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Marco Cables IPO vs Saakshi Medtech IPO

Comparison between Marco Cables IPO and Saakshi Medtech IPO.

IPO Details

Marco Cables IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Saakshi Medtech IPO is a SME Bookbuilding proposed to list at NSE SME.

 Marco Cables IPOSaakshi Medtech IPO
LogoMarco Cables IPO LogoSaakshi Medtech IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersShreni Shares Ltd.Hem Securities Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerShreni Shares Ltd.Hem Finlease Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor 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 Saakshi Medtech IPO is up to ₹42.88 Cr. The final issue price of Marco Cables IPO is ₹36.00 per share and of Saakshi Medtech IPO is ₹97.00 per share.

 Marco Cables IPOSaakshi Medtech IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹92.00 per share
Issue Price (Upper)₹97.00 per share
Issue Price (Final)₹36.00 per share₹97.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares1200 shares
Fresh Issue Size23,13,000 shares44,20,800 shares
Fresh Issue Size (Amount)up to ₹8.33 Crup to ₹42.88 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 shares44,20,800 shares
Issue Size Total (Amount)up to ₹17.69 Crup to ₹42.88 Cr

IPO Timetable

Marco Cables IPO opens on Sep 21, 2023, while Saakshi Medtech IPO opens on Sep 25, 2023. The closing date of Marco Cables IPO and Saakshi Medtech IPO is Sep 25, 2023, and Sep 27, 2023, respectively.

 Marco Cables IPOSaakshi Medtech IPO
Anchor Bid DateSep 22, 2023
Issue OpenSep 21, 2023Sep 25, 2023
Issue CloseSep 25, 2023Sep 27, 2023
Basis Of Allotment (Tentative)Sep 28, 2023Oct 03, 2023
Initiation of Refunds (Tentative)Sep 29, 2023Oct 04, 2023
Credit of Share (Tentative)Oct 03, 2023Oct 05, 2023
Listing date (Tentative)Sep 28, 2023Oct 03, 2023
Anchor Lockin End date 1Nov 02, 2023
Anchor Lockin End date 2Jan 01, 2024

Financials & KPIs

Marco Cables IPO P/E ratio is 20.22, as compared to Saakshi Medtech IPO P/E ratio of 10.18.

 Marco Cables IPOSaakshi Medtech IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets69.9359.5556.59
Total Income56.9456.6542.83
Profit After Tax2.810.330.12
NET Worth15.619.459.11
Reserves and Surplus12.396.556.22
Total Borrowing37.5836.6535.22
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets93.2465.2255.92
Total Income122.2091.6960.22
Profit After Tax12.389.382.20
NET Worth42.2429.8620.48
Reserves and Surplus39.6427.2617.88
Total Borrowing20.0716.3621.99
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.00100.00
Promoter Shareholding (Post-Issue)72.1873.63
P/E Ratio20.2210.18
Market Cap₹67.32 Cr.₹171.26 Cr.
ROE22.41%34.35%
ROCE16.93%28.57%
Debt/Equity2.410.48
EPS₹1.78₹9.53
RoNW17.98%29.32%

Shares Offered

In the Marco Cables IPO Retail Individual Investors (RII) are offered 24,57,000 shares while in Saakshi Medtech IPO retail investors are offered 24,57,000 shares. Qualified Institutional Buyers (QIB) are offered in Marco Cables IPO and 8,84,400 shares in Saakshi Medtech IPO.

 Marco Cables IPOSaakshi Medtech IPO
Anchor Investor Reservation13,24,800 shares
Market Maker Reservation2,88,000 shares2,35,200 shares
QIB8,84,400 shares
NII24,57,000 shares6,63,600 shares
RII24,57,000 shares15,48,000 shares
Employee
Others
Total49,14,000 shares44,20,800 shares

Bids Received (Subscription)

Marco Cables IPO subscribed 30.90x in total, whereas Saakshi Medtech IPO subscribed 91.65x.

 Marco Cables IPOSaakshi Medtech IPO
QIB (times)37.35x
NII (times)24.36x200.78x
Big NII (times)
Small NII (times)
RII (times)35.24x75.88x
Employee (times)
Other (times)
Total (times)30.90x91.65x

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Compare:

Marco Cables IPO Vs Saakshi Medtech IPO