Magson IPO vs Pentagon Rubber IPO

Comparision between Magson IPO and Pentagon Rubber IPO.

IPO Details

Magson IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Pentagon Rubber IPO is a SME Book Built Issue proposed to list at NSE SME.

	Magson IPO	Pentagon Rubber 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	Isk Advisors Pvt Ltd	Beeline Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private Ltd
Market Maker	Sunflower Broking Private Limited	Sunflower 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 Magson IPO is up to ₹13.74 Cr whereas the issue size of the Pentagon Rubber IPO is up to ₹16.17 Cr. The final issue price of Magson IPO is ₹65.00 per share and of Pentagon Rubber IPO is ₹70.00 per share.

	Magson IPO	Pentagon Rubber IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹65.00 per share
Issue Price (Upper)		₹70.00 per share
Issue Price (Final)	₹65.00 per share	₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	21,14,000 shares	23,10,000 shares
Fresh Issue Size (Amount)	up to ₹13.74 Cr	up to ₹16.17 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	21,14,000 shares	23,10,000 shares
Issue Size Total (Amount)	up to ₹13.74 Cr	up to ₹16.17 Cr

IPO Timetable

Magson IPO opens on Jun 23, 2023, while Pentagon Rubber IPO opens on Jun 26, 2023. The closing date of Magson IPO and Pentagon Rubber IPO is Jun 27, 2023, and Jun 30, 2023, respectively.

	Magson IPO	Pentagon Rubber IPO
Anchor Bid Date		Jun 23, 2023
Issue Open	Jun 23, 2023	Jun 26, 2023
Issue Close	Jun 27, 2023	Jun 30, 2023
Basis Of Allotment (Tentative)	Jul 03, 2023	Jul 05, 2023
Initiation of Refunds (Tentative)	Jul 04, 2023	Jul 06, 2023
Credit of Share (Tentative)	Jul 05, 2023	Jul 07, 2023
Listing date (Tentative)	Jul 06, 2023	Jul 07, 2023
Anchor Lockin End date 1	Aug 02, 2023	Aug 04, 2023
Anchor Lockin End date 2	Oct 01, 2023	Oct 03, 2023

Financials

Magson IPO P/E ratio is 20.25, as compared to Pentagon Rubber IPO P/E ratio of 18.76.

Magson IPO

Pentagon Rubber IPO

Financial

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

Pentagon Rubber Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2,132.82	1,939.25	93.81	135.48	-264.52	1,244.86
31-Mar-21	2,588.99	2,319.69	110.30	245.78	-154.22	1,649.42
31-Mar-22	2,802.18	3,511.59	308.66	554.43	154.43	1,758.61
31-Dec-22	2,956.70	2,997.88	215.86	770.30	230.30	1,669.79
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

95.89%

100%

Promoter Shareholding (Post-Issue)

70.06%

70.04%

P/E Ratio

20.25

18.76

Market Cap

₹51.03 Cr.

₹53.97 Cr.

ROE

32.59%%

ROCE

27.16%%

Debt/Equity

0.35

2.17

EPS

₹4.96

₹3.83

RoNW

27.19%%

55.67%%

Shares Offered

In the Magson IPO retail investors (RII) are offered 10,04,000 shares while in Pentagon Rubber IPO retail investors are offered 10,04,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Magson IPO and 4,38,000 shares in Pentagon Rubber IPO.

	Magson IPO	Pentagon Rubber IPO
Anchor Investor Reserveration		6,56,000 shares
Market Maker Reserveration	1,06,000 shares	1,16,000 shares
QIB	0 shares	4,38,000 shares
NII	10,04,000 shares	3,30,000 shares
RII	10,04,000 shares	7,70,000 shares
Employee	0 shares	0 shares
Others
Total	20,08,000 shares	15,38,000 shares

Bids Received (Subscription)

Magson IPO subscribed 6.74x in total, whereas Pentagon Rubber IPO subscribed 106.20x.

	Magson IPO	Pentagon Rubber IPO
QIB (times)		27.62x
NII (times)	6.09x	153.33x
Big NII (times)
Small NII (times)
RII (times)	7.38x	130.70x
Employee (times)
Other (times)
Total (times)	6.74x	106.20x

Compare with others

Magson IPO	Pentagon Rubber IPO
AccelerateBS India IPO	Global Pet Industries IPO
Synoptics Technologies IPO	Tridhya Tech IPO
Alphalogic Industries IPO	Magson IPO
Global Pet Industries IPO	Greenchef Appliances IPO
Tridhya Tech IPO	Veefin Solutions IPO
Greenchef Appliances IPO	Kaka Industries IPO
Veefin Solutions IPO	Aatmaj Healthcare IPO
Pentagon Rubber IPO	Essen Speciality Films IPO
Kaka Industries IPO	Vilin Bio Med IPO
Aatmaj Healthcare IPO	Cell Point (India) IPO

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