Baweja Studios IPO vs Megatherm Induction IPO

Comparison between Baweja Studios IPO and Megatherm Induction IPO.

IPO Details

Baweja Studios IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Megatherm Induction IPO is a SME Bookbuilding proposed to list at NSE SME.

	Baweja Studios IPO	Megatherm Induction IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Fedex Securities Pvt.Ltd.	Hem Securities Ltd.
Registrar	Skyline Financial Services Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	NNM Securities Pvt.Ltd.	Hem Finlease Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Baweja Studios IPO is up to ₹92.02 Cr whereas the issue size of the Megatherm Induction IPO is up to ₹51.20 Cr. The final issue price of Baweja Studios IPO is ₹180.00 per share and of Megatherm Induction IPO is ₹108.00 per share.

	Baweja Studios IPO	Megatherm Induction IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹170.00 per share	₹100.00 per share
Issue Price (Upper)	₹180.00 per share	₹108.00 per share
Issue Price (Final)	₹180.00 per share	₹108.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	800 shares	1200 shares
Fresh Issue Size	37,12,000 shares	47,41,200 shares
Fresh Issue Size (Amount)	up to ₹66.82 Cr	up to ₹51.20 Cr
OFS Issue Size	14,00,000 shares	0 shares
OFS Issue Size (Amount)	up to ₹25.20 Cr	up to ₹0.00 Cr
Issue Size Total	51,12,000 shares	47,41,200 shares
Issue Size Total (Amount)	up to ₹92.02 Cr	up to ₹51.20 Cr

IPO Timetable

Baweja Studios IPO opens on Jan 29, 2024, while Megatherm Induction IPO opens on Jan 29, 2024. The closing date of Baweja Studios IPO and Megatherm Induction IPO is Feb 01, 2024, and Jan 31, 2024, respectively.

	Baweja Studios IPO	Megatherm Induction IPO
Anchor Bid Date	Jan 25, 2024	Jan 25, 2024
Issue Open	Jan 29, 2024	Jan 29, 2024
Issue Close	Feb 01, 2024	Jan 31, 2024
Basis Of Allotment (Tentative)	Feb 02, 2024	Feb 01, 2024
Initiation of Refunds (Tentative)	Feb 05, 2024	Feb 02, 2024
Credit of Share (Tentative)	Feb 05, 2024	Feb 02, 2024
Listing date (Tentative)	Feb 06, 2024	Feb 05, 2024
Anchor Lockin End date 1	Mar 03, 2024	Mar 02, 2024
Anchor Lockin End date 2	May 02, 2024	May 01, 2024

Financials & KPIs

Baweja Studios IPO P/E ratio is 32.59, as compared to Megatherm Induction IPO P/E ratio of 10.68.

Baweja Studios IPO

Megatherm Induction IPO

Financials

Baweja Studios Limited Financial Information (Restated)

Baweja Studios Limited's revenue increased by 86.2% and profit after tax (PAT) rose by 188.8% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,202.57	4,489.98	3,056.03	3,223.67
Total Income	3,890.11	7,628.31	4,096.79	1,954.11
Profit After Tax	435.33	796.91	275.94	764.60
Net Worth	2,422.07	1,986.28	724.07	448.13
Reserves and Surplus	979.37	543.58	181.07	445.13
Total Borrowing	810.91	142.38	266.86	179.60
Amount in ₹ Lakhs

Megatherm Induction Limited Financial Information (Restated)

Megatherm Induction Limited's revenue increased by 41.37% and profit after tax (PAT) rose by 1171.94% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	21,040.28	19,197.87	17,262.76	14,645.06
Total Income	14,732.31	26,643.84	18,846.92	10,927.03
Profit After Tax	759.34	1,400.41	110.10	309.12
Net Worth	5,821.98	5,062.64	3,662.23	3,512.13
Reserves and Surplus	4,437.11	4,139.39	2,738.98	2,598.88
Total Borrowing	4,480.46	4,282.04	4,038.80	4,327.04
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99

98.92

Promoter Shareholding (Post-Issue)

72.71

P/E Ratio

32.59

10.68

Market Cap

₹331.69 Cr.

₹203.48 Cr.

ROE

40.12%

27.66%

ROCE

52.55%

27.47%

Debt/Equity

0.07

1.67

EPS

₹5.52

₹10.11

RoNW

40.12%

27.66%

Shares Offered

In the Baweja Studios IPO Retail Individual Investors (RII) are offered 22,84,000 shares while in Megatherm Induction IPO retail investors are offered 22,84,000 shares. Qualified Institutional Buyers (QIB) are offered 2,17,600 shares in Baweja Studios IPO and 9,48,000 shares in Megatherm Induction IPO.

	Baweja Studios IPO	Megatherm Induction IPO
Anchor Investor Reserveration	3,26,400 shares	14,22,000 shares
Market Maker Reserveration	2,88,000 shares	2,50,800 shares
QIB	2,17,600 shares	9,48,000 shares
NII	22,84,000 shares	7,11,600 shares
RII	22,84,000 shares	16,59,600 shares
Employee
Others
Total	51,12,000 shares	47,41,200 shares

Bids Received (Subscription)

Baweja Studios IPO subscribed 2.62x in total, whereas Megatherm Induction IPO subscribed 196.11x.

	Baweja Studios IPO	Megatherm Induction IPO
QIB (times)	2.17x	105.14x
NII (times)	1.08x	307.04x
Big NII (times)
Small NII (times)
RII (times)	4.20x	200.51x
Employee (times)
Other (times)
Total (times)	2.62x	196.11x

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