AccelerateBS IPO vs Magson Retail IPO

Comparison between AccelerateBS IPO and Magson Retail IPO.

IPO Details

AccelerateBS IPO is a SME Fixed Price IPO proposed to list at BSE SME while Magson Retail IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of AccelerateBS IPO is up to ₹5.39 Cr whereas the issue size of the Magson Retail IPO is up to ₹13.05 Cr. The final issue price of AccelerateBS IPO is ₹90.00 per share and of Magson Retail IPO is ₹65.00 per share.

 AccelerateBS IPOMagson Retail IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹90.00 per share₹65.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1600 shares2000 shares
Fresh Issue Size1,55,200 shares20,08,000 shares
Fresh Issue Size (Amount)up to ₹1.40 Crup to ₹13.05 Cr
OFS Issue Size4,43,200 shares0 shares
OFS Issue Size (Amount)up to ₹3.99 Crup to ₹0.00 Cr
Issue Size Total5,98,400 shares20,08,000 shares
Issue Size Total (Amount)up to ₹5.39 Crup to ₹13.05 Cr

IPO Timetable

AccelerateBS IPO opens on Jul 06, 2023, while Magson Retail IPO opens on Jun 23, 2023. The closing date of AccelerateBS IPO and Magson Retail IPO is Jul 11, 2023, and Jun 27, 2023, respectively.

 AccelerateBS IPOMagson Retail IPO
Issue OpenJul 06, 2023Jun 23, 2023
Issue CloseJul 11, 2023Jun 27, 2023
Basis Of Allotment (Tentative)Jul 14, 2023Jul 03, 2023
Initiation of Refunds (Tentative)Jul 17, 2023Jul 04, 2023
Credit of Share (Tentative)Jul 18, 2023Jul 05, 2023
Listing date (Tentative)Jul 19, 2023Jul 06, 2023

Financials & KPIs

AccelerateBS IPO P/E ratio is 27.27, as compared to Magson Retail IPO P/E ratio of 20.25.

 AccelerateBS IPOMagson Retail IPO
Financials

Company Financials (Restated)

Period Ended31 Jan 202331 Mar 202231 Mar 202131 Mar 2020
Assets2.832.011.811.25
Total Income1.653.564.524.93
Profit After Tax0.260.260.430.68
NET Worth2.051.111.020.53
Total Borrowing0.340.450.24
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets20.0014.9512.848.33
Total Income63.0155.6753.5932.41
Profit After Tax2.522.231.821.66
NET Worth9.265.743.511.69
Reserves and Surplus3.535.733.501.68
Total Borrowing3.223.453.873.54
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%95.89%
Promoter Shareholding (Post-Issue)70.59%70.06%
P/E Ratio27.2720.25
Market Cap₹19.34 Cr.₹51.03 Cr.
ROE15.80
ROCE19.44
Debt/Equity0.160.35
EPS₹1.38₹4.96
RoNW12.7727.19

Shares Offered

In the AccelerateBS IPO Retail Individual Investors (RII) are offered 2,99,200 shares while in Magson Retail IPO retail investors are offered 2,99,200 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in AccelerateBS IPO and in Magson Retail IPO.

 AccelerateBS IPOMagson Retail IPO
Anchor Investor Reservation0 shares
Market Maker Reservation33,600 shares1,06,000 shares
QIB0 shares
NII2,99,200 shares10,04,000 shares
RII2,99,200 shares10,04,000 shares
Employee0 shares
Total5,98,400 shares20,08,000 shares

Bids Received (Subscription)

AccelerateBS IPO subscribed 49.18x in total, whereas Magson Retail IPO subscribed 6.74x.

 AccelerateBS IPOMagson Retail IPO
NII (times)39.25x6.09x
RII (times)59.11x7.38x
Total (times)49.18x6.74x

Compare with others

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AccelerateBS IPO Vs Magson Retail IPO