Macfos IPO vs Patron Exim IPO

Comparison between Macfos IPO and Patron Exim IPO.

IPO Details

Macfos IPO is a SME Fixed Price IPO proposed to list at BSE SME while Patron Exim IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Macfos IPO is up to ₹22.56 Cr whereas the issue size of the Patron Exim IPO is up to ₹15.83 Cr. The final issue price of Macfos IPO is ₹102.00 per share and of Patron Exim IPO is ₹27.00 per share.

 Macfos IPOPatron Exim 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)₹102.00 per share₹27.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares4000 shares
Fresh Issue Size0 shares58,64,000 shares
Fresh Issue Size (Amount)up to ₹0.00 Crup to ₹15.83 Cr
OFS Issue Size22,11,600 shares0 shares
OFS Issue Size (Amount)up to ₹22.56 Crup to ₹0.00 Cr
Issue Size Total22,11,600 shares58,64,000 shares
Issue Size Total (Amount)up to ₹22.56 Crup to ₹15.83 Cr

IPO Timetable

Macfos IPO opens on Feb 17, 2023, while Patron Exim IPO opens on Feb 21, 2023. The closing date of Macfos IPO and Patron Exim IPO is Feb 21, 2023, and Feb 24, 2023, respectively.

 Macfos IPOPatron Exim IPO
Anchor Bid DateFeb 16, 2023
Issue OpenFeb 17, 2023Feb 21, 2023
Issue CloseFeb 21, 2023Feb 24, 2023
Basis Of Allotment (Tentative)Feb 24, 2023Mar 01, 2023
Initiation of Refunds (Tentative)Feb 27, 2023Mar 02, 2023
Credit of Share (Tentative)Feb 28, 2023Mar 03, 2023
Listing date (Tentative)Mar 01, 2023Mar 06, 2023
Anchor Lockin End date 1Mar 26, 2023
Anchor Lockin End date 2May 25, 2023

Financials & KPIs

Macfos IPO P/E ratio is 15.22, as compared to Patron Exim IPO P/E ratio of 28.72.

 Macfos IPOPatron Exim IPO
Financials

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

Company Financials (Restated)

Period Ended30 Nov 202231 Mar 202231 Mar 202131 Mar 2020
Assets24.4814.658.1116.34
Total Income10.545.0220.5425.16
Profit After Tax1.450.830.070.02
NET Worth16.265.142.702.59
Reserves and Surplus0.000.000.000.00
Total Borrowing6.180.002.371.37
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)10097.06
Promoter Shareholding (Post-Issue)73.6571.18
P/E Ratio15.2228.72
Market Cap₹90.12 Cr.₹62.59 Cr.
ROE98.36
ROCE39.68
Debt/Equity0.66
EPS₹6.81₹1.62
RoNW65.9316.15

Shares Offered

In the Macfos IPO Retail Individual Investors (RII) are offered 7,75,200 shares while in Patron Exim IPO retail investors are offered 7,75,200 shares. Qualified Institutional Buyers (QIB) are offered 4,44,000 shares in Macfos IPO and in Patron Exim IPO.

 Macfos IPOPatron Exim IPO
Anchor Investor Reservation6,60,000 shares
Market Maker Reservation1,16,400 shares3,16,000 shares
QIB4,44,000 shares
NII3,32,400 shares29,32,000 shares
RII7,75,200 shares29,32,000 shares
Employee
Others
Total22,11,600 shares58,64,000 shares

Bids Received (Subscription)

Macfos IPO subscribed 193.87x in total, whereas Patron Exim IPO subscribed 1.07x.

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Macfos IPO Vs Patron Exim IPO