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Madhusudan Masala IPO vs Meson Valves IPO

Comparison between Madhusudan Masala IPO and Meson Valves IPO.

IPO Details

Madhusudan Masala IPO is a SME Fixed Price IPO proposed to list at NSE SME while Meson Valves IPO is a SME Fixed Price proposed to list at BSE SME.

 Madhusudan Masala IPOMeson Valves IPO
LogoMadhusudan Masala IPO LogoMeson Valves IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersHem Securities Ltd.Shreni Shares Ltd.
RegistrarKfin Technologies Ltd.Maashitla Securities Pvt.Ltd.
Market MakerHem Finlease 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 Madhusudan Masala IPO is up to ₹22.60 Cr whereas the issue size of the Meson Valves IPO is up to ₹29.50 Cr. The final issue price of Madhusudan Masala IPO is ₹70.00 per share and of Meson Valves IPO is ₹102.00 per share.

 Madhusudan Masala IPOMeson Valves 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)₹70.00 per share₹102.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares1200 shares
Fresh Issue Size32,28,000 shares28,92,000 shares
Fresh Issue Size (Amount)up to ₹22.60 Crup to ₹29.50 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total32,28,000 shares28,92,000 shares
Issue Size Total (Amount)up to ₹22.60 Crup to ₹29.50 Cr

IPO Timetable

Madhusudan Masala IPO opens on Sep 18, 2023, while Meson Valves IPO opens on Sep 08, 2023. The closing date of Madhusudan Masala IPO and Meson Valves IPO is Sep 21, 2023, and Sep 12, 2023, respectively.

 Madhusudan Masala IPOMeson Valves IPO
Anchor Bid DateSep 15, 2023
Issue OpenSep 18, 2023Sep 08, 2023
Issue CloseSep 21, 2023Sep 12, 2023
Basis Of Allotment (Tentative)Sep 26, 2023Sep 15, 2023
Initiation of Refunds (Tentative)Sep 27, 2023Sep 18, 2023
Credit of Share (Tentative)Sep 29, 2023Sep 20, 2023
Listing date (Tentative)Sep 26, 2023Sep 21, 2023
Anchor Lockin End date 1Oct 26, 2023
Anchor Lockin End date 2Dec 25, 2023

Financials & KPIs

Madhusudan Masala IPO P/E ratio is 10.08, as compared to Meson Valves IPO P/E ratio of 15.47.

 Madhusudan Masala IPOMeson Valves IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets57.3735.1426.00
Total Income127.5166.5268.75
Profit After Tax5.760.810.45
NET Worth10.990.3110.94
Reserves and Surplus5.990.30
Total Borrowing42.1728.209.66
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets45.0927.3921.06
Total Income37.1914.3215.42
Profit After Tax4.522.130.12
NET Worth18.502.680.55
Reserves and Surplus11.572.610.48
Total Borrowing11.249.249.18
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%46.91%
Promoter Shareholding (Post-Issue)73.64%32.83%
P/E Ratio10.0815.47
Market Cap₹90.30 Cr.₹103.63 Cr.
ROE101.91
ROCE20.08
Debt/Equity3.84
EPS₹6.94₹6.59
RoNW52.4024.46

Shares Offered

In the Madhusudan Masala IPO Retail Individual Investors (RII) are offered 11,30,000 shares while in Meson Valves IPO retail investors are offered 11,30,000 shares. Qualified Institutional Buyers (QIB) are offered 6,46,000 shares in Madhusudan Masala IPO and in Meson Valves IPO.

 Madhusudan Masala IPOMeson Valves IPO
Anchor Investor Reservation9,66,000 shares
Market Maker Reservation1,72,000 shares1,56,000 shares
QIB6,46,000 shares
NII4,86,000 shares14,46,000 shares
RII11,30,000 shares14,46,000 shares
Total32,28,000 shares28,92,000 shares

Bids Received (Subscription)

Madhusudan Masala IPO subscribed 311.32x in total, whereas Meson Valves IPO subscribed 167.88x.

 Madhusudan Masala IPOMeson Valves IPO
QIB (times)86.91x
NII (times)574.08x132.74x
RII (times)592.73x203.02x
Total (times)311.32x167.88x

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Madhusudan Masala IPO Vs Meson Valves IPO