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Maiden Forgings IPO vs Nirman Agri Genetics IPO

Comparision between Maiden Forgings IPO and Nirman Agri Genetics IPO.

IPO Details

Maiden Forgings IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Nirman Agri Genetics IPO is a SME Fixed Price Issue proposed to list at NSE SME.

  Maiden Forgings IPO Nirman Agri Genetics IPO
Logo Maiden Forgings IPO Logo Nirman Agri Genetics IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Fixed Price Issue
Listing At BSE SME NSE SME
Lead Managers Share India Capital Services Private Limited First Overseas Capital Limited
Registrar Maashitla Securities Private Limited Bigshare Services Pvt Ltd
Market Maker Share India Securities Limited Nnm Securities 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 Maiden Forgings IPO is up to ₹23.84 Cr whereas the issue size of the Nirman Agri Genetics IPO is up to ₹20.30 Cr. The final issue price of Maiden Forgings IPO is ₹63.00 per share and of Nirman Agri Genetics IPO is ₹99.00 per share.

  Maiden Forgings IPO Nirman Agri Genetics IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹60.00 per share
Issue Price (Upper) ₹63.00 per share
Issue Price (Final) ₹63.00 per share ₹99.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 1200 shares
Fresh Issue Size 37,84,000 shares 20,50,800 shares
Fresh Issue Size (Amount) up to ₹23.84 Cr up to ₹20.30 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 37,84,000 shares 20,50,800 shares
Issue Size Total (Amount) up to ₹23.84 Cr up to ₹20.30 Cr

IPO Timetable

Maiden Forgings IPO opens on Mar 23, 2023, while Nirman Agri Genetics IPO opens on Mar 15, 2023. The closing date of Maiden Forgings IPO and Nirman Agri Genetics IPO is Mar 27, 2023, and Mar 20, 2023, respectively.

  Maiden Forgings IPO Nirman Agri Genetics IPO
Anchor Bid Date Mar 22, 2023
Issue Open Mar 23, 2023 Mar 15, 2023
Issue Close Mar 27, 2023 Mar 20, 2023
Basis Of Allotment (Tentative) Mar 31, 2023 Mar 23, 2023
Initiation of Refunds (Tentative) Apr 03, 2023 Mar 24, 2023
Credit of Share (Tentative) Apr 05, 2023 Mar 27, 2023
Listing date (Tentative) Apr 06, 2023 Mar 28, 2023
Anchor Lockin End date 1 Apr 30, 2023 Apr 22, 2023
Anchor Lockin End date 2 Jun 29, 2023 Jun 21, 2023

Financials

Maiden Forgings IPO P/E ratio is 8.38, as compared to Nirman Agri Genetics IPO P/E ratio of 14.93.

  Maiden Forgings IPO Nirman Agri Genetics 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
Nirman Agri Genetics Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-21164.06382.215.476.4799.19
31-Mar-22595.871,348.91256.02264.41124.67
31-Oct-22915.701,804.28230.44447.51171.41
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100% 99.99%
Promoter Shareholding (Post-Issue) 73.37% 65.59%
P/E Ratio 8.38 14.93
Market Cap ₹89.54 Cr. ₹59.01 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Maiden Forgings IPO retail investors (RII) are offered 22,64,000 shares while in Nirman Agri Genetics IPO retail investors are offered 22,64,000 shares. Qualified institutional buyers (QIB) are offered 3,60,000 shares in Maiden Forgings IPO and in Nirman Agri Genetics IPO.

  Maiden Forgings IPO Nirman Agri Genetics IPO
Anchor Investor Reserveration
Market Maker Reserveration 1,90,000 shares 1,04,400 shares
QIB 3,60,000 shares
NII 9,70,000 shares 9,73,200 shares
RII 22,64,000 shares 9,73,200 shares
Employee 0 shares
Others
Total 37,84,000 shares 19,46,400 shares

Bids Received (Subscription)

Maiden Forgings IPO subscribed 1.20x in total, whereas Nirman Agri Genetics IPO subscribed 1.71x.

  Maiden Forgings IPO Nirman Agri Genetics IPO
QIB (times) 1.00x
NII (times) 1.42x 1.22x
Big NII (times)
Small NII (times)
RII (times) 1.12x 2.20x
Employee (times)
Other (times)
Total (times) 1.20x 1.71x

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