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Hi-Green Carbon IPO vs Marco Cables IPO

Comparison between Hi-Green Carbon IPO and Marco Cables IPO.

IPO Details

Hi-Green Carbon IPO is a SME Fixed Price IPO proposed to list at NSE SME while Marco Cables IPO is a SME Fixed Price proposed to list at NSE SME.

 Hi-Green Carbon IPOMarco Cables IPO
LogoHi-Green Carbon IPO LogoMarco Cables IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Shreni Shares Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerSpread X Securities Pvt.Ltd.Shreni Shares Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Hi-Green Carbon IPO is up to ₹49.64 Cr whereas the issue size of the Marco Cables IPO is up to ₹17.69 Cr. The final issue price of Hi-Green Carbon IPO is ₹75.00 per share and of Marco Cables IPO is ₹36.00 per share.

 Hi-Green Carbon IPOMarco Cables IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹71.00 per share
Issue Price (Upper)₹75.00 per share
Issue Price (Final)₹75.00 per share₹36.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares3000 shares
Fresh Issue Size55,69,200 shares23,13,000 shares
Fresh Issue Size (Amount)up to ₹41.77 Crup to ₹8.33 Cr
OFS Issue Size10,50,000 shares26,01,000 shares
OFS Issue Size (Amount)up to ₹7.88 Crup to ₹9.36 Cr
Issue Size Total66,19,200 shares49,14,000 shares
Issue Size Total (Amount)up to ₹49.64 Crup to ₹17.69 Cr

IPO Timetable

Hi-Green Carbon IPO opens on Sep 21, 2023, while Marco Cables IPO opens on Sep 21, 2023. The closing date of Hi-Green Carbon IPO and Marco Cables IPO is Sep 25, 2023, and Sep 25, 2023, respectively.

 Hi-Green Carbon IPOMarco Cables IPO
Anchor Bid DateSep 20, 2023
Issue OpenSep 21, 2023Sep 21, 2023
Issue CloseSep 25, 2023Sep 25, 2023
Basis Of Allotment (Tentative)Sep 28, 2023Sep 28, 2023
Initiation of Refunds (Tentative)Sep 29, 2023Sep 29, 2023
Credit of Share (Tentative)Oct 03, 2023Oct 03, 2023
Listing date (Tentative)Sep 28, 2023Sep 28, 2023
Anchor Lockin End date 1Oct 28, 2023
Anchor Lockin End date 2Dec 27, 2023

Financials & KPIs

Hi-Green Carbon IPO P/E ratio is 13.13, as compared to Marco Cables IPO P/E ratio of 20.22.

 Hi-Green Carbon IPOMarco Cables IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets43.8834.2433.11
Total Income79.0451.1424.29
Profit After Tax10.853.680.10
NET Worth22.5911.748.06
Reserves and Surplus3.59-7.26-10.94
Total Borrowing13.6215.8717.83
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets69.9359.5556.59
Total Income56.9456.6542.83
Profit After Tax2.810.330.12
NET Worth15.619.459.11
Reserves and Surplus12.396.556.22
Total Borrowing37.5836.6535.22
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.00100.00
Promoter Shareholding (Post-Issue)71.8372.18
P/E Ratio13.1320.22
Market Cap₹187.43 Cr.₹67.32 Cr.
ROE63.1922.41
ROCE64.7016.93
Debt/Equity0.602.41
EPS₹5.71₹1.78
RoNW48.0217.98

Shares Offered

In the Hi-Green Carbon IPO Retail Individual Investors (RII) are offered 23,16,800 shares while in Marco Cables IPO retail investors are offered 23,16,800 shares. Qualified Institutional Buyers (QIB) are offered 13,23,200 shares in Hi-Green Carbon IPO and in Marco Cables IPO.

 Hi-Green Carbon IPOMarco Cables IPO
Anchor Investor Reservation19,84,000 shares
Market Maker Reservation4,20,800 shares2,88,000 shares
QIB13,23,200 shares
NII9,95,200 shares24,57,000 shares
RII23,16,800 shares24,57,000 shares
Employee
Others
Total66,19,200 shares49,14,000 shares

Bids Received (Subscription)

Hi-Green Carbon IPO subscribed 118.25x in total, whereas Marco Cables IPO subscribed 29.80x.

 Hi-Green Carbon IPOMarco Cables IPO
QIB (times)69.95x
NII (times)236.38x24.36x
Big NII (times)
Small NII (times)
RII (times)196.35x35.24x
Employee (times)
Other (times)
Total (times)118.25x29.80x

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Hi-Green Carbon IPO Vs Marco Cables IPO