Laxmi Organic IPO vs MTAR Technologies IPO

Comparision between Laxmi Organic IPO and MTAR Technologies IPO.

IPO Details

Laxmi Organic IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while MTAR Technologies IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Laxmi Organic IPO	MTAR Technologies IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Axis Capital Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)	Iifl Securities Ltd Jm Financial Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Market Maker
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 Laxmi Organic IPO is up to ₹600.00 Cr whereas the issue size of the MTAR Technologies IPO is up to ₹596.41 Cr. The final issue price of Laxmi Organic IPO is ₹130.00 per share and of MTAR Technologies IPO is ₹575.00 per share.

	Laxmi Organic IPO	MTAR Technologies IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹129.00 per share	₹574.00 per share
Issue Price (Upper)	₹130.00 per share	₹575.00 per share
Issue Price (Final)	₹130.00 per share	₹575.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	115 shares	26 shares
Fresh Issue Size		21,48,149 shares
Fresh Issue Size (Amount)	up to ₹300.00 Cr	up to ₹123.52 Cr
OFS Issue Size		82,24,270 shares
OFS Issue Size (Amount)	up to ₹300.00 Cr	up to ₹472.90 Cr
Issue Size Total		1,03,72,419 shares
Issue Size Total (Amount)	up to ₹600.00 Cr	up to ₹596.41 Cr

IPO Timetable

Laxmi Organic IPO opens on Mar 15, 2021, while MTAR Technologies IPO opens on Mar 03, 2021. The closing date of Laxmi Organic IPO and MTAR Technologies IPO is Mar 17, 2021, and Mar 05, 2021, respectively.

	Laxmi Organic IPO	MTAR Technologies IPO
Anchor Bid Date
Issue Open	Mar 15, 2021	Mar 03, 2021
Issue Close	Mar 17, 2021	Mar 05, 2021
Basis Of Allotment (Tentative)	Mar 22, 2021	Mar 10, 2021
Initiation of Refunds (Tentative)	Mar 23, 2021	Mar 12, 2021
Credit of Share (Tentative)	Mar 24, 2021	Mar 15, 2021
Listing date (Tentative)	Mar 25, 2021	Mar 15, 2021
Anchor Lockin End date 1	Apr 21, 2021	Apr 09, 2021
Anchor Lockin End date 2	Jun 20, 2021	Jun 08, 2021

Financials

Laxmi Organic IPO P/E ratio is , as compared to MTAR Technologies IPO P/E ratio of .

Laxmi Organic IPO

MTAR Technologies IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in millions)
	30-Sep-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	10,371.32	10,706.33	10,144.88	8,947.34
Total Revenue	8,143.55	15,386.21	15,743.23	13,960.75
Profit After Tax	454.84	702.12	723.91	756.95

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in million)
	31-Dec-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	3,819.14	3,462.71	3,051.58	2,810.32
Total Revenue	1,779.91	2,181.42	1,859.10	1,605.45
Profit After Tax	280.69	313.18	391.99	54.23

Promoter Shareholding (Pre-Issue)

89.51%

62.24%

Promoter Shareholding (Post-Issue)

72.92%

50.25%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Laxmi Organic IPO retail investors (RII) are offered 1,62,79,070 shares while in MTAR Technologies IPO retail investors are offered 1,62,79,070 shares. Qualified institutional buyers (QIB) are offered 93,02,324 shares in Laxmi Organic IPO and 20,74,484 shares in MTAR Technologies IPO.

	Laxmi Organic IPO	MTAR Technologies IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	93,02,324 shares	20,74,484 shares
NII	69,76,744 shares	15,55,863 shares
RII	1,62,79,070 shares	36,30,347 shares
Employee	0 shares	0 shares
Others
Total	3,25,58,138 shares	72,60,694 shares

Bids Received (Subscription)

Laxmi Organic IPO subscribed 106.81x in total, whereas MTAR Technologies IPO subscribed 200.79x.

	Laxmi Organic IPO	MTAR Technologies IPO
QIB (times)	175.43x	164.99x
NII (times)	217.62x	650.79x
Big NII (times)
Small NII (times)
RII (times)	20.10x	28.40x
Employee (times)
Other (times)
Total (times)	106.81x	200.79x

Compare with others

Laxmi Organic IPO	MTAR Technologies IPO
Lodha Developers IPO	Anupam Rasayan IPO
Barbeque Nation IPO	Laxmi Organic IPO
Suryoday Small Finance Bank IPO	Craftsman Automation IPO
Kalyan Jewellers IPO	Nazara Technologies IPO
Anupam Rasayan IPO	EaseMyTrip IPO
Craftsman Automation IPO	Heranba Industries IPO
Nazara Technologies IPO	Nureca limited IPO
EaseMyTrip IPO	Brookfield India REIT
MTAR Technologies IPO	Stove Kraft IPO
Heranba Industries IPO	Home First Finance IPO

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