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Maitreya Medicare IPO vs Paragon Fine IPO

Comparison between Maitreya Medicare IPO and Paragon Fine IPO.

IPO Details

Maitreya Medicare IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Paragon Fine IPO is a SME Bookbuilding proposed to list at NSE SME.

 Maitreya Medicare IPOParagon Fine IPO
LogoMaitreya Medicare IPO LogoParagon Fine IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersGYR Capital Advisors Pvt.Ltd.Hem Securities Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerGiriraj Stock Broking Pvt.Ltd.Hem Finlease Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Maitreya Medicare IPO is up to ₹14.00 Cr whereas the issue size of the Paragon Fine IPO is up to ₹49.04 Cr. The final issue price of Maitreya Medicare IPO is ₹82.00 per share and of Paragon Fine IPO is ₹100.00 per share.

 Maitreya Medicare IPOParagon Fine IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹78.00 per share₹95.00 per share
Issue Price (Upper)₹82.00 per share₹100.00 per share
Issue Price (Final)₹82.00 per share₹100.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares1200 shares
Fresh Issue Size17,07,200 shares49,04,400 shares
Fresh Issue Size (Amount)up to ₹14.00 Crup to ₹49.04 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total17,07,200 shares49,04,400 shares
Issue Size Total (Amount)up to ₹14.00 Crup to ₹49.04 Cr

IPO Timetable

Maitreya Medicare IPO opens on Oct 27, 2023, while Paragon Fine IPO opens on Oct 26, 2023. The closing date of Maitreya Medicare IPO and Paragon Fine IPO is Nov 01, 2023, and Oct 30, 2023, respectively.

 Maitreya Medicare IPOParagon Fine IPO
Anchor Bid DateOct 26, 2023Oct 25, 2023
Issue OpenOct 27, 2023Oct 26, 2023
Issue CloseNov 01, 2023Oct 30, 2023
Basis Of Allotment (Tentative)Nov 06, 2023Nov 02, 2023
Initiation of Refunds (Tentative)Nov 07, 2023Nov 03, 2023
Credit of Share (Tentative)Nov 07, 2023Nov 06, 2023
Listing date (Tentative)Nov 07, 2023Nov 03, 2023
Anchor Lockin End date 1Dec 06, 2023Dec 02, 2023
Anchor Lockin End date 2Feb 04, 2024Jan 31, 2024

Financials & KPIs

Maitreya Medicare IPO P/E ratio is 10.34, as compared to Paragon Fine IPO P/E ratio of 14.56.

 Maitreya Medicare IPOParagon Fine IPO
Financials

Maitreya Medicare Limited Financial Information (Restated Consolidated)

Maitreya Medicare Limited's revenue decreased by -19.69% and profit after tax (PAT) rose by 271.95% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets3,122.312,749.892,448.792,527.23
Total Income2,484.513,994.914,974.415,704.44
Profit After Tax254.05422.65113.63424.34
Net Worth1,118.31864.26471.11386.22
Reserves and Surplus
Total Borrowing520.21585.12750.25919.05
Amount in ₹ Lakhs

Paragon Fine And Speciality Chemicals Limited Financial Information (Restated)

Paragon Fine And Speciality Chemicals Limited's revenue increased by 24.16% and profit after tax (PAT) rose by 120.3% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets7,412.197,097.845,750.534,983.26
Total Income2,900.4310,501.198,457.928,436.94
Profit After Tax362.16989.21449.02439.77
Net Worth2,595.672,233.521,244.31795.29
Reserves and Surplus2,235.671,873.521,234.31785.29
Total Borrowing2,709.672,521.032,068.162,193.00
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100100
Promoter Shareholding (Post-Issue)73.2073.60
P/E Ratio10.3414.56
Market Cap₹55.56 Cr.₹195.66 Cr.
ROE50.15%56.89%
ROCE42.71%38.86%
Debt/Equity
EPS₹7.93₹6.87
RoNW45.49%44.29

Shares Offered

In the Maitreya Medicare IPO Retail Individual Investors (RII) are offered 6,11,200 shares while in Paragon Fine IPO retail investors are offered 6,11,200 shares. Qualified Institutional Buyers (QIB) are offered 3,29,600 shares in Maitreya Medicare IPO and 9,81,600 shares in Paragon Fine IPO.

 Maitreya Medicare IPOParagon Fine IPO
Anchor Investor Reserveration4,94,400 shares14,70,000 shares
Market Maker Reserveration1,08,800 shares2,61,600 shares
QIB3,29,600 shares9,81,600 shares
NII2,72,000 shares7,35,600 shares
RII6,11,200 shares17,17,200 shares
Employee
Others
Total17,07,200 shares49,04,400 shares

Bids Received (Subscription)

Maitreya Medicare IPO subscribed 446.79x in total, whereas Paragon Fine IPO subscribed 205.74x.

 Maitreya Medicare IPOParagon Fine IPO
QIB (times)85.41x81.38x
NII (times)744.03x419.46x
Big NII (times)
Small NII (times)
RII (times)509.40x185.28x
Employee (times)
Other (times)
Total (times)446.79x205.74x