Marinetrans IPO vs Siyaram Recycling Industries IPO

Comparison between Marinetrans IPO and Siyaram Recycling Industries IPO.

IPO Details

Marinetrans IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Siyaram Recycling Industries IPO is a SME Bookbuilding proposed to list at BSE SME.

	Marinetrans IPO	Siyaram Recycling Industries IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Bookbuilding
Listing At	NSE SME	BSE SME
Lead Managers	Swaraj shares & securities Pvt.Ltd.	Hem Securities Ltd.
Registrar	Skyline Financial Services Pvt.Ltd.	Cameo Corporate Services Ltd.
Market Maker	NNM Securities Pvt.Ltd.	Hem Finlease 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 Marinetrans IPO is up to ₹10.36 Cr whereas the issue size of the Siyaram Recycling Industries IPO is up to ₹21.80 Cr. The final issue price of Marinetrans IPO is ₹26.00 per share and of Siyaram Recycling Industries IPO is ₹46.00 per share.

	Marinetrans IPO	Siyaram Recycling Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹43.00 per share
Issue Price (Upper)		₹46.00 per share
Issue Price (Final)	₹26.00 per share	₹46.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	4000 shares	3000 shares
Fresh Issue Size	39,84,000 shares	47,40,000 shares
Fresh Issue Size (Amount)	up to ₹10.36 Cr	up to ₹21.80 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	39,84,000 shares	47,40,000 shares
Issue Size Total (Amount)	up to ₹10.36 Cr	up to ₹21.80 Cr

IPO Timetable

Marinetrans IPO opens on Nov 30, 2023, while Siyaram Recycling Industries IPO opens on Dec 14, 2023. The closing date of Marinetrans IPO and Siyaram Recycling Industries IPO is Dec 05, 2023, and Dec 18, 2023, respectively.

	Marinetrans IPO	Siyaram Recycling Industries IPO
Anchor Bid Date		Dec 13, 2023
Issue Open	Nov 30, 2023	Dec 14, 2023
Issue Close	Dec 05, 2023	Dec 18, 2023
Basis Of Allotment (Tentative)	Dec 06, 2023	Dec 19, 2023
Initiation of Refunds (Tentative)	Dec 07, 2023	Dec 20, 2023
Credit of Share (Tentative)	Dec 07, 2023	Dec 20, 2023
Listing date (Tentative)	Dec 08, 2023	Dec 21, 2023
Anchor Lockin End date 1		Jan 18, 2024
Anchor Lockin End date 2		Mar 18, 2024

Financials & KPIs

Marinetrans IPO P/E ratio is 14.53, as compared to Siyaram Recycling Industries IPO P/E ratio of 8.3.

Marinetrans IPO

Siyaram Recycling Industries IPO

Financials

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

Siyaram Recycling Industries Limited Financial Information (Restated)

Siyaram Recycling Industries Limited's revenue increased by 16.75% and profit after tax (PAT) rose by 137.36% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	15,136.31	9,851.35	9,823.59
Total Income	49,786.27	42,644.34	13,972.93
Profit After Tax	765.42	322.47	142.28
Net Worth	4,642.12	3,876.71	3,554.23
Reserves and Surplus	3,261.57	2,496.16	2,173.68
Total Borrowing	6,706.95	2,821.02	2,931.72
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

100

Promoter Shareholding (Post-Issue)

P/E Ratio

14.53

8.3

Market Cap

₹33.09 Cr.

₹86.47 Cr.

ROE

10.00%

17.97%

ROCE

11.29%

13.42%

Debt/Equity

0.35

1.44

EPS

₹1.79

₹5.54

RoNW

9.53%

16.49%

Shares Offered

In the Marinetrans IPO Retail Individual Investors (RII) are offered 19,92,000 shares while in Siyaram Recycling Industries IPO retail investors are offered 19,92,000 shares. Qualified Institutional Buyers (QIB) are offered in Marinetrans IPO and 9,48,000 shares in Siyaram Recycling Industries IPO.

	Marinetrans IPO	Siyaram Recycling Industries IPO
Anchor Investor Reserveration		14,22,000 shares
Market Maker Reserveration	2,16,000 shares	2,52,000 shares
QIB		9,48,000 shares
NII	19,92,000 shares	7,11,000 shares
RII	19,92,000 shares	16,59,000 shares
Employee
Others
Total	39,84,000 shares	47,40,000 shares

Bids Received (Subscription)

Marinetrans IPO subscribed 33.00x in total, whereas Siyaram Recycling Industries IPO subscribed 385.19x.

	Marinetrans IPO	Siyaram Recycling Industries IPO
QIB (times)		96.43x
NII (times)	18.05x	597.72x
Big NII (times)
Small NII (times)
RII (times)	47.24x	459.11x
Employee (times)
Other (times)
Total (times)	33.00x	385.19x

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