Mahickra Chemicals IPO vs Vera Synthetic IPO

Comparison between Mahickra Chemicals IPO and Vera Synthetic IPO.

IPO Details

Mahickra Chemicals IPO is a SME Fixed Price IPO proposed to list at NSE SME while Vera Synthetic IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of Mahickra Chemicals IPO is up to ₹4.98 Cr whereas the issue size of the Vera Synthetic IPO is up to ₹5.06 Cr. The final issue price of Mahickra Chemicals IPO is ₹25.00 per share and of Vera Synthetic IPO is ₹40.00 per share.

 Mahickra Chemicals IPOVera Synthetic IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹24.00 per share
Issue Price (Upper)₹25.00 per share
Issue Price (Final)₹25.00 per share₹40.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size6000 shares3000 shares
Fresh Issue Size19,92,000 shares12,66,000 shares
Fresh Issue Size (Amount)up to ₹4.98 Crup to ₹5.06 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total19,92,000 shares12,66,000 shares
Issue Size Total (Amount)up to ₹4.98 Crup to ₹5.06 Cr

IPO Timetable

Mahickra Chemicals IPO opens on Apr 16, 2018, while Vera Synthetic IPO opens on Mar 28, 2018. The closing date of Mahickra Chemicals IPO and Vera Synthetic IPO is Apr 18, 2018, and Apr 04, 2018, respectively.

 Mahickra Chemicals IPOVera Synthetic IPO
Issue OpenApr 16, 2018Mar 28, 2018
Issue CloseApr 18, 2018Apr 04, 2018
Basis Of Allotment (Tentative)Apr 23, 2018Apr 09, 2018
Initiation of Refunds (Tentative)Apr 24, 2018
Credit of Share (Tentative)Apr 25, 2018
Listing date (Tentative)Apr 26, 2018Apr 12, 2018

Financials & KPIs

Mahickra Chemicals IPO P/E ratio is , as compared to Vera Synthetic IPO P/E ratio of .

 Mahickra Chemicals IPOVera Synthetic IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 201731 Mar 201731 Mar 201631 Mar 2015
Assets30.2825.6218.1817.82
Total Income4.3442.2634.7942.75
Profit After Tax0.020.350.150.09
EBITDA3.302.972.512.55
Reserves and Surplus1.63
Total Borrowing6.606.645.965.41
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 201731 Mar 201731 Mar 201631 Mar 2015
Assets10.458.647.327.06
Total Income9.7218.4421.9524.49
Profit After Tax-1.030.340.270.05
EBITDA-0.610.95
NET Worth3.784.814.474.20
Reserves and Surplus1.983.012.672.40
Total Borrowing3.130.850.811.27
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)67.74%80.56%
Promoter Shareholding (Post-Issue)48.07%58.76%
Market Cap₹18.09 Cr.₹19.74 Cr.

Shares Offered

In the Mahickra Chemicals IPO Retail Individual Investors (RII) are offered 9,96,000 shares while in Vera Synthetic IPO retail investors are offered 9,96,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Mahickra Chemicals IPO and 0 shares in Vera Synthetic IPO.

 Mahickra Chemicals IPOVera Synthetic IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation1,08,000 shares69,000 shares
QIB0 shares0 shares
NII9,96,000 shares6,33,000 shares
RII9,96,000 shares6,33,000 shares
Employee0 shares0 shares
Total19,92,000 shares12,66,000 shares

Bids Received (Subscription)

Mahickra Chemicals IPO subscribed 27.85x in total, whereas Vera Synthetic IPO subscribed 3.49x.

 Mahickra Chemicals IPOVera Synthetic IPO
NII (times)22.42x3.29x
RII (times)33.28x3.70x
Total (times)27.85x3.49x

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Mahickra Chemicals IPO Vs Vera Synthetic IPO