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Master Components IPO vs Organic Recycling Systems IPO

Comparison between Master Components IPO and Organic Recycling Systems IPO.

IPO Details

Master Components IPO is a SME Fixed Price IPO proposed to list at NSE SME while Organic Recycling Systems IPO is a SME Fixed Price proposed to list at BSE SME.

 Master Components IPOOrganic Recycling Systems IPO
LogoMaster Components IPO LogoOrganic Recycling Systems IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersAryaman Financial Services Ltd.Arihant Capital Markets Ltd.
RegistrarBigshare Services Pvt.Ltd.Maashitla Securities Pvt.Ltd.
Market MakerAryaman Capital Markets Ltd.Arihant Capital Markets Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Master Components IPO is up to ₹14.64 Cr whereas the issue size of the Organic Recycling Systems IPO is up to ₹47.40 Cr. The final issue price of Master Components IPO is ₹140.00 per share and of Organic Recycling Systems IPO is ₹200.00 per share.

 Master Components IPOOrganic Recycling Systems IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹140.00 per share₹200.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares600 shares
Fresh Issue Size6,44,000 shares23,70,000 shares
Fresh Issue Size (Amount)up to ₹9.02 Crup to ₹47.40 Cr
OFS Issue Size4,02,000 shares0 shares
OFS Issue Size (Amount)up to ₹5.63 Crup to ₹0.00 Cr
Issue Size Total10,46,000 shares23,70,000 shares
Issue Size Total (Amount)up to ₹14.64 Crup to ₹47.40 Cr

IPO Timetable

Master Components IPO opens on Sep 18, 2023, while Organic Recycling Systems IPO opens on Sep 21, 2023. The closing date of Master Components IPO and Organic Recycling Systems IPO is Sep 21, 2023, and Sep 26, 2023, respectively.

 Master Components IPOOrganic Recycling Systems IPO
Anchor Bid Date
Issue OpenSep 18, 2023Sep 21, 2023
Issue CloseSep 21, 2023Sep 26, 2023
Basis Of Allotment (Tentative)Sep 26, 2023Sep 29, 2023
Initiation of Refunds (Tentative)Sep 27, 2023Oct 03, 2023
Credit of Share (Tentative)Sep 28, 2023Oct 04, 2023
Listing date (Tentative)Sep 29, 2023Oct 06, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Master Components IPO P/E ratio is 27.09, as compared to Organic Recycling Systems IPO P/E ratio of 25.54.

 Master Components IPOOrganic Recycling Systems IPO
Financials
Master Components IPO Financial Information (Restated)
Period Ended31 Mar 202031 Mar 202131 Mar 202231 Mar 2023
Assets1,460.931,419.091,485.241,659.17
Total Income1,535.681,327.721,842.502,090.03
Profit After Tax132.2276.1493.73170.54
Net Worth824.90901.04994.771,165.31
Reserves and Surplus794.90871.04964.77835.31
Total Borrowing376.54216.29173.3393.96
Amount in ₹ Lakhs
Organic Recycling Systems IPO Financial Information (Restated Consolidated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets10,272.6910,669.3511,931.10
Total Income1,578.181,756.672,534.10
Profit After Tax-449.37-535.03365.38
Net Worth1,343.88808.862,550.07
Reserves and Surplus1,298.11763.082,014.40
Total Borrowing5,449.895,418.386,981.41
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.0030.14
Promoter Shareholding (Post-Issue)72.4120.35
P/E Ratio27.0925.54
Market Cap₹56.00 Cr.₹153.99 Cr.
ROE59.68%21.76%
ROCE59.24%13.06%
Debt/Equity0.082.70
EPS₹5.17₹7.83
RoNW14.63%14.33%

Shares Offered

In the Master Components IPO Retail Individual Investors (RII) are offered 5,23,000 shares while in Organic Recycling Systems IPO retail investors are offered 5,23,000 shares. Qualified Institutional Buyers (QIB) are offered in Master Components IPO and in Organic Recycling Systems IPO.

 Master Components IPOOrganic Recycling Systems IPO
Anchor Investor Reserveration
Market Maker Reserveration56,000 shares1,30,200 shares
QIB
NII5,23,000 shares11,85,000 shares
RII5,23,000 shares11,85,000 shares
Employee
Others
Total10,46,000 shares23,70,000 shares

Bids Received (Subscription)

Master Components IPO subscribed 8.20x in total, whereas Organic Recycling Systems IPO subscribed 3.24x.

 Master Components IPOOrganic Recycling Systems IPO
QIB (times)
NII (times)5.89x4.28x
Big NII (times)
Small NII (times)
RII (times)10.11x2.21x
Employee (times)
Other (times)
Total (times)8.20x3.24x