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Mayank Cattle Food IPO vs Rudra Gas Enterprise IPO

Comparison between Mayank Cattle Food IPO and Rudra Gas Enterprise IPO.

IPO Details

Mayank Cattle Food IPO is a SME Fixed Price IPO proposed to list at BSE SME while Rudra Gas Enterprise IPO is a SME Fixed Price proposed to list at BSE SME.

 Mayank Cattle Food IPORudra Gas Enterprise IPO
LogoMayank Cattle Food IPO LogoRudra Gas Enterprise IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersFinshore Management Services Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarCameo Corporate Services Ltd.MUFG Intime India Pvt.Ltd.
Market MakerRikhav Securities Ltd.Spread X Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Mayank Cattle Food IPO is up to ₹18.47 Cr whereas the issue size of the Rudra Gas Enterprise IPO is up to ₹13.43 Cr. The final issue price of Mayank Cattle Food IPO is ₹108.00 per share and of Rudra Gas Enterprise IPO is ₹63.00 per share.

 Mayank Cattle Food IPORudra Gas Enterprise IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹108.00 per share₹63.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares2000 shares
Fresh Issue Size17,10,000 shares21,32,000 shares
Fresh Issue Size (Amount)up to ₹18.47 Crup to ₹13.43 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total17,10,000 shares21,32,000 shares
Issue Size Total (Amount)up to ₹18.47 Crup to ₹13.43 Cr

IPO Timetable

Mayank Cattle Food IPO opens on Jan 29, 2024, while Rudra Gas Enterprise IPO opens on Feb 08, 2024. The closing date of Mayank Cattle Food IPO and Rudra Gas Enterprise IPO is Jan 31, 2024, and Feb 12, 2024, respectively.

 Mayank Cattle Food IPORudra Gas Enterprise IPO
Anchor Bid Date
Issue OpenJan 29, 2024Feb 08, 2024
Issue CloseJan 31, 2024Feb 12, 2024
Basis Of Allotment (Tentative)Feb 01, 2024Feb 13, 2024
Initiation of Refunds (Tentative)Feb 02, 2024Feb 14, 2024
Credit of Share (Tentative)Feb 02, 2024Feb 14, 2024
Listing date (Tentative)Feb 05, 2024Feb 15, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Mayank Cattle Food IPO P/E ratio is 29.58, as compared to Rudra Gas Enterprise IPO P/E ratio of 10.9.

 Mayank Cattle Food IPORudra Gas Enterprise IPO
Financials

Mayank Cattle Food Limited Financial Information (Restated)

Mayank Cattle Food Limited's revenue decreased by -4.15% and profit after tax (PAT) rose by 64.45% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Jul 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,122.444,893.644,163.853,433.62
Total Income7,527.1530,958.1432,300.1718,652.89
Profit After Tax57.37131.4379.9271.81
Net Worth533.37475.99344.56264.63
Reserves and Surplus173.37455.99324.56244.63
Total Borrowing3,788.353,961.003,163.532,531.49
Amount in ₹ Lakhs

Rudra Gas Enterprise Limited Financial Information (Restated Standalone)

Rudra Gas Enterprise Limited's revenue increased by 12.76% and profit after tax (PAT) rose by 96.21% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Oct 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,345.393,380.562,804.921,960.50
Total Income3,446.814,957.024,395.952,816.96
Profit After Tax247.41352.02179.41127.05
Net Worth1,149.10798.50446.48267.07
Reserves and Surplus540.10773.50421.48242.07
Total Borrowing1,990.151,738.341,379.981,008.22
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)97.5099.99
Promoter Shareholding (Post-Issue)65.0073.03
P/E Ratio29.5810.9
Market Cap₹58.32 Cr.₹52.53 Cr.
ROE32%57%
ROCE11.27%25%
Debt/Equity9.132.18
EPS₹3.65₹5.78
RoNW27.61%44.09%

Shares Offered

In the Mayank Cattle Food IPO Retail Individual Investors (RII) are offered 8,55,600 shares while in Rudra Gas Enterprise IPO retail investors are offered 8,55,600 shares. Qualified Institutional Buyers (QIB) are offered in Mayank Cattle Food IPO and in Rudra Gas Enterprise IPO.

 Mayank Cattle Food IPORudra Gas Enterprise IPO
Anchor Investor Reserveration
Market Maker Reserveration90,000 shares1,16,000 shares
QIB
NII8,54,400 shares10,66,000 shares
RII8,55,600 shares10,66,000 shares
Employee
Others
Total17,10,000 shares21,32,000 shares

Bids Received (Subscription)

Mayank Cattle Food IPO subscribed 8.83x in total, whereas Rudra Gas Enterprise IPO subscribed 350.75x.

 Mayank Cattle Food IPORudra Gas Enterprise IPO
QIB (times)
NII (times)5.90x286.62x
Big NII (times)
Small NII (times)
RII (times)11.77x404.38x
Employee (times)
Other (times)
Total (times)8.83x350.75x