Comparison between Maiden Forgings IPO and MOS Utility IPO.
Maiden Forgings IPO is a SME Bookbuilding IPO proposed to list at BSE SME while MOS Utility IPO is a SME Bookbuilding proposed to list at NSE SME.
| Maiden Forgings IPO | MOS Utility IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Share India Capital Services Pvt.Ltd. | Unistone Capital Pvt.Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | Skyline Financial Services Pvt.Ltd. |
| Market Maker | Share India Securities Ltd. | Rikhav Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Maiden Forgings IPO is up to ₹22.64 Cr whereas the issue size of the MOS Utility IPO is up to ₹47.46 Cr. The final issue price of Maiden Forgings IPO is ₹63.00 per share and of MOS Utility IPO is ₹76.00 per share.
| Maiden Forgings IPO | MOS Utility IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹60.00 per share | ₹72.00 per share |
| Issue Price (Upper) | ₹63.00 per share | ₹76.00 per share |
| Issue Price (Final) | ₹63.00 per share | ₹76.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 1600 shares |
| Fresh Issue Size | 35,94,000 shares | 54,44,800 shares |
| Fresh Issue Size (Amount) | up to ₹22.64 Cr | up to ₹41.38 Cr |
| OFS Issue Size | 0 shares | 8,00,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹6.08 Cr |
| Issue Size Total | 35,94,000 shares | 62,44,800 shares |
| Issue Size Total (Amount) | up to ₹22.64 Cr | up to ₹47.46 Cr |
Maiden Forgings IPO opens on Mar 23, 2023, while MOS Utility IPO opens on Mar 31, 2023. The closing date of Maiden Forgings IPO and MOS Utility IPO is Mar 27, 2023, and Apr 06, 2023, respectively.
| Maiden Forgings IPO | MOS Utility IPO | |
|---|---|---|
| Anchor Bid Date | Mar 29, 2023 | |
| Issue Open | Mar 23, 2023 | Mar 31, 2023 |
| Issue Close | Mar 27, 2023 | Apr 06, 2023 |
| Basis Of Allotment (Tentative) | Mar 31, 2023 | Apr 12, 2023 |
| Initiation of Refunds (Tentative) | Apr 03, 2023 | Apr 13, 2023 |
| Credit of Share (Tentative) | Apr 05, 2023 | Apr 17, 2023 |
| Listing date (Tentative) | Apr 06, 2023 | Apr 18, 2023 |
| Anchor Lockin End date 1 | May 12, 2023 | |
| Anchor Lockin End date 2 | Jul 11, 2023 |
Maiden Forgings IPO P/E ratio is 8.38, as compared to MOS Utility IPO P/E ratio of 48.41.
| Maiden Forgings IPO | MOS Utility IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Standalone)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100 | 82.91 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.37 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 8.38 | 48.41 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹89.54 Cr. | ₹189.51 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 6.87 | 20.59 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 16.97 | 12.91 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.66 | 1.53 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹4.10 | ₹0.86 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 6.87 | 18.66 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Maiden Forgings IPO Retail Individual Investors (RII) are offered 22,64,000 shares while in MOS Utility IPO retail investors are offered 22,64,000 shares. Qualified Institutional Buyers (QIB) are offered 3,60,000 shares in Maiden Forgings IPO and 15,23,200 shares in MOS Utility IPO.
| Maiden Forgings IPO | MOS Utility IPO | |
|---|---|---|
| Anchor Investor Reservation | 15,98,400 shares | |
| Market Maker Reservation | 1,90,000 shares | 3,29,600 shares |
| QIB | 3,60,000 shares | 15,23,200 shares |
| NII | 9,70,000 shares | 9,37,600 shares |
| RII | 22,64,000 shares | 21,85,600 shares |
| Employee | ||
| Others | ||
| Total | 35,94,000 shares | 62,44,800 shares |
Maiden Forgings IPO subscribed 1.20x in total, whereas MOS Utility IPO subscribed 21.14x.
| Maiden Forgings IPO | MOS Utility IPO | |
|---|---|---|
| QIB (times) | 1.00x | 11.67x |
| NII (times) | 1.42x | 57.90x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 1.12x | 11.98x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.20x | 21.14x |
