AccelerateBS India IPO vs Magson IPO

Comparision between AccelerateBS India IPO and Magson IPO.

IPO Details

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

	AccelerateBS India IPO	Magson IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Shreni Shares Limited	Isk Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Shreni Shares Limited	Sunflower Broking Private Limited
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 AccelerateBS India IPO is up to ₹5.69 Cr whereas the issue size of the Magson IPO is up to ₹13.74 Cr. The final issue price of AccelerateBS India IPO is ₹90.00 per share and of Magson IPO is ₹65.00 per share.

	AccelerateBS India IPO	Magson IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹90.00 per share	₹65.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	2000 shares
Fresh Issue Size	1,88,800 shares	21,14,000 shares
Fresh Issue Size (Amount)	up to ₹1.70 Cr	up to ₹13.74 Cr
OFS Issue Size	4,43,200 shares
OFS Issue Size (Amount)	up to ₹3.99 Cr
Issue Size Total	6,32,000 shares	21,14,000 shares
Issue Size Total (Amount)	up to ₹5.69 Cr	up to ₹13.74 Cr

IPO Timetable

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

	AccelerateBS India IPO	Magson IPO
Anchor Bid Date
Issue Open	Jul 06, 2023	Jun 23, 2023
Issue Close	Jul 11, 2023	Jun 27, 2023
Basis Of Allotment (Tentative)	Jul 14, 2023	Jul 03, 2023
Initiation of Refunds (Tentative)	Jul 17, 2023	Jul 04, 2023
Credit of Share (Tentative)	Jul 18, 2023	Jul 05, 2023
Listing date (Tentative)	Jul 19, 2023	Jul 06, 2023
Anchor Lockin End date 1	Aug 13, 2023	Aug 02, 2023
Anchor Lockin End date 2	Oct 12, 2023	Oct 01, 2023

Financials

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

AccelerateBS India IPO

Magson IPO

Financial

AccelerateBS India Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	125.10	493.35	68.35	53.05
31-Mar-21	180.95	451.92	42.53	102.46	24.00
31-Mar-22	200.65	355.69	25.91	111.03	45.34
31-Jan-23	283.25	164.92	26.22	205.42	33.82
Amount in ₹ Lakhs

Magson Retail And Distribution Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	833.45	3,241.22	166.31	169.04	168.04	354.00
31-Mar-21	1,283.84	5,358.92	181.75	350.80	349.80	386.60
31-Mar-22	1,494.69	5,566.77	223.36	574.06	573.06	344.72
31-Mar-23	1,999.87	6,301.49	251.88	926.25	352.65	321.95
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

95.89%

Promoter Shareholding (Post-Issue)

70.59%

70.06%

P/E Ratio

27.27

20.25

Market Cap

₹19.34 Cr.

₹51.03 Cr.

ROE

15.80%%

ROCE

19.44%%

Debt/Equity

0.16

0.35

EPS

₹1.38

₹4.96

RoNW

12.77%%

27.19%%

Shares Offered

In the AccelerateBS India IPO retail investors (RII) are offered 2,99,200 shares while in Magson IPO retail investors are offered 2,99,200 shares. Qualified institutional buyers (QIB) are offered 0 shares in AccelerateBS India IPO and 0 shares in Magson IPO.

	AccelerateBS India IPO	Magson IPO
Anchor Investor Reserveration
Market Maker Reserveration	33,600 shares	1,06,000 shares
QIB	0 shares	0 shares
NII	2,99,200 shares	10,04,000 shares
RII	2,99,200 shares	10,04,000 shares
Employee	0 shares	0 shares
Others
Total	5,98,400 shares	20,08,000 shares

Bids Received (Subscription)

AccelerateBS India IPO subscribed 49.19x in total, whereas Magson IPO subscribed 6.74x.

	AccelerateBS India IPO	Magson IPO
QIB (times)
NII (times)	39.25x	6.09x
Big NII (times)
Small NII (times)
RII (times)	59.11x	7.38x
Employee (times)
Other (times)
Total (times)	49.19x	6.74x

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Magson IPO	Aatmaj Healthcare IPO

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