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Italian Edibles IPO vs Megatherm Induction IPO

Comparision between Italian Edibles IPO and Megatherm Induction IPO.

IPO Details

Italian Edibles IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Megatherm Induction IPO is a SME Book Built Issue proposed to list at NSE SME.

  Italian Edibles IPO Megatherm Induction IPO
Logo Italian Edibles IPO Logo Megatherm Induction IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Book Built Issue
Listing At NSE SME NSE SME
Lead Managers First Overseas Capital Limited Hem Securities Limited
Registrar Bigshare Services Pvt Ltd Bigshare Services Pvt Ltd
Market Maker Nikunj Stock Brokers 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 Italian Edibles IPO is up to ₹26.66 Cr whereas the issue size of the Megatherm Induction IPO is up to ₹53.91 Cr. The final issue price of Italian Edibles IPO is ₹68.00 per share and of Megatherm Induction IPO is ₹108.00 per share.

  Italian Edibles IPO Megatherm Induction IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹100.00 per share
Issue Price (Upper) ₹108.00 per share
Issue Price (Final) ₹68.00 per share ₹108.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 1200 shares
Fresh Issue Size 39,20,000 shares 49,92,000 shares
Fresh Issue Size (Amount) up to ₹26.66 Cr up to ₹53.91 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 39,20,000 shares 49,92,000 shares
Issue Size Total (Amount) up to ₹26.66 Cr up to ₹53.91 Cr

IPO Timetable

Italian Edibles IPO opens on Feb 02, 2024, while Megatherm Induction IPO opens on Jan 29, 2024. The closing date of Italian Edibles IPO and Megatherm Induction IPO is Feb 07, 2024, and Jan 31, 2024, respectively.

  Italian Edibles IPO Megatherm Induction IPO
Anchor Bid Date Jan 25, 2024
Issue Open Feb 02, 2024 Jan 29, 2024
Issue Close Feb 07, 2024 Jan 31, 2024
Basis Of Allotment (Tentative) Feb 08, 2024 Feb 01, 2024
Initiation of Refunds (Tentative) Feb 09, 2024 Feb 02, 2024
Credit of Share (Tentative) Feb 09, 2024 Feb 02, 2024
Listing date (Tentative) Feb 12, 2024 Feb 05, 2024
Anchor Lockin End date 1 Mar 09, 2024 Mar 02, 2024
Anchor Lockin End date 2 May 08, 2024 May 01, 2024

Financials

Italian Edibles IPO P/E ratio is 27.94, as compared to Megatherm Induction IPO P/E ratio of 10.68.

  Italian Edibles IPO Megatherm Induction IPO
Financial

Italian Edibles Limited Financial Information (Restated)

Italian Edibles Limited's revenue decreased by -16.1% and profit after tax (PAT) rose by 229.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Aug 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,824.644,155.243,905.453,946.43
Revenue3,052.166,330.097,545.254,899.44
Profit After Tax209.68264.2180.2186.52
Net Worth1,287.921,078.24814.03583.82
Reserves and Surplus202.21906.82642.60433.82
Amount in ₹ Lakhs

Megatherm Induction Limited Financial Information (Restated)

Megatherm Induction Limited's revenue increased by 41.37% and profit after tax (PAT) rose by 1171.94% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets21,040.2819,197.8717,262.7614,645.06
Revenue14,732.3126,643.8418,846.9210,927.03
Profit After Tax759.341,400.41110.10309.12
Net Worth5,821.985,062.643,662.233,512.13
Reserves and Surplus4,437.114,139.392,738.982,598.88
Total Borrowing4,480.464,282.044,038.804,327.04
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 98.92%
Promoter Shareholding (Post-Issue) 73.47% 72.71%
P/E Ratio 27.94 10.68
Market Cap ₹100.48 Cr. ₹203.48 Cr.
ROE 24.50%% 27.66%%
ROCE 19.32%% 27.47%%
Debt/Equity 1.6 1.67
EPS ₹2.43 ₹10.11
RoNW 24.50%% 27.66%%

Shares Offered

In the Italian Edibles IPO retail investors (RII) are offered 18,60,000 shares while in Megatherm Induction IPO retail investors are offered 18,60,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Italian Edibles IPO and 9,48,000 shares in Megatherm Induction IPO.

  Italian Edibles IPO Megatherm Induction IPO
Anchor Investor Reserveration 14,22,000 shares
Market Maker Reserveration 2,00,000 shares 2,50,800 shares
QIB 0 shares 9,48,000 shares
NII 18,60,000 shares 7,11,600 shares
RII 18,60,000 shares 16,59,600 shares
Employee 0 shares 0 shares
Others
Total 37,20,000 shares 33,19,200 shares

Bids Received (Subscription)

Italian Edibles IPO subscribed 154.43x in total, whereas Megatherm Induction IPO subscribed 196.11x.

  Italian Edibles IPO Megatherm Induction IPO
QIB (times) 105.14x
NII (times) 177.37x 307.04x
Big NII (times)
Small NII (times)
RII (times) 120.62x 200.51x
Employee (times)
Other (times)
Total (times) 154.43x 196.11x

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