Maxposure IPO vs Shree Marutinandan Tubes IPO

Comparison between Maxposure IPO and Shree Marutinandan Tubes IPO.

IPO Details

Maxposure IPO is a SME Fixed Price IPO proposed to list at NSE SME while Shree Marutinandan Tubes IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Maxposure IPO is up to ₹19.03 Cr whereas the issue size of the Shree Marutinandan Tubes IPO is up to ₹13.59 Cr. The final issue price of Maxposure IPO is ₹33.00 per share and of Shree Marutinandan Tubes IPO is ₹143.00 per share.

 Maxposure IPOShree Marutinandan Tubes IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹31.00 per share
Issue Price (Upper)₹33.00 per share
Issue Price (Final)₹33.00 per share₹143.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size4000 shares1000 shares
Fresh Issue Size57,68,000 shares9,50,000 shares
Fresh Issue Size (Amount)up to ₹19.03 Crup to ₹13.59 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total57,68,000 shares9,50,000 shares
Issue Size Total (Amount)up to ₹19.03 Crup to ₹13.59 Cr

IPO Timetable

Maxposure IPO opens on Jan 15, 2024, while Shree Marutinandan Tubes IPO opens on Jan 12, 2024. The closing date of Maxposure IPO and Shree Marutinandan Tubes IPO is Jan 17, 2024, and Jan 16, 2024, respectively.

 Maxposure IPOShree Marutinandan Tubes IPO
Anchor Bid DateJan 12, 2024
Issue OpenJan 15, 2024Jan 12, 2024
Issue CloseJan 17, 2024Jan 16, 2024
Basis Of Allotment (Tentative)Jan 18, 2024Jan 17, 2024
Initiation of Refunds (Tentative)Jan 19, 2024Jan 18, 2024
Credit of Share (Tentative)Jan 19, 2024Jan 18, 2024
Listing date (Tentative)Jan 23, 2024Jan 19, 2024
Anchor Lockin End date 1Feb 17, 2024
Anchor Lockin End date 2Apr 17, 2024

Financials & KPIs

Maxposure IPO P/E ratio is 12.42, as compared to Shree Marutinandan Tubes IPO P/E ratio of 17.44.

 Maxposure IPOShree Marutinandan Tubes IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets53.5548.7944.8540.10
Total Income20.5933.5633.2122.47
Profit After Tax3.714.410.350.36
NET Worth34.7831.1426.6626.31
Reserves and Surplus31.4627.7523.3422.99
Total Borrowing4.623.342.944.19
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets22.3416.1812.8513.01
Total Income42.8547.2347.1835.97
Profit After Tax1.422.020.060.13
NET Worth4.102.680.660.60
Reserves and Surplus1.642.470.450.39
Total Borrowing6.077.176.897.95
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)84.3582.00
Promoter Shareholding (Post-Issue)61.5858.30
P/E Ratio12.4217.44
Market Cap₹75.05 Cr.₹49.48 Cr.
ROE14.39%120.91%
ROCE19.55%78.52%
Debt/Equity0.032.68
EPS₹2.66₹8.20
RoNW14.20%75.36%

Shares Offered

In the Maxposure IPO Retail Individual Investors (RII) are offered 20,48,000 shares while in Shree Marutinandan Tubes IPO retail investors are offered 20,48,000 shares. Qualified Institutional Buyers (QIB) are offered 11,40,000 shares in Maxposure IPO and in Shree Marutinandan Tubes IPO.

 Maxposure IPOShree Marutinandan Tubes IPO
Anchor Investor Reservation17,00,000 shares
Market Maker Reservation3,72,000 shares50,000 shares
QIB11,40,000 shares
NII8,80,000 shares4,75,000 shares
RII20,48,000 shares4,75,000 shares
Employee
Others
Total57,68,000 shares9,50,000 shares

Bids Received (Subscription)

Maxposure IPO subscribed 987.47x in total, whereas Shree Marutinandan Tubes IPO subscribed 47.16x.

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