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Megastar Foods IPO vs Milestone Furniture IPO

Comparison between Megastar Foods IPO and Milestone Furniture IPO.

IPO Details

Megastar Foods IPO is a SME Fixed Price IPO proposed to list at BSE SME while Milestone Furniture IPO is a SME Fixed Price proposed to list at BSE SME.

 Megastar Foods IPOMilestone Furniture IPO
LogoMegastar Foods IPO LogoMilestone Furniture IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersSwastika Investmart Ltd.Monarch Networth Capital Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerMonarch Networth Capital Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Megastar Foods IPO is up to ₹7.63 Cr whereas the issue size of the Milestone Furniture IPO is up to ₹14.09 Cr. The final issue price of Megastar Foods IPO is ₹30.00 per share and of Milestone Furniture IPO is ₹45.00 per share.

 Megastar Foods IPOMilestone Furniture IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹30.00 per share₹45.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size4000 shares3000 shares
Fresh Issue Size25,44,000 shares31,32,000 shares
Fresh Issue Size (Amount)up to ₹7.63 Crup to ₹14.09 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total25,44,000 shares31,32,000 shares
Issue Size Total (Amount)up to ₹7.63 Crup to ₹14.09 Cr

IPO Timetable

Megastar Foods IPO opens on May 14, 2018, while Milestone Furniture IPO opens on May 07, 2018. The closing date of Megastar Foods IPO and Milestone Furniture IPO is May 16, 2018, and May 11, 2018, respectively.

 Megastar Foods IPOMilestone Furniture IPO
Anchor Bid Date
Issue OpenMay 14, 2018May 07, 2018
Issue CloseMay 16, 2018May 11, 2018
Basis Of Allotment (Tentative)May 16, 2018
Initiation of Refunds (Tentative)May 17, 2018
Credit of Share (Tentative)May 18, 2018
Listing date (Tentative)May 24, 2018May 21, 2018
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Megastar Foods IPO P/E ratio is , as compared to Milestone Furniture IPO P/E ratio of .

 Megastar Foods IPOMilestone Furniture IPO
Financials
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Millions)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 3,160.33 3,081.85 2,007.93 1,313.84 286.15
Total Revenue 9,776.25 7,804.31 4,450.16 785.36 --
Profit After Tax 105.86 58.92 (28.15) (0.11) --
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 53,160,563 23,014,900 21,710,118 8,257,681
Total Revenue 89,467,999 55,175,651 33,229,409 3,787,759
Profit After Tax 3,247,677 1,989,136 542,472 343,186
Promoter Shareholding (Pre-Issue)
Promoter Shareholding (Post-Issue)
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Megastar Foods IPO Retail Individual Investors (RII) are offered 12,72,000 shares while in Milestone Furniture IPO retail investors are offered 12,72,000 shares. Qualified Institutional Buyers (QIB) are offered in Megastar Foods IPO and in Milestone Furniture IPO.

 Megastar Foods IPOMilestone Furniture IPO
Anchor Investor Reserveration
Market Maker Reserveration1,36,000 shares1,65,000 shares
QIB
NII12,72,000 shares15,66,000 shares
RII12,72,000 shares15,66,000 shares
Employee
Others
Total25,44,000 shares31,32,000 shares

Bids Received (Subscription)

Megastar Foods IPO subscribed 1.70x in total, whereas Milestone Furniture IPO subscribed 2.13x.

 Megastar Foods IPOMilestone Furniture IPO
QIB (times)
NII (times)1.88x0.82x
Big NII (times)
Small NII (times)
RII (times)1.52x3.45x
Employee (times)
Other (times)
Total (times)1.70x2.13x