Mayank Cattle Food IPO vs Rudra Gas Enterprise IPO

Comparision between Mayank Cattle Food IPO and Rudra Gas Enterprise IPO.

IPO Details

Mayank Cattle Food IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Rudra Gas Enterprise IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Mayank Cattle Food IPO	Rudra Gas Enterprise IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Finshore Management Services Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Cameo Corporate Services Limited	Link Intime India Private Ltd
Market Maker	Rikhav Securities Limited	Spread X Securities Private 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 Mayank Cattle Food IPO is up to ₹19.44 Cr whereas the issue size of the Rudra Gas Enterprise IPO is up to ₹14.16 Cr. The final issue price of Mayank Cattle Food IPO is ₹108.00 per share and of Rudra Gas Enterprise IPO is ₹63.00 per share.

	Mayank Cattle Food IPO	Rudra Gas Enterprise IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹108.00 per share	₹63.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	2000 shares
Fresh Issue Size	18,00,000 shares	22,48,000 shares
Fresh Issue Size (Amount)	up to ₹19.44 Cr	up to ₹14.16 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	18,00,000 shares	22,48,000 shares
Issue Size Total (Amount)	up to ₹19.44 Cr	up to ₹14.16 Cr

IPO Timetable

Mayank Cattle Food IPO opens on Jan 29, 2024, while Rudra Gas Enterprise IPO opens on Feb 08, 2024. The closing date of Mayank Cattle Food IPO and Rudra Gas Enterprise IPO is Jan 31, 2024, and Feb 12, 2024, respectively.

	Mayank Cattle Food IPO	Rudra Gas Enterprise IPO
Anchor Bid Date
Issue Open	Jan 29, 2024	Feb 08, 2024
Issue Close	Jan 31, 2024	Feb 12, 2024
Basis Of Allotment (Tentative)	Feb 01, 2024	Feb 13, 2024
Initiation of Refunds (Tentative)	Feb 02, 2024	Feb 14, 2024
Credit of Share (Tentative)	Feb 02, 2024	Feb 14, 2024
Listing date (Tentative)	Feb 05, 2024	Feb 15, 2024
Anchor Lockin End date 1	Mar 02, 2024
Anchor Lockin End date 2	May 01, 2024

Financials

Mayank Cattle Food IPO P/E ratio is 29.58, as compared to Rudra Gas Enterprise IPO P/E ratio of 10.9.

Mayank Cattle Food IPO

Rudra Gas Enterprise IPO

Financial

Mayank Cattle Food Limited Financial Information (Restated)

Mayank Cattle Food Limited's revenue decreased by -4.15% and profit after tax (PAT) rose by 64.45% 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	5,122.44	4,893.64	4,163.85	3,433.62
Revenue	7,527.15	30,958.14	32,300.17	18,652.89
Profit After Tax	57.37	131.43	79.92	71.81
Net Worth	533.37	475.99	344.56	264.63
Reserves and Surplus	173.37	455.99	324.56	244.63
Total Borrowing	3,788.35	3,961.00	3,163.53	2,531.49
Amount in ₹ Lakhs

Rudra Gas Enterprise Limited Financial Information (Restated Standalone)

Rudra Gas Enterprise Limited's revenue increased by 12.76% and profit after tax (PAT) rose by 96.21% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Oct 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,345.39	3,380.56	2,804.92	1,960.50
Revenue	3,446.81	4,957.02	4,395.95	2,816.96
Profit After Tax	247.41	352.02	179.41	127.05
Net Worth	1,149.10	798.50	446.48	267.07
Reserves and Surplus	540.10	773.50	421.48	242.07
Total Borrowing	1,990.15	1,738.34	1,379.98	1,008.22
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

97.50%

99.99%

Promoter Shareholding (Post-Issue)

65.00%

73.03%

P/E Ratio

29.58

10.9

Market Cap

₹58.32 Cr.

₹52.53 Cr.

ROE

32%%

57%%

ROCE

11.27%%

25%%

Debt/Equity

9.13

2.18

EPS

₹3.65

₹5.78

RoNW

27.61%%

44.09%%

Shares Offered

In the Mayank Cattle Food IPO retail investors (RII) are offered 8,54,400 shares while in Rudra Gas Enterprise IPO retail investors are offered 8,54,400 shares. Qualified institutional buyers (QIB) are offered 0 shares in Mayank Cattle Food IPO and 0 shares in Rudra Gas Enterprise IPO.

	Mayank Cattle Food IPO	Rudra Gas Enterprise IPO
Anchor Investor Reserveration
Market Maker Reserveration	90,000 shares	1,16,000 shares
QIB	0 shares	0 shares
NII	8,55,600 shares	10,66,000 shares
RII	8,54,400 shares	10,66,000 shares
Employee	0 shares	0 shares
Others
Total	17,10,000 shares	21,32,000 shares

Bids Received (Subscription)

Mayank Cattle Food IPO subscribed 8.83x in total, whereas Rudra Gas Enterprise IPO subscribed 350.75x.

	Mayank Cattle Food IPO	Rudra Gas Enterprise IPO
QIB (times)
NII (times)	5.90x	286.62x
Big NII (times)
Small NII (times)
RII (times)	11.77x	404.38x
Employee (times)
Other (times)
Total (times)	8.83x	350.75x

Compare with others

Mayank Cattle Food IPO	Rudra Gas Enterprise IPO
Rudra Gas Enterprise IPO	Interiors and More IPO
WTI Cabs IPO	Atmastco IPO
Alpex Solar IPO	Thaai Casting IPO
Italian Edibles IPO	Kalahridhaan Trendz IPO
Gabriel Pet Straps IPO	Polysil Irrigation Systems IPO
Docmode Health Technologies IPO	WTI Cabs IPO
Harshdeep Hortico IPO	Alpex Solar IPO
Megatherm Induction IPO	Italian Edibles IPO
DelaPlex IPO	Gabriel Pet Straps IPO
Baweja Studios IPO	Mayank Cattle Food IPO

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