Mahip Industries IPO vs Northern Spirits IPO

Comparison between Mahip Industries IPO and Northern Spirits IPO.

IPO Details

Mahip Industries IPO is a SME Fixed Price IPO proposed to list at BSE SME while Northern Spirits IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Mahip Industries IPO is up to ₹15.80 Cr whereas the issue size of the Northern Spirits IPO is up to ₹17.57 Cr. The final issue price of Mahip Industries IPO is ₹32.00 per share and of Northern Spirits IPO is ₹43.00 per share.

 Mahip Industries IPONorthern Spirits IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹32.00 per share₹43.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size4000 shares3000 shares
Fresh Issue Size49,36,000 shares40,86,000 shares
Fresh Issue Size (Amount)up to ₹15.80 Crup to ₹17.57 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total49,36,000 shares40,86,000 shares
Issue Size Total (Amount)up to ₹15.80 Crup to ₹17.57 Cr

IPO Timetable

Mahip Industries IPO opens on Feb 26, 2019, while Northern Spirits IPO opens on Mar 22, 2019. The closing date of Mahip Industries IPO and Northern Spirits IPO is Mar 01, 2019, and Mar 27, 2019, respectively.

 Mahip Industries IPONorthern Spirits IPO
Issue OpenFeb 26, 2019Mar 22, 2019
Issue CloseMar 01, 2019Mar 27, 2019
Listing date (Tentative)Mar 12, 2019Apr 04, 2019

Financials & KPIs

Mahip Industries IPO P/E ratio is , as compared to Northern Spirits IPO P/E ratio of .

 Mahip Industries IPONorthern Spirits IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Aug 201831 Mar 201831 Mar 201731 Mar 2016
Assets68.8466.3953.3853.81
Total Income64.72140.78107.83104.40
Profit After Tax2.544.291.221.12
NET Worth25.1522.6115.7714.68
Reserves and Surplus11.1015.5814.6713.43
Total Borrowing33.6736.4232.8234.42
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 201831 Mar 201831 Mar 201731 Mar 2016
Assets76.9320.4112.557.84
Total Income48.6625.8917.363.40
Profit After Tax2.751.010.53-0.51
NET Worth0.000.000.000.00
Reserves and Surplus21.934.971.160.63
Total Borrowing0.000.000.000.00
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)89.6%91.49%
Promoter Shareholding (Post-Issue)65.4%66.97%
Market Cap₹61.57 Cr.₹69.02 Cr.

Shares Offered

In the Mahip Industries IPO Retail Individual Investors (RII) are offered 24,68,000 shares while in Northern Spirits IPO retail investors are offered 24,68,000 shares. Qualified Institutional Buyers (QIB) are offered in Mahip Industries IPO and in Northern Spirits IPO.

 Mahip Industries IPONorthern Spirits IPO
Market Maker Reservation2,60,000 shares2,16,000 shares
NII24,68,000 shares20,43,000 shares
RII24,68,000 shares20,43,000 shares
Total49,36,000 shares40,86,000 shares

Bids Received (Subscription)

Mahip Industries IPO subscribed 1.54x in total, whereas Northern Spirits IPO subscribed 1.30x.

 Mahip Industries IPONorthern Spirits IPO
NII (times)1.53x1.83x
RII (times)1.54x0.78x
Total (times)1.54x1.30x

Compare with others

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Mahip Industries IPO Vs Northern Spirits IPO