Comparison between Art Nirman IPO and Majestic Research FPO.
Art Nirman IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Majestic Research FPO is a SME Bookbuilding proposed to list at BSE SME.
| Art Nirman IPO | Majestic Research FPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | FPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Hem Securities Ltd. | Pantomath Capital Advisors Pvt.Ltd. |
| Registrar | Sharex Dynamic (India) Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Hem Finlease Pvt.Ltd. | Choice Equity Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| IPO Allotment URL | IPO Allotment URL |
The total issue size of Art Nirman IPO is up to ₹4.76 Cr whereas the issue size of the Majestic Research FPO is up to ₹9.44 Cr. The final issue price of Art Nirman IPO is ₹25.00 per share and of Majestic Research FPO is ₹114.00 per share.
| Art Nirman IPO | Majestic Research FPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹106.00 per share | |
| Issue Price (Upper) | ₹114.00 per share | |
| Issue Price (Final) | ₹25.00 per share | ₹114.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Market Lot Size | 6000 shares | 10000 shares |
| Fresh Issue Size | 19,02,000 shares | 8,28,000 shares |
| Fresh Issue Size (Amount) | up to ₹4.76 Cr | up to ₹9.44 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 19,02,000 shares | 8,28,000 shares |
| Issue Size Total (Amount) | up to ₹4.76 Cr | up to ₹9.44 Cr |
Art Nirman IPO opens on Sep 30, 2016, while Majestic Research FPO opens on Nov 28, 2016. The closing date of Art Nirman IPO and Majestic Research FPO is Oct 07, 2016, and Dec 05, 2016, respectively.
| Art Nirman IPO | Majestic Research FPO | |
|---|---|---|
| Issue Open | Sep 30, 2016 | Nov 28, 2016 |
| Issue Close | Oct 07, 2016 | Dec 05, 2016 |
| Basis Of Allotment (Tentative) | Oct 14, 2016 | Dec 08, 2016 |
| Listing date (Tentative) | Oct 19, 2016 | Dec 14, 2016 |
Art Nirman IPO P/E ratio is , as compared to Majestic Research FPO P/E ratio of .
| Art Nirman IPO | Majestic Research FPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 99.91% | 100% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.58% | 72.83% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹19.01 Cr. | ₹56.98 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Art Nirman IPO Retail Individual Investors (RII) are offered 9,54,000 shares while in Majestic Research FPO retail investors are offered 9,54,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Art Nirman IPO and 0 shares in Majestic Research FPO.
| Art Nirman IPO | Majestic Research FPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 0 shares |
| Market Maker Reservation | 1,02,000 shares | 48,000 shares |
| QIB | 0 shares | 0 shares |
| NII | 9,48,000 shares | 4,14,000 shares |
| RII | 9,54,000 shares | 4,14,000 shares |
| Employee | 0 shares | 0 shares |
| Total | 19,02,000 shares | 8,28,000 shares |
Art Nirman IPO subscribed 1.66x in total, whereas Majestic Research FPO subscribed .
| Art Nirman IPO | Majestic Research FPO | |
|---|---|---|
| NII (times) | 2.38x | |
| RII (times) | 0.95x | |
| Total (times) | 1.66x |
