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Maiden Forgings IPO vs VELS Film International IPO

Comparison between Maiden Forgings IPO and VELS Film International IPO.

IPO Details

Maiden Forgings IPO is a SME Fixed Price IPO proposed to list at BSE SME while VELS Film International IPO is a SME Fixed Price proposed to list at NSE SME.

 Maiden Forgings IPOVELS Film International IPO
LogoMaiden Forgings IPO LogoVELS Film International IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtBSE SMENSE SME
Lead ManagersShare India Capital Services Pvt.Ltd.Khambatta Securities Ltd.
RegistrarMaashitla Securities Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerShare India Securities 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 Maiden Forgings IPO is up to ₹22.64 Cr whereas the issue size of the VELS Film International IPO is up to ₹32.03 Cr. The final issue price of Maiden Forgings IPO is ₹63.00 per share and of VELS Film International IPO is ₹99.00 per share.

 Maiden Forgings IPOVELS Film International IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹60.00 per share
Issue Price (Upper)₹63.00 per share
Issue Price (Final)₹63.00 per share₹99.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1200 shares
Fresh Issue Size35,94,000 shares32,35,200 shares
Fresh Issue Size (Amount)up to ₹22.64 Crup to ₹32.03 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total35,94,000 shares32,35,200 shares
Issue Size Total (Amount)up to ₹22.64 Crup to ₹32.03 Cr

IPO Timetable

Maiden Forgings IPO opens on Mar 23, 2023, while VELS Film International IPO opens on Mar 10, 2023. The closing date of Maiden Forgings IPO and VELS Film International IPO is Mar 27, 2023, and Mar 14, 2023, respectively.

 Maiden Forgings IPOVELS Film International IPO
Anchor Bid Date
Issue OpenMar 23, 2023Mar 10, 2023
Issue CloseMar 27, 2023Mar 14, 2023
Basis Of Allotment (Tentative)Mar 31, 2023Mar 17, 2023
Initiation of Refunds (Tentative)Apr 03, 2023Mar 20, 2023
Credit of Share (Tentative)Apr 05, 2023Mar 21, 2023
Listing date (Tentative)Apr 06, 2023Mar 22, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Maiden Forgings IPO P/E ratio is 8.38, as compared to VELS Film International IPO P/E ratio of 58.58.

 Maiden Forgings IPOVELS Film International IPO
Financials
Maiden Forgings Limited Financial Information (Restated Standalone)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-209,890.0520,440.37165.952,136.921,672.025,788.13
31-Mar-2110,484.2519,937.49168.942,899.112,377.715,428.93
31-Mar-2211,014.2321,083.72213.943,113.052,591.656,170.75
31-Dec-2212,595.6916,381.04801.513,914.562,871.766,525.17
Amount in ₹ Lakhs
VELS Film International Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-2212,090.062,717.92338.231,879.42929.42
30-Sep-2214,619.594,718.97134.002,013.421,063.42
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100100
Promoter Shareholding (Post-Issue)73.37
P/E Ratio8.3858.58
Market Cap₹89.54 Cr.₹127.79 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Maiden Forgings IPO Retail Individual Investors (RII) are offered 22,64,000 shares while in VELS Film International IPO retail investors are offered 22,64,000 shares. Qualified Institutional Buyers (QIB) are offered 3,60,000 shares in Maiden Forgings IPO and in VELS Film International IPO.

 Maiden Forgings IPOVELS Film International IPO
Anchor Investor Reserveration
Market Maker Reserveration1,90,000 shares1,72,800 shares
QIB3,60,000 shares
NII9,70,000 shares16,17,600 shares
RII22,64,000 shares16,17,600 shares
Employee
Others
Total35,94,000 shares32,35,200 shares

Bids Received (Subscription)

Maiden Forgings IPO subscribed 1.20x in total, whereas VELS Film International IPO subscribed 1.10x.

 Maiden Forgings IPOVELS Film International IPO
QIB (times)1.00x
NII (times)1.42x1.22x
Big NII (times)
Small NII (times)
RII (times)1.12x0.97x
Employee (times)
Other (times)
Total (times)1.20x1.10x