Mukka Proteins IPO vs Suraj Estate Developers IPO

Comparison between Mukka Proteins IPO and Suraj Estate Developers IPO.

IPO Details

Mukka Proteins IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Suraj Estate Developers IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Mukka Proteins IPO is up to ₹224.00 Cr whereas the issue size of the Suraj Estate Developers IPO is up to ₹400.00 Cr. The final issue price of Mukka Proteins IPO is ₹28.00 per share and of Suraj Estate Developers IPO is ₹360.00 per share.

 Mukka Proteins IPOSuraj Estate Developers IPO
Face Value₹1 per share₹5 per share
Issue Price (Lower)₹26.00 per share₹340.00 per share
Issue Price (Upper)₹28.00 per share₹360.00 per share
Issue Price (Final)₹28.00 per share₹360.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size535 shares41 shares
Fresh Issue Size8,00,00,000 shares1,11,11,111 shares
Fresh Issue Size (Amount)up to ₹224.00 Crup to ₹400.00 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total8,00,00,000 shares1,11,11,111 shares
Issue Size Total (Amount)up to ₹224.00 Crup to ₹400.00 Cr

IPO Timetable

Mukka Proteins IPO opens on Feb 29, 2024, while Suraj Estate Developers IPO opens on Dec 18, 2023. The closing date of Mukka Proteins IPO and Suraj Estate Developers IPO is Mar 04, 2024, and Dec 20, 2023, respectively.

 Mukka Proteins IPOSuraj Estate Developers IPO
Anchor Bid DateFeb 28, 2024Dec 15, 2023
Issue OpenFeb 29, 2024Dec 18, 2023
Issue CloseMar 04, 2024Dec 20, 2023
Basis Of Allotment (Tentative)Mar 05, 2024Dec 21, 2023
Initiation of Refunds (Tentative)Mar 06, 2024Dec 22, 2023
Credit of Share (Tentative)Mar 06, 2024Dec 22, 2023
Listing date (Tentative)Mar 07, 2024Dec 26, 2023
Anchor Lockin End date 1Apr 04, 2024Jan 20, 2024
Anchor Lockin End date 2Jun 03, 2024Mar 20, 2024

Financials & KPIs

Mukka Proteins IPO P/E ratio is 12.96, as compared to Suraj Estate Developers IPO P/E ratio of 35.64.

 Mukka Proteins IPOSuraj Estate Developers IPO
Financials

Company Financials (Restated Consolidated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets641.18575.16392.30353.93
Total Income612.881,183.80776.15609.95
Profit After Tax32.9847.5325.8211.01
NET Worth159.11128.9287.2564.54
Reserves and Surplus144.92112.5768.5160.80
Total Borrowing317.73254.83173.50159.19
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets994.73942.58864.00792.00
Total Income102.81307.89273.91244.00
Profit After Tax14.5332.0626.506.28
NET Worth86.1171.3939.1629.15
Reserves and Surplus70.2955.4823.3222.94
Total Borrowing598.50593.09638.16600.48
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100100
Promoter Shareholding (Post-Issue)74.95
P/E Ratio12.9635.64
Market Cap₹840.00 Cr.₹1597.00 Cr.
ROE36.71%58.18%
ROCE17.62%21.93%
Debt/Equity1.648.31
EPS₹2.16₹10.10
RoNW34.19%58.18%

Shares Offered

In the Mukka Proteins IPO Retail Individual Investors (RII) are offered 2,80,00,000 shares while in Suraj Estate Developers IPO retail investors are offered 2,80,00,000 shares. Qualified Institutional Buyers (QIB) are offered 1,60,00,435 shares in Mukka Proteins IPO and 22,22,222 shares in Suraj Estate Developers IPO.

 Mukka Proteins IPOSuraj Estate Developers IPO
Anchor Investor Reservation2,39,99,565 shares33,33,333 shares
Market Maker Reservation
QIB1,60,00,435 shares22,22,222 shares
NII1,20,00,000 shares16,66,667 shares
RII2,80,00,000 shares38,88,889 shares
Employee
Others
Total8,00,00,000 shares1,11,11,111 shares

Bids Received (Subscription)

Mukka Proteins IPO subscribed 136.99x in total, whereas Suraj Estate Developers IPO subscribed 16.57x.

 Mukka Proteins IPOSuraj Estate Developers IPO
QIB (times)189.28x25.74x
NII (times)250.39x20.02x
Big NII (times)254.15x18.37x
Small NII (times)242.86x23.31x
RII (times)58.52x9.85x
Employee (times)
Other (times)
Total (times)136.99x16.57x

Compare with others

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Mukka Proteins IPO Vs Suraj Estate Developers IPO