Mac Hotels IPO vs Parin Furniture IPO

Comparison between Mac Hotels IPO and Parin Furniture IPO.

IPO Details

Mac Hotels IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Parin Furniture IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Mac Hotels IPO is up to ₹1.84 Cr whereas the issue size of the Parin Furniture IPO is up to ₹17.89 Cr. The final issue price of Mac Hotels IPO is ₹24.00 per share and of Parin Furniture IPO is ₹63.00 per share.

 Mac Hotels IPOParin Furniture IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹60.00 per share
Issue Price (Upper)₹63.00 per share
Issue Price (Final)₹24.00 per share₹63.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size6000 shares2000 shares
Fresh Issue Size0 shares28,40,000 shares
Fresh Issue Size (Amount)up to ₹0.00 Crup to ₹17.89 Cr
OFS Issue Size7,68,000 shares0 shares
OFS Issue Size (Amount)up to ₹1.84 Crup to ₹0.00 Cr
Issue Size Total7,68,000 shares28,40,000 shares
Issue Size Total (Amount)up to ₹1.84 Crup to ₹17.89 Cr

IPO Timetable

Mac Hotels IPO opens on Sep 19, 2018, while Parin Furniture IPO opens on Sep 26, 2018. The closing date of Mac Hotels IPO and Parin Furniture IPO is Sep 25, 2018, and Sep 28, 2018, respectively.

 Mac Hotels IPOParin Furniture IPO
Issue OpenSep 19, 2018Sep 26, 2018
Issue CloseSep 25, 2018Sep 28, 2018
Basis Of Allotment (Tentative)Sep 28, 2018Oct 04, 2018
Initiation of Refunds (Tentative)Oct 05, 2018
Credit of Share (Tentative)Oct 05, 2018
Listing date (Tentative)Oct 04, 2018Oct 09, 2018

Financials & KPIs

Mac Hotels IPO P/E ratio is , as compared to Parin Furniture IPO P/E ratio of .

 Mac Hotels IPOParin Furniture IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 201831 Mar 201731 Mar 2016
Assets6.135.643.01
Total Income4.163.101.88
Profit After Tax0.410.130.08
NET Worth3.433.020.22
Reserves and Surplus0.430.02-0.11
Total Borrowing1.741.501.55
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended31 Mar 201831 Mar 201731 Mar 2016
Assets46.6443.4539.63
Total Income64.5959.9461.78
Profit After Tax2.621.361.02
EBITDA7.205.854.92
NET Worth15.475.654.29
Reserves and Surplus7.545.353.99
Total Borrowing23.2629.2525.42
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%100%
Promoter Shareholding (Post-Issue)73%73.02%
Market Cap₹7.20 Cr.₹70.04 Cr.

Shares Offered

In the Mac Hotels IPO Retail Individual Investors (RII) are offered 3,84,000 shares while in Parin Furniture IPO retail investors are offered 3,84,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Mac Hotels IPO and 2,84,000 shares in Parin Furniture IPO.

 Mac Hotels IPOParin Furniture IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation42,000 shares1,60,000 shares
QIB0 shares2,84,000 shares
NII3,84,000 shares15,62,000 shares
RII3,84,000 shares9,94,000 shares
Employee0 shares0 shares
Total7,68,000 shares28,40,000 shares

Bids Received (Subscription)

Mac Hotels IPO subscribed 1.52x in total, whereas Parin Furniture IPO subscribed 2.45x.

 Mac Hotels IPOParin Furniture IPO
QIB (times)1.00x
NII (times)1.88x1.89x
RII (times)1.17x3.74x
Total (times)1.52x2.45x

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Mac Hotels IPO Vs Parin Furniture IPO