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Kody Technolab IPO vs Madhusudan Masala IPO

Comparison between Kody Technolab IPO and Madhusudan Masala IPO.

IPO Details

Kody Technolab IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Madhusudan Masala IPO is a SME Bookbuilding proposed to list at NSE SME.

 Kody Technolab IPOMadhusudan Masala IPO
LogoKody Technolab IPO LogoMadhusudan Masala IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Hem Securities Ltd.
RegistrarKfin Technologies Ltd.Kfin Technologies Ltd.
Market MakerSpread X Securities Pvt.Ltd.Hem Finlease Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Kody Technolab IPO is up to ₹26.14 Cr whereas the issue size of the Madhusudan Masala IPO is up to ₹22.60 Cr. The final issue price of Kody Technolab IPO is ₹160.00 per share and of Madhusudan Masala IPO is ₹70.00 per share.

 Kody Technolab IPOMadhusudan Masala IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹66.00 per share
Issue Price (Upper)₹70.00 per share
Issue Price (Final)₹160.00 per share₹70.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size800 shares2000 shares
Fresh Issue Size16,33,600 shares32,28,000 shares
Fresh Issue Size (Amount)up to ₹26.14 Crup to ₹22.60 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total16,33,600 shares32,28,000 shares
Issue Size Total (Amount)up to ₹26.14 Crup to ₹22.60 Cr

IPO Timetable

Kody Technolab IPO opens on Sep 15, 2023, while Madhusudan Masala IPO opens on Sep 18, 2023. The closing date of Kody Technolab IPO and Madhusudan Masala IPO is Sep 20, 2023, and Sep 21, 2023, respectively.

 Kody Technolab IPOMadhusudan Masala IPO
Anchor Bid DateSep 15, 2023
Issue OpenSep 15, 2023Sep 18, 2023
Issue CloseSep 20, 2023Sep 21, 2023
Basis Of Allotment (Tentative)Sep 25, 2023Sep 26, 2023
Initiation of Refunds (Tentative)Sep 26, 2023Sep 27, 2023
Credit of Share (Tentative)Sep 27, 2023Sep 29, 2023
Listing date (Tentative)Sep 27, 2023Sep 26, 2023
Anchor Lockin End date 1Oct 26, 2023
Anchor Lockin End date 2Dec 25, 2023

Financials & KPIs

Kody Technolab IPO P/E ratio is 22.66, as compared to Madhusudan Masala IPO P/E ratio of 10.08.

 Kody Technolab IPOMadhusudan Masala IPO
Financials
Kody Technolab IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets115.14238.041,452.55
Total Income248.16384.201,109.10
Profit After Tax-10.8062.13318.09
Net Worth-171.16-109.03469.35
Reserves and Surplus-172.16-110.03123.99
Total Borrowing150.39161.47746.79
Amount in ₹ Lakhs
Madhusudan Masala IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets2,599.903,514.295,736.52
Total Income6,875.186,651.8112,750.57
Profit After Tax44.9881.29575.89
Net Worth1,094.0931.071,099.10
Reserves and Surplus30.07599.10
Total Borrowing966.402,819.534,217.20
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.00100.00
Promoter Shareholding (Post-Issue)73.0173.64
P/E Ratio22.6610.08
Market Cap₹101.98 Cr.₹90.30 Cr.
ROE176.59%101.91%
ROCE97.37%20.08%
Debt/Equity1.593.84
EPS₹7.06₹6.94
RoNW67.77%52.40%

Shares Offered

In the Kody Technolab IPO Retail Individual Investors (RII) are offered 8,16,800 shares while in Madhusudan Masala IPO retail investors are offered 8,16,800 shares. Qualified Institutional Buyers (QIB) are offered in Kody Technolab IPO and 6,46,000 shares in Madhusudan Masala IPO.

 Kody Technolab IPOMadhusudan Masala IPO
Anchor Investor Reserveration9,66,000 shares
Market Maker Reserveration86,400 shares1,72,000 shares
QIB6,46,000 shares
NII8,16,800 shares4,86,000 shares
RII8,16,800 shares11,30,000 shares
Employee
Others
Total16,33,600 shares32,28,000 shares

Bids Received (Subscription)

Kody Technolab IPO subscribed 51.55x in total, whereas Madhusudan Masala IPO subscribed 444.27x.

 Kody Technolab IPOMadhusudan Masala IPO
QIB (times)86.91x
NII (times)41.17x574.08x
Big NII (times)
Small NII (times)
RII (times)53.56x592.73x
Employee (times)
Other (times)
Total (times)51.55x444.27x