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Indong Tea Company IPO vs Macfos IPO

Comparision between Indong Tea Company IPO and Macfos IPO.

IPO Details

Indong Tea Company IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Macfos IPO is a SME Book Built Issue proposed to list at BSE SME.

  Indong Tea Company IPO Macfos IPO
Logo Indong Tea Company IPO Logo Macfos IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Book Built Issue
Listing At BSE SME BSE SME
Lead Managers Finshore Management Services Limited Hem Securities Limited
Registrar Cameo Corporate Services Limited Bigshare Services Pvt Ltd
Market Maker Nikunj Stock Brokers Limited Hem Securities Ltd.
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Indong Tea Company IPO is up to ₹13.01 Cr whereas the issue size of the Macfos IPO is up to ₹23.74 Cr. The final issue price of Indong Tea Company IPO is ₹26.00 per share and of Macfos IPO is ₹102.00 per share.

  Indong Tea Company IPO Macfos IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹96.00 per share
Issue Price (Upper) ₹102.00 per share
Issue Price (Final) ₹26.00 per share ₹102.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 4000 shares 1200 shares
Fresh Issue Size 50,04,000 shares
Fresh Issue Size (Amount) up to ₹13.01 Cr
OFS Issue Size 23,28,000 shares
OFS Issue Size (Amount) up to ₹23.74 Cr
Issue Size Total 50,04,000 shares 23,28,000 shares
Issue Size Total (Amount) up to ₹13.01 Cr up to ₹23.74 Cr

IPO Timetable

Indong Tea Company IPO opens on Feb 09, 2023, while Macfos IPO opens on Feb 17, 2023. The closing date of Indong Tea Company IPO and Macfos IPO is Feb 13, 2023, and Feb 21, 2023, respectively.

  Indong Tea Company IPO Macfos IPO
Anchor Bid Date Feb 16, 2023
Issue Open Feb 09, 2023 Feb 17, 2023
Issue Close Feb 13, 2023 Feb 21, 2023
Basis Of Allotment (Tentative) Feb 16, 2023 Feb 24, 2023
Initiation of Refunds (Tentative) Feb 17, 2023 Feb 27, 2023
Credit of Share (Tentative) Feb 20, 2023 Feb 28, 2023
Listing date (Tentative) Feb 21, 2023 Mar 01, 2023
Anchor Lockin End date 1 Mar 18, 2023 Mar 26, 2023
Anchor Lockin End date 2 May 17, 2023 May 25, 2023

Financials

Indong Tea Company IPO P/E ratio is 9.52, as compared to Macfos IPO P/E ratio of 15.22.

  Indong Tea Company IPO Macfos IPO
Financial
Indong Tea Company Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-204,136.261,672.64-121.29-421.851,174.942,097.43
31-Mar-214,059.792,313.00127.56-294.301,302.491,841.74
31-Mar-224,324.961,992.97131.62863.681,971.48960.09
30-Sep-224,689.741,324.22204.611,068.292,176.091,047.42
Amount in ₹ Lakhs
Macfos Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20624.621,622.1632.9752.5551.55433.12
31-Mar-21941.752,733.76158.31310.66309.64350.13
31-Mar-222,047.205,587.07601.27911.93910.91603.26
30-Sep-222,598.743,605.40295.851,207.781,206.76938.00
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 96.09% 100%
Promoter Shareholding (Post-Issue) 64.03% 73.65%
P/E Ratio 9.52 15.22
Market Cap ₹39.00 Cr. ₹90.12 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Indong Tea Company IPO retail investors (RII) are offered 23,76,000 shares while in Macfos IPO retail investors are offered 23,76,000 shares. Qualified institutional buyers (QIB) are offered in Indong Tea Company IPO and 11,04,000 shares in Macfos IPO.

  Indong Tea Company IPO Macfos IPO
Anchor Investor Reserveration
Market Maker Reserveration 2,52,000 shares 1,16,400 shares
QIB 11,04,000 shares
NII 23,76,000 shares 3,32,400 shares
RII 23,76,000 shares 7,75,200 shares
Employee
Others
Total 47,52,000 shares 23,28,000 shares

Bids Received (Subscription)

Indong Tea Company IPO subscribed 4.97x in total, whereas Macfos IPO subscribed 193.87x.

  Indong Tea Company IPO Macfos IPO
QIB (times) 21.60x
NII (times) 2.17x 659.99x
Big NII (times)
Small NII (times)
RII (times) 7.76x 268.45x
Employee (times)
Other (times)
Total (times) 4.97x 193.87x

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