Comparison between Maiden Forgings IPO and Nirman Agri Genetics IPO.
Maiden Forgings IPO is a SME Fixed Price IPO proposed to list at BSE SME while Nirman Agri Genetics IPO is a SME Fixed Price proposed to list at NSE SME.
| Maiden Forgings IPO | Nirman Agri Genetics IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Share India Capital Services Pvt.Ltd. | First Overseas Capital Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Share India Securities Ltd. | NNM Securities Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Maiden Forgings IPO is up to ₹22.64 Cr whereas the issue size of the Nirman Agri Genetics IPO is up to ₹19.27 Cr. The final issue price of Maiden Forgings IPO is ₹63.00 per share and of Nirman Agri Genetics IPO is ₹99.00 per share.
| Maiden Forgings IPO | Nirman Agri Genetics IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹60.00 per share | |
| Issue Price (Upper) | ₹63.00 per share | |
| Issue Price (Final) | ₹63.00 per share | ₹99.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 1200 shares |
| Fresh Issue Size | 35,94,000 shares | 19,46,400 shares |
| Fresh Issue Size (Amount) | up to ₹22.64 Cr | up to ₹19.27 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 35,94,000 shares | 19,46,400 shares |
| Issue Size Total (Amount) | up to ₹22.64 Cr | up to ₹19.27 Cr |
Maiden Forgings IPO opens on Mar 23, 2023, while Nirman Agri Genetics IPO opens on Mar 15, 2023. The closing date of Maiden Forgings IPO and Nirman Agri Genetics IPO is Mar 27, 2023, and Mar 20, 2023, respectively.
| Maiden Forgings IPO | Nirman Agri Genetics IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Mar 23, 2023 | Mar 15, 2023 |
| Issue Close | Mar 27, 2023 | Mar 20, 2023 |
| Basis Of Allotment (Tentative) | Mar 31, 2023 | Mar 23, 2023 |
| Initiation of Refunds (Tentative) | Apr 03, 2023 | Mar 24, 2023 |
| Credit of Share (Tentative) | Apr 05, 2023 | Mar 27, 2023 |
| Listing date (Tentative) | Apr 06, 2023 | Mar 28, 2023 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Maiden Forgings IPO P/E ratio is 8.38, as compared to Nirman Agri Genetics IPO P/E ratio of 14.93.
| Maiden Forgings IPO | Nirman Agri Genetics IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Standalone)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100 | 99.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.37 | 65.59 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 8.38 | 14.93 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹89.54 Cr. | ₹59.01 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 6.87 | 96.83 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 16.97 | 65.83 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.66 | 0.47 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹4.10 | ₹10.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 6.87 | 96.83 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Maiden Forgings IPO Retail Individual Investors (RII) are offered 22,64,000 shares while in Nirman Agri Genetics IPO retail investors are offered 22,64,000 shares. Qualified Institutional Buyers (QIB) are offered 3,60,000 shares in Maiden Forgings IPO and in Nirman Agri Genetics IPO.
| Maiden Forgings IPO | Nirman Agri Genetics IPO | |
|---|---|---|
| Anchor Investor Reservation | ||
| Market Maker Reservation | 1,90,000 shares | 1,04,400 shares |
| QIB | 3,60,000 shares | |
| NII | 9,70,000 shares | 9,73,200 shares |
| RII | 22,64,000 shares | 9,73,200 shares |
| Employee | ||
| Others | ||
| Total | 35,94,000 shares | 19,46,400 shares |
Maiden Forgings IPO subscribed 1.20x in total, whereas Nirman Agri Genetics IPO subscribed 1.71x.
| Maiden Forgings IPO | Nirman Agri Genetics IPO | |
|---|---|---|
| QIB (times) | 1.00x | |
| NII (times) | 1.42x | 1.22x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 1.12x | 2.20x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.20x | 1.71x |
