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Mahickra Chemicals IPO vs Narmada Agrobase IPO

Comparison between Mahickra Chemicals IPO and Narmada Agrobase IPO.

IPO Details

Mahickra Chemicals IPO is a SME Fixed Price IPO proposed to list at NSE SME while Narmada Agrobase IPO is a SME Fixed Price proposed to list at NSE SME.

 Mahickra Chemicals IPONarmada Agrobase IPO
LogoMahickra Chemicals IPO LogoNarmada Agrobase IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersPantomath Capital Advisors Pvt.Ltd.Corporate Capital Ventures Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerPantomath Stock Brokers Pvt.Ltd.Beeline Broking Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Mahickra Chemicals IPO is up to ₹4.98 Cr whereas the issue size of the Narmada Agrobase IPO is up to ₹7.09 Cr. The final issue price of Mahickra Chemicals IPO is ₹25.00 per share and of Narmada Agrobase IPO is ₹32.00 per share.

 Mahickra Chemicals IPONarmada Agrobase IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹24.00 per share
Issue Price (Upper)₹25.00 per share
Issue Price (Final)₹25.00 per share₹32.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size6000 shares4000 shares
Fresh Issue Size19,92,000 shares22,16,000 shares
Fresh Issue Size (Amount)up to ₹4.98 Crup to ₹7.09 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total19,92,000 shares22,16,000 shares
Issue Size Total (Amount)up to ₹4.98 Crup to ₹7.09 Cr

IPO Timetable

Mahickra Chemicals IPO opens on Apr 16, 2018, while Narmada Agrobase IPO opens on Mar 28, 2018. The closing date of Mahickra Chemicals IPO and Narmada Agrobase IPO is Apr 18, 2018, and Apr 11, 2018, respectively.

 Mahickra Chemicals IPONarmada Agrobase IPO
Issue OpenApr 16, 2018Mar 28, 2018
Issue CloseApr 18, 2018Apr 11, 2018
Basis Of Allotment (Tentative)Apr 23, 2018Apr 16, 2018
Initiation of Refunds (Tentative)Apr 24, 2018
Credit of Share (Tentative)Apr 25, 2018
Listing date (Tentative)Apr 26, 2018Apr 19, 2018

Financials & KPIs

Mahickra Chemicals IPO P/E ratio is , as compared to Narmada Agrobase IPO P/E ratio of .

 Mahickra Chemicals IPONarmada Agrobase IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 201731 Mar 201731 Mar 201631 Mar 2015
Assets30.2825.6218.1817.82
Total Income4.3442.2634.7942.75
Profit After Tax0.020.350.150.09
EBITDA3.302.972.512.55
Reserves and Surplus1.63
Total Borrowing6.606.645.965.41
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended30 Sep 201731 Mar 201731 Mar 201631 Mar 2015
Assets13.9113.6710.738.96
Total Income17.4034.4530.7122.04
Profit After Tax0.210.300.190.14
NET Worth5.142.432.121.35
Reserves and Surplus2.540.610.300.11
Total Borrowing6.919.457.246.57
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)67.74%100%
Promoter Shareholding (Post-Issue)48.07%68.92%
Market Cap₹18.09 Cr.₹24.09 Cr.

Shares Offered

In the Mahickra Chemicals IPO Retail Individual Investors (RII) are offered 9,96,000 shares while in Narmada Agrobase IPO retail investors are offered 9,96,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Mahickra Chemicals IPO and 0 shares in Narmada Agrobase IPO.

 Mahickra Chemicals IPONarmada Agrobase IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation1,08,000 shares1,24,000 shares
QIB0 shares0 shares
NII9,96,000 shares11,08,000 shares
RII9,96,000 shares11,08,000 shares
Employee0 shares0 shares
Total19,92,000 shares22,16,000 shares

Bids Received (Subscription)

Mahickra Chemicals IPO subscribed 27.85x in total, whereas Narmada Agrobase IPO subscribed 1.21x.

 Mahickra Chemicals IPONarmada Agrobase IPO
NII (times)22.42x0.93x
RII (times)33.28x1.48x
Total (times)27.85x1.21x

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Compare:

Mahickra Chemicals IPO Vs Narmada Agrobase IPO