Flair Writing IPO vs Mukka Proteins IPO

Comparision between Flair Writing IPO and Mukka Proteins IPO.

IPO Details

Flair Writing IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Mukka Proteins IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Flair Writing IPO	Mukka Proteins IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Nuvama Wealth Management Limited Axis Capital Limited	Fedex Securities Pvt Ltd
Registrar	Link Intime India Private Ltd	Cameo Corporate Services Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Flair Writing IPO is up to ₹593.00 Cr whereas the issue size of the Mukka Proteins IPO is up to ₹224.00 Cr. The final issue price of Flair Writing IPO is ₹304.00 per share and of Mukka Proteins IPO is ₹28.00 per share.

	Flair Writing IPO	Mukka Proteins IPO
Face Value	₹5 per share	₹1 per share
Issue Price (Lower)	₹288.00 per share	₹26.00 per share
Issue Price (Upper)	₹304.00 per share	₹28.00 per share
Issue Price (Final)	₹304.00 per share	₹28.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	49 shares	535 shares
Fresh Issue Size	96,05,263 shares	8,00,00,000 shares
Fresh Issue Size (Amount)	up to ₹292.00 Cr	up to ₹224.00 Cr
OFS Issue Size	99,01,315 shares
OFS Issue Size (Amount)	up to ₹301.00 Cr
Issue Size Total	1,95,06,578 shares	8,00,00,000 shares
Issue Size Total (Amount)	up to ₹593.00 Cr	up to ₹224.00 Cr

IPO Timetable

Flair Writing IPO opens on Nov 22, 2023, while Mukka Proteins IPO opens on Feb 29, 2024. The closing date of Flair Writing IPO and Mukka Proteins IPO is Nov 24, 2023, and Mar 04, 2024, respectively.

	Flair Writing IPO	Mukka Proteins IPO
Anchor Bid Date	Nov 21, 2023	Feb 28, 2024
Issue Open	Nov 22, 2023	Feb 29, 2024
Issue Close	Nov 24, 2023	Mar 04, 2024
Basis Of Allotment (Tentative)	Nov 29, 2023	Mar 05, 2024
Initiation of Refunds (Tentative)	Nov 30, 2023	Mar 06, 2024
Credit of Share (Tentative)	Nov 30, 2023	Mar 06, 2024
Listing date (Tentative)	Dec 01, 2023	Mar 07, 2024
Anchor Lockin End date 1	Dec 29, 2023	Apr 04, 2024
Anchor Lockin End date 2	Feb 27, 2024	Jun 03, 2024

Financials

Flair Writing IPO P/E ratio is 23.36, as compared to Mukka Proteins IPO P/E ratio of 12.96.

Flair Writing IPO

Mukka Proteins IPO

Financial

Flair Writing Industries Limited Financial Information (Restated Consolidated)

Flair Writing Industries Limited's revenue increased by 62.39% and profit after tax (PAT) rose by 114.14% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	765.04	684.18	557.49	480.66
Revenue	248.50	954.29	587.64	310.87
Profit After Tax	32.14	118.10	55.15	0.99
Net Worth	470.16	437.99	319.86	264.65
Reserves and Surplus	423.46	391.29	296.50	241.31
Total Borrowing	126.67	115.59	126.33	130.31
Amount in ₹ Crore

Mukka Proteins Limited Financial Information (Restated Consolidated)

Mukka Proteins Limited's revenue increased by 52.52% and profit after tax (PAT) rose by 84.07% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	641.18	575.16	392.30	353.93
Revenue	612.88	1,183.80	776.15	609.95
Profit After Tax	32.98	47.53	25.82	11.01
Net Worth	159.11	128.92	87.25	64.54
Reserves and Surplus	144.92	112.57	68.51	60.80
Total Borrowing	317.73	254.83	173.50	159.19
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

97.49%

100%

Promoter Shareholding (Post-Issue)

79.21%

P/E Ratio

23.36

12.96

Market Cap

₹3204.00 Cr.

₹840.00 Cr.

ROE

31.17%%

36.71%%

ROCE

31.24%%

17.62%%

Debt/Equity

0.26

1.64

EPS

₹12.33

₹2.16

RoNW

31.17%%

34.19%%

Shares Offered

In the Flair Writing IPO retail investors (RII) are offered 68,27,302 shares while in Mukka Proteins IPO retail investors are offered 68,27,302 shares. Qualified institutional buyers (QIB) are offered 39,01,316 shares in Flair Writing IPO and 1,60,00,435 shares in Mukka Proteins IPO.

	Flair Writing IPO	Mukka Proteins IPO
Anchor Investor Reserveration	58,51,972 shares	2,39,99,565 shares
Market Maker Reserveration
QIB	39,01,316 shares	1,60,00,435 shares
NII	29,25,987 shares	1,20,00,000 shares
RII	68,27,302 shares	2,80,00,000 shares
Employee	0 shares	0 shares
Others
Total	1,36,54,605 shares	5,60,00,435 shares

Bids Received (Subscription)

Flair Writing IPO subscribed 49.28x in total, whereas Mukka Proteins IPO subscribed 136.99x.

	Flair Writing IPO	Mukka Proteins IPO
QIB (times)	122.02x	189.28x
NII (times)	35.23x	250.39x
Big NII (times)	36.53x	254.15x
Small NII (times)	32.61x	242.86x
RII (times)	13.73x	58.52x
Employee (times)
Other (times)
Total (times)	49.28x	136.99x

Compare with others

Flair Writing IPO	Mukka Proteins IPO
Motisons Jewellers IPO	Mufti Menswear IPO
Mukka Proteins IPO	Inox CVA IPO
Happy Forgings IPO	Suraj Estate Developers IPO
Muthoot Microfin IPO	RBZ Jewellers IPO
DOMS IPO	Motisons Jewellers IPO
IREDA IPO	Happy Forgings IPO
Fedbank Financial Services IPO	Muthoot Microfin IPO
Gandhar Oil Refinery India IPO	DOMS IPO
ASK Automotive IPO	Flair Writing IPO
ESAF Small Finance Bank IPO	IREDA IPO

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