Interiors & More IPO vs Zenith Drugs IPO

Comparison between Interiors & More IPO and Zenith Drugs IPO.

IPO Details

Interiors & More IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Zenith Drugs IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Interiors & More IPO is up to ₹39.89 Cr whereas the issue size of the Zenith Drugs IPO is up to ₹33.94 Cr. The final issue price of Interiors & More IPO is ₹227.00 per share and of Zenith Drugs IPO is ₹79.00 per share.

 Interiors & More IPOZenith Drugs IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹216.00 per share₹75.00 per share
Issue Price (Upper)₹227.00 per share₹79.00 per share
Issue Price (Final)₹227.00 per share₹79.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size600 shares1600 shares
Fresh Issue Size17,57,400 shares42,96,000 shares
Fresh Issue Size (Amount)up to ₹39.89 Crup to ₹33.94 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total17,57,400 shares42,96,000 shares
Issue Size Total (Amount)up to ₹39.89 Crup to ₹33.94 Cr

IPO Timetable

Interiors & More IPO opens on Feb 15, 2024, while Zenith Drugs IPO opens on Feb 19, 2024. The closing date of Interiors & More IPO and Zenith Drugs IPO is Feb 20, 2024, and Feb 22, 2024, respectively.

 Interiors & More IPOZenith Drugs IPO
Anchor Bid DateFeb 14, 2024Feb 16, 2024
Issue OpenFeb 15, 2024Feb 19, 2024
Issue CloseFeb 20, 2024Feb 22, 2024
Basis Of Allotment (Tentative)Feb 21, 2024Feb 23, 2024
Initiation of Refunds (Tentative)Feb 22, 2024Feb 26, 2024
Credit of Share (Tentative)Feb 22, 2024Feb 26, 2024
Listing date (Tentative)Feb 23, 2024Feb 27, 2024
Anchor Lockin End date 1Mar 22, 2024Mar 24, 2024
Anchor Lockin End date 2May 21, 2024May 23, 2024

Financials & KPIs

Interiors & More IPO P/E ratio is 19.7, as compared to Zenith Drugs IPO P/E ratio of 18.4.

 Interiors & More IPOZenith Drugs IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets37.2330.9519.5214.78
Total Income18.5425.279.996.63
Profit After Tax3.555.931.040.43
NET Worth13.509.954.053.01
Reserves and Surplus8.358.242.341.29
Total Borrowing16.4614.4012.979.04
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Sep 202331 Mar 202331 Mar 2022
Assets112.4997.9468.58
Total Income69.48115.7092.67
Profit After Tax5.395.153.13
NET Worth22.6517.2412.09
Reserves and Surplus10.6516.8411.69
Total Borrowing29.0326.0518.81
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)95.08100.00
Promoter Shareholding (Post-Issue)69.9369.98
P/E Ratio19.718.4
Market Cap₹158.80 Cr.₹135.48 Cr.
ROE84.68%35.13%
ROCE75.58%37.29%
Debt/Equity1.451.51
EPS₹11.52₹4.29
RoNW59.57%29.88%

Shares Offered

In the Interiors & More IPO Retail Individual Investors (RII) are offered 6,15,600 shares while in Zenith Drugs IPO retail investors are offered 6,15,600 shares. Qualified Institutional Buyers (QIB) are offered 3,51,600 shares in Interiors & More IPO and 8,59,200 shares in Zenith Drugs IPO.

 Interiors & More IPOZenith Drugs IPO
Anchor Investor Reservation5,26,200 shares12,88,000 shares
Market Maker Reservation93,000 shares8,52,800 shares
QIB3,51,600 shares8,59,200 shares
NII2,64,000 shares6,44,800 shares
RII6,15,600 shares15,04,000 shares
Employee
Others
Total17,57,400 shares42,96,000 shares

Bids Received (Subscription)

Interiors & More IPO subscribed 11.22x in total, whereas Zenith Drugs IPO subscribed 179.18x.

 Interiors & More IPOZenith Drugs IPO
QIB (times)3.54x106.72x
NII (times)30.32x368.77x
Big NII (times)
Small NII (times)
RII (times)7.41x139.28x
Employee (times)
Other (times)
Total (times)11.22x179.18x

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