Jiwanram Sheoduttrai Industries IPO vs Madhusudan Masala IPO

Comparision between Jiwanram Sheoduttrai Industries IPO and Madhusudan Masala IPO.

IPO Details

Jiwanram Sheoduttrai Industries IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Madhusudan Masala IPO is a SME Book Built Issue proposed to list at NSE SME.

	Jiwanram Sheoduttrai Industries IPO	Madhusudan Masala IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Affinity Global Capital Market Private Limited	Hem Securities Limited
Registrar	Cameo Corporate Services Limited	Kfin Technologies Limited
Market Maker	Giriraj Stock Broking Private Limited	Hem Finlease Private Limited
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 Jiwanram Sheoduttrai Industries IPO is up to ₹17.07 Cr whereas the issue size of the Madhusudan Masala IPO is up to ₹23.80 Cr. The final issue price of Jiwanram Sheoduttrai Industries IPO is ₹23.00 per share and of Madhusudan Masala IPO is ₹70.00 per share.

	Jiwanram Sheoduttrai Industries IPO	Madhusudan Masala IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹66.00 per share
Issue Price (Upper)		₹70.00 per share
Issue Price (Final)	₹23.00 per share	₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	6000 shares	2000 shares
Fresh Issue Size	74,22,000 shares	34,00,000 shares
Fresh Issue Size (Amount)	up to ₹17.07 Cr	up to ₹23.80 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	74,22,000 shares	34,00,000 shares
Issue Size Total (Amount)	up to ₹17.07 Cr	up to ₹23.80 Cr

IPO Timetable

Jiwanram Sheoduttrai Industries IPO opens on Sep 08, 2023, while Madhusudan Masala IPO opens on Sep 18, 2023. The closing date of Jiwanram Sheoduttrai Industries IPO and Madhusudan Masala IPO is Sep 12, 2023, and Sep 21, 2023, respectively.

	Jiwanram Sheoduttrai Industries IPO	Madhusudan Masala IPO
Anchor Bid Date		Sep 15, 2023
Issue Open	Sep 08, 2023	Sep 18, 2023
Issue Close	Sep 12, 2023	Sep 21, 2023
Basis Of Allotment (Tentative)	Sep 15, 2023	Sep 26, 2023
Initiation of Refunds (Tentative)	Sep 18, 2023	Sep 27, 2023
Credit of Share (Tentative)	Sep 20, 2023	Sep 29, 2023
Listing date (Tentative)	Sep 18, 2023	Sep 26, 2023
Anchor Lockin End date 1	Oct 15, 2023	Oct 26, 2023
Anchor Lockin End date 2	Dec 14, 2023	Dec 25, 2023

Financials

Jiwanram Sheoduttrai Industries IPO P/E ratio is 9.91, as compared to Madhusudan Masala IPO P/E ratio of .

Jiwanram Sheoduttrai Industries IPO

Madhusudan Masala IPO

Financial

Jiwanram Sheoduttrai Industries IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	12,104.17	11,377.25	12,112.36
Revenue	3,281.34	3,414.89	4,598.41
Profit After Tax	2.98	149.69	402.65
Net Worth	4,307.14	4,428.27	4,802.36
Reserves and Surplus	3,812.11	3,933.24	3,069.74
Total Borrowing	4,883.69	5,230.92	5,258.99

Amount in ₹ Lakhs

Madhusudan Masala IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	2,599.90	3,514.29	5,736.52
Revenue	6,875.18	6,651.81	12,750.57
Profit After Tax	44.98	81.29	575.89
Net Worth	1,094.09	31.07	1,099.10
Reserves and Surplus		30.07	599.10
Total Borrowing	966.40	2,819.53	4,217.20

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

100.00%

Promoter Shareholding (Post-Issue)

70.01%

73.64%

P/E Ratio

9.91

Market Cap

₹56.92 Cr.

₹90.30 Cr.

ROE

8.38%%

101.91%%

ROCE

7.29%%

20.08%%

Debt/Equity

1.1

3.84

EPS

₹2.32

₹6.94

RoNW

8.38%%

52.40%%

Shares Offered

In the Jiwanram Sheoduttrai Industries IPO retail investors (RII) are offered 35,28,000 shares while in Madhusudan Masala IPO retail investors are offered 35,28,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Jiwanram Sheoduttrai Industries IPO and 6,46,000 shares in Madhusudan Masala IPO.

	Jiwanram Sheoduttrai Industries IPO	Madhusudan Masala IPO
Anchor Investor Reserveration		9,66,000 shares
Market Maker Reserveration	3,72,000 shares	1,72,000 shares
QIB	0 shares	6,46,000 shares
NII	35,22,000 shares	4,86,000 shares
RII	35,28,000 shares	11,30,000 shares
Employee	0 shares	0 shares
Others
Total	70,50,000 shares	22,62,000 shares

Bids Received (Subscription)

Jiwanram Sheoduttrai Industries IPO subscribed 112.96x in total, whereas Madhusudan Masala IPO subscribed 444.27x.

	Jiwanram Sheoduttrai Industries IPO	Madhusudan Masala IPO
QIB (times)		86.91x
NII (times)	69.75x	574.08x
Big NII (times)
Small NII (times)
RII (times)	151.47x	592.73x
Employee (times)
Other (times)
Total (times)	112.96x	444.27x

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