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Milestone Furniture IPO vs Suumaya Lifestyle IPO

Comparison between Milestone Furniture IPO and Suumaya Lifestyle IPO.

IPO Details

Milestone Furniture IPO is a SME Fixed Price IPO proposed to list at BSE SME while Suumaya Lifestyle IPO is a SME Fixed Price proposed to list at NSE SME.

 Milestone Furniture IPOSuumaya Lifestyle IPO
LogoMilestone Furniture IPO LogoSuumaya Lifestyle IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersMonarch Networth Capital Ltd.Gretex Corporate Services Ltd.
RegistrarKfin Technologies Ltd.Bigshare Services Pvt.Ltd.
Market MakerMonarch Networth Capital Ltd.NNM Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
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 Suumaya Lifestyle IPO is up to ₹13.13 Cr. The final issue price of Milestone Furniture IPO is ₹45.00 per share and of Suumaya Lifestyle IPO is ₹18.00 per share.

 Milestone Furniture IPOSuumaya Lifestyle IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹45.00 per share₹18.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size3000 shares8000 shares
Fresh Issue Size31,32,000 shares14,96,000 shares
Fresh Issue Size (Amount)up to ₹14.09 Crup to ₹2.69 Cr
OFS Issue Size0 shares58,00,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹10.44 Cr
Issue Size Total31,32,000 shares72,96,000 shares
Issue Size Total (Amount)up to ₹14.09 Crup to ₹13.13 Cr

IPO Timetable

Milestone Furniture IPO opens on May 07, 2018, while Suumaya Lifestyle IPO opens on May 22, 2018. The closing date of Milestone Furniture IPO and Suumaya Lifestyle IPO is May 11, 2018, and May 25, 2018, respectively.

 Milestone Furniture IPOSuumaya Lifestyle IPO
Issue OpenMay 07, 2018May 22, 2018
Issue CloseMay 11, 2018May 25, 2018
Basis Of Allotment (Tentative)May 16, 2018May 30, 2018
Initiation of Refunds (Tentative)May 17, 2018
Credit of Share (Tentative)May 18, 2018
Listing date (Tentative)May 21, 2018Jun 04, 2018

Financials & KPIs

Milestone Furniture IPO P/E ratio is , as compared to Suumaya Lifestyle IPO P/E ratio of .

 Milestone Furniture IPOSuumaya Lifestyle IPO
Financials

Company Financials (Restated)

Period Ended30 Nov 201731 Mar 201731 Mar 201631 Mar 2015
Assets16.255.322.302.17
Total Income23.728.955.523.32
Profit After Tax0.800.320.200.05
NET Worth6.064.010.300.10
Reserves and Surplus2.061.010.290.09
Total Borrowing5.950.830.710.83
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Dec 201731 Mar 201731 Mar 201631 Mar 2015
Assets189.7933.1927.1631.07
Total Income242.29212.0690.5337.16
Profit After Tax1.720.450.320.05
NET Worth25.0923.3722.9222.60
Reserves and Surplus2.971.250.800.48
Total Borrowing8.12
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%60.39%
Promoter Shareholding (Post-Issue)64.54%31.48%
Market Cap₹41.84 Cr.₹43.21 Cr.

Shares Offered

In the Milestone Furniture IPO Retail Individual Investors (RII) are offered 15,66,000 shares while in Suumaya Lifestyle IPO retail investors are offered 15,66,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Milestone Furniture IPO and 0 shares in Suumaya Lifestyle IPO.

 Milestone Furniture IPOSuumaya Lifestyle IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation1,65,000 shares3,92,000 shares
QIB0 shares0 shares
NII15,66,000 shares36,48,000 shares
RII15,66,000 shares36,48,000 shares
Employee0 shares0 shares
Total31,32,000 shares72,96,000 shares

Bids Received (Subscription)

Milestone Furniture IPO subscribed 3.70x in total, whereas Suumaya Lifestyle IPO subscribed 1.44x.

 Milestone Furniture IPOSuumaya Lifestyle IPO
NII (times)0.72x1.49x
RII (times)6.67x1.39x
Total (times)3.70x1.44x

Compare with others

Milestone Furniture IPOSuumaya Lifestyle IPO
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Compare:

Milestone Furniture IPO Vs Suumaya Lifestyle IPO