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M.V.K. Agro Food IPO vs Sona Machinery IPO

Comparision between M.V.K. Agro Food IPO and Sona Machinery IPO.

IPO Details

M.V.K. Agro Food IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Sona Machinery IPO is a SME Book Built Issue proposed to list at NSE SME.

  M.V.K. Agro Food IPO Sona Machinery IPO
Logo M.V.K. Agro Food IPO Logo Sona Machinery 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 Horizon Management Private Limited Hem Securities Limited
Registrar Mas Services Limited Maashitla Securities Private Limited
Market Maker Nikunj Stock Brokers 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 M.V.K. Agro Food IPO is up to ₹65.88 Cr whereas the issue size of the Sona Machinery IPO is up to ₹51.82 Cr. The final issue price of M.V.K. Agro Food IPO is ₹120.00 per share and of Sona Machinery IPO is ₹143.00 per share.

  M.V.K. Agro Food IPO Sona Machinery IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹136.00 per share
Issue Price (Upper) ₹143.00 per share
Issue Price (Final) ₹120.00 per share ₹143.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1200 shares 1000 shares
Fresh Issue Size 54,90,000 shares 36,24,000 shares
Fresh Issue Size (Amount) up to ₹65.88 Cr up to ₹51.82 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 54,90,000 shares 36,24,000 shares
Issue Size Total (Amount) up to ₹65.88 Cr up to ₹51.82 Cr

IPO Timetable

M.V.K. Agro Food IPO opens on Feb 29, 2024, while Sona Machinery IPO opens on Mar 05, 2024. The closing date of M.V.K. Agro Food IPO and Sona Machinery IPO is Mar 04, 2024, and Mar 07, 2024, respectively.

  M.V.K. Agro Food IPO Sona Machinery IPO
Anchor Bid Date Mar 04, 2024
Issue Open Feb 29, 2024 Mar 05, 2024
Issue Close Mar 04, 2024 Mar 07, 2024
Basis Of Allotment (Tentative) Mar 05, 2024 Mar 11, 2024
Initiation of Refunds (Tentative) Mar 06, 2024 Mar 12, 2024
Credit of Share (Tentative) Mar 06, 2024 Mar 12, 2024
Listing date (Tentative) Mar 07, 2024 Mar 13, 2024
Anchor Lockin End date 1 Apr 10, 2024
Anchor Lockin End date 2 Jun 09, 2024

Financials

M.V.K. Agro Food IPO P/E ratio is 31.79, as compared to Sona Machinery IPO P/E ratio of 18.8.

  M.V.K. Agro Food IPO Sona Machinery IPO
Financial

M.V.K. Agro Food Product Ltd Financial Information (Restated)

M.V.K. Agro Food Product Ltd's revenue decreased by -29.18% and profit after tax (PAT) rose by 18.02% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets14,804.0515,471.9311,602.0611,445.70
Revenue6,044.369,393.6313,263.562,583.10
Profit After Tax430.07377.45319.81140.41
Net Worth1,767.741,337.67960.22640.41
Reserves and Surplus1,267.74837.67460.22140.41
Total Borrowing6,281.239,156.106,001.327,496.33
Amount in ₹ Lakhs

Sona Machinery Limited Financial Information (Restated Standalone)

Sona Machinery Limited's revenue increased by 82.3% and profit after tax (PAT) rose by 135.35% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Nov 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,211.302,858.191,516.58732.21
Revenue6,288.118,118.064,453.07606.33
Profit After Tax647.82768.36326.4727.81
Net Worth1,780.161,132.34363.9837.51
Reserves and Surplus770.161,122.34353.9827.51
Total Borrowing112.94252.60236.61
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 100.00%
Promoter Shareholding (Post-Issue) 64.56% 73.59%
P/E Ratio 31.79 18.8
Market Cap ₹185.88 Cr. ₹196.25 Cr.
ROE 32.85%% 44.49%%
ROCE 13.44%% 46.61%%
Debt/Equity 6.84 0.06
EPS ₹3.77 ₹7.61
RoNW 32.85%% 36.39%%

Shares Offered

In the M.V.K. Agro Food IPO retail investors (RII) are offered 26,07,600 shares while in Sona Machinery IPO retail investors are offered 26,07,600 shares. Qualified institutional buyers (QIB) are offered 0 shares in M.V.K. Agro Food IPO and 6,88,000 shares in Sona Machinery IPO.

  M.V.K. Agro Food IPO Sona Machinery IPO
Anchor Investor Reserveration 10,32,000 shares
Market Maker Reserveration 2,74,800 shares 1,82,000 shares
QIB 0 shares 6,88,000 shares
NII 26,07,600 shares 5,17,000 shares
RII 26,07,600 shares 12,05,000 shares
Employee 0 shares 0 shares
Others
Total 52,15,200 shares 24,10,000 shares

Bids Received (Subscription)

M.V.K. Agro Food IPO subscribed 8.46x in total, whereas Sona Machinery IPO subscribed 273.50x.

  M.V.K. Agro Food IPO Sona Machinery IPO
QIB (times) 129.72x
NII (times) 3.90x 554.42x
Big NII (times)
Small NII (times)
RII (times) 13.01x 235.06x
Employee (times)
Other (times)
Total (times) 8.46x 273.50x

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