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M.V.K. Agro Food IPO vs Zenith Drugs IPO

Comparision between M.V.K. Agro Food IPO and Zenith Drugs IPO.

IPO Details

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

  M.V.K. Agro Food IPO Zenith Drugs IPO
Logo M.V.K. Agro Food IPO Logo Zenith Drugs 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 Gretex Corporate Services Limited
Registrar Mas Services Limited Bigshare Services Pvt Ltd
Market Maker Nikunj Stock Brokers Limited Gretex Share Broking 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 Zenith Drugs IPO is up to ₹40.68 Cr. The final issue price of M.V.K. Agro Food IPO is ₹120.00 per share and of Zenith Drugs IPO is ₹79.00 per share.

  M.V.K. Agro Food IPO Zenith Drugs IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹75.00 per share
Issue Price (Upper) ₹79.00 per share
Issue Price (Final) ₹120.00 per share ₹79.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1200 shares 1600 shares
Fresh Issue Size 54,90,000 shares 51,48,800 shares
Fresh Issue Size (Amount) up to ₹65.88 Cr up to ₹40.68 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 54,90,000 shares 51,48,800 shares
Issue Size Total (Amount) up to ₹65.88 Cr up to ₹40.68 Cr

IPO Timetable

M.V.K. Agro Food IPO opens on Feb 29, 2024, while Zenith Drugs IPO opens on Feb 19, 2024. The closing date of M.V.K. Agro Food IPO and Zenith Drugs IPO is Mar 04, 2024, and Feb 22, 2024, respectively.

  M.V.K. Agro Food IPO Zenith Drugs IPO
Anchor Bid Date Feb 16, 2024
Issue Open Feb 29, 2024 Feb 19, 2024
Issue Close Mar 04, 2024 Feb 22, 2024
Basis Of Allotment (Tentative) Mar 05, 2024 Feb 23, 2024
Initiation of Refunds (Tentative) Mar 06, 2024 Feb 26, 2024
Credit of Share (Tentative) Mar 06, 2024 Feb 26, 2024
Listing date (Tentative) Mar 07, 2024 Feb 27, 2024
Anchor Lockin End date 1 Mar 24, 2024
Anchor Lockin End date 2 May 23, 2024

Financials

M.V.K. Agro Food IPO P/E ratio is 31.79, as compared to Zenith Drugs IPO P/E ratio of 18.4.

  M.V.K. Agro Food IPO Zenith Drugs 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

Zenith Drugs Limited Financial Information (Restated Consolidated)

Zenith Drugs Limited's revenue increased by 24.85% and profit after tax (PAT) rose by 64.7% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 2022
Assets11,249.049,793.836,858.47
Revenue6,948.4311,569.659,266.63
Profit After Tax539.38515.29312.86
Net Worth2,264.961,724.421,209.09
Reserves and Surplus1,064.961,684.421,169.09
Total Borrowing2,902.812,605.031,880.86
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 100.00%
Promoter Shareholding (Post-Issue) 64.56% 69.98%
P/E Ratio 31.79 18.4
Market Cap ₹185.88 Cr. ₹135.48 Cr.
ROE 32.85%% 35.13%%
ROCE 13.44%% 37.29%%
Debt/Equity 6.84 1.51
EPS ₹3.77 ₹4.29
RoNW 32.85%% 29.88%%

Shares Offered

In the M.V.K. Agro Food IPO retail investors (RII) are offered 26,07,600 shares while in Zenith Drugs 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 8,59,200 shares in Zenith Drugs IPO.

  M.V.K. Agro Food IPO Zenith Drugs IPO
Anchor Investor Reserveration 12,88,000 shares
Market Maker Reserveration 2,74,800 shares 8,52,800 shares
QIB 0 shares 8,59,200 shares
NII 26,07,600 shares 6,44,800 shares
RII 26,07,600 shares 15,04,000 shares
Employee 0 shares 0 shares
Others
Total 52,15,200 shares 30,08,000 shares

Bids Received (Subscription)

M.V.K. Agro Food IPO subscribed 8.46x in total, whereas Zenith Drugs IPO subscribed 179.18x.

  M.V.K. Agro Food IPO Zenith Drugs IPO
QIB (times) 106.72x
NII (times) 3.90x 368.77x
Big NII (times)
Small NII (times)
RII (times) 13.01x 139.28x
Employee (times)
Other (times)
Total (times) 8.46x 179.18x

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