Maheshwari Logistics IPO vs Steel City Securities IPO

Comparison between Maheshwari Logistics IPO and Steel City Securities IPO.

IPO Details

Maheshwari Logistics IPO is a SME Fixed Price IPO proposed to list at NSE SME while Steel City Securities IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of Maheshwari Logistics IPO is up to ₹25.79 Cr whereas the issue size of the Steel City Securities IPO is up to ₹25.64 Cr. The final issue price of Maheshwari Logistics IPO is ₹68.00 per share and of Steel City Securities IPO is ₹55.00 per share.

 Maheshwari Logistics IPOSteel City Securities IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹68.00 per share₹55.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares2000 shares
Fresh Issue Size37,92,000 shares24,80,183 shares
Fresh Issue Size (Amount)up to ₹25.79 Crup to ₹13.64 Cr
OFS Issue Size0 shares21,81,817 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹12.00 Cr
Issue Size Total37,92,000 shares46,62,000 shares
Issue Size Total (Amount)up to ₹25.79 Crup to ₹25.64 Cr

IPO Timetable

Maheshwari Logistics IPO opens on Dec 30, 2016, while Steel City Securities IPO opens on Feb 06, 2017. The closing date of Maheshwari Logistics IPO and Steel City Securities IPO is Jan 06, 2017, and Feb 09, 2017, respectively.

 Maheshwari Logistics IPOSteel City Securities IPO
Issue OpenDec 30, 2016Feb 06, 2017
Issue CloseJan 06, 2017Feb 09, 2017
Basis Of Allotment (Tentative)Jan 11, 2017Feb 14, 2017
Listing date (Tentative)Jan 16, 2017Feb 17, 2017

Financials & KPIs

Maheshwari Logistics IPO P/E ratio is , as compared to Steel City Securities IPO P/E ratio of .

 Maheshwari Logistics IPOSteel City Securities IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 201631 Mar 201631 Mar 201531 Mar 2014
Assets246.53217.88167.08152.35
Total Income334.81605.47534.93414.89
Profit After Tax4.716.925.845.17
NET Worth59.4356.6947.6438.08
Reserves and Surplus54.0351.2942.4333.21
Total Borrowing59.4052.4729.5635.87
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 201631 Mar 201631 Mar 201531 Mar 2014
Assets88.1975.7785.7372.18
Total Income16.2626.6631.6421.67
Profit After Tax2.653.936.573.29
NET Worth51.3648.6546.5345.20
Reserves and Surplus38.9836.2734.1532.82
Total Borrowing4.744.8017.643.42
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)79.72%69.56%
Promoter Shareholding (Post-Issue)58.19%42.58%
Market Cap₹100.63 Cr.₹83.09 Cr.

Shares Offered

In the Maheshwari Logistics IPO Retail Individual Investors (RII) are offered 18,96,000 shares while in Steel City Securities IPO retail investors are offered 18,96,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Maheshwari Logistics IPO and 0 shares in Steel City Securities IPO.

 Maheshwari Logistics IPOSteel City Securities IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation2,04,000 shares2,46,000 shares
QIB0 shares0 shares
NII18,96,000 shares23,31,000 shares
RII18,96,000 shares23,31,000 shares
Employee0 shares0 shares
Total37,92,000 shares46,62,000 shares

Bids Received (Subscription)

Maheshwari Logistics IPO subscribed 4.61x in total, whereas Steel City Securities IPO subscribed 4.82x.

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Maheshwari Logistics IPO Vs Steel City Securities IPO