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Ishan International IPO vs Maks Energy Solutions IPO

Comparison between Ishan International IPO and Maks Energy Solutions IPO.

IPO Details

Ishan International IPO is a SME Fixed Price IPO proposed to list at NSE SME while Maks Energy Solutions IPO is a SME Fixed Price proposed to list at NSE SME.

 Ishan International IPOMaks Energy Solutions IPO
LogoIshan International IPO LogoMaks Energy Solutions IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMENSE SME
Lead ManagersFirst Overseas Capital Ltd.Sun Capital Advisory Services Pvt.Ltd.
RegistrarKfin Technologies Ltd.Bigshare Services Pvt.Ltd.
Market MakerNNM Securities Pvt.Ltd.NNM Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Ishan International IPO is up to ₹17.28 Cr whereas the issue size of the Maks Energy Solutions IPO is up to ₹3.79 Cr. The final issue price of Ishan International IPO is ₹80.00 per share and of Maks Energy Solutions IPO is ₹20.00 per share.

 Ishan International IPOMaks Energy Solutions IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹80.00 per share₹20.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares6000 shares
Fresh Issue Size21,60,000 shares18,96,000 shares
Fresh Issue Size (Amount)up to ₹17.28 Crup to ₹3.79 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total21,60,000 shares18,96,000 shares
Issue Size Total (Amount)up to ₹17.28 Crup to ₹3.79 Cr

IPO Timetable

Ishan International IPO opens on Sep 09, 2022, while Maks Energy Solutions IPO opens on Sep 16, 2022. The closing date of Ishan International IPO and Maks Energy Solutions IPO is Sep 14, 2022, and Sep 20, 2022, respectively.

 Ishan International IPOMaks Energy Solutions IPO
Anchor Bid Date
Issue OpenSep 09, 2022Sep 16, 2022
Issue CloseSep 14, 2022Sep 20, 2022
Basis Of Allotment (Tentative)Sep 19, 2022Sep 23, 2022
Initiation of Refunds (Tentative)Sep 20, 2022Sep 26, 2022
Credit of Share (Tentative)Sep 21, 2022Sep 26, 2022
Listing date (Tentative)Sep 22, 2022Sep 28, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Ishan International IPO P/E ratio is 38.09, as compared to Maks Energy Solutions IPO P/E ratio of .

 Ishan International IPOMaks Energy Solutions IPO
Financials
Ishan International Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-191530.532708.439.62452.77319.06
31-Mar-201704.152272.5628.42481.19347.48
31-Mar-211452.522271.215.05496.25362.54
31-Mar-222168.872174.31127.15619.71126.93
Amount in ₹ Lakhs
Maks Energy Solutions India Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-204230.544335.03168.77
31-Mar-214114.732091.75-0.8
31-Mar-223586.582824.6651.34
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.61100.00
Promoter Shareholding (Post-Issue)65.2171.19
P/E Ratio38.09
Market Cap₹57.66 Cr.₹13.87 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Ishan International IPO Retail Individual Investors (RII) are offered 10,80,000 shares while in Maks Energy Solutions IPO retail investors are offered 10,80,000 shares. Qualified Institutional Buyers (QIB) are offered in Ishan International IPO and in Maks Energy Solutions IPO.

 Ishan International IPOMaks Energy Solutions IPO
Anchor Investor Reserveration
Market Maker Reserveration1,20,000 shares1,02,000 shares
QIB
NII10,80,000 shares9,48,000 shares
RII10,80,000 shares9,48,000 shares
Employee
Others
Total21,60,000 shares18,96,000 shares

Bids Received (Subscription)

Ishan International IPO subscribed 1.62x in total, whereas Maks Energy Solutions IPO subscribed 26.31x.

 Ishan International IPOMaks Energy Solutions IPO
QIB (times)
NII (times)1.60x36.20x
Big NII (times)
Small NII (times)
RII (times)1.65x16.43x
Employee (times)
Other (times)
Total (times)1.62x26.31x