AccelerateBS IPO vs Magson Retail IPO

Comparison between AccelerateBS IPO and Magson Retail IPO.

IPO Details

AccelerateBS IPO is a SME Fixed Price IPO proposed to list at BSE SME while Magson Retail IPO is a SME Fixed Price proposed to list at NSE SME.

	AccelerateBS IPO	Magson Retail IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Fixed Price
Listing At	BSE SME	NSE SME
Lead Managers	Shreni Shares Ltd.	ISK Advisors Pvt.Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Shreni Shares Ltd.	Sunflower Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of AccelerateBS IPO is up to ₹5.39 Cr whereas the issue size of the Magson Retail IPO is up to ₹13.05 Cr. The final issue price of AccelerateBS IPO is ₹90.00 per share and of Magson Retail IPO is ₹65.00 per share.

	AccelerateBS IPO	Magson Retail IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹90.00 per share	₹65.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1600 shares	2000 shares
Fresh Issue Size	1,55,200 shares	20,08,000 shares
Fresh Issue Size (Amount)	up to ₹1.40 Cr	up to ₹13.05 Cr
OFS Issue Size	4,43,200 shares	0 shares
OFS Issue Size (Amount)	up to ₹3.99 Cr	up to ₹0.00 Cr
Issue Size Total	5,98,400 shares	20,08,000 shares
Issue Size Total (Amount)	up to ₹5.39 Cr	up to ₹13.05 Cr

IPO Timetable

AccelerateBS IPO opens on Jul 06, 2023, while Magson Retail IPO opens on Jun 23, 2023. The closing date of AccelerateBS IPO and Magson Retail IPO is Jul 11, 2023, and Jun 27, 2023, respectively.

	AccelerateBS IPO	Magson Retail IPO
Anchor Bid Date
Issue Open	Jul 06, 2023	Jun 23, 2023
Issue Close	Jul 11, 2023	Jun 27, 2023
Basis Of Allotment (Tentative)	Jul 14, 2023	Jul 03, 2023
Initiation of Refunds (Tentative)	Jul 17, 2023	Jul 04, 2023
Credit of Share (Tentative)	Jul 18, 2023	Jul 05, 2023
Listing date (Tentative)	Jul 19, 2023	Jul 06, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

AccelerateBS IPO P/E ratio is 27.27, as compared to Magson Retail IPO P/E ratio of 20.25.

AccelerateBS IPO

Magson Retail IPO

Financials

AccelerateBS India Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	125.10	493.35	68.35	53.05
31-Mar-21	180.95	451.92	42.53	102.46	24.00
31-Mar-22	200.65	355.69	25.91	111.03	45.34
31-Jan-23	283.25	164.92	26.22	205.42	33.82
Amount in ₹ Lakhs

Magson Retail And Distribution Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	833.45	3,241.22	166.31	169.04	168.04	354.00
31-Mar-21	1,283.84	5,358.92	181.75	350.80	349.80	386.60
31-Mar-22	1,494.69	5,566.77	223.36	574.06	573.06	344.72
31-Mar-23	1,999.87	6,301.49	251.88	926.25	352.65	321.95
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

95.89

Promoter Shareholding (Post-Issue)

70.59

70.06

P/E Ratio

27.27

20.25

Market Cap

₹19.34 Cr.

₹51.03 Cr.

ROE

15.80%

ROCE

19.44%

Debt/Equity

0.16

0.35

EPS

₹1.38

₹4.96

RoNW

12.77%

27.19%

Shares Offered

In the AccelerateBS IPO Retail Individual Investors (RII) are offered 2,99,200 shares while in Magson Retail IPO retail investors are offered 2,99,200 shares. Qualified Institutional Buyers (QIB) are offered in AccelerateBS IPO and in Magson Retail IPO.

	AccelerateBS IPO	Magson Retail IPO
Anchor Investor Reserveration
Market Maker Reserveration	33,600 shares	1,06,000 shares
QIB
NII	2,99,200 shares	10,04,000 shares
RII	2,99,200 shares	10,04,000 shares
Employee
Others
Total	5,98,400 shares	20,08,000 shares

Bids Received (Subscription)

AccelerateBS IPO subscribed 49.19x in total, whereas Magson Retail IPO subscribed 6.74x.

	AccelerateBS IPO	Magson Retail IPO
QIB (times)
NII (times)	39.25x	6.09x
Big NII (times)
Small NII (times)
RII (times)	59.11x	7.38x
Employee (times)
Other (times)
Total (times)	49.19x	6.74x

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