Nirman Agri Genetics IPO vs Prospect Commodities IPO

Comparison between Nirman Agri Genetics IPO and Prospect Commodities IPO.

IPO Details

Nirman Agri Genetics IPO is a SME Fixed Price IPO proposed to list at NSE SME while Prospect Commodities IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Nirman Agri Genetics IPO is up to ₹19.27 Cr whereas the issue size of the Prospect Commodities IPO is up to ₹7.10 Cr. The final issue price of Nirman Agri Genetics IPO is ₹99.00 per share and of Prospect Commodities IPO is ₹61.00 per share.

 Nirman Agri Genetics IPOProspect Commodities IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹99.00 per share₹61.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1200 shares2000 shares
Fresh Issue Size19,46,400 shares11,64,000 shares
Fresh Issue Size (Amount)up to ₹19.27 Crup to ₹7.10 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total19,46,400 shares11,64,000 shares
Issue Size Total (Amount)up to ₹19.27 Crup to ₹7.10 Cr

IPO Timetable

Nirman Agri Genetics IPO opens on Mar 15, 2023, while Prospect Commodities IPO opens on Mar 08, 2023. The closing date of Nirman Agri Genetics IPO and Prospect Commodities IPO is Mar 20, 2023, and Mar 13, 2023, respectively.

 Nirman Agri Genetics IPOProspect Commodities IPO
Issue OpenMar 15, 2023Mar 08, 2023
Issue CloseMar 20, 2023Mar 13, 2023
Basis Of Allotment (Tentative)Mar 23, 2023Mar 16, 2023
Initiation of Refunds (Tentative)Mar 24, 2023Mar 17, 2023
Credit of Share (Tentative)Mar 27, 2023Mar 20, 2023
Listing date (Tentative)Mar 28, 2023Mar 20, 2023

Financials & KPIs

Nirman Agri Genetics IPO P/E ratio is 14.93, as compared to Prospect Commodities IPO P/E ratio of 31.44.

 Nirman Agri Genetics IPOProspect Commodities IPO
Financials

Company Financials (Restated)

Period Ended31 Oct 202231 Mar 202231 Mar 2021
Assets9.165.961.64
Total Income18.0413.493.82
Profit After Tax2.302.560.05
NET Worth4.482.640.06
Total Borrowing1.711.250.99
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended30 Nov 202231 Mar 2022
Assets9.770.01
Total Income8.400.00
Profit After Tax0.53-0.00
NET Worth2.940.01
Reserves and Surplus0.53-0.00
Total Borrowing3.640.00
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.99%88.44%
Promoter Shareholding (Post-Issue)65.59%61.94%
P/E Ratio14.9331.44
Market Cap₹59.01 Cr.₹24.95 Cr.
ROE96.83-17.65
ROCE65.83-17.65
Debt/Equity0.47
EPS₹10.00
RoNW96.83

Shares Offered

In the Nirman Agri Genetics IPO Retail Individual Investors (RII) are offered 9,73,200 shares while in Prospect Commodities IPO retail investors are offered 9,73,200 shares. Qualified Institutional Buyers (QIB) are offered in Nirman Agri Genetics IPO and in Prospect Commodities IPO.

 Nirman Agri Genetics IPOProspect Commodities IPO
Market Maker Reservation1,04,400 shares62,000 shares
NII9,73,200 shares5,82,000 shares
RII9,73,200 shares5,82,000 shares
Total19,46,400 shares11,64,000 shares

Bids Received (Subscription)

Nirman Agri Genetics IPO subscribed 1.71x in total, whereas Prospect Commodities IPO subscribed 5.31x.

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