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Maiden Forgings IPO vs Sancode Technologies IPO

Comparision between Maiden Forgings IPO and Sancode Technologies IPO.

IPO Details

Maiden Forgings IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Sancode Technologies IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  Maiden Forgings IPO Sancode Technologies IPO
Logo Maiden Forgings IPO Logo Sancode Technologies IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Fixed Price Issue
Listing At BSE SME BSE SME
Lead Managers Share India Capital Services Private Limited Shreni Shares Limited
Registrar Maashitla Securities Private Limited Bigshare Services Pvt Ltd
Market Maker Share India Securities Limited Shreni Shares 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 Sancode Technologies IPO is up to ₹5.15 Cr. The final issue price of Maiden Forgings IPO is ₹63.00 per share and of Sancode Technologies IPO is ₹47.00 per share.

  Maiden Forgings IPO Sancode Technologies 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 ₹47.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 3000 shares
Fresh Issue Size 37,84,000 shares 10,95,000 shares
Fresh Issue Size (Amount) up to ₹23.84 Cr up to ₹5.15 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 37,84,000 shares 10,95,000 shares
Issue Size Total (Amount) up to ₹23.84 Cr up to ₹5.15 Cr

IPO Timetable

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

  Maiden Forgings IPO Sancode Technologies IPO
Anchor Bid Date Mar 22, 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 Sancode Technologies IPO P/E ratio of 10.71.

  Maiden Forgings IPO Sancode Technologies 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
Sancode Technologies Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20330.4543.08-112.98220.83197.950.22
31-Mar-21313.96159.74-26.17223.56200.6963.73
31-Mar-22349.87244.8175.12287.07264.1920.76
30-Sep-22481.26180.6289.36367.54344.6721.20
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100% 97.47%
Promoter Shareholding (Post-Issue) 73.37% 71.24%
P/E Ratio 8.38 10.71
Market Cap ₹89.54 Cr. ₹19.12 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 Sancode Technologies IPO retail investors are offered 22,64,000 shares. Qualified institutional buyers (QIB) are offered 3,60,000 shares in Maiden Forgings IPO and 0 shares in Sancode Technologies IPO.

  Maiden Forgings IPO Sancode Technologies IPO
Anchor Investor Reserveration
Market Maker Reserveration 1,90,000 shares 57,000 shares
QIB 3,60,000 shares 0 shares
NII 9,70,000 shares 5,19,000 shares
RII 22,64,000 shares 5,19,000 shares
Employee 0 shares 0 shares
Others
Total 37,84,000 shares 10,38,000 shares

Bids Received (Subscription)

Maiden Forgings IPO subscribed 1.20x in total, whereas Sancode Technologies IPO subscribed 3.68x.

  Maiden Forgings IPO Sancode Technologies IPO
QIB (times) 1.00x
NII (times) 1.42x 3.98x
Big NII (times)
Small NII (times)
RII (times) 1.12x 3.39x
Employee (times)
Other (times)
Total (times) 1.20x 3.68x

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