Macfos IPO vs Viaz Tyres IPO

Comparison between Macfos IPO and Viaz Tyres IPO.

IPO Details

Macfos IPO is a SME Fixed Price IPO proposed to list at BSE SME while Viaz Tyres IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of Macfos IPO is up to ₹22.56 Cr whereas the issue size of the Viaz Tyres IPO is up to ₹19.00 Cr. The final issue price of Macfos IPO is ₹102.00 per share and of Viaz Tyres IPO is ₹62.00 per share.

 Macfos IPOViaz Tyres 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₹62.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares2000 shares
Fresh Issue Size0 shares30,64,000 shares
Fresh Issue Size (Amount)up to ₹0.00 Crup to ₹19.00 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 shares30,64,000 shares
Issue Size Total (Amount)up to ₹22.56 Crup to ₹19.00 Cr

IPO Timetable

Macfos IPO opens on Feb 17, 2023, while Viaz Tyres IPO opens on Feb 16, 2023. The closing date of Macfos IPO and Viaz Tyres IPO is Feb 21, 2023, and Feb 21, 2023, respectively.

 Macfos IPOViaz Tyres IPO
Anchor Bid DateFeb 16, 2023
Issue OpenFeb 17, 2023Feb 16, 2023
Issue CloseFeb 21, 2023Feb 21, 2023
Basis Of Allotment (Tentative)Feb 24, 2023Feb 24, 2023
Initiation of Refunds (Tentative)Feb 27, 2023Feb 27, 2023
Credit of Share (Tentative)Feb 28, 2023Feb 28, 2023
Listing date (Tentative)Mar 01, 2023Mar 01, 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 Viaz Tyres IPO P/E ratio of 24.9.

 Macfos IPOViaz Tyres 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 Standalone)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets34.0628.9827.1324.30
Total Income23.7929.3329.1719.94
Profit After Tax1.531.470.610.15
NET Worth10.986.404.944.33
Reserves and Surplus0.000.000.000.00
Total Borrowing20.0319.9620.4818.96
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)10099.2
Promoter Shareholding (Post-Issue)73.6573.07
P/E Ratio15.2224.9
Market Cap₹90.12 Cr.₹75.96 Cr.
ROE98.3625.91
ROCE39.6819.98
Debt/Equity0.663.12
EPS₹6.81₹1.72
RoNW65.9322.94

Shares Offered

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

 Macfos IPOViaz Tyres IPO
Anchor Investor Reservation6,60,000 shares
Market Maker Reservation1,16,400 shares1,62,000 shares
QIB4,44,000 shares
NII3,32,400 shares15,32,000 shares
RII7,75,200 shares15,32,000 shares
Employee
Others
Total22,11,600 shares30,64,000 shares

Bids Received (Subscription)

Macfos IPO subscribed 193.87x in total, whereas Viaz Tyres IPO subscribed 5.79x.

 Macfos IPOViaz Tyres IPO
QIB (times)21.60x
NII (times)659.99x5.33x
Big NII (times)
Small NII (times)
RII (times)268.45x6.25x
Employee (times)
Other (times)
Total (times)193.87x5.79x

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