Mufti Menswear IPO vs Mukka Proteins IPO

Comparision between Mufti Menswear IPO and Mukka Proteins IPO.

IPO Details

Mufti Menswear IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Mukka Proteins IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Mufti Menswear IPO	Mukka Proteins 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	Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) ICICI Securities Limited Keynote Financial Services Ltd	Fedex Securities Pvt Ltd
Registrar	Link Intime India Private Ltd	Cameo Corporate Services Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Mufti Menswear IPO is up to ₹549.78 Cr whereas the issue size of the Mukka Proteins IPO is up to ₹224.00 Cr. The final issue price of Mufti Menswear IPO is ₹280.00 per share and of Mukka Proteins IPO is ₹28.00 per share.

	Mufti Menswear IPO	Mukka Proteins IPO
Face Value	₹2 per share	₹1 per share
Issue Price (Lower)	₹266.00 per share	₹26.00 per share
Issue Price (Upper)	₹280.00 per share	₹28.00 per share
Issue Price (Final)	₹280.00 per share	₹28.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	53 shares	535 shares
Fresh Issue Size		8,00,00,000 shares
Fresh Issue Size (Amount)		up to ₹224.00 Cr
OFS Issue Size	1,96,34,960 shares
OFS Issue Size (Amount)	up to ₹549.78 Cr
Issue Size Total	1,96,34,960 shares	8,00,00,000 shares
Issue Size Total (Amount)	up to ₹549.78 Cr	up to ₹224.00 Cr

IPO Timetable

Mufti Menswear IPO opens on Dec 19, 2023, while Mukka Proteins IPO opens on Feb 29, 2024. The closing date of Mufti Menswear IPO and Mukka Proteins IPO is Dec 21, 2023, and Mar 04, 2024, respectively.

	Mufti Menswear IPO	Mukka Proteins IPO
Anchor Bid Date	Dec 18, 2023	Feb 28, 2024
Issue Open	Dec 19, 2023	Feb 29, 2024
Issue Close	Dec 21, 2023	Mar 04, 2024
Basis Of Allotment (Tentative)	Dec 22, 2023	Mar 05, 2024
Initiation of Refunds (Tentative)	Dec 26, 2023	Mar 06, 2024
Credit of Share (Tentative)	Dec 26, 2023	Mar 06, 2024
Listing date (Tentative)	Dec 27, 2023	Mar 07, 2024
Anchor Lockin End date 1	Jan 21, 2024	Apr 04, 2024
Anchor Lockin End date 2	Mar 21, 2024	Jun 03, 2024

Financials

Mufti Menswear IPO P/E ratio is 23.22, as compared to Mukka Proteins IPO P/E ratio of 12.96.

Mufti Menswear IPO

Mukka Proteins IPO

Financial

Credo Brands Marketing Limited Financial Information (Restated Consolidated)

Credo Brands Marketing Limited's revenue increased by 43.54% and profit after tax (PAT) rose by 116.88% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	592.38	574.48	476.05	416.99
Revenue	119.43	509.32	354.84	261.15
Profit After Tax	8.58	77.51	35.74	3.44
Net Worth	289.88	281.35	235.73	192.33
Reserves and Surplus
Total Borrowing	11.30	10.08	13.46	15.23
Amount in ₹ Crore

Mukka Proteins Limited Financial Information (Restated Consolidated)

Mukka Proteins Limited's revenue increased by 52.52% and profit after tax (PAT) rose by 84.07% 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	641.18	575.16	392.30	353.93
Revenue	612.88	1,183.80	776.15	609.95
Profit After Tax	32.98	47.53	25.82	11.01
Net Worth	159.11	128.92	87.25	64.54
Reserves and Surplus	144.92	112.57	68.51	60.80
Total Borrowing	317.73	254.83	173.50	159.19
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

66.66%

100%

Promoter Shareholding (Post-Issue)

53.66%

P/E Ratio

23.22

12.96

Market Cap

₹1800.45 Cr.

₹840.00 Cr.

ROE

29.98%%

36.71%%

ROCE

28.16%%

17.62%%

Debt/Equity

0.65

1.64

EPS

₹0.54

₹2.16

RoNW

29.98%%

34.19%%

Shares Offered

In the Mufti Menswear IPO retail investors (RII) are offered 68,72,236 shares while in Mukka Proteins IPO retail investors are offered 68,72,236 shares. Qualified institutional buyers (QIB) are offered 39,26,992 shares in Mufti Menswear IPO and 1,60,00,435 shares in Mukka Proteins IPO.

	Mufti Menswear IPO	Mukka Proteins IPO
Anchor Investor Reserveration	58,90,488 shares	2,39,99,565 shares
Market Maker Reserveration
QIB	39,26,992 shares	1,60,00,435 shares
NII	29,45,244 shares	1,20,00,000 shares
RII	68,72,236 shares	2,80,00,000 shares
Employee	0 shares	0 shares
Others
Total	1,37,44,472 shares	5,60,00,435 shares

Bids Received (Subscription)

Mufti Menswear IPO subscribed 51.85x in total, whereas Mukka Proteins IPO subscribed 136.99x.

	Mufti Menswear IPO	Mukka Proteins IPO
QIB (times)	104.95x	189.28x
NII (times)	55.52x	250.39x
Big NII (times)	55.73x	254.15x
Small NII (times)	55.10x	242.86x
RII (times)	19.94x	58.52x
Employee (times)
Other (times)
Total (times)	51.85x	136.99x

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Mukka Proteins IPO	IREDA IPO

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