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Italian Edibles IPO vs Megatherm Induction IPO

Comparison between Italian Edibles IPO and Megatherm Induction IPO.

IPO Details

Italian Edibles IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Megatherm Induction IPO is a SME Bookbuilding proposed to list at NSE SME.

 Italian Edibles IPOMegatherm Induction IPO
LogoItalian Edibles IPO LogoMegatherm Induction IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersFirst Overseas Capital Ltd.Hem Securities Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerNikunj Stock Brokers Ltd.Hem Finlease Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Italian Edibles IPO is up to ₹25.30 Cr whereas the issue size of the Megatherm Induction IPO is up to ₹51.20 Cr. The final issue price of Italian Edibles IPO is ₹68.00 per share and of Megatherm Induction IPO is ₹108.00 per share.

 Italian Edibles IPOMegatherm Induction IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹100.00 per share
Issue Price (Upper)₹108.00 per share
Issue Price (Final)₹68.00 per share₹108.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1200 shares
Fresh Issue Size37,20,000 shares47,41,200 shares
Fresh Issue Size (Amount)up to ₹25.30 Crup to ₹51.20 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total37,20,000 shares47,41,200 shares
Issue Size Total (Amount)up to ₹25.30 Crup to ₹51.20 Cr

IPO Timetable

Italian Edibles IPO opens on Feb 02, 2024, while Megatherm Induction IPO opens on Jan 29, 2024. The closing date of Italian Edibles IPO and Megatherm Induction IPO is Feb 07, 2024, and Jan 31, 2024, respectively.

 Italian Edibles IPOMegatherm Induction IPO
Anchor Bid DateJan 25, 2024
Issue OpenFeb 02, 2024Jan 29, 2024
Issue CloseFeb 07, 2024Jan 31, 2024
Basis Of Allotment (Tentative)Feb 08, 2024Feb 01, 2024
Initiation of Refunds (Tentative)Feb 09, 2024Feb 02, 2024
Credit of Share (Tentative)Feb 09, 2024Feb 02, 2024
Listing date (Tentative)Feb 12, 2024Feb 05, 2024
Anchor Lockin End date 1Mar 02, 2024
Anchor Lockin End date 2May 01, 2024

Financials & KPIs

Italian Edibles IPO P/E ratio is 27.94, as compared to Megatherm Induction IPO P/E ratio of 10.68.

 Italian Edibles IPOMegatherm Induction IPO
Financials

Italian Edibles Limited Financial Information (Restated)

Italian Edibles Limited's revenue decreased by -16.1% and profit after tax (PAT) rose by 229.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Aug 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,824.644,155.243,905.453,946.43
Total Income3,052.166,330.097,545.254,899.44
Profit After Tax209.68264.2180.2186.52
Net Worth1,287.921,078.24814.03583.82
Reserves and Surplus202.21906.82642.60433.82
Amount in ₹ Lakhs

Megatherm Induction Limited Financial Information (Restated)

Megatherm Induction Limited's revenue increased by 41.37% and profit after tax (PAT) rose by 1171.94% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets21,040.2819,197.8717,262.7614,645.06
Total Income14,732.3126,643.8418,846.9210,927.03
Profit After Tax759.341,400.41110.10309.12
Net Worth5,821.985,062.643,662.233,512.13
Reserves and Surplus4,437.114,139.392,738.982,598.88
Total Borrowing4,480.464,282.044,038.804,327.04
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.0098.92
Promoter Shareholding (Post-Issue)73.4772.71
P/E Ratio27.9410.68
Market Cap₹100.48 Cr.₹203.48 Cr.
ROE24.50%27.66%
ROCE19.32%27.47%
Debt/Equity1.601.67
EPS₹2.43₹10.11
RoNW24.50%27.66%

Shares Offered

In the Italian Edibles IPO Retail Individual Investors (RII) are offered 18,60,000 shares while in Megatherm Induction IPO retail investors are offered 18,60,000 shares. Qualified Institutional Buyers (QIB) are offered in Italian Edibles IPO and 9,48,000 shares in Megatherm Induction IPO.

 Italian Edibles IPOMegatherm Induction IPO
Anchor Investor Reserveration14,22,000 shares
Market Maker Reserveration2,00,000 shares2,50,800 shares
QIB9,48,000 shares
NII18,60,000 shares7,11,600 shares
RII18,60,000 shares16,59,600 shares
Employee
Others
Total37,20,000 shares47,41,200 shares

Bids Received (Subscription)

Italian Edibles IPO subscribed 154.43x in total, whereas Megatherm Induction IPO subscribed 196.11x.

 Italian Edibles IPOMegatherm Induction IPO
QIB (times)105.14x
NII (times)177.37x307.04x
Big NII (times)
Small NII (times)
RII (times)120.62x200.51x
Employee (times)
Other (times)
Total (times)154.43x196.11x