Lead Reclaim IPO vs Macfos IPO

Comparison between Lead Reclaim IPO and Macfos IPO.

IPO Details

Lead Reclaim IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Macfos IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of Lead Reclaim IPO is up to ₹4.62 Cr whereas the issue size of the Macfos IPO is up to ₹22.56 Cr. The final issue price of Lead Reclaim IPO is ₹25.00 per share and of Macfos IPO is ₹102.00 per share.

 Lead Reclaim 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)₹25.00 per share₹102.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size6000 shares1200 shares
Fresh Issue Size18,48,000 shares0 shares
Fresh Issue Size (Amount)up to ₹4.62 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 Total18,48,000 shares22,11,600 shares
Issue Size Total (Amount)up to ₹4.62 Crup to ₹22.56 Cr

IPO Timetable

Lead Reclaim IPO opens on Feb 09, 2023, while Macfos IPO opens on Feb 17, 2023. The closing date of Lead Reclaim IPO and Macfos IPO is Feb 13, 2023, and Feb 21, 2023, respectively.

 Lead Reclaim IPOMacfos IPO
Anchor Bid DateFeb 16, 2023
Issue OpenFeb 09, 2023Feb 17, 2023
Issue CloseFeb 13, 2023Feb 21, 2023
Basis Of Allotment (Tentative)Feb 16, 2023Feb 24, 2023
Initiation of Refunds (Tentative)Feb 17, 2023Feb 27, 2023
Credit of Share (Tentative)Feb 20, 2023Feb 28, 2023
Listing date (Tentative)Feb 21, 2023Mar 01, 2023
Anchor Lockin End date 1Mar 26, 2023
Anchor Lockin End date 2May 25, 2023

Financials & KPIs

Lead Reclaim IPO P/E ratio is 25.77, as compared to Macfos IPO P/E ratio of 15.22.

 Lead Reclaim IPOMacfos IPO
Financials

Company Financials (Restated Consolidated)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets9.957.045.955.32
Total Income4.9910.377.064.84
Profit After Tax0.360.480.230.36
NET Worth5.562.900.400.17
Reserves and Surplus2.420.680.20-0.03
Total Borrowing2.712.693.953.77
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets25.9920.479.426.25
Total Income36.0555.8727.3416.22
Profit After Tax2.966.011.580.33
NET Worth12.089.123.110.53
Reserves and Surplus12.079.113.100.52
Total Borrowing9.386.033.504.33
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)86.48100
Promoter Shareholding (Post-Issue)63.5173.65
P/E Ratio25.7715.22
Market Cap₹18.35 Cr.₹90.12 Cr.
ROE98.36
ROCE39.68
Debt/Equity0.66
EPS₹6.81
RoNW65.93

Shares Offered

In the Lead Reclaim IPO Retail Individual Investors (RII) are offered 9,24,000 shares while in Macfos IPO retail investors are offered 9,24,000 shares. Qualified Institutional Buyers (QIB) are offered in Lead Reclaim IPO and 4,44,000 shares in Macfos IPO.

 Lead Reclaim IPOMacfos IPO
Anchor Investor Reservation6,60,000 shares
Market Maker Reservation1,02,000 shares1,16,400 shares
QIB4,44,000 shares
NII9,24,000 shares3,32,400 shares
RII9,24,000 shares7,75,200 shares
Employee
Others
Total18,48,000 shares22,11,600 shares

Bids Received (Subscription)

Lead Reclaim IPO subscribed 75.98x in total, whereas Macfos IPO subscribed 193.87x.

 Lead Reclaim IPOMacfos IPO
QIB (times)21.60x
NII (times)87.56x659.99x
Big NII (times)
Small NII (times)
RII (times)64.41x268.45x
Employee (times)
Other (times)
Total (times)75.98x193.87x

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