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IBL Finance IPO vs Shree Marutinandan Tubes IPO

Comparision between IBL Finance IPO and Shree Marutinandan Tubes IPO.

IPO Details

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

  IBL Finance IPO Shree Marutinandan Tubes IPO
Logo IBL Finance IPO Logo Shree Marutinandan Tubes 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 Swastika Investmart Ltd
Registrar Bigshare Services Pvt Ltd Bigshare Services Pvt Ltd
Market Maker Market-Hub Stock Broking Private Limited Swastika Investmart 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 Shree Marutinandan Tubes IPO is up to ₹14.30 Cr. The final issue price of IBL Finance IPO is ₹51.00 per share and of Shree Marutinandan Tubes IPO is ₹143.00 per share.

  IBL Finance IPO Shree Marutinandan Tubes IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹51.00 per share ₹143.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 1000 shares
Fresh Issue Size 65,50,000 shares 10,00,000 shares
Fresh Issue Size (Amount) up to ₹33.41 Cr up to ₹14.30 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 65,50,000 shares 10,00,000 shares
Issue Size Total (Amount) up to ₹33.41 Cr up to ₹14.30 Cr

IPO Timetable

IBL Finance IPO opens on Jan 09, 2024, while Shree Marutinandan Tubes IPO opens on Jan 12, 2024. The closing date of IBL Finance IPO and Shree Marutinandan Tubes IPO is Jan 11, 2024, and Jan 16, 2024, respectively.

  IBL Finance IPO Shree Marutinandan Tubes IPO
Anchor Bid Date
Issue Open Jan 09, 2024 Jan 12, 2024
Issue Close Jan 11, 2024 Jan 16, 2024
Basis Of Allotment (Tentative) Jan 12, 2024 Jan 17, 2024
Initiation of Refunds (Tentative) Jan 15, 2024 Jan 18, 2024
Credit of Share (Tentative) Jan 15, 2024 Jan 18, 2024
Listing date (Tentative) Jan 16, 2024 Jan 19, 2024
Anchor Lockin End date 1 Feb 11, 2024 Feb 16, 2024
Anchor Lockin End date 2 Apr 11, 2024 Apr 16, 2024

Financials

IBL Finance IPO P/E ratio is 48.08, as compared to Shree Marutinandan Tubes IPO P/E ratio of 17.44.

  IBL Finance IPO Shree Marutinandan Tubes 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

Shree Marutinandan Tubes Limited Financial Information (Restated)

Shree Marutinandan Tubes Limited's revenue increased by 0.09% and profit after tax (PAT) rose by 3257.07% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,234.291,617.601,284.831,301.03
Revenue4,284.644,722.584,718.493,597.28
Profit After Tax141.99201.766.0113.30
Net Worth409.70267.7465.9859.98
Reserves and Surplus163.73247.2445.4839.48
Total Borrowing607.28716.90688.89795.31
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 85.55% 82.00%
Promoter Shareholding (Post-Issue) 62.89% 58.30%
P/E Ratio 48.08 17.44
Market Cap ₹126.13 Cr. ₹49.48 Cr.
ROE 9.41%% 120.91%%
ROCE 18.88%% 78.52%%
Debt/Equity 0 2.68
EPS ₹1.06 ₹8.20
RoNW 9.41%% 75.36%%

Shares Offered

In the IBL Finance IPO retail investors (RII) are offered 31,10,000 shares while in Shree Marutinandan Tubes 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 Shree Marutinandan Tubes IPO.

  IBL Finance IPO Shree Marutinandan Tubes IPO
Anchor Investor Reserveration
Market Maker Reserveration 3,30,000 shares 50,000 shares
QIB 0 shares 0 shares
NII 31,10,000 shares 4,75,000 shares
RII 31,10,000 shares 4,75,000 shares
Employee 0 shares 0 shares
Others
Total 62,20,000 shares 9,50,000 shares

Bids Received (Subscription)

IBL Finance IPO subscribed 17.00x in total, whereas Shree Marutinandan Tubes IPO subscribed 47.16x.

  IBL Finance IPO Shree Marutinandan Tubes IPO
QIB (times)
NII (times) 9.94x 32.67x
Big NII (times)
Small NII (times)
RII (times) 24.03x 59.71x
Employee (times)
Other (times)
Total (times) 17.00x 47.16x

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