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M.V.K.Agro Food Product IPO vs Sona Machinery IPO

Comparison between M.V.K.Agro Food Product IPO and Sona Machinery IPO.

IPO Details

M.V.K.Agro Food Product IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Sona Machinery IPO is a SME Bookbuilding proposed to list at NSE SME.

 M.V.K.Agro Food Product IPOSona Machinery IPO
LogoM.V.K.Agro Food Product IPO LogoSona Machinery IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersHorizon Management Pvt.Ltd.Hem Securities Ltd.
RegistrarMAS Services Ltd.Maashitla Securities Pvt.Ltd.
Market MakerNikunj Stock Brokers Ltd.Hem Finlease Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of M.V.K.Agro Food Product IPO is up to ₹62.58 Cr whereas the issue size of the Sona Machinery IPO is up to ₹49.22 Cr. The final issue price of M.V.K.Agro Food Product IPO is ₹120.00 per share and of Sona Machinery IPO is ₹143.00 per share.

 M.V.K.Agro Food Product IPOSona Machinery IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹136.00 per share
Issue Price (Upper)₹143.00 per share
Issue Price (Final)₹120.00 per share₹143.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares1000 shares
Fresh Issue Size52,15,200 shares34,42,000 shares
Fresh Issue Size (Amount)up to ₹62.58 Crup to ₹49.22 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total52,15,200 shares34,42,000 shares
Issue Size Total (Amount)up to ₹62.58 Crup to ₹49.22 Cr

IPO Timetable

M.V.K.Agro Food Product IPO opens on Feb 29, 2024, while Sona Machinery IPO opens on Mar 05, 2024. The closing date of M.V.K.Agro Food Product IPO and Sona Machinery IPO is Mar 04, 2024, and Mar 07, 2024, respectively.

 M.V.K.Agro Food Product IPOSona Machinery IPO
Anchor Bid DateMar 04, 2024
Issue OpenFeb 29, 2024Mar 05, 2024
Issue CloseMar 04, 2024Mar 07, 2024
Basis Of Allotment (Tentative)Mar 05, 2024Mar 11, 2024
Initiation of Refunds (Tentative)Mar 06, 2024Mar 12, 2024
Credit of Share (Tentative)Mar 06, 2024Mar 12, 2024
Listing date (Tentative)Mar 07, 2024Mar 13, 2024
Anchor Lockin End date 1Apr 10, 2024
Anchor Lockin End date 2Jun 09, 2024

Financials & KPIs

M.V.K.Agro Food Product IPO P/E ratio is 31.79, as compared to Sona Machinery IPO P/E ratio of 18.8.

 M.V.K.Agro Food Product IPOSona Machinery IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets148.04154.72116.02114.46
Total Income60.4493.94132.6425.83
Profit After Tax4.303.773.201.40
NET Worth17.6813.389.606.40
Reserves and Surplus12.688.384.601.40
Total Borrowing62.8191.5660.0174.96
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended30 Nov 202331 Mar 202331 Mar 202231 Mar 2021
Assets42.1128.5815.177.32
Total Income62.8881.1844.536.06
Profit After Tax6.487.683.260.28
NET Worth17.8011.323.640.38
Reserves and Surplus7.7011.223.540.28
Total Borrowing1.132.532.37
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.00100.00
Promoter Shareholding (Post-Issue)64.5673.59
P/E Ratio31.7918.8
Market Cap₹185.88 Cr.₹196.25 Cr.
ROE32.85%44.49%
ROCE13.44%46.61%
Debt/Equity6.840.06
EPS₹3.77₹7.61
RoNW32.85%36.39%

Shares Offered

In the M.V.K.Agro Food Product IPO Retail Individual Investors (RII) are offered 26,07,600 shares while in Sona Machinery IPO retail investors are offered 26,07,600 shares. Qualified Institutional Buyers (QIB) are offered in M.V.K.Agro Food Product IPO and 6,88,000 shares in Sona Machinery IPO.

 M.V.K.Agro Food Product IPOSona Machinery IPO
Anchor Investor Reservation10,32,000 shares
Market Maker Reservation2,74,800 shares1,82,000 shares
QIB6,88,000 shares
NII26,07,600 shares5,17,000 shares
RII26,07,600 shares12,05,000 shares
Employee
Others
Total52,15,200 shares34,42,000 shares

Bids Received (Subscription)

M.V.K.Agro Food Product IPO subscribed 8.46x in total, whereas Sona Machinery IPO subscribed 273.50x.

 M.V.K.Agro Food Product IPOSona Machinery IPO
QIB (times)129.72x
NII (times)3.90x554.42x
Big NII (times)
Small NII (times)
RII (times)13.01x235.06x
Employee (times)
Other (times)
Total (times)8.46x273.50x

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Compare:

M.V.K.Agro Food Product IPO Vs Sona Machinery IPO