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Aditya Ultra Steel IPO vs My Mudra IPO

Comparison between Aditya Ultra Steel IPO and My Mudra IPO.

IPO Details

Aditya Ultra Steel IPO is a SME Bookbuilding IPO proposed to list at NSE SME while My Mudra IPO is a SME Bookbuilding proposed to list at NSE SME.

 Aditya Ultra Steel IPOMy Mudra IPO
LogoAditya Ultra Steel IPO LogoMy Mudra IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersSwastika Investmart Ltd.Hem Securities Ltd.
RegistrarCameo Corporate Services Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerSunflower Broking Pvt.Ltd.Hem Finlease Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Aditya Ultra Steel IPO is up to ₹43.59 Cr whereas the issue size of the My Mudra IPO is up to ₹31.57 Cr. The final issue price of Aditya Ultra Steel IPO is ₹62.00 per share and of My Mudra IPO is ₹110.00 per share.

 Aditya Ultra Steel IPOMy Mudra IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹59.00 per share₹104.00 per share
Issue Price (Upper)₹62.00 per share₹110.00 per share
Issue Price (Final)₹62.00 per share₹110.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1200 shares
Fresh Issue Size70,30,000 shares28,70,400 shares
Fresh Issue Size (Amount)up to ₹43.59 Crup to ₹31.57 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total70,30,000 shares28,70,400 shares
Issue Size Total (Amount)up to ₹43.59 Crup to ₹31.57 Cr

IPO Timetable

Aditya Ultra Steel IPO opens on Sep 09, 2024, while My Mudra IPO opens on Sep 05, 2024. The closing date of Aditya Ultra Steel IPO and My Mudra IPO is Sep 11, 2024, and Sep 09, 2024, respectively.

 Aditya Ultra Steel IPOMy Mudra IPO
Anchor Bid DateSep 04, 2024
Issue OpenSep 09, 2024Sep 05, 2024
Issue CloseSep 11, 2024Sep 09, 2024
Basis Of Allotment (Tentative)Sep 12, 2024Sep 10, 2024
Initiation of Refunds (Tentative)Sep 13, 2024Sep 11, 2024
Credit of Share (Tentative)Sep 13, 2024Sep 11, 2024
Listing date (Tentative)Sep 16, 2024Sep 12, 2024
Anchor Lockin End date 1Oct 10, 2024
Anchor Lockin End date 2Dec 09, 2024

Financials & KPIs

Aditya Ultra Steel IPO P/E ratio is 13.64, as compared to My Mudra IPO P/E ratio of 11.02.

 Aditya Ultra Steel IPOMy Mudra IPO
Financials

Aditya Ultra Steel Limited Financial Information (Restated)

Aditya Ultra Steel Limited's revenue increased by 11% and profit after tax (PAT) rose by 185% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets14,752.339,734.659,156.62
Total Income58,856.2953,048.9151,598.34
Profit After Tax792.34277.66488.9
Net Worth3,758.212,865.862,588.2
Reserves and Surplus3,128.62,739.812,462.15
Total Borrowing5,427.074,984.144,695.12
Amount in ₹ Lakhs

My Mudra Fincorp Limited Financial Information (Restated)

My Mudra Fincorp Limited's revenue increased by 33% and profit after tax (PAT) rose by 141% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets3,027.821,485.01939.6
Total Income7,114.365,355.82,846.18
Profit After Tax835.52346.7546.86
Net Worth1,679.79844.27437.88
Reserves and Surplus1,678.61843.08436.81
Total Borrowing964.41371.1341.2
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)97.9478.74
Promoter Shareholding (Post-Issue)68.7657.84
P/E Ratio13.6411.02
Market Cap₹153.98 Cr.₹125.31 Cr.
ROE23.92%66.20%
ROCE18.75%45.98%
Debt/Equity1.44
EPS₹4.54₹9.98
RoNW21.08%49.74%

Shares Offered

In the Aditya Ultra Steel IPO Retail Individual Investors (RII) are offered 24,62,000 shares while in My Mudra IPO retail investors are offered 24,62,000 shares. Qualified Institutional Buyers (QIB) are offered 35,12,000 shares in Aditya Ultra Steel IPO and 5,74,800 shares in My Mudra IPO.

 Aditya Ultra Steel IPOMy Mudra IPO
Anchor Investor Reserveration8,59,200 shares
Market Maker Reserveration3,70,000 shares1,53,600 shares
QIB35,12,000 shares5,74,800 shares
NII10,56,000 shares4,30,800 shares
RII24,62,000 shares10,05,600 shares
Employee
Others
Total70,30,000 shares28,70,400 shares

Bids Received (Subscription)

Aditya Ultra Steel IPO subscribed 10.58x in total, whereas My Mudra IPO subscribed 102.48x.

 Aditya Ultra Steel IPOMy Mudra IPO
QIB (times)1.21x48.83x
NII (times)12.16x159.37x
Big NII (times)
Small NII (times)
RII (times)23.26x108.77x
Employee (times)
Other (times)
Total (times)10.58x102.48x