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
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 Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	14,804.05	15,471.93	11,602.06	11,445.70
Revenue	6,044.36	9,393.63	13,263.56	2,583.10
Profit After Tax	430.07	377.45	319.81	140.41
Net Worth	1,767.74	1,337.67	960.22	640.41
Reserves and Surplus	1,267.74	837.67	460.22	140.41
Total Borrowing	6,281.23	9,156.10	6,001.32	7,496.33
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 Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022
Assets	11,249.04	9,793.83	6,858.47
Revenue	6,948.43	11,569.65	9,266.63
Profit After Tax	539.38	515.29	312.86
Net Worth	2,264.96	1,724.42	1,209.09
Reserves and Surplus	1,064.96	1,684.42	1,169.09
Total Borrowing	2,902.81	2,605.03	1,880.86
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

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

Compare with others

M.V.K. Agro Food IPO	Zenith Drugs IPO
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V R Infraspace IPO	Purv Flexipack IPO
Sona Machinery IPO	Sadhav Shipping IPO
Pune E-Stock Broking IPO	Deem Roll Tech IPO
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Sadhav Shipping IPO	Interiors and More IPO
Deem Roll Tech IPO	Atmastco IPO
Zenith Drugs IPO	Thaai Casting IPO

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