MOS Utility IPO vs Nirman Agri Genetics IPO

Comparison between MOS Utility IPO and Nirman Agri Genetics IPO.

IPO Details

MOS Utility IPO is a SME Fixed Price IPO proposed to list at NSE SME while Nirman Agri Genetics IPO is a SME Fixed Price proposed to list at NSE SME.

	MOS Utility IPO	Nirman Agri Genetics IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Fixed Price
Listing At	NSE SME	NSE SME
Lead Managers	Unistone Capital Pvt.Ltd.	First Overseas Capital Ltd.
Registrar	Skyline Financial Services Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Rikhav Securities Ltd.	NNM Securities Pvt.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 MOS Utility IPO is up to ₹47.46 Cr whereas the issue size of the Nirman Agri Genetics IPO is up to ₹19.27 Cr. The final issue price of MOS Utility IPO is ₹76.00 per share and of Nirman Agri Genetics IPO is ₹99.00 per share.

	MOS Utility IPO	Nirman Agri Genetics IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹72.00 per share
Issue Price (Upper)	₹76.00 per share
Issue Price (Final)	₹76.00 per share	₹99.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1600 shares	1200 shares
Fresh Issue Size	54,44,800 shares	19,46,400 shares
Fresh Issue Size (Amount)	up to ₹41.38 Cr	up to ₹19.27 Cr
OFS Issue Size	8,00,000 shares	0 shares
OFS Issue Size (Amount)	up to ₹6.08 Cr	up to ₹0.00 Cr
Issue Size Total	62,44,800 shares	19,46,400 shares
Issue Size Total (Amount)	up to ₹47.46 Cr	up to ₹19.27 Cr

IPO Timetable

MOS Utility IPO opens on Mar 31, 2023, while Nirman Agri Genetics IPO opens on Mar 15, 2023. The closing date of MOS Utility IPO and Nirman Agri Genetics IPO is Apr 06, 2023, and Mar 20, 2023, respectively.

	MOS Utility IPO	Nirman Agri Genetics IPO
Anchor Bid Date	Mar 29, 2023
Issue Open	Mar 31, 2023	Mar 15, 2023
Issue Close	Apr 06, 2023	Mar 20, 2023
Basis Of Allotment (Tentative)	Apr 12, 2023	Mar 23, 2023
Initiation of Refunds (Tentative)	Apr 13, 2023	Mar 24, 2023
Credit of Share (Tentative)	Apr 17, 2023	Mar 27, 2023
Listing date (Tentative)	Apr 18, 2023	Mar 28, 2023
Anchor Lockin End date 1	May 12, 2023
Anchor Lockin End date 2	Jul 11, 2023

Financials & KPIs

MOS Utility IPO P/E ratio is 48.41, as compared to Nirman Agri Genetics IPO P/E ratio of 14.93.

MOS Utility IPO

Nirman Agri Genetics IPO

Financials

MOS Utility Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2,513.42	9,156.51	128.59	602.42	583.23	538.08
31-Mar-21	2,459.02	6,792.07	84.69	687.11	667.92	812.23
31-Mar-22	3,513.48	8,096.01	157.67	844.78	825.60	1,296.32
30-Sep-22	4,970.94	5,435.41	195.84	1,940.63	62.01	878.59
Amount in ₹ Lakhs

Nirman Agri Genetics Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-21	164.06	382.21	5.47	6.47	99.19
31-Mar-22	595.87	1,348.91	256.02	264.41	124.67
31-Oct-22	915.70	1,804.28	230.44	447.51	171.41
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

82.91

99.99

Promoter Shareholding (Post-Issue)

65.59

P/E Ratio

48.41

14.93

Market Cap

₹189.51 Cr.

₹59.01 Cr.

ROE

14.06%

ROCE

11.26%

Debt/Equity

0.45

EPS

RoNW

Shares Offered

In the MOS Utility IPO Retail Individual Investors (RII) are offered 21,85,600 shares while in Nirman Agri Genetics IPO retail investors are offered 21,85,600 shares. Qualified Institutional Buyers (QIB) are offered 15,23,200 shares in MOS Utility IPO and in Nirman Agri Genetics IPO.

	MOS Utility IPO	Nirman Agri Genetics IPO
Anchor Investor Reserveration	15,98,400 shares
Market Maker Reserveration	3,29,600 shares	1,04,400 shares
QIB	15,23,200 shares
NII	9,37,600 shares	9,73,200 shares
RII	21,85,600 shares	9,73,200 shares
Employee
Others
Total	62,44,800 shares	19,46,400 shares

Bids Received (Subscription)

MOS Utility IPO subscribed 21.14x in total, whereas Nirman Agri Genetics IPO subscribed 1.71x.

	MOS Utility IPO	Nirman Agri Genetics IPO
QIB (times)	11.67x
NII (times)	57.90x	1.22x
Big NII (times)
Small NII (times)
RII (times)	11.98x	2.20x
Employee (times)
Other (times)
Total (times)	21.14x	1.71x

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