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.
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 IPO | Saakshi 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 |
| Market Lot Size | 3000 shares | 1200 shares |
| Fresh Issue Size | 23,13,000 shares | 44,20,800 shares |
| Fresh Issue Size (Amount) | up to ₹8.33 Cr | up to ₹42.88 Cr |
| OFS Issue Size | 26,01,000 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹9.36 Cr | up to ₹0.00 Cr |
| Issue Size Total | 49,14,000 shares | 44,20,800 shares |
| Issue Size Total (Amount) | up to ₹17.69 Cr | up 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 IPO | Saakshi Medtech IPO |
|---|
| Anchor Bid Date | | Sep 22, 2023 |
| Issue Open | Sep 21, 2023 | Sep 25, 2023 |
| Issue Close | Sep 25, 2023 | Sep 27, 2023 |
| Basis Of Allotment (Tentative) | Sep 28, 2023 | Oct 03, 2023 |
| Initiation of Refunds (Tentative) | Sep 29, 2023 | Oct 04, 2023 |
| Credit of Share (Tentative) | Oct 03, 2023 | Oct 05, 2023 |
| Listing date (Tentative) | Sep 28, 2023 | Oct 03, 2023 |
| Anchor Lockin End date 1 | | Nov 02, 2023 |
| Anchor Lockin End date 2 | | Jan 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.
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 0 shares in Marco Cables IPO and 8,84,400 shares in Saakshi Medtech IPO.
| | Marco Cables IPO | Saakshi Medtech IPO |
|---|
| Anchor Investor Reservation | 0 shares | 13,24,800 shares |
| Market Maker Reservation | 2,88,000 shares | 2,35,200 shares |
| QIB | 0 shares | 8,84,400 shares |
| NII | 24,57,000 shares | 6,63,600 shares |
| RII | 24,57,000 shares | 15,48,000 shares |
| Employee | 0 shares | |
| Total | 49,14,000 shares | 44,20,800 shares |
Bids Received (Subscription)
Marco Cables IPO subscribed 29.80x in total, whereas Saakshi Medtech IPO subscribed 64.18x.
