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Maiden Forgings IPO vs MOS Utility IPO

Comparision between Maiden Forgings IPO and MOS Utility IPO.

IPO Details

Maiden Forgings IPO is a SME Book Built Issue IPO proposed to list at BSE SME while MOS Utility IPO is a SME Book Built Issue proposed to list at NSE SME.

  Maiden Forgings IPO MOS Utility IPO
Logo Maiden Forgings IPO Logo MOS Utility IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Book Built Issue
Listing At BSE SME NSE SME
Lead Managers Share India Capital Services Private Limited Unistone Capital Pvt Ltd
Registrar Maashitla Securities Private Limited Skyline Financial Services Private Ltd
Market Maker Share India Securities Limited Rikhav Securities 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 Maiden Forgings IPO is up to ₹23.84 Cr whereas the issue size of the MOS Utility IPO is up to ₹49.97 Cr. The final issue price of Maiden Forgings IPO is ₹63.00 per share and of MOS Utility IPO is ₹76.00 per share.

  Maiden Forgings IPO MOS Utility IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹60.00 per share ₹72.00 per share
Issue Price (Upper) ₹63.00 per share ₹76.00 per share
Issue Price (Final) ₹63.00 per share ₹76.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 1600 shares
Fresh Issue Size 37,84,000 shares 57,74,400 shares
Fresh Issue Size (Amount) up to ₹23.84 Cr up to ₹43.89 Cr
OFS Issue Size 8,00,000 shares
OFS Issue Size (Amount) up to ₹6.08 Cr
Issue Size Total 37,84,000 shares 65,74,400 shares
Issue Size Total (Amount) up to ₹23.84 Cr up to ₹49.97 Cr

IPO Timetable

Maiden Forgings IPO opens on Mar 23, 2023, while MOS Utility IPO opens on Mar 31, 2023. The closing date of Maiden Forgings IPO and MOS Utility IPO is Mar 27, 2023, and Apr 06, 2023, respectively.

  Maiden Forgings IPO MOS Utility IPO
Anchor Bid Date Mar 22, 2023 Mar 29, 2023
Issue Open Mar 23, 2023 Mar 31, 2023
Issue Close Mar 27, 2023 Apr 06, 2023
Basis Of Allotment (Tentative) Mar 31, 2023 Apr 12, 2023
Initiation of Refunds (Tentative) Apr 03, 2023 Apr 13, 2023
Credit of Share (Tentative) Apr 05, 2023 Apr 17, 2023
Listing date (Tentative) Apr 06, 2023 Apr 18, 2023
Anchor Lockin End date 1 Apr 30, 2023 May 12, 2023
Anchor Lockin End date 2 Jun 29, 2023 Jul 11, 2023

Financials

Maiden Forgings IPO P/E ratio is 8.38, as compared to MOS Utility IPO P/E ratio of 48.41.

  Maiden Forgings IPO MOS Utility IPO
Financial
Maiden Forgings Limited Financial Information (Restated Standalone)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-209,890.0520,440.37165.952,136.921,672.025,788.13
31-Mar-2110,484.2519,937.49168.942,899.112,377.715,428.93
31-Mar-2211,014.2321,083.72213.943,113.052,591.656,170.75
31-Dec-2212,595.6916,381.04801.513,914.562,871.766,525.17
Amount in ₹ Lakhs
MOS Utility Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-202,513.429,156.51128.59602.42583.23538.08
31-Mar-212,459.026,792.0784.69687.11667.92812.23
31-Mar-223,513.488,096.01157.67844.78825.601,296.32
30-Sep-224,970.945,435.41195.841,940.6362.01878.59
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100% 82.91%
Promoter Shareholding (Post-Issue) 73.37%
P/E Ratio 8.38 48.41
Market Cap ₹89.54 Cr. ₹189.51 Cr.
ROE 14.06%%
ROCE 11.26%%
Debt/Equity 0.45
EPS
RoNW

Shares Offered

In the Maiden Forgings IPO retail investors (RII) are offered 22,64,000 shares while in MOS Utility IPO retail investors are offered 22,64,000 shares. Qualified institutional buyers (QIB) are offered 3,60,000 shares in Maiden Forgings IPO and 15,23,200 shares in MOS Utility IPO.

  Maiden Forgings IPO MOS Utility IPO
Anchor Investor Reserveration 15,98,400 shares
Market Maker Reserveration 1,90,000 shares 3,29,600 shares
QIB 3,60,000 shares 15,23,200 shares
NII 9,70,000 shares 9,37,600 shares
RII 22,64,000 shares 21,85,600 shares
Employee 0 shares 0 shares
Others
Total 37,84,000 shares 46,46,400 shares

Bids Received (Subscription)

Maiden Forgings IPO subscribed 1.20x in total, whereas MOS Utility IPO subscribed 21.14x.

  Maiden Forgings IPO MOS Utility IPO
QIB (times) 1.00x 11.67x
NII (times) 1.42x 57.90x
Big NII (times)
Small NII (times)
RII (times) 1.12x 11.98x
Employee (times)
Other (times)
Total (times) 1.20x 21.14x

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