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Maitreya Medicare IPO vs Vrundavan Plantation IPO

Comparison between Maitreya Medicare IPO and Vrundavan Plantation IPO.

IPO Details

Maitreya Medicare IPO is a SME Fixed Price IPO proposed to list at NSE SME while Vrundavan Plantation IPO is a SME Fixed Price proposed to list at BSE SME.

 Maitreya Medicare IPOVrundavan Plantation IPO
LogoMaitreya Medicare IPO LogoVrundavan Plantation IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersGYR Capital Advisors Pvt.Ltd.Interactive Financial Services Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Kfin Technologies Ltd.
Market MakerGiriraj Stock Broking Pvt.Ltd.Nikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Maitreya Medicare IPO is up to ₹14.00 Cr whereas the issue size of the Vrundavan Plantation IPO is up to ₹14.52 Cr. The final issue price of Maitreya Medicare IPO is ₹82.00 per share and of Vrundavan Plantation IPO is ₹108.00 per share.

 Maitreya Medicare IPOVrundavan Plantation IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹78.00 per share
Issue Price (Upper)₹82.00 per share
Issue Price (Final)₹82.00 per share₹108.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares1200 shares
Fresh Issue Size17,07,200 shares13,44,000 shares
Fresh Issue Size (Amount)up to ₹14.00 Crup to ₹14.52 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total17,07,200 shares13,44,000 shares
Issue Size Total (Amount)up to ₹14.00 Crup to ₹14.52 Cr

IPO Timetable

Maitreya Medicare IPO opens on Oct 27, 2023, while Vrundavan Plantation IPO opens on Oct 30, 2023. The closing date of Maitreya Medicare IPO and Vrundavan Plantation IPO is Nov 01, 2023, and Nov 01, 2023, respectively.

 Maitreya Medicare IPOVrundavan Plantation IPO
Anchor Bid DateOct 26, 2023
Issue OpenOct 27, 2023Oct 30, 2023
Issue CloseNov 01, 2023Nov 01, 2023
Basis Of Allotment (Tentative)Nov 06, 2023Nov 05, 2023
Initiation of Refunds (Tentative)Nov 07, 2023Nov 06, 2023
Credit of Share (Tentative)Nov 07, 2023Nov 06, 2023
Listing date (Tentative)Nov 07, 2023Nov 06, 2023
Anchor Lockin End date 1Dec 06, 2023
Anchor Lockin End date 2Feb 04, 2024

Financials & KPIs

Maitreya Medicare IPO P/E ratio is 10.34, as compared to Vrundavan Plantation IPO P/E ratio of 34.62.

 Maitreya Medicare IPOVrundavan Plantation IPO
Financials

Maitreya Medicare Limited Financial Information (Restated Consolidated)

Maitreya Medicare Limited's revenue decreased by -19.69% and profit after tax (PAT) rose by 271.95% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets3,122.312,749.892,448.792,527.23
Total Income2,484.513,994.914,974.415,704.44
Profit After Tax254.05422.65113.63424.34
Net Worth1,118.31864.26471.11386.22
Reserves and Surplus
Total Borrowing520.21585.12750.25919.05
Amount in ₹ Lakhs

Vrundavan Plantation Limited Financial Information (Restated)

Period Ended31 May 2023
Assets2,321.67
Total Income180.68
Profit After Tax17.33
Net Worth413.82
Reserves and Surplus22.15
Total Borrowing17.47
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)10085.29
Promoter Shareholding (Post-Issue)73.2062.65
P/E Ratio10.3434.62
Market Cap₹55.56 Cr.₹57.59 Cr.
ROE50.15%8.35%
ROCE42.71%6.71%
Debt/Equity0.47
EPS₹7.93₹0.52
RoNW45.49%4.19%

Shares Offered

In the Maitreya Medicare IPO Retail Individual Investors (RII) are offered 6,11,200 shares while in Vrundavan Plantation IPO retail investors are offered 6,11,200 shares. Qualified Institutional Buyers (QIB) are offered 3,29,600 shares in Maitreya Medicare IPO and in Vrundavan Plantation IPO.

 Maitreya Medicare IPOVrundavan Plantation IPO
Anchor Investor Reserveration4,94,400 shares
Market Maker Reserveration1,08,800 shares72,000 shares
QIB3,29,600 shares
NII2,72,000 shares6,72,000 shares
RII6,11,200 shares6,72,000 shares
Employee
Others
Total17,07,200 shares13,44,000 shares

Bids Received (Subscription)

Maitreya Medicare IPO subscribed 446.79x in total, whereas Vrundavan Plantation IPO subscribed 18.57x.

 Maitreya Medicare IPOVrundavan Plantation IPO
QIB (times)85.41x
NII (times)744.03x11.60x
Big NII (times)
Small NII (times)
RII (times)509.40x25.51x
Employee (times)
Other (times)
Total (times)446.79x18.57x