Mukka Proteins IPO vs Suraj Estate Developers IPO

Comparision between Mukka Proteins IPO and Suraj Estate Developers IPO.

IPO Details

Mukka Proteins IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Suraj Estate Developers IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Mukka Proteins IPO	Suraj Estate Developers 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	Fedex Securities Pvt Ltd	Iti Capital Ltd Anand Rathi Securities Limited
Registrar	Cameo Corporate Services Limited	Link Intime India Private Ltd
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 Mukka Proteins IPO is up to ₹224.00 Cr whereas the issue size of the Suraj Estate Developers IPO is up to ₹400.00 Cr. The final issue price of Mukka Proteins IPO is ₹28.00 per share and of Suraj Estate Developers IPO is ₹360.00 per share.

	Mukka Proteins IPO	Suraj Estate Developers IPO
Face Value	₹1 per share	₹5 per share
Issue Price (Lower)	₹26.00 per share	₹340.00 per share
Issue Price (Upper)	₹28.00 per share	₹360.00 per share
Issue Price (Final)	₹28.00 per share	₹360.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	535 shares	41 shares
Fresh Issue Size	8,00,00,000 shares	1,11,11,111 shares
Fresh Issue Size (Amount)	up to ₹224.00 Cr	up to ₹400.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	8,00,00,000 shares	1,11,11,111 shares
Issue Size Total (Amount)	up to ₹224.00 Cr	up to ₹400.00 Cr

IPO Timetable

Mukka Proteins IPO opens on Feb 29, 2024, while Suraj Estate Developers IPO opens on Dec 18, 2023. The closing date of Mukka Proteins IPO and Suraj Estate Developers IPO is Mar 04, 2024, and Dec 20, 2023, respectively.

	Mukka Proteins IPO	Suraj Estate Developers IPO
Anchor Bid Date	Feb 28, 2024	Dec 15, 2023
Issue Open	Feb 29, 2024	Dec 18, 2023
Issue Close	Mar 04, 2024	Dec 20, 2023
Basis Of Allotment (Tentative)	Mar 05, 2024	Dec 21, 2023
Initiation of Refunds (Tentative)	Mar 06, 2024	Dec 22, 2023
Credit of Share (Tentative)	Mar 06, 2024	Dec 22, 2023
Listing date (Tentative)	Mar 07, 2024	Dec 26, 2023
Anchor Lockin End date 1	Apr 04, 2024	Jan 20, 2024
Anchor Lockin End date 2	Jun 03, 2024	Mar 20, 2024

Financials

Mukka Proteins IPO P/E ratio is 12.96, as compared to Suraj Estate Developers IPO P/E ratio of 35.64.

Mukka Proteins IPO

Suraj Estate Developers IPO

Financial

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

Suraj Estate Developers Limited Financial Information (Restated Consolidated)

Suraj Estate Developers Limited's revenue increased by 12.41% and profit after tax (PAT) rose by 20.98% 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	994.73	942.58	864.00	792.00
Revenue	102.81	307.89	273.91	244.00
Profit After Tax	14.53	32.06	26.50	6.28
Net Worth	86.11	71.39	39.16	29.15
Reserves and Surplus	70.29	55.48	23.32	22.94
Total Borrowing	598.50	593.09	638.16	600.48
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

74.95%

P/E Ratio

12.96

35.64

Market Cap

₹840.00 Cr.

₹1597.00 Cr.

ROE

36.71%%

58.18%%

ROCE

17.62%%

21.93%%

Debt/Equity

1.64

8.31

EPS

₹2.16

₹10.10

RoNW

34.19%%

58.18%%

Shares Offered

In the Mukka Proteins IPO retail investors (RII) are offered 2,80,00,000 shares while in Suraj Estate Developers IPO retail investors are offered 2,80,00,000 shares. Qualified institutional buyers (QIB) are offered 1,60,00,435 shares in Mukka Proteins IPO and 22,22,222 shares in Suraj Estate Developers IPO.

	Mukka Proteins IPO	Suraj Estate Developers IPO
Anchor Investor Reserveration	2,39,99,565 shares	33,33,333 shares
Market Maker Reserveration
QIB	1,60,00,435 shares	22,22,222 shares
NII	1,20,00,000 shares	16,66,666 shares
RII	2,80,00,000 shares	38,88,889 shares
Employee	0 shares	0 shares
Others
Total	5,60,00,435 shares	77,77,777 shares

Bids Received (Subscription)

Mukka Proteins IPO subscribed 136.99x in total, whereas Suraj Estate Developers IPO subscribed 16.57x.

	Mukka Proteins IPO	Suraj Estate Developers IPO
QIB (times)	189.28x	25.74x
NII (times)	250.39x	20.02x
Big NII (times)	254.15x	18.37x
Small NII (times)	242.86x	23.31x
RII (times)	58.52x	9.85x
Employee (times)
Other (times)
Total (times)	136.99x	16.57x

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