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Innovators Facade Systems IPO vs Milestone Furniture IPO

Comparison between Innovators Facade Systems IPO and Milestone Furniture IPO.

IPO Details

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

 Innovators Facade Systems IPOMilestone Furniture IPO
LogoInnovators Facade Systems IPO LogoMilestone Furniture IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersPantomath Capital Advisors Pvt.Ltd.Monarch Networth Capital Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Kfin Technologies Ltd.
Market MakerMonarch Networth Capital Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

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 Milestone Furniture IPO is up to ₹14.09 Cr. The final issue price of Innovators Facade Systems IPO is ₹72.00 per share and of Milestone Furniture IPO is ₹45.00 per share.

 Innovators Facade Systems IPOMilestone Furniture 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₹45.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares3000 shares
Fresh Issue Size53,72,800 shares31,32,000 shares
Fresh Issue Size (Amount)up to ₹38.68 Crup to ₹14.09 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total53,72,800 shares31,32,000 shares
Issue Size Total (Amount)up to ₹38.68 Crup to ₹14.09 Cr

IPO Timetable

Innovators Facade Systems IPO opens on May 14, 2018, while Milestone Furniture IPO opens on May 07, 2018. The closing date of Innovators Facade Systems IPO and Milestone Furniture IPO is May 16, 2018, and May 11, 2018, respectively.

 Innovators Facade Systems IPOMilestone Furniture IPO
Anchor Bid Date
Issue OpenMay 14, 2018May 07, 2018
Issue CloseMay 16, 2018May 11, 2018
Basis Of Allotment (Tentative)May 16, 2018
Initiation of Refunds (Tentative)May 17, 2018
Credit of Share (Tentative)May 18, 2018
Listing date (Tentative)May 24, 2018May 21, 2018
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Innovators Facade Systems IPO P/E ratio is , as compared to Milestone Furniture IPO P/E ratio of .

 Innovators Facade Systems IPOMilestone Furniture IPO
Financials
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Millions)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 13,873.29 12,817.78 12,607.20 11,671.62 9,936.60
Total Revenue 10,235.96 9,438.88 9,204.92 7,734.81 7,833.22
Profit After Tax 186.01 167.64 316.76 269.24 232.48
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 53,160,563 23,014,900 21,710,118 8,257,681
Total Revenue 89,467,999 55,175,651 33,229,409 3,787,759
Profit After Tax 3,247,677 1,989,136 542,472 343,186
Promoter Shareholding (Pre-Issue)
Promoter Shareholding (Post-Issue)
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Innovators Facade Systems IPO Retail Individual Investors (RII) are offered 18,81,600 shares while in Milestone Furniture 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 in Milestone Furniture IPO.

 Innovators Facade Systems IPOMilestone Furniture IPO
Anchor Investor Reserveration16,09,600 shares
Market Maker Reserveration2,88,000 shares1,65,000 shares
QIB10,75,200 shares
NII8,06,400 shares15,66,000 shares
RII18,81,600 shares15,66,000 shares
Employee
Others
Total53,72,800 shares31,32,000 shares

Bids Received (Subscription)

Innovators Facade Systems IPO subscribed 23.45x in total, whereas Milestone Furniture IPO subscribed 2.13x.

 Innovators Facade Systems IPOMilestone Furniture IPO
QIB (times)
NII (times)28.18x0.82x
Big NII (times)
Small NII (times)
RII (times)13.85x3.45x
Employee (times)
Other (times)
Total (times)23.45x2.13x