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Maxposure IPO vs Shree Marutinandan Tubes IPO

Comparison between Maxposure IPO and Shree Marutinandan Tubes IPO.

IPO Details

Maxposure IPO is a SME Fixed Price IPO proposed to list at NSE SME while Shree Marutinandan Tubes IPO is a SME Fixed Price proposed to list at BSE SME.

 Maxposure IPOShree Marutinandan Tubes IPO
LogoMaxposure IPO LogoShree Marutinandan Tubes IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersGYR Capital Advisors Pvt.Ltd.Swastika Investmart Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerGiriraj Stock Broking Pvt.Ltd.Swastika Investmart Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Maxposure IPO is up to ₹19.03 Cr whereas the issue size of the Shree Marutinandan Tubes IPO is up to ₹13.59 Cr. The final issue price of Maxposure IPO is ₹33.00 per share and of Shree Marutinandan Tubes IPO is ₹143.00 per share.

 Maxposure IPOShree Marutinandan Tubes IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹31.00 per share
Issue Price (Upper)₹33.00 per share
Issue Price (Final)₹33.00 per share₹143.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size4000 shares1000 shares
Fresh Issue Size57,68,000 shares9,50,000 shares
Fresh Issue Size (Amount)up to ₹19.03 Crup to ₹13.59 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total57,68,000 shares9,50,000 shares
Issue Size Total (Amount)up to ₹19.03 Crup to ₹13.59 Cr

IPO Timetable

Maxposure IPO opens on Jan 15, 2024, while Shree Marutinandan Tubes IPO opens on Jan 12, 2024. The closing date of Maxposure IPO and Shree Marutinandan Tubes IPO is Jan 17, 2024, and Jan 16, 2024, respectively.

 Maxposure IPOShree Marutinandan Tubes IPO
Anchor Bid DateJan 12, 2024
Issue OpenJan 15, 2024Jan 12, 2024
Issue CloseJan 17, 2024Jan 16, 2024
Basis Of Allotment (Tentative)Jan 18, 2024Jan 17, 2024
Initiation of Refunds (Tentative)Jan 19, 2024Jan 18, 2024
Credit of Share (Tentative)Jan 19, 2024Jan 18, 2024
Listing date (Tentative)Jan 23, 2024Jan 19, 2024
Anchor Lockin End date 1Feb 17, 2024
Anchor Lockin End date 2Apr 17, 2024

Financials & KPIs

Maxposure IPO P/E ratio is 12.42, as compared to Shree Marutinandan Tubes IPO P/E ratio of 17.44.

 Maxposure IPOShree Marutinandan Tubes IPO
Financials

Maxposure Limited Financial Information (Restated)

Maxposure Limited's revenue increased by 1.03% and profit after tax (PAT) rose by 1162.04% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,355.214,878.514,485.184,009.97
Total Income2,059.053,355.553,321.312,247.27
Profit After Tax370.83441.2134.9636.22
Net Worth3,478.213,114.342,666.172,631.21
Reserves and Surplus3,146.192,775.362,334.152,299.19
Total Borrowing462.31333.76293.65418.52
Amount in ₹ Lakhs

Shree Marutinandan Tubes Limited Financial Information (Restated)

Shree Marutinandan Tubes Limited's revenue increased by 0.09% and profit after tax (PAT) rose by 3257.07% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,234.291,617.601,284.831,301.03
Total Income4,284.644,722.584,718.493,597.28
Profit After Tax141.99201.766.0113.30
Net Worth409.70267.7465.9859.98
Reserves and Surplus163.73247.2445.4839.48
Total Borrowing607.28716.90688.89795.31
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)84.3582.00
Promoter Shareholding (Post-Issue)61.5858.30
P/E Ratio12.4217.44
Market Cap₹75.05 Cr.₹49.48 Cr.
ROE14.39%120.91%
ROCE19.55%78.52%
Debt/Equity0.032.68
EPS₹2.66₹8.20
RoNW14.20%75.36%

Shares Offered

In the Maxposure IPO Retail Individual Investors (RII) are offered 20,48,000 shares while in Shree Marutinandan Tubes IPO retail investors are offered 20,48,000 shares. Qualified Institutional Buyers (QIB) are offered 11,40,000 shares in Maxposure IPO and in Shree Marutinandan Tubes IPO.

 Maxposure IPOShree Marutinandan Tubes IPO
Anchor Investor Reserveration17,00,000 shares
Market Maker Reserveration3,72,000 shares50,000 shares
QIB11,40,000 shares
NII8,80,000 shares4,75,000 shares
RII20,48,000 shares4,75,000 shares
Employee
Others
Total57,68,000 shares9,50,000 shares

Bids Received (Subscription)

Maxposure IPO subscribed 987.47x in total, whereas Shree Marutinandan Tubes IPO subscribed 47.16x.

 Maxposure IPOShree Marutinandan Tubes IPO
QIB (times)162.35x
NII (times)1,947.55x32.67x
Big NII (times)
Small NII (times)
RII (times)1,034.23x59.71x
Employee (times)
Other (times)
Total (times)987.47x47.16x