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Jiwanram Sheoduttrai IPO vs Madhusudan Masala IPO

Comparison between Jiwanram Sheoduttrai IPO and Madhusudan Masala IPO.

IPO Details

Jiwanram Sheoduttrai IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Madhusudan Masala IPO is a SME Bookbuilding proposed to list at NSE SME.

 Jiwanram Sheoduttrai IPOMadhusudan Masala IPO
LogoJiwanram Sheoduttrai IPO LogoMadhusudan Masala IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersAffinity Global Capital Market Pvt.Ltd.Hem Securities Ltd.
RegistrarCameo Corporate Services Ltd.Kfin Technologies Ltd.
Market MakerGiriraj Stock Broking Pvt.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 Jiwanram Sheoduttrai IPO is up to ₹16.22 Cr whereas the issue size of the Madhusudan Masala IPO is up to ₹22.60 Cr. The final issue price of Jiwanram Sheoduttrai IPO is ₹23.00 per share and of Madhusudan Masala IPO is ₹70.00 per share.

 Jiwanram Sheoduttrai IPOMadhusudan Masala IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹66.00 per share
Issue Price (Upper)₹70.00 per share
Issue Price (Final)₹23.00 per share₹70.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size6000 shares2000 shares
Fresh Issue Size70,50,000 shares32,28,000 shares
Fresh Issue Size (Amount)up to ₹16.22 Crup to ₹22.60 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total70,50,000 shares32,28,000 shares
Issue Size Total (Amount)up to ₹16.22 Crup to ₹22.60 Cr

IPO Timetable

Jiwanram Sheoduttrai IPO opens on Sep 08, 2023, while Madhusudan Masala IPO opens on Sep 18, 2023. The closing date of Jiwanram Sheoduttrai IPO and Madhusudan Masala IPO is Sep 12, 2023, and Sep 21, 2023, respectively.

 Jiwanram Sheoduttrai IPOMadhusudan Masala IPO
Anchor Bid DateSep 15, 2023
Issue OpenSep 08, 2023Sep 18, 2023
Issue CloseSep 12, 2023Sep 21, 2023
Basis Of Allotment (Tentative)Sep 15, 2023Sep 26, 2023
Initiation of Refunds (Tentative)Sep 18, 2023Sep 27, 2023
Credit of Share (Tentative)Sep 20, 2023Sep 29, 2023
Listing date (Tentative)Sep 18, 2023Sep 26, 2023
Anchor Lockin End date 1Oct 26, 2023
Anchor Lockin End date 2Dec 25, 2023

Financials & KPIs

Jiwanram Sheoduttrai IPO P/E ratio is 9.91, as compared to Madhusudan Masala IPO P/E ratio of 10.08.

 Jiwanram Sheoduttrai IPOMadhusudan Masala IPO
Financials
Jiwanram Sheoduttrai Industries IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets12,104.1711,377.2512,112.36
Total Income3,281.343,414.894,598.41
Profit After Tax2.98149.69402.65
Net Worth4,307.144,428.274,802.36
Reserves and Surplus3,812.113,933.243,069.74
Total Borrowing4,883.695,230.925,258.99
Amount in ₹ Lakhs
Madhusudan Masala IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets2,599.903,514.295,736.52
Total Income6,875.186,651.8112,750.57
Profit After Tax44.9881.29575.89
Net Worth1,094.0931.071,099.10
Reserves and Surplus30.07599.10
Total Borrowing966.402,819.534,217.20
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100100.00
Promoter Shareholding (Post-Issue)70.0173.64
P/E Ratio9.9110.08
Market Cap₹56.92 Cr.₹90.30 Cr.
ROE8.38%101.91%
ROCE7.29%20.08%
Debt/Equity1.103.84
EPS₹2.32₹6.94
RoNW8.38%52.40%

Shares Offered

In the Jiwanram Sheoduttrai IPO Retail Individual Investors (RII) are offered 35,28,000 shares while in Madhusudan Masala IPO retail investors are offered 35,28,000 shares. Qualified Institutional Buyers (QIB) are offered in Jiwanram Sheoduttrai IPO and 6,46,000 shares in Madhusudan Masala IPO.

 Jiwanram Sheoduttrai IPOMadhusudan Masala IPO
Anchor Investor Reserveration9,66,000 shares
Market Maker Reserveration3,72,000 shares1,72,000 shares
QIB6,46,000 shares
NII35,22,000 shares4,86,000 shares
RII35,28,000 shares11,30,000 shares
Employee
Others
Total70,50,000 shares32,28,000 shares

Bids Received (Subscription)

Jiwanram Sheoduttrai IPO subscribed 112.96x in total, whereas Madhusudan Masala IPO subscribed 444.27x.

 Jiwanram Sheoduttrai IPOMadhusudan Masala IPO
QIB (times)86.91x
NII (times)69.75x574.08x
Big NII (times)
Small NII (times)
RII (times)151.47x592.73x
Employee (times)
Other (times)
Total (times)112.96x444.27x