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.

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 (Final)₹225.00 per share₹63.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
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
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

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

Company Financials (Restated)

Period Ended31 Jan 201731 Mar 201631 Mar 201531 Mar 2014
Assets8.156.074.954.49
Total Income11.378.188.017.52
Profit After Tax0.960.490.230.16
NET Worth4.143.182.692.46
Reserves and Surplus1.372.081.581.35
Total Borrowing0.010.080.11
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Dec 201831 Mar 201831 Mar 201731 Mar 2016
Assets60.2350.1714.4812.77
Total Income116.3584.002.551.07
Profit After Tax4.513.020.590.24
EBITDA6.254.380.860.35
NET Worth0.000.000.000.00
Reserves and Surplus20.374.481.460.87
Total Borrowing0.000.000.000.00
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)98.14%100%
Promoter Shareholding (Post-Issue)71.15%55.01%
Market Cap₹88.37 Cr.₹34.36 Cr.

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 0 shares in Meera Industries FPO and in White Organic Retail IPO.

 Meera Industries FPOWhite Organic Retail IPO
Anchor Investor Reservation0 shares
Market Maker Reservation30,000 shares1,24,000 shares
QIB0 shares
NII2,46,000 shares11,64,000 shares
RII2,46,000 shares11,66,000 shares
Employee0 shares
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
NII (times)1.99x2.03x
RII (times)0.33x0.70x
Total (times)1.16x1.36x

Compare with others

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Meera Industries FPO Vs White Organic Retail IPO