shares
Issue Size Total (Amount)up to ₹38.68 Crup to ₹7.63 Cr

IPO Timetable

Innovators Facade Systems IPO opens on May 14, 2018, while Megastar Foods IPO opens on May 14, 2018. The closing date of Innovators Facade Systems IPO and Megastar Foods IPO is May 16, 2018, and May 16, 2018, respectively.

 Innovators Facade Systems IPOMegastar Foods IPO
Anchor Bid DateMay 11, 2018
Issue OpenMay 14, 2018May 14, 2018
Issue CloseMay 16, 2018May 16, 2018
Basis Of Allotment (Tentative)May 21, 2018May 21, 2018
Listing date (Tentative)May 24, 2018May 24, 2018
Anchor Lockin End date 1Jun 15, 2018

Financials & KPIs

Innovators Facade Systems IPO P/E ratio is , as compared to Megastar Foods IPO P/E ratio of .

 Innovators Facade Systems IPOMegastar Foods IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Dec 201731 Mar 201731 Mar 201631 Mar 2015
Assets159.97138.73128.18126.07
Total Income126.30102.3694.3992.05
Profit After Tax5.751.861.683.17
NET Worth47.2741.5139.6537.98
Reserves and Surplus36.9831.2329.3727.69
Total Borrowing63.0360.9959.8656.54
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Dec 201731 Mar 201731 Mar 201631 Mar 2015
Assets39.1831.6030.8220.08
Total Income78.3797.7678.0444.50
Profit After Tax0.871.060.59-0.28
NET Worth8.217.346.285.69
Reserves and Surplus2.241.370.31-0.28
Total Borrowing24.5521.1822.2712.91
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)88.40%92.83%
Promoter Shareholding (Post-Issue)61.88%67.71%
Market Cap₹135.85 Cr.₹29.71 Cr.

Shares Offered

In the Innovators Facade Systems IPO Retail Individual Investors (RII) are offered 18,81,600 shares while in Megastar Foods IPO retail investors are offered 18,81,600 shares. Qualified Institutional Buyers (QIB) are offered 10,75,200 shares in Innovators Facade Systems IPO and 0 shares in Megastar Foods IPO.

 Innovators Facade Systems IPOMegastar Foods IPO
Anchor Investor Reservation16,09,600 shares0 shares
Market Maker Reservation2,88,000 shares1,36,000 shares
QIB10,75,200 shares0 shares
NII8,06,400 shares12,72,000 shares
RII18,81,600 shares12,72,000 shares
Employee0 shares0 shares
Total53,72,800 shares25,44,000 shares

Bids Received (Subscription)

Innovators Facade Systems IPO subscribed 23.45x in total, whereas Megastar Foods IPO subscribed 1.70x.

 Innovators Facade Systems IPOMegastar Foods IPO
QIB (times)12.15x
NII (times)93.89x1.88x
RII (times)19.78x1.52x
Total (times)23.45x1.70x

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Innovators Facade Systems IPO Vs Megastar Foods IPO