Hi-Green Carbon IPO vs Master Components IPO

Comparison between Hi-Green Carbon IPO and Master Components IPO.

IPO Details

Hi-Green Carbon IPO is a SME Fixed Price IPO proposed to list at NSE SME while Master Components IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of Hi-Green Carbon IPO is up to ₹49.64 Cr whereas the issue size of the Master Components IPO is up to ₹14.64 Cr. The final issue price of Hi-Green Carbon IPO is ₹75.00 per share and of Master Components IPO is ₹140.00 per share.

 Hi-Green Carbon IPOMaster Components IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹71.00 per share
Issue Price (Upper)₹75.00 per share
Issue Price (Final)₹75.00 per share₹140.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares1000 shares
Fresh Issue Size55,69,200 shares6,44,000 shares
Fresh Issue Size (Amount)up to ₹41.77 Crup to ₹9.02 Cr
OFS Issue Size10,50,000 shares4,02,000 shares
OFS Issue Size (Amount)up to ₹7.88 Crup to ₹5.63 Cr
Issue Size Total66,19,200 shares10,46,000 shares
Issue Size Total (Amount)up to ₹49.64 Crup to ₹14.64 Cr

IPO Timetable

Hi-Green Carbon IPO opens on Sep 21, 2023, while Master Components IPO opens on Sep 18, 2023. The closing date of Hi-Green Carbon IPO and Master Components IPO is Sep 25, 2023, and Sep 21, 2023, respectively.

 Hi-Green Carbon IPOMaster Components IPO
Anchor Bid DateSep 20, 2023
Issue OpenSep 21, 2023Sep 18, 2023
Issue CloseSep 25, 2023Sep 21, 2023
Basis Of Allotment (Tentative)Sep 28, 2023Sep 26, 2023
Initiation of Refunds (Tentative)Sep 29, 2023Sep 27, 2023
Credit of Share (Tentative)Oct 03, 2023Sep 28, 2023
Listing date (Tentative)Sep 28, 2023Sep 29, 2023
Anchor Lockin End date 1Oct 28, 2023
Anchor Lockin End date 2Dec 27, 2023

Financials & KPIs

Hi-Green Carbon IPO P/E ratio is 13.13, as compared to Master Components IPO P/E ratio of 27.09.

 Hi-Green Carbon IPOMaster Components IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets43.8834.2433.11
Total Income79.0451.1424.29
Profit After Tax10.853.680.10
NET Worth22.5911.748.06
Reserves and Surplus3.59-7.26-10.94
Total Borrowing13.6215.8717.83
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets16.5914.8514.1914.61
Total Income20.9018.4313.2815.36
Profit After Tax1.710.940.761.32
NET Worth11.659.959.018.25
Reserves and Surplus8.359.658.717.95
Total Borrowing0.941.732.163.77
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.00100.00
Promoter Shareholding (Post-Issue)71.8372.41
P/E Ratio13.1327.09
Market Cap₹187.43 Cr.₹56.00 Cr.
ROE63.1959.68
ROCE64.7059.24
Debt/Equity0.600.08
EPS₹5.71₹5.17
RoNW48.0214.63

Shares Offered

In the Hi-Green Carbon IPO Retail Individual Investors (RII) are offered 23,16,800 shares while in Master Components IPO retail investors are offered 23,16,800 shares. Qualified Institutional Buyers (QIB) are offered 13,23,200 shares in Hi-Green Carbon IPO and in Master Components IPO.

 Hi-Green Carbon IPOMaster Components IPO
Anchor Investor Reservation19,84,000 shares
Market Maker Reservation4,20,800 shares56,000 shares
QIB13,23,200 shares
NII9,95,200 shares5,23,000 shares
RII23,16,800 shares5,23,000 shares
Employee
Others
Total66,19,200 shares10,46,000 shares

Bids Received (Subscription)

Hi-Green Carbon IPO subscribed 168.92x in total, whereas Master Components IPO subscribed 8.20x.

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Hi-Green Carbon IPO Vs Master Components IPO