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Marco Cables IPO vs Organic Recycling Systems IPO

Comparison between Marco Cables IPO and Organic Recycling Systems IPO.

IPO Details

Marco Cables IPO is a SME Fixed Price IPO proposed to list at NSE SME while Organic Recycling Systems IPO is a SME Fixed Price proposed to list at BSE SME.

 Marco Cables IPOOrganic Recycling Systems IPO
LogoMarco Cables IPO LogoOrganic Recycling Systems IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersShreni Shares Ltd.Arihant Capital Markets Ltd.
RegistrarBigshare Services Pvt.Ltd.Maashitla Securities Pvt.Ltd.
Market MakerShreni Shares Ltd.Arihant Capital Markets Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Marco Cables IPO is up to ₹17.69 Cr whereas the issue size of the Organic Recycling Systems IPO is up to ₹47.40 Cr. The final issue price of Marco Cables IPO is ₹36.00 per share and of Organic Recycling Systems IPO is ₹200.00 per share.

 Marco Cables IPOOrganic Recycling Systems IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹36.00 per share₹200.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares600 shares
Fresh Issue Size23,13,000 shares23,70,000 shares
Fresh Issue Size (Amount)up to ₹8.33 Crup to ₹47.40 Cr
OFS Issue Size26,01,000 shares0 shares
OFS Issue Size (Amount)up to ₹9.36 Crup to ₹0.00 Cr
Issue Size Total49,14,000 shares23,70,000 shares
Issue Size Total (Amount)up to ₹17.69 Crup to ₹47.40 Cr

IPO Timetable

Marco Cables IPO opens on Sep 21, 2023, while Organic Recycling Systems IPO opens on Sep 21, 2023. The closing date of Marco Cables IPO and Organic Recycling Systems IPO is Sep 25, 2023, and Sep 26, 2023, respectively.

 Marco Cables IPOOrganic Recycling Systems IPO
Anchor Bid Date
Issue OpenSep 21, 2023Sep 21, 2023
Issue CloseSep 25, 2023Sep 26, 2023
Basis Of Allotment (Tentative)Sep 28, 2023Sep 29, 2023
Initiation of Refunds (Tentative)Sep 29, 2023Oct 03, 2023
Credit of Share (Tentative)Oct 03, 2023Oct 04, 2023
Listing date (Tentative)Sep 28, 2023Oct 06, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Marco Cables IPO P/E ratio is 20.22, as compared to Organic Recycling Systems IPO P/E ratio of 25.54.

 Marco Cables IPOOrganic Recycling Systems IPO
Financials
Marco Cables & Conductors IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets5,658.845,954.626,993.44
Total Income4,282.915,665.315,693.72
Profit After Tax12.2533.49280.71
Net Worth911.25944.751,560.86
Reserves and Surplus621.84655.341,238.90
Total Borrowing3,522.223,665.193,757.73
Amount in ₹ Lakhs
Organic Recycling Systems IPO Financial Information (Restated Consolidated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets10,272.6910,669.3511,931.10
Total Income1,578.181,756.672,534.10
Profit After Tax-449.37-535.03365.38
Net Worth1,343.88808.862,550.07
Reserves and Surplus1,298.11763.082,014.40
Total Borrowing5,449.895,418.386,981.41
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.0030.14
Promoter Shareholding (Post-Issue)72.1820.35
P/E Ratio20.2225.54
Market Cap₹67.32 Cr.₹153.99 Cr.
ROE22.41%21.76%
ROCE16.93%13.06%
Debt/Equity2.412.70
EPS₹1.78₹7.83
RoNW17.98%14.33%

Shares Offered

In the Marco Cables IPO Retail Individual Investors (RII) are offered 24,57,000 shares while in Organic Recycling Systems IPO retail investors are offered 24,57,000 shares. Qualified Institutional Buyers (QIB) are offered in Marco Cables IPO and in Organic Recycling Systems IPO.

 Marco Cables IPOOrganic Recycling Systems IPO
Anchor Investor Reserveration
Market Maker Reserveration2,88,000 shares1,30,200 shares
QIB
NII24,57,000 shares11,85,000 shares
RII24,57,000 shares11,85,000 shares
Employee
Others
Total49,14,000 shares23,70,000 shares

Bids Received (Subscription)

Marco Cables IPO subscribed 30.90x in total, whereas Organic Recycling Systems IPO subscribed 3.24x.

 Marco Cables IPOOrganic Recycling Systems IPO
QIB (times)
NII (times)24.36x4.28x
Big NII (times)
Small NII (times)
RII (times)35.24x2.21x
Employee (times)
Other (times)
Total (times)30.90x3.24x