Magson Retail IPO vs Pentagon Rubber IPO

Comparison between Magson Retail IPO and Pentagon Rubber IPO.

IPO Details

Magson Retail IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Pentagon Rubber IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Magson Retail IPO is up to ₹13.05 Cr whereas the issue size of the Pentagon Rubber IPO is up to ₹15.36 Cr. The final issue price of Magson Retail IPO is ₹65.00 per share and of Pentagon Rubber IPO is ₹70.00 per share.

 Magson Retail IPOPentagon Rubber IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹65.00 per share
Issue Price (Upper)₹70.00 per share
Issue Price (Final)₹65.00 per share₹70.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares2000 shares
Fresh Issue Size20,08,000 shares21,94,000 shares
Fresh Issue Size (Amount)up to ₹13.05 Crup to ₹15.36 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total20,08,000 shares21,94,000 shares
Issue Size Total (Amount)up to ₹13.05 Crup to ₹15.36 Cr

IPO Timetable

Magson Retail IPO opens on Jun 23, 2023, while Pentagon Rubber IPO opens on Jun 26, 2023. The closing date of Magson Retail IPO and Pentagon Rubber IPO is Jun 27, 2023, and Jun 30, 2023, respectively.

 Magson Retail IPOPentagon Rubber IPO
Anchor Bid DateJun 23, 2023
Issue OpenJun 23, 2023Jun 26, 2023
Issue CloseJun 27, 2023Jun 30, 2023
Basis Of Allotment (Tentative)Jul 03, 2023Jul 05, 2023
Initiation of Refunds (Tentative)Jul 04, 2023Jul 06, 2023
Credit of Share (Tentative)Jul 05, 2023Jul 07, 2023
Listing date (Tentative)Jul 06, 2023Jul 07, 2023
Anchor Lockin End date 1Aug 04, 2023
Anchor Lockin End date 2Oct 03, 2023

Financials & KPIs

Magson Retail IPO P/E ratio is 20.25, as compared to Pentagon Rubber IPO P/E ratio of 18.76.

 Magson Retail IPOPentagon Rubber IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets20.0014.9512.848.33
Total Income63.0155.6753.5932.41
Profit After Tax2.522.231.821.66
NET Worth9.265.743.511.69
Reserves and Surplus3.535.733.501.68
Total Borrowing3.223.453.873.54
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Dec 202231 Mar 202231 Mar 202131 Mar 2020
Assets29.5728.0225.8921.33
Total Income29.9835.1223.2019.39
Profit After Tax2.163.091.100.94
NET Worth7.705.542.461.35
Reserves and Surplus2.301.54-1.54-2.65
Total Borrowing16.7017.5916.4912.45
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)95.89100
Promoter Shareholding (Post-Issue)70.0670.04
P/E Ratio20.2518.76
Market Cap₹51.03 Cr.₹53.97 Cr.
ROE32.59
ROCE27.16
Debt/Equity0.352.17
EPS₹4.96₹3.83
RoNW27.1955.67

Shares Offered

In the Magson Retail IPO Retail Individual Investors (RII) are offered 10,04,000 shares while in Pentagon Rubber IPO retail investors are offered 10,04,000 shares. Qualified Institutional Buyers (QIB) are offered in Magson Retail IPO and 4,38,000 shares in Pentagon Rubber IPO.

 Magson Retail IPOPentagon Rubber IPO
Anchor Investor Reservation6,56,000 shares
Market Maker Reservation1,06,000 shares1,16,000 shares
QIB4,38,000 shares
NII10,04,000 shares3,30,000 shares
RII10,04,000 shares7,70,000 shares
Employee
Others
Total20,08,000 shares21,94,000 shares

Bids Received (Subscription)

Magson Retail IPO subscribed 6.74x in total, whereas Pentagon Rubber IPO subscribed 106.20x.

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