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Mayank Cattle Food IPO vs Megatherm Induction IPO

Comparison between Mayank Cattle Food IPO and Megatherm Induction IPO.

IPO Details

Mayank Cattle Food IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Megatherm Induction IPO is a SME Bookbuilding proposed to list at NSE SME.

 Mayank Cattle Food IPOMegatherm Induction IPO
LogoMayank Cattle Food IPO LogoMegatherm Induction IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersFinshore Management Services Ltd.Hem Securities Ltd.
RegistrarCameo Corporate Services Ltd.Bigshare Services Pvt.Ltd.
Market MakerRikhav Securities Ltd.Hem Finlease Pvt.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 Mayank Cattle Food IPO is up to ₹18.47 Cr whereas the issue size of the Megatherm Induction IPO is up to ₹51.20 Cr. The final issue price of Mayank Cattle Food IPO is ₹108.00 per share and of Megatherm Induction IPO is ₹108.00 per share.

 Mayank Cattle Food IPOMegatherm Induction IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹100.00 per share
Issue Price (Upper)₹108.00 per share
Issue Price (Final)₹108.00 per share₹108.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares1200 shares
Fresh Issue Size17,10,000 shares47,41,200 shares
Fresh Issue Size (Amount)up to ₹18.47 Crup to ₹51.20 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total17,10,000 shares47,41,200 shares
Issue Size Total (Amount)up to ₹18.47 Crup to ₹51.20 Cr

IPO Timetable

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

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

Financials & KPIs

Mayank Cattle Food IPO P/E ratio is 29.58, as compared to Megatherm Induction IPO P/E ratio of 10.68.

 Mayank Cattle Food IPOMegatherm Induction IPO
Financials

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

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 Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets21,040.2819,197.8717,262.7614,645.06
Total Income14,732.3126,643.8418,846.9210,927.03
Profit After Tax759.341,400.41110.10309.12
Net Worth5,821.985,062.643,662.233,512.13
Reserves and Surplus4,437.114,139.392,738.982,598.88
Total Borrowing4,480.464,282.044,038.804,327.04
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)97.5098.92
Promoter Shareholding (Post-Issue)65.0072.71
P/E Ratio29.5810.68
Market Cap₹58.32 Cr.₹203.48 Cr.
ROE32%27.66%
ROCE11.27%27.47%
Debt/Equity9.131.67
EPS₹3.65₹10.11
RoNW27.61%27.66%

Shares Offered

In the Mayank Cattle Food IPO Retail Individual Investors (RII) are offered 8,55,600 shares while in Megatherm Induction IPO retail investors are offered 8,55,600 shares. Qualified Institutional Buyers (QIB) are offered in Mayank Cattle Food IPO and 9,48,000 shares in Megatherm Induction IPO.

 Mayank Cattle Food IPOMegatherm Induction IPO
Anchor Investor Reserveration14,22,000 shares
Market Maker Reserveration90,000 shares2,50,800 shares
QIB9,48,000 shares
NII8,54,400 shares7,11,600 shares
RII8,55,600 shares16,59,600 shares
Employee
Others
Total17,10,000 shares47,41,200 shares

Bids Received (Subscription)

Mayank Cattle Food IPO subscribed 8.83x in total, whereas Megatherm Induction IPO subscribed 196.11x.

 Mayank Cattle Food IPOMegatherm Induction IPO
QIB (times)105.14x
NII (times)5.90x307.04x
Big NII (times)
Small NII (times)
RII (times)11.77x200.51x
Employee (times)
Other (times)
Total (times)8.83x196.11x