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Madhav Copper FPO vs Vaxtex Cotfab IPO

Comparison between Madhav Copper FPO and Vaxtex Cotfab IPO.

IPO Details

Madhav Copper FPO is a SME Fixed Price IPO proposed to list at NSE SME while Vaxtex Cotfab IPO is a SME Fixed Price proposed to list at NSE SME.

 Madhav Copper FPOVaxtex Cotfab IPO
LogoMadhav Copper FPO LogoVaxtex Cotfab IPO Logo
Issue CategorySMESME
Issue TypeFPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersPantomath Capital Advisors Pvt.Ltd.Capital Square Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerPantomath Stock Brokers Pvt.Ltd.NNM Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Madhav Copper FPO is up to ₹24.21 Cr whereas the issue size of the Vaxtex Cotfab IPO is up to ₹3.63 Cr. The final issue price of Madhav Copper FPO is ₹102.00 per share and of Vaxtex Cotfab IPO is ₹24.00 per share.

 Madhav Copper FPOVaxtex Cotfab IPO
Face Value₹5 per share₹10 per share
Issue Price (Lower)₹100.00 per share
Issue Price (Upper)₹102.00 per share
Issue Price (Final)₹102.00 per share₹24.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares6000 shares
Fresh Issue Size23,73,600 shares15,12,000 shares
Fresh Issue Size (Amount)up to ₹24.21 Crup to ₹3.63 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total23,73,600 shares15,12,000 shares
Issue Size Total (Amount)up to ₹24.21 Crup to ₹3.63 Cr

IPO Timetable

Madhav Copper FPO opens on Jan 27, 2020, while Vaxtex Cotfab IPO opens on Dec 27, 2019. The closing date of Madhav Copper FPO and Vaxtex Cotfab IPO is Jan 30, 2020, and Jan 03, 2020, respectively.

 Madhav Copper FPOVaxtex Cotfab IPO
Anchor Bid Date
Issue OpenJan 27, 2020Dec 27, 2019
Issue CloseJan 30, 2020Jan 03, 2020
Basis Of Allotment (Tentative)Feb 04, 2020Jan 08, 2020
Initiation of Refunds (Tentative)Feb 05, 2020Jan 09, 2020
Credit of Share (Tentative)Feb 06, 2020Jan 10, 2020
Listing date (Tentative)Feb 06, 2020Jan 13, 2020
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Madhav Copper FPO P/E ratio is 53, as compared to Vaxtex Cotfab IPO P/E ratio of .

 Madhav Copper FPOVaxtex Cotfab IPO
Financials
Summary of financial Information (Restated)
Particulars For the year/period ended (Rs in Lakhs)
30-Sept-19 31-Mar-19 31-Mar-18 31-Mar-17
Total Assets 4,910.30 4,550.17 2,363.78 2,271.51
Total Revenue 9,434.48 21,305.04 16,910.63 7,162.87
Profit After Tax 260.13 421.42 196.23 86.38
Summary of financial Information (Restated)
Particulars For the year/period ended (Rs in Lakhs)
30-Jun-19 31-Mar-19 31-Mar-18 31-Mar-17
Total Assets 1,969.99 1,350.29 1,018.76 470.00
Total Revenue 454.46 2,201.80 1,846.63 446.06
Profit After Tax 33.58 60.20 17.09 1.85
Promoter Shareholding (Pre-Issue)73.0498.50
Promoter Shareholding (Post-Issue)63.8373.50
P/E Ratio53
Market Cap₹276.86 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Madhav Copper FPO Retail Individual Investors (RII) are offered 11,86,800 shares while in Vaxtex Cotfab IPO retail investors are offered 11,86,800 shares. Qualified Institutional Buyers (QIB) are offered in Madhav Copper FPO and in Vaxtex Cotfab IPO.

 Madhav Copper FPOVaxtex Cotfab IPO
Anchor Investor Reserveration
Market Maker Reserveration1,26,000 shares84,000 shares
QIB
NII11,86,800 shares7,56,000 shares
RII11,86,800 shares7,56,000 shares
Employee
Others
Total23,73,600 shares15,12,000 shares

Bids Received (Subscription)

Madhav Copper FPO subscribed 1.74x in total, whereas Vaxtex Cotfab IPO subscribed 2.86x.

 Madhav Copper FPOVaxtex Cotfab IPO
QIB (times)
NII (times)1.72x1.75x
Big NII (times)
Small NII (times)
RII (times)1.77x3.97x
Employee (times)
Other (times)
Total (times)1.74x2.86x