HindPrakash Industries IPO vs Madhav Copper FPO

Comparison between HindPrakash Industries IPO and Madhav Copper FPO.

IPO Details

HindPrakash Industries IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Madhav Copper FPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of HindPrakash Industries IPO is up to ₹10.92 Cr whereas the issue size of the Madhav Copper FPO is up to ₹24.21 Cr. The final issue price of HindPrakash Industries IPO is ₹40.00 per share and of Madhav Copper FPO is ₹102.00 per share.

 HindPrakash Industries IPOMadhav Copper FPO
Face Value₹10 per share₹5 per share
Issue Price (Lower)₹100.00 per share
Issue Price (Upper)₹102.00 per share
Issue Price (Final)₹40.00 per share₹102.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size3000 shares1200 shares
Fresh Issue Size27,30,000 shares23,73,600 shares
Fresh Issue Size (Amount)up to ₹10.92 Crup to ₹24.21 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total27,30,000 shares23,73,600 shares
Issue Size Total (Amount)up to ₹10.92 Crup to ₹24.21 Cr

IPO Timetable

HindPrakash Industries IPO opens on Jan 15, 2020, while Madhav Copper FPO opens on Jan 27, 2020. The closing date of HindPrakash Industries IPO and Madhav Copper FPO is Jan 17, 2020, and Jan 30, 2020, respectively.

 HindPrakash Industries IPOMadhav Copper FPO
Issue OpenJan 15, 2020Jan 27, 2020
Issue CloseJan 17, 2020Jan 30, 2020
Basis Of Allotment (Tentative)Jan 22, 2020Feb 04, 2020
Initiation of Refunds (Tentative)Jan 23, 2020Feb 05, 2020
Credit of Share (Tentative)Jan 24, 2020Feb 06, 2020
Listing date (Tentative)Jan 27, 2020Feb 06, 2020

Financials & KPIs

HindPrakash Industries IPO P/E ratio is 11.7, as compared to Madhav Copper FPO P/E ratio of 53.

 HindPrakash Industries IPOMadhav Copper FPO
Financials

Company Financials (Restated)

Period Ended30 Sep 201931 Mar 201931 Mar 201831 Mar 2017
Assets47.9348.1431.1634.67
Total Income50.6497.9987.4886.12
Profit After Tax1.782.832.322.14
EBITDA3.275.444.894.67
NET Worth21.2419.5116.6814.38
Reserves and Surplus13.6911.9614.5312.22
Total Borrowing13.1415.2511.4110.85
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 201631 Mar 201631 Mar 201531 Mar 2014
Assets16.968.4312.014.94
Total Income23.6835.6419.691.12
Profit After Tax0.580.660.35-0.43
NET Worth2.662.081.420.32
Reserves and Surplus1.160.58-0.08-0.43
Total Borrowing8.085.516.403.66
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%100%
Promoter Shareholding (Post-Issue)72.37%73.04%
P/E Ratio11.753
Market Cap₹41.70 Cr.₹276.86 Cr.

Shares Offered

In the HindPrakash Industries IPO Retail Individual Investors (RII) are offered 13,65,000 shares while in Madhav Copper FPO retail investors are offered 13,65,000 shares. Qualified Institutional Buyers (QIB) are offered in HindPrakash Industries IPO and in Madhav Copper FPO.

 HindPrakash Industries IPOMadhav Copper FPO
Market Maker Reservation1,50,000 shares1,26,000 shares
NII13,65,000 shares11,86,800 shares
RII13,65,000 shares11,86,800 shares
Total27,30,000 shares23,73,600 shares

Bids Received (Subscription)

HindPrakash Industries IPO subscribed 2.16x in total, whereas Madhav Copper FPO subscribed 1.74x.

 HindPrakash Industries IPOMadhav Copper FPO
NII (times)2.96x1.72x
RII (times)1.37x1.77x
Total (times)2.16x1.74x

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HindPrakash Industries IPO Vs Madhav Copper FPO