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Meera Industries FPO vs White Organic Retail IPO

Comparison between Meera Industries FPO and White Organic Retail IPO.

IPO Details

Meera Industries FPO is a SME Fixed Price IPO proposed to list at BSE SME while White Organic Retail IPO is a SME Fixed Price proposed to list at BSE SME.

 Meera Industries FPOWhite Organic Retail IPO
LogoMeera Industries FPO LogoWhite Organic Retail IPO Logo
Issue CategorySMESME
Issue TypeFPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersAryaman Financial Services Ltd.Finshore Management Services Ltd.
RegistrarKfin Technologies Ltd.MUFG Intime India Pvt.Ltd.
Market MakerGuiness Securities Ltd.Moneylicious Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Meera Industries FPO is up to ₹11.07 Cr whereas the issue size of the White Organic Retail IPO is up to ₹14.68 Cr. The final issue price of Meera Industries FPO is ₹225.00 per share and of White Organic Retail IPO is ₹63.00 per share.

 Meera Industries FPOWhite Organic Retail IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹225.00 per share₹63.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size500 shares2000 shares
Fresh Issue Size4,92,000 shares23,30,000 shares
Fresh Issue Size (Amount)up to ₹11.07 Crup to ₹14.68 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total4,92,000 shares23,30,000 shares
Issue Size Total (Amount)up to ₹11.07 Crup to ₹14.68 Cr

IPO Timetable

Meera Industries FPO opens on Jun 13, 2019, while White Organic Retail IPO opens on Apr 26, 2019. The closing date of Meera Industries FPO and White Organic Retail IPO is Jun 18, 2019, and May 02, 2019, respectively.

 Meera Industries FPOWhite Organic Retail IPO
Anchor Bid Date
Issue OpenJun 13, 2019Apr 26, 2019
Issue CloseJun 18, 2019May 02, 2019
Basis Of Allotment (Tentative)Jun 21, 2019May 07, 2019
Initiation of Refunds (Tentative)Jun 24, 2019May 08, 2019
Credit of Share (Tentative)Jun 25, 2019May 09, 2019
Listing date (Tentative)Jun 26, 2019May 10, 2019
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Meera Industries FPO P/E ratio is , as compared to White Organic Retail IPO P/E ratio of .

 Meera Industries FPOWhite Organic Retail IPO
Financials
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Dec-19 31-Mar-18
Total Assets 2,166.42 1,468.14
Total Revenue 3,558.41 2,149.66
Profit After Tax 494.55 240.80
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Dec-18 31-Mar-18 31-Mar-17 31-Mar-16
Total Assets 6,022.65 5,017.40 1,447.81 1,276.55
Total Revenue 11,549.52 8,292.76 142.62 -
Profit After Tax 450.78 302.45 58.68 23.90
Promoter Shareholding (Pre-Issue)100
Promoter Shareholding (Post-Issue)55.01
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Meera Industries FPO Retail Individual Investors (RII) are offered 2,46,000 shares while in White Organic Retail IPO retail investors are offered 2,46,000 shares. Qualified Institutional Buyers (QIB) are offered in Meera Industries FPO and in White Organic Retail IPO.

 Meera Industries FPOWhite Organic Retail IPO
Anchor Investor Reserveration
Market Maker Reserveration30,000 shares1,24,000 shares
QIB
NII2,46,000 shares11,64,000 shares
RII2,46,000 shares11,66,000 shares
Employee
Others
Total4,92,000 shares23,30,000 shares

Bids Received (Subscription)

Meera Industries FPO subscribed 1.16x in total, whereas White Organic Retail IPO subscribed 1.36x.

 Meera Industries FPOWhite Organic Retail IPO
QIB (times)
NII (times)1.99x2.02x
Big NII (times)
Small NII (times)
RII (times)0.33x0.70x
Employee (times)
Other (times)
Total (times)1.16x1.36x