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Master Components IPO vs Sunita Tools IPO

Comparison between Master Components IPO and Sunita Tools IPO.

IPO Details

Master Components IPO is a SME Fixed Price IPO proposed to list at NSE SME while Sunita Tools IPO is a SME Fixed Price proposed to list at BSE SME.

 Master Components IPOSunita Tools IPO
LogoMaster Components IPO LogoSunita Tools IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersAryaman Financial Services Ltd.Aryaman Financial Services Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerAryaman Capital Markets Ltd.SS Corporate Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Master Components IPO is up to ₹14.64 Cr whereas the issue size of the Sunita Tools IPO is up to ₹20.91 Cr. The final issue price of Master Components IPO is ₹140.00 per share and of Sunita Tools IPO is ₹145.00 per share.

 Master Components IPOSunita Tools IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹140.00 per share₹145.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares1000 shares
Fresh Issue Size6,44,000 shares12,42,000 shares
Fresh Issue Size (Amount)up to ₹9.02 Crup to ₹18.01 Cr
OFS Issue Size4,02,000 shares2,00,000 shares
OFS Issue Size (Amount)up to ₹5.63 Crup to ₹2.90 Cr
Issue Size Total10,46,000 shares14,42,000 shares
Issue Size Total (Amount)up to ₹14.64 Crup to ₹20.91 Cr

IPO Timetable

Master Components IPO opens on Sep 18, 2023, while Sunita Tools IPO opens on Sep 26, 2023. The closing date of Master Components IPO and Sunita Tools IPO is Sep 21, 2023, and Oct 03, 2023, respectively.

 Master Components IPOSunita Tools IPO
Anchor Bid Date
Issue OpenSep 18, 2023Sep 26, 2023
Issue CloseSep 21, 2023Oct 03, 2023
Basis Of Allotment (Tentative)Sep 26, 2023Oct 04, 2023
Initiation of Refunds (Tentative)Sep 27, 2023Oct 05, 2023
Credit of Share (Tentative)Sep 28, 2023Oct 06, 2023
Listing date (Tentative)Sep 29, 2023Oct 11, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Master Components IPO P/E ratio is 27.09, as compared to Sunita Tools IPO P/E ratio of 16.88.

 Master Components IPOSunita Tools IPO
Financials
Master Components IPO Financial Information (Restated)
Period Ended31 Mar 202031 Mar 202131 Mar 202231 Mar 2023
Assets1,460.931,419.091,485.241,659.17
Total Income1,535.681,327.721,842.502,090.03
Profit After Tax132.2276.1493.73170.54
Net Worth824.90901.04994.771,165.31
Reserves and Surplus794.90871.04964.77835.31
Total Borrowing376.54216.29173.3393.96
Amount in ₹ Lakhs
Sunita Tools IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets1,351.821,422.662,537.71
Total Income691.50888.881,417.33
Profit After Tax26.6680.99337.71
Net Worth-348.02-267.02320.69
Reserves and Surplus-528.52-447.52-109.81
Total Borrowing1,334.631,249.161,659.96
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.00100.00
Promoter Shareholding (Post-Issue)72.4172.97
P/E Ratio27.0916.88
Market Cap₹56.00 Cr.₹81.56 Cr.
ROE59.68%12.59
ROCE59.24%0.38
Debt/Equity0.085.17
EPS₹5.17₹13.96
RoNW14.63%105.31%

Shares Offered

In the Master Components IPO Retail Individual Investors (RII) are offered 5,23,000 shares while in Sunita Tools IPO retail investors are offered 5,23,000 shares. Qualified Institutional Buyers (QIB) are offered in Master Components IPO and in Sunita Tools IPO.

 Master Components IPOSunita Tools IPO
Anchor Investor Reserveration
Market Maker Reserveration56,000 shares78,000 shares
QIB
NII5,23,000 shares7,21,000 shares
RII5,23,000 shares7,21,000 shares
Employee
Others
Total10,46,000 shares14,42,000 shares

Bids Received (Subscription)

Master Components IPO subscribed 8.20x in total, whereas Sunita Tools IPO subscribed 13.24x.

 Master Components IPOSunita Tools IPO
QIB (times)
NII (times)5.89x5.27x
Big NII (times)
Small NII (times)
RII (times)10.11x21.10x
Employee (times)
Other (times)
Total (times)8.20x13.24x