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Mega Flex Plastics IPO vs Virtuoso Optoelectronics IPO

Comparison between Mega Flex Plastics IPO and Virtuoso Optoelectronics IPO.

IPO Details

Mega Flex Plastics IPO is a SME Fixed Price IPO proposed to list at NSE SME while Virtuoso Optoelectronics IPO is a SME Fixed Price proposed to list at BSE SME.

 Mega Flex Plastics IPOVirtuoso Optoelectronics IPO
LogoMega Flex Plastics IPO LogoVirtuoso Optoelectronics IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersFinshore Management Services Ltd.Fedex Securities Pvt.Ltd.
RegistrarCameo Corporate Services Ltd.Cameo Corporate Services Ltd.
Market MakerRainbow Securities Pvt.Ltd.Gretex Share Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Mega Flex Plastics IPO is up to ₹10.82 Cr whereas the issue size of the Virtuoso Optoelectronics IPO is up to ₹28.67 Cr. The final issue price of Mega Flex Plastics IPO is ₹40.00 per share and of Virtuoso Optoelectronics IPO is ₹56.00 per share.

 Mega Flex Plastics IPOVirtuoso Optoelectronics IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹40.00 per share₹56.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares2000 shares
Fresh Issue Size27,06,000 shares51,20,000 shares
Fresh Issue Size (Amount)up to ₹10.82 Crup to ₹28.67 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total27,06,000 shares51,20,000 shares
Issue Size Total (Amount)up to ₹10.82 Crup to ₹28.67 Cr

IPO Timetable

Mega Flex Plastics IPO opens on Sep 06, 2022, while Virtuoso Optoelectronics IPO opens on Sep 02, 2022. The closing date of Mega Flex Plastics IPO and Virtuoso Optoelectronics IPO is Sep 09, 2022, and Sep 07, 2022, respectively.

 Mega Flex Plastics IPOVirtuoso Optoelectronics IPO
Anchor Bid Date
Issue OpenSep 06, 2022Sep 02, 2022
Issue CloseSep 09, 2022Sep 07, 2022
Basis Of Allotment (Tentative)Sep 14, 2022Sep 12, 2022
Initiation of Refunds (Tentative)Sep 15, 2022Sep 13, 2022
Credit of Share (Tentative)Sep 16, 2022Sep 14, 2022
Listing date (Tentative)Sep 19, 2022Sep 15, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Mega Flex Plastics IPO P/E ratio is 16.19, as compared to Virtuoso Optoelectronics IPO P/E ratio of 6.92.

 Mega Flex Plastics IPOVirtuoso Optoelectronics IPO
Financials
Mega Flex Plastics Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-202999.933343.16219.852710.332534.89
31-Mar-213200.223108.53128.872839.22663.75
31-Mar-223414.684739.16265.933105.132929.68
Amount in ₹ Lakhs
Virtuoso Optoelectronics Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-205719.086839.34140.891123.99957.57
31-Mar-217989.6311551.3208.331332.321165.9
31-Mar-2212555.5120028.2394.012126.34628.08
30-Jun-2213350.857399.61412.342538.681040.43
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.79100
Promoter Shareholding (Post-Issue)73.3273.51
P/E Ratio16.196.92
Market Cap₹42.98 Cr.₹114.14 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Mega Flex Plastics IPO Retail Individual Investors (RII) are offered 13,53,000 shares while in Virtuoso Optoelectronics IPO retail investors are offered 13,53,000 shares. Qualified Institutional Buyers (QIB) are offered in Mega Flex Plastics IPO and in Virtuoso Optoelectronics IPO.

 Mega Flex Plastics IPOVirtuoso Optoelectronics IPO
Anchor Investor Reserveration
Market Maker Reserveration1,44,000 shares2,80,000 shares
QIB
NII13,53,000 shares25,60,000 shares
RII13,53,000 shares25,60,000 shares
Employee
Others
Total27,06,000 shares51,20,000 shares

Bids Received (Subscription)

Mega Flex Plastics IPO subscribed 46.31x in total, whereas Virtuoso Optoelectronics IPO subscribed 96.91x.

 Mega Flex Plastics IPOVirtuoso Optoelectronics IPO
QIB (times)
NII (times)52.86x112.87x
Big NII (times)
Small NII (times)
RII (times)39.75x80.95x
Employee (times)
Other (times)
Total (times)46.31x96.91x