MOS Utility IPO vs Sotac Pharmaceuticals IPO

Comparison between MOS Utility IPO and Sotac Pharmaceuticals IPO.

IPO Details

MOS Utility IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Sotac Pharmaceuticals IPO is a SME Bookbuilding proposed to list at NSE SME.

	MOS Utility IPO	Sotac Pharmaceuticals IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Unistone Capital Pvt.Ltd.	Beeline Capital Advisors Pvt.Ltd.
Registrar	Skyline Financial Services Pvt.Ltd.	Kfin Technologies Ltd.
Market Maker	Rikhav Securities Ltd.	Sunflower Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	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 Sotac Pharmaceuticals IPO is up to ₹31.64 Cr. The final issue price of MOS Utility IPO is ₹76.00 per share and of Sotac Pharmaceuticals IPO is ₹111.00 per share.

	MOS Utility IPO	Sotac Pharmaceuticals IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹72.00 per share	₹105.00 per share
Issue Price (Upper)	₹76.00 per share	₹111.00 per share
Issue Price (Final)	₹76.00 per share	₹111.00 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	28,50,000 shares
Fresh Issue Size (Amount)	up to ₹41.38 Cr	up to ₹31.64 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	28,50,000 shares
Issue Size Total (Amount)	up to ₹47.46 Cr	up to ₹31.64 Cr

IPO Timetable

MOS Utility IPO opens on Mar 31, 2023, while Sotac Pharmaceuticals IPO opens on Mar 29, 2023. The closing date of MOS Utility IPO and Sotac Pharmaceuticals IPO is Apr 06, 2023, and Apr 03, 2023, respectively.

	MOS Utility IPO	Sotac Pharmaceuticals IPO
Anchor Bid Date	Mar 29, 2023	Mar 28, 2023
Issue Open	Mar 31, 2023	Mar 29, 2023
Issue Close	Apr 06, 2023	Apr 03, 2023
Basis Of Allotment (Tentative)	Apr 12, 2023	Apr 10, 2023
Initiation of Refunds (Tentative)	Apr 13, 2023	Apr 11, 2023
Credit of Share (Tentative)	Apr 17, 2023	Apr 12, 2023
Listing date (Tentative)	Apr 18, 2023	Apr 13, 2023
Anchor Lockin End date 1	May 12, 2023	May 10, 2023
Anchor Lockin End date 2	Jul 11, 2023	Jul 09, 2023

Financials & KPIs

MOS Utility IPO P/E ratio is 48.41, as compared to Sotac Pharmaceuticals IPO P/E ratio of 132.14.

MOS Utility IPO

Sotac Pharmaceuticals 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

Sotac Pharmaceuticals Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	3,038.21	2,882.64	8.75	305.73	75.73	15.13
31-Mar-21	3,469.75	4,894.97	-236.54	249.36	19.36	1,035.80
31-Mar-22	3,525.35	7,337.02	287.86	662.19	432.19	1,134.59
30-Sep-22	6,461.60	3,994.65	46.55	797.41	567.41	2,185.52
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

82.91

84.63

Promoter Shareholding (Post-Issue)

P/E Ratio

48.41

132.14

Market Cap

₹189.51 Cr.

₹122.66 Cr.

ROE

14.06%

6.38%

ROCE

11.26%

19.03%

Debt/Equity

0.45

2.74

EPS

RoNW

Shares Offered

In the MOS Utility IPO Retail Individual Investors (RII) are offered 21,85,600 shares while in Sotac Pharmaceuticals IPO retail investors are offered 21,85,600 shares. Qualified Institutional Buyers (QIB) are offered 15,23,200 shares in MOS Utility IPO and 5,70,000 shares in Sotac Pharmaceuticals IPO.

	MOS Utility IPO	Sotac Pharmaceuticals IPO
Anchor Investor Reserveration	15,98,400 shares	8,53,200 shares
Market Maker Reserveration	3,29,600 shares	1,50,000 shares
QIB	15,23,200 shares	5,70,000 shares
NII	9,37,600 shares	4,28,400 shares
RII	21,85,600 shares	9,98,400 shares
Employee
Others
Total	62,44,800 shares	28,50,000 shares

Bids Received (Subscription)

MOS Utility IPO subscribed 21.14x in total, whereas Sotac Pharmaceuticals IPO subscribed 1.60x.

	MOS Utility IPO	Sotac Pharmaceuticals IPO
QIB (times)	11.67x	1.00x
NII (times)	57.90x	4.04x
Big NII (times)
Small NII (times)
RII (times)	11.98x	0.91x
Employee (times)
Other (times)
Total (times)	21.14x	1.60x

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