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Milton Industries IPO vs Tirupati Forge IPO

Comparison between Milton Industries IPO and Tirupati Forge IPO.

IPO Details

Milton Industries IPO is a SME Fixed Price IPO proposed to list at NSE SME while Tirupati Forge IPO is a SME Fixed Price proposed to list at NSE SME.

 Milton Industries IPOTirupati Forge IPO
LogoMilton Industries IPO LogoTirupati Forge IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMENSE SME
Lead ManagersSwastika Investmart Ltd.Pantomath Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerBeeline Broking Ltd.Pantomath Stock Brokers 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 Milton Industries IPO is up to ₹13.55 Cr whereas the issue size of the Tirupati Forge IPO is up to ₹4.95 Cr. The final issue price of Milton Industries IPO is ₹34.00 per share and of Tirupati Forge IPO is ₹29.00 per share.

 Milton Industries IPOTirupati Forge IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹34.00 per share₹29.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size4000 shares4000 shares
Fresh Issue Size39,84,000 shares17,08,000 shares
Fresh Issue Size (Amount)up to ₹13.55 Crup to ₹4.95 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total39,84,000 shares17,08,000 shares
Issue Size Total (Amount)up to ₹13.55 Crup to ₹4.95 Cr

IPO Timetable

Milton Industries IPO opens on Sep 29, 2017, while Tirupati Forge IPO opens on Sep 29, 2017. The closing date of Milton Industries IPO and Tirupati Forge IPO is Oct 06, 2017, and Oct 04, 2017, respectively.

 Milton Industries IPOTirupati Forge IPO
Issue OpenSep 29, 2017Sep 29, 2017
Issue CloseOct 06, 2017Oct 04, 2017
Basis Of Allotment (Tentative)Oct 11, 2017Oct 09, 2017
Listing date (Tentative)Oct 16, 2017Oct 12, 2017

Financials & KPIs

Milton Industries IPO P/E ratio is , as compared to Tirupati Forge IPO P/E ratio of .

 Milton Industries IPOTirupati Forge IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 201731 Mar 201631 Mar 2015
Assets55.9348.5247.67
Total Income43.6342.0342.28
Profit After Tax1.150.220.63
NET Worth13.3412.1711.92
Reserves and Surplus8.347.176.92
Total Borrowing21.0321.9419.29
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 201731 Mar 201631 Mar 2015
Assets10.339.7214.16
Total Income16.3718.2830.37
Profit After Tax0.510.170.70
NET Worth2.712.202.03
Reserves and Surplus1.921.421.25
Total Borrowing3.824.605.79
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.39%98.72%
Promoter Shareholding (Post-Issue)72.37%68.15%
Market Cap₹52.53 Cr.₹16.85 Cr.

Shares Offered

In the Milton Industries IPO Retail Individual Investors (RII) are offered 19,92,000 shares while in Tirupati Forge IPO retail investors are offered 19,92,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Milton Industries IPO and 0 shares in Tirupati Forge IPO.

 Milton Industries IPOTirupati Forge IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation2,16,000 shares92,000 shares
QIB0 shares0 shares
NII19,92,000 shares8,54,000 shares
RII19,92,000 shares8,54,000 shares
Employee0 shares0 shares
Total39,84,000 shares17,08,000 shares

Bids Received (Subscription)

Milton Industries IPO subscribed 14.61x in total, whereas Tirupati Forge IPO subscribed 6.94x.

 Milton Industries IPOTirupati Forge IPO
NII (times)11.11x3.56x
RII (times)18.11x10.32x
Total (times)14.61x6.94x

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Compare:

Milton Industries IPO Vs Tirupati Forge IPO