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Milestone Furniture IPO vs Sirca Paints IPO

Comparison between Milestone Furniture IPO and Sirca Paints IPO.

IPO Details

Milestone Furniture IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Sirca Paints IPO is a SME Bookbuilding proposed to list at NSE SME.

 Milestone Furniture IPOSirca Paints IPO
LogoMilestone Furniture IPO LogoSirca Paints IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersMonarch Networth Capital Ltd.Navigant Corporate Advisors Ltd.
RegistrarKfin Technologies Ltd.Kfin Technologies Ltd.
Market MakerMonarch Networth Capital Ltd.Bhaijee Portfolio Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Milestone Furniture IPO is up to ₹14.09 Cr whereas the issue size of the Sirca Paints IPO is up to ₹74.01 Cr. The final issue price of Milestone Furniture IPO is ₹45.00 per share and of Sirca Paints IPO is ₹160.00 per share.

 Milestone Furniture IPOSirca Paints IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹151.00 per share
Issue Price (Upper)₹160.00 per share
Issue Price (Final)₹45.00 per share₹160.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size3000 shares800 shares
Fresh Issue Size31,32,000 shares46,25,600 shares
Fresh Issue Size (Amount)up to ₹14.09 Crup to ₹74.01 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total31,32,000 shares46,25,600 shares
Issue Size Total (Amount)up to ₹14.09 Crup to ₹74.01 Cr

IPO Timetable

Milestone Furniture IPO opens on May 07, 2018, while Sirca Paints IPO opens on May 16, 2018. The closing date of Milestone Furniture IPO and Sirca Paints IPO is May 11, 2018, and May 22, 2018, respectively.

 Milestone Furniture IPOSirca Paints IPO
Anchor Bid DateMay 15, 2018
Issue OpenMay 07, 2018May 16, 2018
Issue CloseMay 11, 2018May 22, 2018
Basis Of Allotment (Tentative)May 16, 2018May 25, 2018
Initiation of Refunds (Tentative)May 17, 2018
Credit of Share (Tentative)May 18, 2018
Listing date (Tentative)May 21, 2018May 30, 2018
Anchor Lockin End date 1Jun 21, 2018

Financials & KPIs

Milestone Furniture IPO P/E ratio is , as compared to Sirca Paints IPO P/E ratio of .

 Milestone Furniture IPOSirca Paints IPO
Financials

Company Financials (Restated)

Period Ended30 Nov 201731 Mar 201731 Mar 201631 Mar 2015
Assets16.255.322.302.17
Total Income23.728.955.523.32
Profit After Tax0.800.320.200.05
NET Worth6.064.010.300.10
Reserves and Surplus2.061.010.290.09
Total Borrowing5.950.830.710.83
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Dec 201731 Mar 201731 Mar 201631 Mar 2015
Assets83.1961.3145.0833.42
Total Income64.7084.3472.6669.77
Profit After Tax14.6013.707.286.18
NET Worth48.3534.0320.3613.13
Reserves and Surplus36.1434.0320.3313.05
Total Borrowing9.103.8510.6811.81
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%91.79%
Promoter Shareholding (Post-Issue)64.54%67.32%
Market Cap₹41.84 Cr.₹292.31 Cr.

Shares Offered

In the Milestone Furniture IPO Retail Individual Investors (RII) are offered 15,66,000 shares while in Sirca Paints IPO retail investors are offered 15,66,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Milestone Furniture IPO and 9,28,000 shares in Sirca Paints IPO.

 Milestone Furniture IPOSirca Paints IPO
Anchor Investor Reservation0 shares13,70,400 shares
Market Maker Reservation1,65,000 shares2,44,000 shares
QIB0 shares9,28,000 shares
NII15,66,000 shares6,99,200 shares
RII15,66,000 shares16,28,000 shares
Employee0 shares0 shares
Total31,32,000 shares46,25,600 shares

Bids Received (Subscription)

Milestone Furniture IPO subscribed 3.70x in total, whereas Sirca Paints IPO subscribed 8.32x.

 Milestone Furniture IPOSirca Paints IPO
QIB (times)1.25x
NII (times)0.72x32.05x
RII (times)6.67x9.16x
Total (times)3.70x8.32x

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Compare:

Milestone Furniture IPO Vs Sirca Paints IPO