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Marco Cables IPO vs Sunita Tools IPO

Comparison between Marco Cables IPO and Sunita Tools IPO.

IPO Details

Marco Cables IPO is a SME Fixed Price IPO proposed to list at NSE SME while Sunita Tools IPO is a SME Fixed Price proposed to list at BSE SME.

 Marco Cables IPOSunita Tools IPO
LogoMarco Cables IPO LogoSunita Tools IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersShreni Shares Ltd.Aryaman Financial Services Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerShreni Shares Ltd.SS Corporate Securities 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 Sunita Tools IPO is up to ₹20.91 Cr. The final issue price of Marco Cables IPO is ₹36.00 per share and of Sunita Tools IPO is ₹145.00 per share.

 Marco Cables IPOSunita Tools IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹36.00 per share₹145.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares1000 shares
Fresh Issue Size23,13,000 shares12,42,000 shares
Fresh Issue Size (Amount)up to ₹8.33 Crup to ₹18.01 Cr
OFS Issue Size26,01,000 shares2,00,000 shares
OFS Issue Size (Amount)up to ₹9.36 Crup to ₹2.90 Cr
Issue Size Total49,14,000 shares14,42,000 shares
Issue Size Total (Amount)up to ₹17.69 Crup to ₹20.91 Cr

IPO Timetable

Marco Cables IPO opens on Sep 21, 2023, while Sunita Tools IPO opens on Sep 26, 2023. The closing date of Marco Cables IPO and Sunita Tools IPO is Sep 25, 2023, and Oct 03, 2023, respectively.

 Marco Cables IPOSunita Tools IPO
Anchor Bid Date
Issue OpenSep 21, 2023Sep 26, 2023
Issue CloseSep 25, 2023Oct 03, 2023
Basis Of Allotment (Tentative)Sep 28, 2023Oct 04, 2023
Initiation of Refunds (Tentative)Sep 29, 2023Oct 05, 2023
Credit of Share (Tentative)Oct 03, 2023Oct 06, 2023
Listing date (Tentative)Sep 28, 2023Oct 11, 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 Sunita Tools IPO P/E ratio of 16.88.

 Marco Cables IPOSunita Tools 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
Sunita Tools IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets1,351.821,422.662,537.71
Total Income691.50888.881,417.33
Profit After Tax26.6680.99337.71
Net Worth-348.02-267.02320.69
Reserves and Surplus-528.52-447.52-109.81
Total Borrowing1,334.631,249.161,659.96
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.00100.00
Promoter Shareholding (Post-Issue)72.1872.97
P/E Ratio20.2216.88
Market Cap₹67.32 Cr.₹81.56 Cr.
ROE22.41%12.59
ROCE16.93%0.38
Debt/Equity2.415.17
EPS₹1.78₹13.96
RoNW17.98%105.31%

Shares Offered

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

 Marco Cables IPOSunita Tools IPO
Anchor Investor Reserveration
Market Maker Reserveration2,88,000 shares78,000 shares
QIB
NII24,57,000 shares7,21,000 shares
RII24,57,000 shares7,21,000 shares
Employee
Others
Total49,14,000 shares14,42,000 shares

Bids Received (Subscription)

Marco Cables IPO subscribed 30.90x in total, whereas Sunita Tools IPO subscribed 13.24x.

 Marco Cables IPOSunita Tools IPO
QIB (times)
NII (times)24.36x5.27x
Big NII (times)
Small NII (times)
RII (times)35.24x21.10x
Employee (times)
Other (times)
Total (times)30.90x13.24x