Comparison between Marinetrans IPO and Shanti Spintex IPO.
IPO Details
Marinetrans IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Shanti Spintex IPO is a SME Bookbuilding proposed to list at BSE SME.
Issue Size and Price
The total issue size of Marinetrans IPO is up to ₹10.36 Cr whereas the issue size of the Shanti Spintex IPO is up to ₹29.68 Cr. The final issue price of Marinetrans IPO is ₹26.00 per share and of Shanti Spintex IPO is ₹70.00 per share.
| | Marinetrans IPO | Shanti Spintex IPO |
|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | | ₹66.00 per share |
| Issue Price (Upper) | | ₹70.00 per share |
| Issue Price (Final) | ₹26.00 per share | ₹70.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | | |
| Market Lot Size | 4000 shares | 2000 shares |
| Fresh Issue Size | 39,84,000 shares | 24,64,000 shares |
| Fresh Issue Size (Amount) | up to ₹10.36 Cr | up to ₹17.25 Cr |
| OFS Issue Size | 0 shares | 17,76,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹12.43 Cr |
| Issue Size Total | 39,84,000 shares | 42,40,000 shares |
| Issue Size Total (Amount) | up to ₹10.36 Cr | up to ₹29.68 Cr |
IPO Timetable
Marinetrans IPO opens on Nov 30, 2023, while Shanti Spintex IPO opens on Dec 19, 2023. The closing date of Marinetrans IPO and Shanti Spintex IPO is Dec 05, 2023, and Dec 21, 2023, respectively.
| | Marinetrans IPO | Shanti Spintex IPO |
|---|
| Anchor Bid Date | | Dec 18, 2023 |
| Issue Open | Nov 30, 2023 | Dec 19, 2023 |
| Issue Close | Dec 05, 2023 | Dec 21, 2023 |
| Basis Of Allotment (Tentative) | Dec 06, 2023 | Dec 22, 2023 |
| Initiation of Refunds (Tentative) | Dec 07, 2023 | Dec 26, 2023 |
| Credit of Share (Tentative) | Dec 07, 2023 | Dec 26, 2023 |
| Listing date (Tentative) | Dec 08, 2023 | Dec 27, 2023 |
| Anchor Lockin End date 1 | | Jan 21, 2024 |
| Anchor Lockin End date 2 | | Mar 21, 2024 |
Financials & KPIs
Marinetrans IPO P/E ratio is 14.53, as compared to Shanti Spintex IPO P/E ratio of 9.82.
Shares Offered
In the Marinetrans IPO Retail Individual Investors (RII) are offered 19,92,000 shares while in Shanti Spintex IPO retail investors are offered 19,92,000 shares. Qualified Institutional Buyers (QIB) are offered in Marinetrans IPO and 8,48,000 shares in Shanti Spintex IPO.
| | Marinetrans IPO | Shanti Spintex IPO |
|---|
| Anchor Investor Reservation | | 12,72,000 shares |
| Market Maker Reservation | 2,16,000 shares | 2,24,000 shares |
| QIB | | 8,48,000 shares |
| NII | 19,92,000 shares | 6,36,000 shares |
| RII | 19,92,000 shares | 14,84,000 shares |
| Employee | | |
| Others | | |
| Total | 39,84,000 shares | 42,40,000 shares |
Bids Received (Subscription)
Marinetrans IPO subscribed 33.00x in total, whereas Shanti Spintex IPO subscribed 27.38x.
