IBL Finance IPO vs MCPL IPO

Comparision between IBL Finance IPO and MCPL IPO.

IPO Details

IBL Finance IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while MCPL IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	IBL Finance IPO	MCPL IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Fedex Securities Pvt Ltd	Swaraj shares and securities private limited
Registrar	Bigshare Services Pvt Ltd	Purva Sharegistry India Pvt Ltd
Market Maker	Market-Hub Stock Broking Private 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 IBL Finance IPO is up to ₹33.41 Cr whereas the issue size of the MCPL IPO is up to ₹14.47 Cr. The final issue price of IBL Finance IPO is ₹51.00 per share and of MCPL IPO is ₹62.00 per share.

	IBL Finance IPO	MCPL IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹51.00 per share	₹62.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	65,50,000 shares	23,34,000 shares
Fresh Issue Size (Amount)	up to ₹33.41 Cr	up to ₹14.47 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	65,50,000 shares	23,34,000 shares
Issue Size Total (Amount)	up to ₹33.41 Cr	up to ₹14.47 Cr

IPO Timetable

IBL Finance IPO opens on Jan 09, 2024, while MCPL IPO opens on Dec 27, 2023. The closing date of IBL Finance IPO and MCPL IPO is Jan 11, 2024, and Dec 29, 2023, respectively.

	IBL Finance IPO	MCPL IPO
Anchor Bid Date
Issue Open	Jan 09, 2024	Dec 27, 2023
Issue Close	Jan 11, 2024	Dec 29, 2023
Basis Of Allotment (Tentative)	Jan 12, 2024	Jan 01, 2024
Initiation of Refunds (Tentative)	Jan 15, 2024	Jan 02, 2024
Credit of Share (Tentative)	Jan 15, 2024	Jan 02, 2024
Listing date (Tentative)	Jan 16, 2024	Jan 03, 2024
Anchor Lockin End date 1	Feb 11, 2024	Jan 31, 2024
Anchor Lockin End date 2	Apr 11, 2024	Mar 31, 2024

Financials

IBL Finance IPO P/E ratio is 48.08, as compared to MCPL IPO P/E ratio of 0.26.

IBL Finance IPO

MCPL IPO

Financial

IBL Finance Limited Financial Information (Restated)

IBL Finance Limited's revenue increased by 307.59% and profit after tax (PAT) rose by 351.28% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Jul 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,317.60	2,218.11	1,022.85	339.10
Revenue	492.58	1,333.13	327.08	112.59
Profit After Tax	120.60	192.83	42.73	-9.88
Net Worth	2,169.34	2,048.74	355.47	312.73
Reserves and Surplus	351.27	1,139.71	29.47	-13.27
Total Borrowing	7.51	9.12	640.58
Amount in ₹ Lakhs

Manoj Ceramic Limited Financial Information (Restated)

Manoj Ceramic Limited's revenue increased by 66.54% and profit after tax (PAT) rose by 283.52% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	8,491.23	7,787.64	5,866.52	6,074.55
Revenue	4,374.54	7,493.48	4,499.62	3,730.84
Profit After Tax	301.75	362.43	94.50	8.24
Net Worth	1,610.05	1,310.05	947.62	853.11
Reserves and Surplus	760.05	910.05	547.62	453.11
Total Borrowing	5,862.72	5,054.97	3,495.83	3,926.16
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

85.55%

99.55%

Promoter Shareholding (Post-Issue)

62.89%

71.67%

P/E Ratio

48.08

0.26

Market Cap

₹126.13 Cr.

₹51.67 Cr.

ROE

9.41%%

ROCE

18.88%%

Debt/Equity

3.86

EPS

₹1.06

₹241.62

RoNW

9.41%%

27.67%%

Shares Offered

In the IBL Finance IPO retail investors (RII) are offered 31,10,000 shares while in MCPL IPO retail investors are offered 31,10,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in IBL Finance IPO and 0 shares in MCPL IPO.

	IBL Finance IPO	MCPL IPO
Anchor Investor Reserveration
Market Maker Reserveration	3,30,000 shares	1,18,000 shares
QIB	0 shares	0 shares
NII	31,10,000 shares	11,08,000 shares
RII	31,10,000 shares	11,08,000 shares
Employee	0 shares	0 shares
Others
Total	62,20,000 shares	22,16,000 shares

Bids Received (Subscription)

IBL Finance IPO subscribed 17.00x in total, whereas MCPL IPO subscribed 9.00x.

	IBL Finance IPO	MCPL IPO
QIB (times)
NII (times)	9.94x	7.28x
Big NII (times)
Small NII (times)
RII (times)	24.03x	10.73x
Employee (times)
Other (times)
Total (times)	17.00x	9.00x

Compare with others

IBL Finance IPO	MCPL IPO
Konstelec Engineers IPO	IBL Finance IPO
Maxposure IPO	New Swan Multitech IPO
Shree Marutinandan Tubes IPO	Kaushalya Logistics IPO
Australian Premium Solar (India) IPO	Akanksha Power and Infrastructure IPO
Lawsikho IPO	HRH Next Services IPO
New Swan Multitech IPO	Kay Cee Energy & Infra IPO
Kaushalya Logistics IPO	Balaji Valve Components IPO
Akanksha Power and Infrastructure IPO	AIK Pipes And Polymers IPO
HRH Next Services IPO	Indifra IPO
MCPL IPO	Sameera Agro IPO

1 Comments

1. Sekar r

| Link|January 10, 2024 4:37:07 PMReply

It looks Jyoti ipo seems to be safe for retail investors