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IBL Finance IPO vs MCPL IPO

Comparision between IBL Finance IPO and MCPL IPO.

IPO Details

IBL Finance IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while MCPL IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  IBL Finance IPO MCPL IPO
Logo IBL Finance IPO Logo MCPL IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At NSE SME BSE SME
Lead Managers Fedex Securities Pvt Ltd Swaraj shares and securities private limited
Registrar Bigshare Services Pvt Ltd Purva Sharegistry India Pvt Ltd
Market Maker Market-Hub Stock Broking Private Limited Shreni Shares Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of IBL Finance IPO is up to ₹33.41 Cr whereas the issue size of the MCPL IPO is up to ₹14.47 Cr. The final issue price of IBL Finance IPO is ₹51.00 per share and of MCPL IPO is ₹62.00 per share.

  IBL Finance IPO MCPL IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹51.00 per share ₹62.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 2000 shares
Fresh Issue Size 65,50,000 shares 23,34,000 shares
Fresh Issue Size (Amount) up to ₹33.41 Cr up to ₹14.47 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 65,50,000 shares 23,34,000 shares
Issue Size Total (Amount) up to ₹33.41 Cr up to ₹14.47 Cr

IPO Timetable

IBL Finance IPO opens on Jan 09, 2024, while MCPL IPO opens on Dec 27, 2023. The closing date of IBL Finance IPO and MCPL IPO is Jan 11, 2024, and Dec 29, 2023, respectively.

  IBL Finance IPO MCPL IPO
Anchor Bid Date
Issue Open Jan 09, 2024 Dec 27, 2023
Issue Close Jan 11, 2024 Dec 29, 2023
Basis Of Allotment (Tentative) Jan 12, 2024 Jan 01, 2024
Initiation of Refunds (Tentative) Jan 15, 2024 Jan 02, 2024
Credit of Share (Tentative) Jan 15, 2024 Jan 02, 2024
Listing date (Tentative) Jan 16, 2024 Jan 03, 2024
Anchor Lockin End date 1 Feb 11, 2024 Jan 31, 2024
Anchor Lockin End date 2 Apr 11, 2024 Mar 31, 2024

Financials

IBL Finance IPO P/E ratio is 48.08, as compared to MCPL IPO P/E ratio of 0.26.

  IBL Finance IPO MCPL IPO
Financial

IBL Finance Limited Financial Information (Restated)

IBL Finance Limited's revenue increased by 307.59% and profit after tax (PAT) rose by 351.28% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Jul 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,317.602,218.111,022.85339.10
Revenue492.581,333.13327.08112.59
Profit After Tax120.60192.8342.73-9.88
Net Worth2,169.342,048.74355.47312.73
Reserves and Surplus351.271,139.7129.47-13.27
Total Borrowing7.519.12640.58
Amount in ₹ Lakhs

Manoj Ceramic Limited Financial Information (Restated)

Manoj Ceramic Limited's revenue increased by 66.54% and profit after tax (PAT) rose by 283.52% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets8,491.237,787.645,866.526,074.55
Revenue4,374.547,493.484,499.623,730.84
Profit After Tax301.75362.4394.508.24
Net Worth1,610.051,310.05947.62853.11
Reserves and Surplus760.05910.05547.62453.11
Total Borrowing5,862.725,054.973,495.833,926.16
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 85.55% 99.55%
Promoter Shareholding (Post-Issue) 62.89% 71.67%
P/E Ratio 48.08 0.26
Market Cap ₹126.13 Cr. ₹51.67 Cr.
ROE 9.41%%
ROCE 18.88%%
Debt/Equity 0 3.86
EPS ₹1.06 ₹241.62
RoNW 9.41%% 27.67%%

Shares Offered

In the IBL Finance IPO retail investors (RII) are offered 31,10,000 shares while in MCPL IPO retail investors are offered 31,10,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in IBL Finance IPO and 0 shares in MCPL IPO.

  IBL Finance IPO MCPL IPO
Anchor Investor Reserveration
Market Maker Reserveration 3,30,000 shares 1,18,000 shares
QIB 0 shares 0 shares
NII 31,10,000 shares 11,08,000 shares
RII 31,10,000 shares 11,08,000 shares
Employee 0 shares 0 shares
Others
Total 62,20,000 shares 22,16,000 shares

Bids Received (Subscription)

IBL Finance IPO subscribed 17.00x in total, whereas MCPL IPO subscribed 9.00x.

  IBL Finance IPO MCPL IPO
QIB (times)
NII (times) 9.94x 7.28x
Big NII (times)
Small NII (times)
RII (times) 24.03x 10.73x
Employee (times)
Other (times)
Total (times) 17.00x 9.00x

1 Comments

1. Sekar r   I Like It. |Report Abuse|  Link|January 10, 2024 4:37:07 PMReply
It looks Jyoti ipo seems to be safe for retail investors