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Ishan International IPO vs Mega Flex Plastics IPO

Comparison between Ishan International IPO and Mega Flex Plastics IPO.

IPO Details

Ishan International IPO is a SME Fixed Price IPO proposed to list at NSE SME while Mega Flex Plastics IPO is a SME Fixed Price proposed to list at NSE SME.

 Ishan International IPOMega Flex Plastics IPO
LogoIshan International IPO LogoMega Flex Plastics IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMENSE SME
Lead ManagersFirst Overseas Capital Ltd.Finshore Management Services Ltd.
RegistrarKfin Technologies Ltd.Cameo Corporate Services Ltd.
Market MakerNNM Securities Pvt.Ltd.Rainbow 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 Mega Flex Plastics IPO is up to ₹10.82 Cr. The final issue price of Ishan International IPO is ₹80.00 per share and of Mega Flex Plastics IPO is ₹40.00 per share.

 Ishan International IPOMega Flex Plastics IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹80.00 per share₹40.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares3000 shares
Fresh Issue Size21,60,000 shares27,06,000 shares
Fresh Issue Size (Amount)up to ₹17.28 Crup to ₹10.82 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total21,60,000 shares27,06,000 shares
Issue Size Total (Amount)up to ₹17.28 Crup to ₹10.82 Cr

IPO Timetable

Ishan International IPO opens on Sep 09, 2022, while Mega Flex Plastics IPO opens on Sep 06, 2022. The closing date of Ishan International IPO and Mega Flex Plastics IPO is Sep 14, 2022, and Sep 09, 2022, respectively.

 Ishan International IPOMega Flex Plastics IPO
Anchor Bid Date
Issue OpenSep 09, 2022Sep 06, 2022
Issue CloseSep 14, 2022Sep 09, 2022
Basis Of Allotment (Tentative)Sep 19, 2022Sep 14, 2022
Initiation of Refunds (Tentative)Sep 20, 2022Sep 15, 2022
Credit of Share (Tentative)Sep 21, 2022Sep 16, 2022
Listing date (Tentative)Sep 22, 2022Sep 19, 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 Mega Flex Plastics IPO P/E ratio of 16.19.

 Ishan International IPOMega Flex Plastics 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
Mega Flex Plastics Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-202999.933343.16219.852710.332534.89
31-Mar-213200.223108.53128.872839.22663.75
31-Mar-223414.684739.16265.933105.132929.68
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.6199.79
Promoter Shareholding (Post-Issue)65.2173.32
P/E Ratio38.0916.19
Market Cap₹57.66 Cr.₹42.98 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 Mega Flex Plastics IPO retail investors are offered 10,80,000 shares. Qualified Institutional Buyers (QIB) are offered in Ishan International IPO and in Mega Flex Plastics IPO.

 Ishan International IPOMega Flex Plastics IPO
Anchor Investor Reserveration
Market Maker Reserveration1,20,000 shares1,44,000 shares
QIB
NII10,80,000 shares13,53,000 shares
RII10,80,000 shares13,53,000 shares
Employee
Others
Total21,60,000 shares27,06,000 shares

Bids Received (Subscription)

Ishan International IPO subscribed 1.62x in total, whereas Mega Flex Plastics IPO subscribed 46.31x.

 Ishan International IPOMega Flex Plastics IPO
QIB (times)
NII (times)1.60x52.86x
Big NII (times)
Small NII (times)
RII (times)1.65x39.75x
Employee (times)
Other (times)
Total (times)1.62x46.31x