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DelaPlex IPO vs Mayank Cattle Food IPO

Comparison between DelaPlex IPO and Mayank Cattle Food IPO.

IPO Details

DelaPlex IPO is a SME Fixed Price IPO proposed to list at NSE SME while Mayank Cattle Food IPO is a SME Fixed Price proposed to list at BSE SME.

 DelaPlex IPOMayank Cattle Food IPO
LogoDelaPlex IPO LogoMayank Cattle Food IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersShreni Shares Ltd.Finshore Management Services Ltd.
RegistrarBigshare Services Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerShreni Shares Ltd.Rikhav Securities 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 DelaPlex IPO is up to ₹43.73 Cr whereas the issue size of the Mayank Cattle Food IPO is up to ₹18.47 Cr. The final issue price of DelaPlex IPO is ₹192.00 per share and of Mayank Cattle Food IPO is ₹108.00 per share.

 DelaPlex IPOMayank Cattle Food IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹186.00 per share
Issue Price (Upper)₹192.00 per share
Issue Price (Final)₹192.00 per share₹108.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size600 shares1200 shares
Fresh Issue Size16,77,600 shares17,10,000 shares
Fresh Issue Size (Amount)up to ₹32.21 Crup to ₹18.47 Cr
OFS Issue Size6,00,000 shares0 shares
OFS Issue Size (Amount)up to ₹11.52 Crup to ₹0.00 Cr
Issue Size Total22,77,600 shares17,10,000 shares
Issue Size Total (Amount)up to ₹43.73 Crup to ₹18.47 Cr

IPO Timetable

DelaPlex IPO opens on Jan 25, 2024, while Mayank Cattle Food IPO opens on Jan 29, 2024. The closing date of DelaPlex IPO and Mayank Cattle Food IPO is Jan 30, 2024, and Jan 31, 2024, respectively.

 DelaPlex IPOMayank Cattle Food IPO
Anchor Bid DateJan 24, 2024
Issue OpenJan 25, 2024Jan 29, 2024
Issue CloseJan 30, 2024Jan 31, 2024
Basis Of Allotment (Tentative)Jan 31, 2024Feb 01, 2024
Initiation of Refunds (Tentative)Jan 31, 2024Feb 02, 2024
Credit of Share (Tentative)Feb 01, 2024Feb 02, 2024
Listing date (Tentative)Feb 02, 2024Feb 05, 2024
Anchor Lockin End date 1Mar 01, 2024
Anchor Lockin End date 2Apr 30, 2024

Financials & KPIs

DelaPlex IPO P/E ratio is 17.75, as compared to Mayank Cattle Food IPO P/E ratio of 29.58.

 DelaPlex IPOMayank Cattle Food IPO
Financials

DelaPlex Limited Financial Information (Restated)

DelaPlex Limited's revenue increased by 9.69% and profit after tax (PAT) rose by 29.23% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets3,185.452,638.331,790.901,100.77
Total Income2,814.285,521.815,034.063,633.30
Profit After Tax425.53790.72611.87404.00
Net Worth2,775.582,350.051,559.32947.45
Reserves and Surplus2,774.582,349.051,558.32946.45
Amount in ₹ Lakhs

Mayank Cattle Food Limited Financial Information (Restated)

Mayank Cattle Food Limited's revenue decreased by -4.15% and profit after tax (PAT) rose by 64.45% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Jul 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,122.444,893.644,163.853,433.62
Total Income7,527.1530,958.1432,300.1718,652.89
Profit After Tax57.37131.4379.9271.81
Net Worth533.37475.99344.56264.63
Reserves and Surplus173.37455.99324.56244.63
Total Borrowing3,788.353,961.003,163.532,531.49
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)10097.50
Promoter Shareholding (Post-Issue)73.6665.00
P/E Ratio17.7529.58
Market Cap₹174.91 Cr.₹58.32 Cr.
ROE40.45%32%
ROCE56.73%11.27%
Debt/Equity9.13
EPS₹10.82₹3.65
RoNW56.73%27.61%

Shares Offered

In the DelaPlex IPO Retail Individual Investors (RII) are offered 7,97,400 shares while in Mayank Cattle Food IPO retail investors are offered 7,97,400 shares. Qualified Institutional Buyers (QIB) are offered 4,55,400 shares in DelaPlex IPO and in Mayank Cattle Food IPO.

 DelaPlex IPOMayank Cattle Food IPO
Anchor Investor Reserveration6,82,800 shares
Market Maker Reserveration1,22,400 shares90,000 shares
QIB4,55,400 shares
NII3,42,000 shares8,54,400 shares
RII7,97,400 shares8,55,600 shares
Employee
Others
Total22,77,600 shares17,10,000 shares

Bids Received (Subscription)

DelaPlex IPO subscribed 177.80x in total, whereas Mayank Cattle Food IPO subscribed 8.83x.

 DelaPlex IPOMayank Cattle Food IPO
QIB (times)90.91x
NII (times)335.23x5.90x
Big NII (times)
Small NII (times)
RII (times)159.91x11.77x
Employee (times)
Other (times)
Total (times)177.80x8.83x