Comparison between Maiden Forgings IPO and Sancode Technologies IPO.
Maiden Forgings IPO is a SME Fixed Price IPO proposed to list at BSE SME while Sancode Technologies IPO is a SME Fixed Price proposed to list at BSE SME.
| Maiden Forgings IPO | Sancode Technologies IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Share India Capital Services Pvt.Ltd. | Shreni Shares Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Share India Securities Ltd. | Shreni Shares 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 Sancode Technologies IPO is up to ₹4.88 Cr. The final issue price of Maiden Forgings IPO is ₹63.00 per share and of Sancode Technologies IPO is ₹47.00 per share.
| Maiden Forgings IPO | Sancode Technologies 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 | ₹47.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 3000 shares |
| Fresh Issue Size | 35,94,000 shares | 10,38,000 shares |
| Fresh Issue Size (Amount) | up to ₹22.64 Cr | up to ₹4.88 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 | 10,38,000 shares |
| Issue Size Total (Amount) | up to ₹22.64 Cr | up to ₹4.88 Cr |
Maiden Forgings IPO opens on Mar 23, 2023, while Sancode Technologies IPO opens on Mar 31, 2023. The closing date of Maiden Forgings IPO and Sancode Technologies IPO is Mar 27, 2023, and Apr 06, 2023, respectively.
| Maiden Forgings IPO | Sancode Technologies IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Mar 23, 2023 | Mar 31, 2023 |
| Issue Close | Mar 27, 2023 | Apr 06, 2023 |
| Basis Of Allotment (Tentative) | Mar 31, 2023 | Apr 12, 2023 |
| Initiation of Refunds (Tentative) | Apr 03, 2023 | Apr 13, 2023 |
| Credit of Share (Tentative) | Apr 05, 2023 | Apr 17, 2023 |
| Listing date (Tentative) | Apr 06, 2023 | Apr 18, 2023 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Maiden Forgings IPO P/E ratio is 8.38, as compared to Sancode Technologies IPO P/E ratio of 10.71.
| Maiden Forgings IPO | Sancode Technologies IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Standalone)
| Company Financials (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100 | 97.47 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.37 | 71.24 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 8.38 | 10.71 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹89.54 Cr. | ₹19.12 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 6.87 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 16.97 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.66 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹4.10 | ₹2.42 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 6.87 | 21.93 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Maiden Forgings IPO Retail Individual Investors (RII) are offered 22,64,000 shares while in Sancode Technologies 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 Sancode Technologies IPO.
| Maiden Forgings IPO | Sancode Technologies IPO | |
|---|---|---|
| Anchor Investor Reservation | ||
| Market Maker Reservation | 1,90,000 shares | 57,000 shares |
| QIB | 3,60,000 shares | |
| NII | 9,70,000 shares | 5,19,000 shares |
| RII | 22,64,000 shares | 5,19,000 shares |
| Employee | ||
| Others | ||
| Total | 35,94,000 shares | 10,38,000 shares |
Maiden Forgings IPO subscribed 1.20x in total, whereas Sancode Technologies IPO subscribed 3.68x.
| Maiden Forgings IPO | Sancode Technologies IPO | |
|---|---|---|
| QIB (times) | 1.00x | |
| NII (times) | 1.42x | 3.98x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 1.12x | 3.39x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.20x | 3.68x |
