Maxposure IPO vs Shree Marutinandan Tubes IPO

Comparision between Maxposure IPO and Shree Marutinandan Tubes IPO.

IPO Details

Maxposure IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Shree Marutinandan Tubes IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Maxposure IPO	Shree Marutinandan Tubes IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	GYR Capital Advisors Private Limited	Swastika Investmart Ltd
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Giriraj Stock Broking Private Limited	Swastika Investmart 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 Maxposure IPO is up to ₹20.26 Cr whereas the issue size of the Shree Marutinandan Tubes IPO is up to ₹14.30 Cr. The final issue price of Maxposure IPO is ₹33.00 per share and of Shree Marutinandan Tubes IPO is ₹143.00 per share.

	Maxposure IPO	Shree Marutinandan Tubes IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹31.00 per share
Issue Price (Upper)	₹33.00 per share
Issue Price (Final)	₹33.00 per share	₹143.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	1000 shares
Fresh Issue Size	61,40,000 shares	10,00,000 shares
Fresh Issue Size (Amount)	up to ₹20.26 Cr	up to ₹14.30 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	61,40,000 shares	10,00,000 shares
Issue Size Total (Amount)	up to ₹20.26 Cr	up to ₹14.30 Cr

IPO Timetable

Maxposure IPO opens on Jan 15, 2024, while Shree Marutinandan Tubes IPO opens on Jan 12, 2024. The closing date of Maxposure IPO and Shree Marutinandan Tubes IPO is Jan 17, 2024, and Jan 16, 2024, respectively.

	Maxposure IPO	Shree Marutinandan Tubes IPO
Anchor Bid Date	Jan 12, 2024
Issue Open	Jan 15, 2024	Jan 12, 2024
Issue Close	Jan 17, 2024	Jan 16, 2024
Basis Of Allotment (Tentative)	Jan 18, 2024	Jan 17, 2024
Initiation of Refunds (Tentative)	Jan 19, 2024	Jan 18, 2024
Credit of Share (Tentative)	Jan 19, 2024	Jan 18, 2024
Listing date (Tentative)	Jan 23, 2024	Jan 19, 2024
Anchor Lockin End date 1	Feb 17, 2024	Feb 16, 2024
Anchor Lockin End date 2	Apr 17, 2024	Apr 16, 2024

Financials

Maxposure IPO P/E ratio is 12.42, as compared to Shree Marutinandan Tubes IPO P/E ratio of 17.44.

Maxposure IPO

Shree Marutinandan Tubes IPO

Financial

Maxposure Limited Financial Information (Restated)

Maxposure Limited's revenue increased by 1.03% and profit after tax (PAT) rose by 1162.04% 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	5,355.21	4,878.51	4,485.18	4,009.97
Revenue	2,059.05	3,355.55	3,321.31	2,247.27
Profit After Tax	370.83	441.21	34.96	36.22
Net Worth	3,478.21	3,114.34	2,666.17	2,631.21
Reserves and Surplus	3,146.19	2,775.36	2,334.15	2,299.19
Total Borrowing	462.31	333.76	293.65	418.52
Amount in ₹ Lakhs

Shree Marutinandan Tubes Limited Financial Information (Restated)

Shree Marutinandan Tubes Limited's revenue increased by 0.09% and profit after tax (PAT) rose by 3257.07% 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	2,234.29	1,617.60	1,284.83	1,301.03
Revenue	4,284.64	4,722.58	4,718.49	3,597.28
Profit After Tax	141.99	201.76	6.01	13.30
Net Worth	409.70	267.74	65.98	59.98
Reserves and Surplus	163.73	247.24	45.48	39.48
Total Borrowing	607.28	716.90	688.89	795.31
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

84.35%

82.00%

Promoter Shareholding (Post-Issue)

61.58%

58.30%

P/E Ratio

12.42

17.44

Market Cap

₹75.05 Cr.

₹49.48 Cr.

ROE

14.39%%

120.91%%

ROCE

19.55%%

78.52%%

Debt/Equity

0.03

2.68

EPS

₹2.66

₹8.20

RoNW

14.20%%

75.36%%

Shares Offered

In the Maxposure IPO retail investors (RII) are offered 20,48,000 shares while in Shree Marutinandan Tubes IPO retail investors are offered 20,48,000 shares. Qualified institutional buyers (QIB) are offered 11,40,000 shares in Maxposure IPO and 0 shares in Shree Marutinandan Tubes IPO.

	Maxposure IPO	Shree Marutinandan Tubes IPO
Anchor Investor Reserveration	17,00,000 shares
Market Maker Reserveration	3,72,000 shares	50,000 shares
QIB	11,40,000 shares	0 shares
NII	8,80,000 shares	4,75,000 shares
RII	20,48,000 shares	4,75,000 shares
Employee	0 shares	0 shares
Others
Total	40,68,000 shares	9,50,000 shares

Bids Received (Subscription)

Maxposure IPO subscribed 987.47x in total, whereas Shree Marutinandan Tubes IPO subscribed 47.16x.

	Maxposure IPO	Shree Marutinandan Tubes IPO
QIB (times)	162.35x
NII (times)	1,947.55x	32.67x
Big NII (times)
Small NII (times)
RII (times)	1,034.23x	59.71x
Employee (times)
Other (times)
Total (times)	987.47x	47.16x

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Konstelec Engineers IPO	Maxposure IPO
Shree Marutinandan Tubes IPO	Australian Premium Solar (India) IPO
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Lawsikho IPO	IBL Finance IPO
IBL Finance IPO	New Swan Multitech IPO
New Swan Multitech IPO	Kaushalya Logistics IPO

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