Marinetrans India IPO vs Shanti Spintex IPO

Comparision between Marinetrans India IPO and Shanti Spintex IPO.

IPO Details

Marinetrans India IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Shanti Spintex IPO is a SME Book Built Issue proposed to list at BSE SME.

	Marinetrans India IPO	Shanti Spintex IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	BSE SME
Lead Managers	Swaraj shares and securities private limited	Hem Securities Limited
Registrar	Skyline Financial Services Private Ltd	Kfin Technologies Limited
Market Maker	Nnm Securities Private Limited	Hem Finlease Private 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 Marinetrans India IPO is up to ₹10.92 Cr whereas the issue size of the Shanti Spintex IPO is up to ₹31.25 Cr. The final issue price of Marinetrans India IPO is ₹26.00 per share and of Shanti Spintex IPO is ₹70.00 per share.

	Marinetrans India IPO	Shanti Spintex IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹66.00 per share
Issue Price (Upper)		₹70.00 per share
Issue Price (Final)	₹26.00 per share	₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	2000 shares
Fresh Issue Size	42,00,000 shares	26,88,000 shares
Fresh Issue Size (Amount)	up to ₹10.92 Cr	up to ₹18.82 Cr
OFS Issue Size		17,76,000 shares
OFS Issue Size (Amount)		up to ₹12.43 Cr
Issue Size Total	42,00,000 shares	44,64,000 shares
Issue Size Total (Amount)	up to ₹10.92 Cr	up to ₹31.25 Cr

IPO Timetable

Marinetrans India IPO opens on Nov 30, 2023, while Shanti Spintex IPO opens on Dec 19, 2023. The closing date of Marinetrans India IPO and Shanti Spintex IPO is Dec 05, 2023, and Dec 21, 2023, respectively.

	Marinetrans India IPO	Shanti Spintex IPO
Anchor Bid Date
Issue Open	Nov 30, 2023	Dec 19, 2023
Issue Close	Dec 05, 2023	Dec 21, 2023
Basis Of Allotment (Tentative)	Dec 06, 2023	Dec 22, 2023
Initiation of Refunds (Tentative)	Dec 07, 2023	Dec 26, 2023
Credit of Share (Tentative)	Dec 07, 2023	Dec 26, 2023
Listing date (Tentative)	Dec 08, 2023	Dec 27, 2023
Anchor Lockin End date 1	Jan 05, 2024	Jan 21, 2024
Anchor Lockin End date 2	Mar 05, 2024	Mar 21, 2024

Financials

Marinetrans India IPO P/E ratio is 14.53, as compared to Shanti Spintex IPO P/E ratio of 9.82.

Marinetrans India IPO

Shanti Spintex IPO

Financial

Marinetrans India Limited Financial Information (Restated Consolidated)

Marinetrans India Limited's revenue decreased by -26.03% and profit after tax (PAT) dropped by -17.94% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 May 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,615.36	2,618.58	2,305.89	2,204.06
Revenue	1,384.38	15,036.84	20,327.23	9,613.13
Profit After Tax	13.91	152.83	186.24	79.78
Net Worth	1,617.96	1,604.04	1,451.22	1,255.94
Reserves and Surplus
Total Borrowing	603.68	557.98	252.75	212.38
Amount in ₹ Lakhs

Shanti Spintex Limited Financial Information (Restated)

Shanti Spintex Limited's revenue increased by 45.23% and profit after tax (PAT) rose by 108.14% 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	17,457.31	17,588.33	13,631.33	11,926.82
Revenue	16,237.63	37,071.27	25,526.51	11,293.73
Profit After Tax	523.75	1,012.81	486.59	337.53
Net Worth	6,122.31	5,603.93	4,622.73	4,136.14
Reserves and Surplus	4,702.31	4,893.93	3,912.73	3,426.14
Total Borrowing	3,474.45	4,177.66	4,868.64	4,278.83
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

87.49%

Promoter Shareholding (Post-Issue)

73.57%

P/E Ratio

14.53

9.82

Market Cap

₹33.09 Cr.

₹118.22 Cr.

ROE

10.00%%

19.81%%

ROCE

11.29%%

10.12%%

Debt/Equity

0.35

0.75

EPS

₹1.79

₹7.13

RoNW

9.53%%

18.07%%

Shares Offered

In the Marinetrans India IPO retail investors (RII) are offered 19,92,000 shares while in Shanti Spintex IPO retail investors are offered 19,92,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Marinetrans India IPO and 8,48,000 shares in Shanti Spintex IPO.

	Marinetrans India IPO	Shanti Spintex IPO
Anchor Investor Reserveration		12,72,000 shares
Market Maker Reserveration	2,16,000 shares	2,24,000 shares
QIB	0 shares	8,48,000 shares
NII	19,92,000 shares	6,36,000 shares
RII	19,92,000 shares	14,84,000 shares
Employee	0 shares	0 shares
Others
Total	39,84,000 shares	29,68,000 shares

Bids Received (Subscription)

Marinetrans India IPO subscribed 33.00x in total, whereas Shanti Spintex IPO subscribed 27.38x.

	Marinetrans India IPO	Shanti Spintex IPO
QIB (times)		14.34x
NII (times)	18.05x	57.28x
Big NII (times)
Small NII (times)
RII (times)	47.24x	22.01x
Employee (times)
Other (times)
Total (times)	33.00x	27.38x

Compare with others

Marinetrans India IPO	Shanti Spintex IPO
Shree OSFM E-Mobility IPO	Siyaram Recycling IPO
Siyaram Recycling IPO	Presstonic Engineering IPO
Presstonic Engineering IPO	S J Logistics IPO
S J Logistics IPO	Accent Microcell IPO
Accent Microcell IPO	Marinetrans India IPO
Shanti Spintex IPO	Graphisads IPO
Graphisads IPO	AMIC Forging IPO
AMIC Forging IPO	Net Avenue Technologies IPO
Net Avenue Technologies IPO	Deepak Chemtex IPO
Deepak Chemtex IPO	Swashthik Plascon IPO

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