AMIC Forging IPO vs Marinetrans IPO

Comparison between AMIC Forging IPO and Marinetrans IPO.

IPO Details

AMIC Forging IPO is a SME Fixed Price IPO proposed to list at BSE SME while Marinetrans IPO is a SME Fixed Price proposed to list at NSE SME.

	AMIC Forging IPO	Marinetrans IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Fixed Price
Listing At	BSE SME	NSE SME
Lead Managers	Gretex Corporate Services Ltd.	Swaraj shares & securities Pvt.Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Skyline Financial Services Pvt.Ltd.
Market Maker	Gretex Share Broking Pvt.Ltd.	NNM Securities Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of AMIC Forging IPO is up to ₹33.05 Cr whereas the issue size of the Marinetrans IPO is up to ₹10.36 Cr. The final issue price of AMIC Forging IPO is ₹126.00 per share and of Marinetrans IPO is ₹26.00 per share.

	AMIC Forging IPO	Marinetrans IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹121.00 per share
Issue Price (Upper)	₹126.00 per share
Issue Price (Final)	₹126.00 per share	₹26.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1000 shares	4000 shares
Fresh Issue Size	26,23,000 shares	39,84,000 shares
Fresh Issue Size (Amount)	up to ₹33.05 Cr	up to ₹10.36 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	26,23,000 shares	39,84,000 shares
Issue Size Total (Amount)	up to ₹33.05 Cr	up to ₹10.36 Cr

IPO Timetable

AMIC Forging IPO opens on Nov 29, 2023, while Marinetrans IPO opens on Nov 30, 2023. The closing date of AMIC Forging IPO and Marinetrans IPO is Dec 01, 2023, and Dec 05, 2023, respectively.

	AMIC Forging IPO	Marinetrans IPO
Anchor Bid Date	Nov 28, 2023
Issue Open	Nov 29, 2023	Nov 30, 2023
Issue Close	Dec 01, 2023	Dec 05, 2023
Basis Of Allotment (Tentative)	Dec 04, 2023	Dec 06, 2023
Initiation of Refunds (Tentative)	Dec 05, 2023	Dec 07, 2023
Credit of Share (Tentative)	Dec 05, 2023	Dec 07, 2023
Listing date (Tentative)	Dec 06, 2023	Dec 08, 2023
Anchor Lockin End date 1	Jan 03, 2024
Anchor Lockin End date 2	Mar 03, 2024

Financials & KPIs

AMIC Forging IPO P/E ratio is 1.01, as compared to Marinetrans IPO P/E ratio of 14.53.

AMIC Forging IPO

Marinetrans IPO

Financials

AMIC Forging Limited Financial Information (Restated Consolidated)

AMIC Forging Limited's revenue increased by 63.65% and profit after tax (PAT) rose by 1031.78% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	6,367.84	6,107.99	3,163.87	1,622.07
Total Income	2,979.32	11,683.01	7,138.82	2,643.37
Profit After Tax	359.94	980.01	86.59	56.27
Net Worth	2,338.43	1,983.75	767.28	680.69
Reserves and Surplus	2,252.58	1,897.90	696.21	609.62
Total Borrowing	287.37	385.17	1,071.32	436.50
Amount in ₹ Lakhs

Marinetrans India Limited Financial Information (Restated Consolidated)

Marinetrans India Limited's revenue decreased by -26.03% and profit after tax (PAT) dropped by -17.94% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 May 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,615.36	2,618.58	2,305.89	2,204.06
Total Income	1,384.38	15,036.84	20,327.23	9,613.13
Profit After Tax	13.91	152.83	186.24	79.78
Net Worth	1,617.96	1,604.04	1,451.22	1,255.94
Reserves and Surplus
Total Borrowing	603.68	557.98	252.75	212.38
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

78.38

100.00

Promoter Shareholding (Post-Issue)

57.74

P/E Ratio

1.01

14.53

Market Cap

₹132.15 Cr.

₹33.09 Cr.

ROE

71.25%

10.00%

ROCE

55.78%

11.29%

Debt/Equity

0.26

0.35

EPS

₹12.83

₹1.79

RoNW

49.40%

9.53%

Shares Offered

In the AMIC Forging IPO Retail Individual Investors (RII) are offered 9,19,000 shares while in Marinetrans IPO retail investors are offered 9,19,000 shares. Qualified Institutional Buyers (QIB) are offered 5,24,000 shares in AMIC Forging IPO and in Marinetrans IPO.

	AMIC Forging IPO	Marinetrans IPO
Anchor Investor Reserveration	7,86,000 shares
Market Maker Reserveration	1,39,000 shares	2,16,000 shares
QIB	5,24,000 shares
NII	3,94,000 shares	19,92,000 shares
RII	9,19,000 shares	19,92,000 shares
Employee
Others
Total	26,23,000 shares	39,84,000 shares

Bids Received (Subscription)

AMIC Forging IPO subscribed 289.05x in total, whereas Marinetrans IPO subscribed 33.00x.

	AMIC Forging IPO	Marinetrans IPO
QIB (times)	91.43x
NII (times)	589.27x	18.05x
Big NII (times)
Small NII (times)
RII (times)	273.01x	47.24x
Employee (times)
Other (times)
Total (times)	289.05x	33.00x

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