Madhav Copper FPO vs SM Auto IPO

Comparision between Madhav Copper FPO and SM Auto IPO.

IPO Details

Madhav Copper FPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while SM Auto IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Madhav Copper FPO	SM Auto IPO
Logo
Issue Category	SME	SME
Issue Type	FPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Pantomath Capital Advisors Pvt Ltd	Hem Securities Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Madhav Copper FPO is up to ₹25.50 Cr whereas the issue size of the SM Auto IPO is up to ₹6.91 Cr. The final issue price of Madhav Copper FPO is ₹102.00 per share and of SM Auto IPO is ₹18.00 per share.

	Madhav Copper FPO	SM Auto IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹100.00 per share
Issue Price (Upper)	₹102.00 per share
Issue Price (Final)	₹102.00 per share	₹18.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	8000 shares
Fresh Issue Size	24,99,600 shares
Fresh Issue Size (Amount)	up to ₹25.50 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	24,99,600 shares	38,40,000 shares
Issue Size Total (Amount)	up to ₹25.50 Cr	up to ₹6.91 Cr

IPO Timetable

Madhav Copper FPO opens on Jan 27, 2020, while SM Auto IPO opens on Mar 03, 2020. The closing date of Madhav Copper FPO and SM Auto IPO is Jan 30, 2020, and Mar 05, 2020, respectively.

	Madhav Copper FPO	SM Auto IPO
Anchor Bid Date
Issue Open	Jan 27, 2020	Mar 03, 2020
Issue Close	Jan 30, 2020	Mar 05, 2020
Basis Of Allotment (Tentative)	Feb 04, 2020	Mar 11, 2020
Initiation of Refunds (Tentative)	Feb 05, 2020	Mar 12, 2020
Credit of Share (Tentative)	Feb 06, 2020	Mar 13, 2020
Listing date (Tentative)	Feb 06, 2020	Mar 16, 2020
Anchor Lockin End date 1	Mar 05, 2020	Apr 10, 2020
Anchor Lockin End date 2	May 04, 2020	Jun 09, 2020

Financials

Madhav Copper FPO P/E ratio is 53, as compared to SM Auto IPO P/E ratio of 300.

Madhav Copper FPO

SM Auto IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Lakhs)
	30-Sept-19	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	4,910.30	4,550.17	2,363.78	2,271.51
Total Revenue	9,434.48	21,305.04	16,910.63	7,162.87
Profit After Tax	260.13	421.42	196.23	86.38

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Lakhs)
	30-Sept-19 (for 6 months)	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	4,725.75	5,332.17	5,289.03	5,252.40
Total Revenue	3,221.67	7,630.09	6,589.74	5,336.30
Profit After Tax	4,70	265.40	84.00	(173.11)

Promoter Shareholding (Pre-Issue)

73.04%

99.99%

Promoter Shareholding (Post-Issue)

63.83%

73.11%

P/E Ratio

300

Market Cap

₹276.86 Cr.

₹25.72 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Madhav Copper FPO retail investors (RII) are offered 11,86,800 shares while in SM Auto IPO retail investors are offered 11,86,800 shares. Qualified institutional buyers (QIB) are offered in Madhav Copper FPO and in SM Auto IPO.

	Madhav Copper FPO	SM Auto IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,26,000 shares	36,00,000 shares
QIB
NII	11,86,800 shares	18,20,000 shares
RII	11,86,800 shares	18,20,000 shares
Employee
Others
Total	23,73,600 shares	36,40,000 shares

Bids Received (Subscription)

Madhav Copper FPO subscribed 1.74x in total, whereas SM Auto IPO subscribed 1.34x.

	Madhav Copper FPO	SM Auto IPO
QIB (times)
NII (times)	1.72x	2.21x
Big NII (times)
Small NII (times)
RII (times)	1.77x	0.47x
Employee (times)
Other (times)
Total (times)	1.74x	1.34x

Compare with others

Madhav Copper FPO	SM Auto IPO
RO Jewels IPO	DJ Mediaprint IPO
SM Auto IPO	Laxmi Goldorna IPO
ICL Dairy IPO	Cospower Engineering IPO
CBC Pharma IPO	Nirmitee Robotics IPO
Tranway IPO	RO Jewels IPO
Janus IPO	ICL Dairy IPO
HindPrakash IPO	CBC Pharma IPO
Gian Lifecare IPO	Tranway IPO
Vaxtex Cotfab IPO	Madhav Copper FPO
Valencia IPO	Janus IPO

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