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ITCONS E-Solutions IPO vs Macfos IPO

Comparision between ITCONS E-Solutions IPO and Macfos IPO.

IPO Details

ITCONS E-Solutions 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.

  ITCONS E-Solutions IPO Macfos IPO
Logo ITCONS E-Solutions 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 ITCONS E-Solutions IPO is up to ₹8.67 Cr whereas the issue size of the Macfos IPO is up to ₹23.74 Cr. The final issue price of ITCONS E-Solutions IPO is ₹51.00 per share and of Macfos IPO is ₹102.00 per share.

  ITCONS E-Solutions 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) ₹51.00 per share ₹102.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 1200 shares
Fresh Issue Size 17,00,000 shares
Fresh Issue Size (Amount) up to ₹8.67 Cr
OFS Issue Size 23,28,000 shares
OFS Issue Size (Amount) up to ₹23.74 Cr
Issue Size Total 17,00,000 shares 23,28,000 shares
Issue Size Total (Amount) up to ₹8.67 Cr up to ₹23.74 Cr

IPO Timetable

ITCONS E-Solutions IPO opens on Feb 28, 2023, while Macfos IPO opens on Feb 17, 2023. The closing date of ITCONS E-Solutions IPO and Macfos IPO is Mar 02, 2023, and Feb 21, 2023, respectively.

  ITCONS E-Solutions IPO Macfos IPO
Anchor Bid Date Feb 16, 2023
Issue Open Feb 28, 2023 Feb 17, 2023
Issue Close Mar 02, 2023 Feb 21, 2023
Basis Of Allotment (Tentative) Mar 08, 2023 Feb 24, 2023
Initiation of Refunds (Tentative) Mar 09, 2023 Feb 27, 2023
Credit of Share (Tentative) Mar 10, 2023 Feb 28, 2023
Listing date (Tentative) Mar 13, 2023 Mar 01, 2023
Anchor Lockin End date 1 Apr 07, 2023 Mar 26, 2023
Anchor Lockin End date 2 Jun 06, 2023 May 25, 2023

Financials

ITCONS E-Solutions IPO P/E ratio is 12.09, as compared to Macfos IPO P/E ratio of 15.22.

  ITCONS E-Solutions IPO Macfos IPO
Financial
ITCONS E-Solutions Limited Financial Information (Restated Standalone)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20351.17834.9510.5796.7895.64145.06
31-Mar-21341.21842.487.53104.31103.17136.33
31-Mar-22470.711,820.36119.11223.42222.28106.23
30-Sep-22792.371,605.05106.12462.23129.36176.70
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) 89.67% 100%
Promoter Shareholding (Post-Issue) 59.36% 73.65%
P/E Ratio 12.09 15.22
Market Cap ₹25.65 Cr. ₹90.12 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the ITCONS E-Solutions IPO retail investors (RII) are offered 8,08,000 shares while in Macfos IPO retail investors are offered 8,08,000 shares. Qualified institutional buyers (QIB) are offered in ITCONS E-Solutions IPO and 11,04,000 shares in Macfos IPO.

  ITCONS E-Solutions IPO Macfos IPO
Anchor Investor Reserveration
Market Maker Reserveration 86,000 shares 1,16,400 shares
QIB 11,04,000 shares
NII 8,06,000 shares 3,32,400 shares
RII 8,08,000 shares 7,75,200 shares
Employee
Others
Total 16,14,000 shares 23,28,000 shares

Bids Received (Subscription)

ITCONS E-Solutions IPO subscribed 16.79x in total, whereas Macfos IPO subscribed 193.87x.

  ITCONS E-Solutions IPO Macfos IPO
QIB (times) 21.60x
NII (times) 16.12x 659.99x
Big NII (times)
Small NII (times)
RII (times) 17.45x 268.45x
Employee (times)
Other (times)
Total (times) 16.79x 193.87x

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