Innovators Facade Systems IPO vs Milestone Furniture IPO

Comparision between Innovators Facade Systems IPO and Milestone Furniture IPO.

IPO Details

Innovators Facade Systems IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Milestone Furniture IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Innovators Facade Systems IPO	Milestone Furniture IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Pantomath Capital Advisors Pvt Ltd	Monarch Networth Capital Ltd
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Market Maker
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 Innovators Facade Systems IPO is up to ₹40.75 Cr whereas the issue size of the Milestone Furniture IPO is up to ₹14.84 Cr. The final issue price of Innovators Facade Systems IPO is ₹72.00 per share and of Milestone Furniture IPO is ₹45.00 per share.

	Innovators Facade Systems IPO	Milestone Furniture IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹71.00 per share
Issue Price (Upper)	₹72.00 per share
Issue Price (Final)	₹72.00 per share	₹45.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	3000 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	56,60,800 shares	32,97,000 shares
Issue Size Total (Amount)	up to ₹40.75 Cr	up to ₹14.84 Cr

IPO Timetable

Innovators Facade Systems IPO opens on May 14, 2018, while Milestone Furniture IPO opens on May 07, 2018. The closing date of Innovators Facade Systems IPO and Milestone Furniture IPO is May 16, 2018, and May 11, 2018, respectively.

	Innovators Facade Systems IPO	Milestone Furniture IPO
Anchor Bid Date
Issue Open	May 14, 2018	May 07, 2018
Issue Close	May 16, 2018	May 11, 2018
Basis Of Allotment (Tentative)		May 16, 2018
Initiation of Refunds (Tentative)		May 17, 2018
Credit of Share (Tentative)		May 18, 2018
Listing date (Tentative)		May 21, 2018
Anchor Lockin End date 1		Jun 15, 2018
Anchor Lockin End date 2		Aug 14, 2018

Financials

Innovators Facade Systems IPO P/E ratio is , as compared to Milestone Furniture IPO P/E ratio of .

Innovators Facade Systems IPO

Milestone Furniture IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Millions)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	13,873.29	12,817.78	12,607.20	11,671.62	9,936.60
Total Revenue	10,235.96	9,438.88	9,204.92	7,734.81	7,833.22
Profit After Tax	186.01	167.64	316.76	269.24	232.48

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14
Total Assets	53,160,563	23,014,900	21,710,118	8,257,681
Total Revenue	89,467,999	55,175,651	33,229,409	3,787,759
Profit After Tax	3,247,677	1,989,136	542,472	343,186

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Innovators Facade Systems IPO retail investors (RII) are offered 26,86,400 shares while in Milestone Furniture IPO retail investors are offered 26,86,400 shares. Qualified institutional buyers (QIB) are offered 0 shares in Innovators Facade Systems IPO and 0 shares in Milestone Furniture IPO.

	Innovators Facade Systems IPO	Milestone Furniture IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,88,000 shares	1,65,000 shares
QIB	0 shares	0 shares
NII	26,86,400 shares	15,66,000 shares
RII	26,86,400 shares	15,66,000 shares
Employee
Others
Total	56,60,800 shares	32,97,000 shares

Bids Received (Subscription)

Innovators Facade Systems IPO subscribed 23.45x in total, whereas Milestone Furniture IPO subscribed 2.13x.

	Innovators Facade Systems IPO	Milestone Furniture IPO
QIB (times)
NII (times)	28.18x	0.82x
Big NII (times)
Small NII (times)
RII (times)	13.85x	3.45x
Employee (times)
Other (times)
Total (times)	23.45x	2.13x

Compare with others

Innovators Facade Systems IPO	Milestone Furniture IPO
Shree Vasu Logistics IPO	Suumaya Lifestyle IPO
Affordable Robotic Automation IPO	Megastar Foods IPO
Latteys Industries IPO	Innovators Facade Systems IPO
Suumaya Lifestyle IPO	Sirca Paints IPO
Megastar Foods IPO	U H Zaveri IPO
Sirca Paints IPO	E2E Networks IPO
U H Zaveri IPO	Five Core Electronics IPO
Milestone Furniture IPO	SoftTech Engineers IPO
E2E Networks IPO	Godha Cabcon Insulation IPO
Five Core Electronics IPO	Akshar Spintex IPO

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