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Kundan Edifice IPO vs Madhusudan Masala IPO

Comparison between Kundan Edifice IPO and Madhusudan Masala IPO.

IPO Details

Kundan Edifice IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Madhusudan Masala IPO is a SME Bookbuilding proposed to list at NSE SME.

 Kundan Edifice IPOMadhusudan Masala IPO
LogoKundan Edifice IPO LogoMadhusudan Masala IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersFedex Securities Pvt.Ltd.Hem Securities Ltd.
RegistrarCameo Corporate Services Ltd.Kfin Technologies Ltd.
Market MakerGretex Share Broking Pvt.Ltd.Hem Finlease Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Kundan Edifice IPO is up to ₹23.94 Cr whereas the issue size of the Madhusudan Masala IPO is up to ₹22.60 Cr. The final issue price of Kundan Edifice IPO is ₹91.00 per share and of Madhusudan Masala IPO is ₹70.00 per share.

 Kundan Edifice IPOMadhusudan 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)₹91.00 per share₹70.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1200 shares2000 shares
Fresh Issue Size26,30,400 shares32,28,000 shares
Fresh Issue Size (Amount)up to ₹23.94 Crup to ₹22.60 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total26,30,400 shares32,28,000 shares
Issue Size Total (Amount)up to ₹23.94 Crup to ₹22.60 Cr

IPO Timetable

Kundan Edifice IPO opens on Sep 12, 2023, while Madhusudan Masala IPO opens on Sep 18, 2023. The closing date of Kundan Edifice IPO and Madhusudan Masala IPO is Sep 15, 2023, and Sep 21, 2023, respectively.

 Kundan Edifice IPOMadhusudan Masala IPO
Anchor Bid DateSep 15, 2023
Issue OpenSep 12, 2023Sep 18, 2023
Issue CloseSep 15, 2023Sep 21, 2023
Basis Of Allotment (Tentative)Sep 21, 2023Sep 26, 2023
Initiation of Refunds (Tentative)Sep 22, 2023Sep 27, 2023
Credit of Share (Tentative)Sep 25, 2023Sep 29, 2023
Listing date (Tentative)Sep 26, 2023Sep 26, 2023
Anchor Lockin End date 1Oct 26, 2023
Anchor Lockin End date 2Dec 25, 2023

Financials & KPIs

Kundan Edifice IPO P/E ratio is 13.3, as compared to Madhusudan Masala IPO P/E ratio of 10.08.

 Kundan Edifice IPOMadhusudan Masala IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets29.6619.2811.858.47
Total Income60.4632.5115.226.50
Profit After Tax5.131.680.770.04
NET Worth8.112.981.300.28
Reserves and Surplus0.61-0.02-1.70-2.47
Total Borrowing14.519.057.296.37
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets57.3735.1426.00
Total Income127.5166.5268.75
Profit After Tax5.760.810.45
NET Worth10.990.3110.94
Reserves and Surplus5.990.30
Total Borrowing42.1728.209.66
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99%100%
Promoter Shareholding (Post-Issue)72.28%73.64%
P/E Ratio13.310.08
Market Cap₹93.48 Cr.₹90.30 Cr.
ROE63.28101.91
ROCE43.6920.08
Debt/Equity1.793.84
EPS₹6.84₹6.94
RoNW63.2852.40

Shares Offered

In the Kundan Edifice IPO Retail Individual Investors (RII) are offered 13,15,200 shares while in Madhusudan Masala IPO retail investors are offered 13,15,200 shares. Qualified Institutional Buyers (QIB) are offered in Kundan Edifice IPO and 6,46,000 shares in Madhusudan Masala IPO.

 Kundan Edifice IPOMadhusudan Masala IPO
Anchor Investor Reservation9,66,000 shares
Market Maker Reservation1,41,600 shares1,72,000 shares
QIB6,46,000 shares
NII13,15,200 shares4,86,000 shares
RII13,15,200 shares11,30,000 shares
Total26,30,400 shares32,28,000 shares

Bids Received (Subscription)

Kundan Edifice IPO subscribed 39.90x in total, whereas Madhusudan Masala IPO subscribed 311.32x.

 Kundan Edifice IPOMadhusudan Masala IPO
QIB (times)86.91x
NII (times)35.68x574.08x
RII (times)44.13x592.73x
Total (times)39.90x311.32x

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Kundan Edifice IPO Vs Madhusudan Masala IPO