Madhusudan Masala IPO vs Meson Valves IPO

Comparison between Madhusudan Masala IPO and Meson Valves IPO.

IPO Details

Madhusudan Masala 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.

	Madhusudan Masala IPO	Meson Valves IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Fixed Price
Listing At	NSE SME	BSE SME
Lead Managers	Hem Securities Ltd.	Shreni Shares Ltd.
Registrar	Kfin Technologies Ltd.	Maashitla Securities Pvt.Ltd.
Market Maker	Hem Finlease Pvt.Ltd.	Shreni Shares Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Madhusudan Masala IPO is up to ₹22.60 Cr whereas the issue size of the Meson Valves IPO is up to ₹29.50 Cr. The final issue price of Madhusudan Masala IPO is ₹70.00 per share and of Meson Valves IPO is ₹102.00 per share.

	Madhusudan Masala IPO	Meson Valves IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹66.00 per share
Issue Price (Upper)	₹70.00 per share
Issue Price (Final)	₹70.00 per share	₹102.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	2000 shares	1200 shares
Fresh Issue Size	32,28,000 shares	28,92,000 shares
Fresh Issue Size (Amount)	up to ₹22.60 Cr	up to ₹29.50 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	32,28,000 shares	28,92,000 shares
Issue Size Total (Amount)	up to ₹22.60 Cr	up to ₹29.50 Cr

IPO Timetable

Madhusudan Masala IPO opens on Sep 18, 2023, while Meson Valves IPO opens on Sep 08, 2023. The closing date of Madhusudan Masala IPO and Meson Valves IPO is Sep 21, 2023, and Sep 12, 2023, respectively.

	Madhusudan Masala IPO	Meson Valves IPO
Anchor Bid Date	Sep 15, 2023
Issue Open	Sep 18, 2023	Sep 08, 2023
Issue Close	Sep 21, 2023	Sep 12, 2023
Basis Of Allotment (Tentative)	Sep 26, 2023	Sep 15, 2023
Initiation of Refunds (Tentative)	Sep 27, 2023	Sep 18, 2023
Credit of Share (Tentative)	Sep 29, 2023	Sep 20, 2023
Listing date (Tentative)	Sep 26, 2023	Sep 21, 2023
Anchor Lockin End date 1	Oct 26, 2023
Anchor Lockin End date 2	Dec 25, 2023

Financials & KPIs

Madhusudan Masala IPO P/E ratio is 10.08, as compared to Meson Valves IPO P/E ratio of 15.47.

Madhusudan Masala IPO

Meson Valves IPO

Financials

Madhusudan Masala IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	2,599.90	3,514.29	5,736.52
Total Income	6,875.18	6,651.81	12,750.57
Profit After Tax	44.98	81.29	575.89
Net Worth	1,094.09	31.07	1,099.10
Reserves and Surplus		30.07	599.10
Total Borrowing	966.40	2,819.53	4,217.20

Amount in ₹ Lakhs

Meson Valves India IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	2,105.58	2,738.78	4,509.01
Total Income	1,542.35	1,431.57	3,719.30
Profit After Tax	11.81	212.54	452.43
Net Worth	55.17	267.71	1,849.57
Reserves and Surplus	48.17	260.71	1,157.32
Total Borrowing	918.26	923.93	1,124.16

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

46.91

Promoter Shareholding (Post-Issue)

73.64

32.83

P/E Ratio

10.08

15.47

Market Cap

₹90.30 Cr.

₹103.63 Cr.

ROE

101.91%

ROCE

20.08%

Debt/Equity

3.84

EPS

₹6.94

₹6.59

RoNW

52.40%

24.46%

Shares Offered

In the Madhusudan Masala IPO Retail Individual Investors (RII) are offered 11,30,000 shares while in Meson Valves IPO retail investors are offered 11,30,000 shares. Qualified Institutional Buyers (QIB) are offered 6,46,000 shares in Madhusudan Masala IPO and in Meson Valves IPO.

	Madhusudan Masala IPO	Meson Valves IPO
Anchor Investor Reserveration	9,66,000 shares
Market Maker Reserveration	1,72,000 shares	1,56,000 shares
QIB	6,46,000 shares
NII	4,86,000 shares	14,46,000 shares
RII	11,30,000 shares	14,46,000 shares
Employee
Others
Total	32,28,000 shares	28,92,000 shares

Bids Received (Subscription)

Madhusudan Masala IPO subscribed 444.27x in total, whereas Meson Valves IPO subscribed 173.65x.

	Madhusudan Masala IPO	Meson Valves IPO
QIB (times)	86.91x
NII (times)	574.08x	132.74x
Big NII (times)
Small NII (times)
RII (times)	592.73x	203.02x
Employee (times)
Other (times)
Total (times)	444.27x	173.65x

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