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ITCONS E-Solutions IPO vs Macfos IPO

Comparison between ITCONS E-Solutions IPO and Macfos IPO.

IPO Details

ITCONS E-Solutions IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Macfos IPO is a SME Bookbuilding proposed to list at BSE SME.

 ITCONS E-Solutions IPOMacfos IPO
LogoITCONS E-Solutions IPO LogoMacfos IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMEBSE SME
Lead ManagersFinshore Management Services Ltd.Hem Securities Ltd.
RegistrarCameo Corporate Services Ltd.Bigshare Services Pvt.Ltd.
Market MakerNikunj Stock Brokers Ltd.Hem Securities 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 ITCONS E-Solutions IPO is up to ₹8.23 Cr whereas the issue size of the Macfos IPO is up to ₹22.56 Cr. The final issue price of ITCONS E-Solutions IPO is ₹51.00 per share and of Macfos IPO is ₹102.00 per share.

 ITCONS E-Solutions IPOMacfos IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹96.00 per share
Issue Price (Upper)₹102.00 per share
Issue Price (Final)₹51.00 per share₹102.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1200 shares
Fresh Issue Size16,14,000 shares0 shares
Fresh Issue Size (Amount)up to ₹8.23 Crup to ₹0.00 Cr
OFS Issue Size0 shares22,11,600 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹22.56 Cr
Issue Size Total16,14,000 shares22,11,600 shares
Issue Size Total (Amount)up to ₹8.23 Crup to ₹22.56 Cr

IPO Timetable

ITCONS E-Solutions IPO opens on Feb 28, 2023, while Macfos IPO opens on Feb 17, 2023. The closing date of ITCONS E-Solutions IPO and Macfos IPO is Mar 02, 2023, and Feb 21, 2023, respectively.

 ITCONS E-Solutions IPOMacfos IPO
Anchor Bid DateFeb 16, 2023
Issue OpenFeb 28, 2023Feb 17, 2023
Issue CloseMar 02, 2023Feb 21, 2023
Basis Of Allotment (Tentative)Mar 08, 2023Feb 24, 2023
Initiation of Refunds (Tentative)Mar 09, 2023Feb 27, 2023
Credit of Share (Tentative)Mar 10, 2023Feb 28, 2023
Listing date (Tentative)Mar 13, 2023Mar 01, 2023
Anchor Lockin End date 1Mar 26, 2023
Anchor Lockin End date 2May 25, 2023

Financials & KPIs

ITCONS E-Solutions IPO P/E ratio is 12.09, as compared to Macfos IPO P/E ratio of 15.22.

 ITCONS E-Solutions IPOMacfos IPO
Financials
ITCONS E-Solutions Limited Financial Information (Restated Standalone)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20351.17834.9510.5796.7895.64145.06
31-Mar-21341.21842.487.53104.31103.17136.33
31-Mar-22470.711,820.36119.11223.42222.28106.23
30-Sep-22792.371,605.05106.12462.23129.36176.70
Amount in ₹ Lakhs
Macfos Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20624.621,622.1632.9752.5551.55433.12
31-Mar-21941.752,733.76158.31310.66309.64350.13
31-Mar-222,047.205,587.07601.27911.93910.91603.26
30-Sep-222,598.743,605.40295.851,207.781,206.76938.00
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)89.67100
Promoter Shareholding (Post-Issue)59.3673.65
P/E Ratio12.0915.22
Market Cap₹25.65 Cr.₹90.12 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the ITCONS E-Solutions IPO Retail Individual Investors (RII) are offered 8,08,000 shares while in Macfos IPO retail investors are offered 8,08,000 shares. Qualified Institutional Buyers (QIB) are offered in ITCONS E-Solutions IPO and 4,44,000 shares in Macfos IPO.

 ITCONS E-Solutions IPOMacfos IPO
Anchor Investor Reserveration6,60,000 shares
Market Maker Reserveration86,000 shares1,16,400 shares
QIB4,44,000 shares
NII8,06,000 shares3,32,400 shares
RII8,08,000 shares7,75,200 shares
Employee
Others
Total16,14,000 shares22,11,600 shares

Bids Received (Subscription)

ITCONS E-Solutions IPO subscribed 16.79x in total, whereas Macfos IPO subscribed 193.87x.

 ITCONS E-Solutions IPOMacfos IPO
QIB (times)21.60x
NII (times)16.12x659.99x
Big NII (times)
Small NII (times)
RII (times)17.45x268.45x
Employee (times)
Other (times)
Total (times)16.79x193.87x