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Cellecor Gadgets IPO vs Meson Valves IPO

Comparison between Cellecor Gadgets IPO and Meson Valves IPO.

IPO Details

Cellecor Gadgets IPO is a SME Fixed Price IPO proposed to list at NSE SME while Meson Valves IPO is a SME Fixed Price proposed to list at BSE SME.

 Cellecor Gadgets IPOMeson Valves IPO
LogoCellecor Gadgets IPO LogoMeson Valves IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersNarnolia Financial Services Ltd.Shreni Shares Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Maashitla Securities Pvt.Ltd.
Market MakerSS Corporate Securities Ltd.Shreni Shares 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 Cellecor Gadgets IPO is up to ₹48.23 Cr whereas the issue size of the Meson Valves IPO is up to ₹29.50 Cr. The final issue price of Cellecor Gadgets IPO is ₹92.00 per share and of Meson Valves IPO is ₹102.00 per share.

 Cellecor Gadgets IPOMeson Valves IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹87.00 per share
Issue Price (Upper)₹92.00 per share
Issue Price (Final)₹92.00 per share₹102.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares1200 shares
Fresh Issue Size52,42,800 shares28,92,000 shares
Fresh Issue Size (Amount)up to ₹48.23 Crup to ₹29.50 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total52,42,800 shares28,92,000 shares
Issue Size Total (Amount)up to ₹48.23 Crup to ₹29.50 Cr

IPO Timetable

Cellecor Gadgets IPO opens on Sep 15, 2023, while Meson Valves IPO opens on Sep 08, 2023. The closing date of Cellecor Gadgets IPO and Meson Valves IPO is Sep 20, 2023, and Sep 12, 2023, respectively.

 Cellecor Gadgets IPOMeson Valves IPO
Anchor Bid DateSep 14, 2023
Issue OpenSep 15, 2023Sep 08, 2023
Issue CloseSep 20, 2023Sep 12, 2023
Basis Of Allotment (Tentative)Sep 25, 2023Sep 15, 2023
Initiation of Refunds (Tentative)Sep 26, 2023Sep 18, 2023
Credit of Share (Tentative)Sep 27, 2023Sep 20, 2023
Listing date (Tentative)Sep 28, 2023Sep 21, 2023
Anchor Lockin End date 1Oct 25, 2023
Anchor Lockin End date 2Dec 24, 2023

Financials & KPIs

Cellecor Gadgets IPO P/E ratio is 13.45, as compared to Meson Valves IPO P/E ratio of 15.47.

 Cellecor Gadgets IPOMeson Valves IPO
Financials
Cellecor Gadgets IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets10.002,367.237,002.52
Total Income0.0012,128.9926,436.56
Profit After Tax-2.42213.56797.07
Net Worth7.58221.141,381.26
Reserves and Surplus-2.42211.141,369.94
Total Borrowing121.752,084.38
Amount in ₹ Lakhs
Meson Valves India IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets2,105.582,738.784,509.01
Total Income1,542.351,431.573,719.30
Profit After Tax11.81212.54452.43
Net Worth55.17267.711,849.57
Reserves and Surplus48.17260.711,157.32
Total Borrowing918.26923.931,124.16
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)69.9546.91
Promoter Shareholding (Post-Issue)51.5432.83
P/E Ratio13.4515.47
Market Cap₹192.90 Cr.₹103.63 Cr.
ROE57.71%
ROCE63.88%
Debt/Equity1.51
EPS₹6.84₹6.59
RoNW57.71%24.46%

Shares Offered

In the Cellecor Gadgets IPO Retail Individual Investors (RII) are offered 18,34,800 shares while in Meson Valves IPO retail investors are offered 18,34,800 shares. Qualified Institutional Buyers (QIB) are offered 10,48,800 shares in Cellecor Gadgets IPO and in Meson Valves IPO.

 Cellecor Gadgets IPOMeson Valves IPO
Anchor Investor Reserveration15,72,000 shares
Market Maker Reserveration2,76,000 shares1,56,000 shares
QIB10,48,800 shares
NII7,87,200 shares14,46,000 shares
RII18,34,800 shares14,46,000 shares
Employee
Others
Total52,42,800 shares28,92,000 shares

Bids Received (Subscription)

Cellecor Gadgets IPO subscribed 116.33x in total, whereas Meson Valves IPO subscribed 173.65x.

 Cellecor Gadgets IPOMeson Valves IPO
QIB (times)57.58x
NII (times)176.54x132.74x
Big NII (times)
Small NII (times)
RII (times)124.08x203.02x
Employee (times)
Other (times)
Total (times)116.33x173.65x