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Marinetrans IPO vs Shanti Spintex IPO

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.

 Marinetrans IPOShanti Spintex IPO
LogoMarinetrans IPO LogoShanti Spintex IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMEBSE SME
Lead ManagersSwaraj shares & securities Pvt.Ltd.Hem Securities Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerNNM Securities Pvt.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 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 IPOShanti 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 Size4000 shares2000 shares
Fresh Issue Size39,84,000 shares24,64,000 shares
Fresh Issue Size (Amount)up to ₹10.36 Crup to ₹17.25 Cr
OFS Issue Size0 shares17,76,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹12.43 Cr
Issue Size Total39,84,000 shares42,40,000 shares
Issue Size Total (Amount)up to ₹10.36 Crup 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 IPOShanti Spintex IPO
Anchor Bid DateDec 18, 2023
Issue OpenNov 30, 2023Dec 19, 2023
Issue CloseDec 05, 2023Dec 21, 2023
Basis Of Allotment (Tentative)Dec 06, 2023Dec 22, 2023
Initiation of Refunds (Tentative)Dec 07, 2023Dec 26, 2023
Credit of Share (Tentative)Dec 07, 2023Dec 26, 2023
Listing date (Tentative)Dec 08, 2023Dec 27, 2023
Anchor Lockin End date 1Jan 21, 2024
Anchor Lockin End date 2Mar 21, 2024

Financials & KPIs

Marinetrans IPO P/E ratio is 14.53, as compared to Shanti Spintex IPO P/E ratio of 9.82.

 Marinetrans IPOShanti Spintex IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 May 202331 Mar 202331 Mar 202231 Mar 2021
Assets26.1526.1923.0622.04
Total Income13.84150.37203.2796.13
Profit After Tax0.141.531.860.80
NET Worth16.1816.0414.5112.56
Total Borrowing6.045.582.532.12
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets174.57175.88136.31119.27
Total Income162.38370.71255.27112.94
Profit After Tax5.2410.134.873.38
NET Worth61.2256.0446.2341.36
Reserves and Surplus47.0248.9439.1334.26
Total Borrowing34.7441.7848.6942.79
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.0087.49
Promoter Shareholding (Post-Issue)73.57
P/E Ratio14.539.82
Market Cap₹33.09 Cr.₹118.22 Cr.
ROE10.00%19.81%
ROCE11.29%10.12%
Debt/Equity0.350.75
EPS₹1.79₹7.13
RoNW9.53%18.07%

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 IPOShanti Spintex IPO
Anchor Investor Reservation12,72,000 shares
Market Maker Reservation2,16,000 shares2,24,000 shares
QIB8,48,000 shares
NII19,92,000 shares6,36,000 shares
RII19,92,000 shares14,84,000 shares
Employee
Others
Total39,84,000 shares42,40,000 shares

Bids Received (Subscription)

Marinetrans IPO subscribed 33.00x in total, whereas Shanti Spintex IPO subscribed 27.38x.

 Marinetrans IPOShanti Spintex IPO
QIB (times)14.34x
NII (times)18.05x57.28x
Big NII (times)
Small NII (times)
RII (times)47.24x22.01x
Employee (times)
Other (times)
Total (times)33.00x27.38x

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Marinetrans IPO Vs Shanti Spintex IPO