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M.V.K.Agro Food Product IPO vs Zenith Drugs IPO

Comparison between M.V.K.Agro Food Product IPO and Zenith Drugs IPO.

IPO Details

M.V.K.Agro Food Product 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.

 M.V.K.Agro Food Product IPOZenith Drugs IPO
LogoM.V.K.Agro Food Product IPO LogoZenith Drugs IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersHorizon Management Pvt.Ltd.Gretex Corporate Services Ltd.
RegistrarMAS Services Ltd.Bigshare Services Pvt.Ltd.
Market MakerNikunj Stock Brokers Ltd.Gretex Share Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of M.V.K.Agro Food Product IPO is up to ₹62.58 Cr whereas the issue size of the Zenith Drugs IPO is up to ₹33.94 Cr. The final issue price of M.V.K.Agro Food Product IPO is ₹120.00 per share and of Zenith Drugs IPO is ₹79.00 per share.

 M.V.K.Agro Food Product IPOZenith Drugs IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹75.00 per share
Issue Price (Upper)₹79.00 per share
Issue Price (Final)₹120.00 per share₹79.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares1600 shares
Fresh Issue Size52,15,200 shares42,96,000 shares
Fresh Issue Size (Amount)up to ₹62.58 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 Total52,15,200 shares42,96,000 shares
Issue Size Total (Amount)up to ₹62.58 Crup to ₹33.94 Cr

IPO Timetable

M.V.K.Agro Food Product IPO opens on Feb 29, 2024, while Zenith Drugs IPO opens on Feb 19, 2024. The closing date of M.V.K.Agro Food Product IPO and Zenith Drugs IPO is Mar 04, 2024, and Feb 22, 2024, respectively.

 M.V.K.Agro Food Product IPOZenith Drugs IPO
Anchor Bid DateFeb 16, 2024
Issue OpenFeb 29, 2024Feb 19, 2024
Issue CloseMar 04, 2024Feb 22, 2024
Basis Of Allotment (Tentative)Mar 05, 2024Feb 23, 2024
Initiation of Refunds (Tentative)Mar 06, 2024Feb 26, 2024
Credit of Share (Tentative)Mar 06, 2024Feb 26, 2024
Listing date (Tentative)Mar 07, 2024Feb 27, 2024
Anchor Lockin End date 1Mar 24, 2024
Anchor Lockin End date 2May 23, 2024

Financials & KPIs

M.V.K.Agro Food Product IPO P/E ratio is 31.79, as compared to Zenith Drugs IPO P/E ratio of 18.4.

 M.V.K.Agro Food Product IPOZenith Drugs IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets148.04154.72116.02114.46
Total Income60.4493.94132.6425.83
Profit After Tax4.303.773.201.40
NET Worth17.6813.389.606.40
Reserves and Surplus12.688.384.601.40
Total Borrowing62.8191.5660.0174.96
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)100.00100.00
Promoter Shareholding (Post-Issue)64.5669.98
P/E Ratio31.7918.4
Market Cap₹185.88 Cr.₹135.48 Cr.
ROE32.85%35.13%
ROCE13.44%37.29%
Debt/Equity6.841.51
EPS₹3.77₹4.29
RoNW32.85%29.88%

Shares Offered

In the M.V.K.Agro Food Product IPO Retail Individual Investors (RII) are offered 26,07,600 shares while in Zenith Drugs IPO retail investors are offered 26,07,600 shares. Qualified Institutional Buyers (QIB) are offered in M.V.K.Agro Food Product IPO and 8,59,200 shares in Zenith Drugs IPO.

 M.V.K.Agro Food Product IPOZenith Drugs IPO
Anchor Investor Reservation12,88,000 shares
Market Maker Reservation2,74,800 shares8,52,800 shares
QIB8,59,200 shares
NII26,07,600 shares6,44,800 shares
RII26,07,600 shares15,04,000 shares
Employee
Others
Total52,15,200 shares42,96,000 shares

Bids Received (Subscription)

M.V.K.Agro Food Product IPO subscribed 8.46x in total, whereas Zenith Drugs IPO subscribed 179.18x.

 M.V.K.Agro Food Product IPOZenith Drugs IPO
QIB (times)106.72x
NII (times)3.90x368.77x
Big NII (times)
Small NII (times)
RII (times)13.01x139.28x
Employee (times)
Other (times)
Total (times)8.46x179.18x

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Compare:

M.V.K.Agro Food Product IPO Vs Zenith Drugs IPO