Comparison between Maiden Forgings IPO and Sancode Technologies IPO.
IPO Details
Maiden Forgings IPO is a SME Fixed Price IPO proposed to list at BSE SME while Sancode Technologies IPO is a SME Fixed Price proposed to list at BSE SME.
Issue Size and Price
The total issue size of Maiden Forgings IPO is up to ₹22.64 Cr whereas the issue size of the Sancode Technologies IPO is up to ₹4.88 Cr. The final issue price of Maiden Forgings IPO is ₹63.00 per share and of Sancode Technologies IPO is ₹47.00 per share.
IPO Timetable
Maiden Forgings IPO opens on Mar 23, 2023, while Sancode Technologies IPO opens on Mar 31, 2023. The closing date of Maiden Forgings IPO and Sancode Technologies IPO is Mar 27, 2023, and Apr 06, 2023, respectively.
| | Maiden Forgings IPO | Sancode Technologies IPO |
|---|
| Issue Open | Mar 23, 2023 | Mar 31, 2023 |
| Issue Close | Mar 27, 2023 | Apr 06, 2023 |
| Basis Of Allotment (Tentative) | Mar 31, 2023 | Apr 12, 2023 |
| Initiation of Refunds (Tentative) | Apr 03, 2023 | Apr 13, 2023 |
| Credit of Share (Tentative) | Apr 05, 2023 | Apr 17, 2023 |
| Listing date (Tentative) | Apr 06, 2023 | Apr 18, 2023 |
Financials & KPIs
Maiden Forgings IPO P/E ratio is 8.38, as compared to Sancode Technologies IPO P/E ratio of 10.71.
Shares Offered
In the Maiden Forgings IPO Retail Individual Investors (RII) are offered 22,64,000 shares while in Sancode Technologies IPO retail investors are offered 22,64,000 shares. Qualified Institutional Buyers (QIB) are offered 3,60,000 shares in Maiden Forgings IPO and in Sancode Technologies IPO.
| | Maiden Forgings IPO | Sancode Technologies IPO |
|---|
| Market Maker Reservation | 1,90,000 shares | 57,000 shares |
| QIB | 3,60,000 shares | |
| NII | 9,70,000 shares | 5,19,000 shares |
| RII | 22,64,000 shares | 5,19,000 shares |
| Total | 35,94,000 shares | 10,38,000 shares |
Bids Received (Subscription)
Maiden Forgings IPO subscribed 1.27x in total, whereas Sancode Technologies IPO subscribed 3.68x.
