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Milestone Furniture IPO vs SoftTech Engineers IPO

Comparison between Milestone Furniture IPO and SoftTech Engineers IPO.

IPO Details

Milestone Furniture IPO is a SME Bookbuilding IPO proposed to list at BSE SME while SoftTech Engineers IPO is a SME Bookbuilding proposed to list at NSE SME.

 Milestone Furniture IPOSoftTech Engineers IPO
LogoMilestone Furniture IPO LogoSoftTech Engineers IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersMonarch Networth Capital Ltd.Small Industries Development Bank of India
RegistrarKfin Technologies Ltd.MUFG Intime India Pvt.Ltd.
Market MakerMonarch Networth Capital Ltd.Pantomath Stock Brokers 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 Milestone Furniture IPO is up to ₹14.09 Cr whereas the issue size of the SoftTech Engineers IPO is up to ₹21.66 Cr. The final issue price of Milestone Furniture IPO is ₹45.00 per share and of SoftTech Engineers IPO is ₹80.00 per share.

 Milestone Furniture IPOSoftTech Engineers IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹78.00 per share
Issue Price (Upper)₹80.00 per share
Issue Price (Final)₹45.00 per share₹80.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares1600 shares
Fresh Issue Size31,32,000 shares22,27,200 shares
Fresh Issue Size (Amount)up to ₹14.09 Crup to ₹17.82 Cr
OFS Issue Size0 shares4,80,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹3.84 Cr
Issue Size Total31,32,000 shares27,07,200 shares
Issue Size Total (Amount)up to ₹14.09 Crup to ₹21.66 Cr

IPO Timetable

Milestone Furniture IPO opens on May 07, 2018, while SoftTech Engineers IPO opens on Apr 27, 2018. The closing date of Milestone Furniture IPO and SoftTech Engineers IPO is May 11, 2018, and May 03, 2018, respectively.

 Milestone Furniture IPOSoftTech Engineers IPO
Anchor Bid Date
Issue OpenMay 07, 2018Apr 27, 2018
Issue CloseMay 11, 2018May 03, 2018
Basis Of Allotment (Tentative)May 16, 2018
Initiation of Refunds (Tentative)May 17, 2018
Credit of Share (Tentative)May 18, 2018
Listing date (Tentative)May 21, 2018May 11, 2018
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Milestone Furniture IPO P/E ratio is , as compared to SoftTech Engineers IPO P/E ratio of .

 Milestone Furniture IPOSoftTech Engineers IPO
Financials
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 53,160,563 23,014,900 21,710,118 8,257,681
Total Revenue 89,467,999 55,175,651 33,229,409 3,787,759
Profit After Tax 3,247,677 1,989,136 542,472 343,186
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lacs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 6,033.78 5,722.58 4,008.32 3,429.94 2,012.87
Total Revenue 4,711.63 4,432.53 3,594.36 2,567.60 2,195.63
Profit After Tax 615.96 361.77 212.29 254.14 97.82
Promoter Shareholding (Pre-Issue)
Promoter Shareholding (Post-Issue)
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Milestone Furniture IPO Retail Individual Investors (RII) are offered 15,66,000 shares while in SoftTech Engineers IPO retail investors are offered 15,66,000 shares. Qualified Institutional Buyers (QIB) are offered in Milestone Furniture IPO and 13,52,000 shares in SoftTech Engineers IPO.

 Milestone Furniture IPOSoftTech Engineers IPO
Anchor Investor Reserveration
Market Maker Reserveration1,65,000 shares1,44,000 shares
QIB13,52,000 shares
NII15,66,000 shares4,06,400 shares
RII15,66,000 shares9,48,800 shares
Employee
Others
Total31,32,000 shares27,07,200 shares

Bids Received (Subscription)

Milestone Furniture IPO subscribed 2.13x in total, whereas SoftTech Engineers IPO subscribed 30.82x.

 Milestone Furniture IPOSoftTech Engineers IPO
QIB (times)
NII (times)0.82x31.21x
Big NII (times)
Small NII (times)
RII (times)3.45x28.94x
Employee (times)
Other (times)
Total (times)2.13x30.82x