Meera Industries FPO vs Suich Industries IPO

Comparison between Meera Industries FPO and Suich Industries IPO.

IPO Details

Meera Industries FPO is a SME Bookbuilding IPO proposed to list at BSE SME while Suich Industries IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of Meera Industries FPO is up to ₹11.07 Cr whereas the issue size of the Suich Industries IPO is up to ₹29.30 Cr. The final issue price of Meera Industries FPO is ₹225.00 per share and of Suich Industries IPO is ₹75.00 per share.

 Meera Industries FPOSuich Industries IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹73.00 per share
Issue Price (Upper)₹75.00 per share
Issue Price (Final)₹225.00 per share₹75.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size500 shares1600 shares
Fresh Issue Size4,92,000 shares39,07,200 shares
Fresh Issue Size (Amount)up to ₹11.07 Crup to ₹29.30 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total4,92,000 shares39,07,200 shares
Issue Size Total (Amount)up to ₹11.07 Crup to ₹29.30 Cr

IPO Timetable

Meera Industries FPO opens on Jun 13, 2019, while Suich Industries IPO opens on May 30, 2019. The closing date of Meera Industries FPO and Suich Industries IPO is Jun 18, 2019, and Jun 04, 2019, respectively.

 Meera Industries FPOSuich Industries IPO
Issue OpenJun 13, 2019May 30, 2019
Issue CloseJun 18, 2019Jun 04, 2019
Basis Of Allotment (Tentative)Jun 21, 2019Jun 10, 2019
Initiation of Refunds (Tentative)Jun 24, 2019Jun 11, 2019
Credit of Share (Tentative)Jun 25, 2019Jun 12, 2019
Listing date (Tentative)Jun 26, 2019Jun 13, 2019

Financials & KPIs

Meera Industries FPO P/E ratio is , as compared to Suich Industries IPO P/E ratio of .

 Meera Industries FPOSuich Industries IPO
Financials

Company Financials (Restated)

Period Ended31 Jan 201731 Mar 201631 Mar 201531 Mar 2014
Assets8.156.074.954.49
Total Income11.378.188.017.52
Profit After Tax0.960.490.230.16
NET Worth4.143.182.692.46
Reserves and Surplus1.372.081.581.35
Total Borrowing0.010.080.11
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Dec 201831 Mar 201831 Mar 201731 Mar 2016
Assets114.18140.4272.7178.96
Total Income140.16202.79144.37106.58
Profit After Tax11.487.435.333.01
EBITDA19.3216.1513.189.96
NET Worth51.7340.2732.8527.52
Reserves and Surplus40.6029.1421.7216.39
Total Borrowing34.4438.4428.2227.31
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)98.14%95.5%
Promoter Shareholding (Post-Issue)71.15%69.72%
Market Cap₹88.37 Cr.₹114.33 Cr.

Shares Offered

In the Meera Industries FPO Retail Individual Investors (RII) are offered 2,46,000 shares while in Suich Industries IPO retail investors are offered 2,46,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Meera Industries FPO and in Suich Industries IPO.

 Meera Industries FPOSuich Industries IPO
Anchor Investor Reservation0 shares
Market Maker Reservation30,000 shares2,08,000 shares
QIB0 shares
NII2,46,000 shares19,52,000 shares
RII2,46,000 shares19,55,200 shares
Employee0 shares
Total4,92,000 shares39,07,200 shares

Bids Received (Subscription)

Meera Industries FPO subscribed 1.16x in total, whereas Suich Industries IPO subscribed 1.39x.

 Meera Industries FPOSuich Industries IPO
NII (times)1.99x1.32x
RII (times)0.33x1.47x
Total (times)1.16x1.39x

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