Aditya Ultra Steel IPO vs My Mudra Fincorp IPO

Comparision between Aditya Ultra Steel IPO and My Mudra Fincorp IPO.

IPO Details

Aditya Ultra Steel IPO is a SME Book Built Issue IPO proposed to list at NSE SME while My Mudra Fincorp IPO is a SME Book Built Issue proposed to list at NSE SME.

	Aditya Ultra Steel IPO	My Mudra Fincorp IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Swastika Investmart Ltd	Hem Securities Limited
Registrar	Cameo Corporate Services Limited	Skyline Financial Services Private Ltd
Market Maker	Sunflower Broking Private 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 Aditya Ultra Steel IPO is up to ₹45.88 Cr whereas the issue size of the My Mudra Fincorp IPO is up to ₹33.26 Cr. The final issue price of Aditya Ultra Steel IPO is ₹62.00 per share and of My Mudra Fincorp IPO is ₹110.00 per share.

	Aditya Ultra Steel IPO	My Mudra Fincorp IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹59.00 per share	₹104.00 per share
Issue Price (Upper)	₹62.00 per share	₹110.00 per share
Issue Price (Final)	₹62.00 per share	₹110.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1200 shares
Fresh Issue Size	74,00,000 shares	30,24,000 shares
Fresh Issue Size (Amount)	up to ₹45.88 Cr	up to ₹33.26 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	74,00,000 shares	30,24,000 shares
Issue Size Total (Amount)	up to ₹45.88 Cr	up to ₹33.26 Cr

IPO Timetable

Aditya Ultra Steel IPO opens on Sep 09, 2024, while My Mudra Fincorp IPO opens on Sep 05, 2024. The closing date of Aditya Ultra Steel IPO and My Mudra Fincorp IPO is Sep 11, 2024, and Sep 09, 2024, respectively.

	Aditya Ultra Steel IPO	My Mudra Fincorp IPO
Anchor Bid Date	Sep 06, 2024
Issue Open	Sep 09, 2024	Sep 05, 2024
Issue Close	Sep 11, 2024	Sep 09, 2024
Basis Of Allotment (Tentative)	Sep 12, 2024	Sep 10, 2024
Initiation of Refunds (Tentative)	Sep 13, 2024	Sep 11, 2024
Credit of Share (Tentative)	Sep 13, 2024	Sep 11, 2024
Listing date (Tentative)	Sep 16, 2024	Sep 12, 2024
Anchor Lockin End date 1	Oct 12, 2024
Anchor Lockin End date 2	Dec 11, 2024

Financials

Aditya Ultra Steel IPO P/E ratio is 13.64, as compared to My Mudra Fincorp IPO P/E ratio of 11.02.

Aditya Ultra Steel IPO

My Mudra Fincorp IPO

Financial

Aditya Ultra Steel Limited Financial Information (Restated)

Aditya Ultra Steel Limited's revenue increased by 11% and profit after tax (PAT) rose by 185% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	14,752.33	9,734.65	9,156.62
Revenue	58,856.29	53,048.91	51,598.34
Profit After Tax	792.34	277.66	488.9
Net Worth	3,758.21	2,865.86	2,588.2
Reserves and Surplus	3,128.6	2,739.81	2,462.15
Total Borrowing	5,427.07	4,984.14	4,695.12
Amount in ₹ Lakhs

My Mudra Fincorp Limited Financial Information (Restated)

My Mudra Fincorp Limited's revenue increased by 33% and profit after tax (PAT) rose by 141% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	3,027.82	1,485.01	939.6
Revenue	7,114.36	5,355.8	2,846.18
Profit After Tax	835.52	346.75	46.86
Net Worth	1,679.79	844.27	437.88
Reserves and Surplus	1,678.61	843.08	436.81
Total Borrowing	964.41	371.1	341.2
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

97.94%

78.74%

Promoter Shareholding (Post-Issue)

68.76%

57.84%

P/E Ratio

13.64

11.02

Market Cap

₹153.98 Cr.

₹125.31 Cr.

ROE

23.92%%

66.20%%

ROCE

18.75%%

45.98%%

Debt/Equity

1.44

EPS

₹4.54

₹9.98

RoNW

21.08%%

49.74%%

Shares Offered

In the Aditya Ultra Steel IPO retail investors (RII) are offered 24,62,000 shares while in My Mudra Fincorp IPO retail investors are offered 24,62,000 shares. Qualified institutional buyers (QIB) are offered 35,12,000 shares in Aditya Ultra Steel IPO and 5,74,800 shares in My Mudra Fincorp IPO.

	Aditya Ultra Steel IPO	My Mudra Fincorp IPO
Anchor Investor Reserveration		8,59,200 shares
Market Maker Reserveration	3,70,000 shares	1,53,600 shares
QIB	35,12,000 shares	5,74,800 shares
NII	10,56,000 shares	4,30,800 shares
RII	24,62,000 shares	10,05,600 shares
Employee	0 shares	0 shares
Others
Total	70,30,000 shares	20,11,200 shares

Bids Received (Subscription)

Aditya Ultra Steel IPO subscribed 10.58x in total, whereas My Mudra Fincorp IPO subscribed 102.48x.

	Aditya Ultra Steel IPO	My Mudra Fincorp IPO
QIB (times)	1.21x	48.83x
NII (times)	12.16x	159.37x
Big NII (times)
Small NII (times)
RII (times)	23.26x	108.77x
Employee (times)
Other (times)
Total (times)	10.58x	102.48x

Compare with others

Aditya Ultra Steel IPO	My Mudra Fincorp IPO
Gajanand International IPO	Share Samadhan IPO
Innomet Advanced Materials IPO	Shubhshree Biofuels Energy IPO
SPP Polymer IPO	Aditya Ultra Steel IPO
Share Samadhan IPO	Vision Infra Equipment Solutions IPO
Shubhshree Biofuels Energy IPO	Naturewings Holidays IPO
Vision Infra Equipment Solutions IPO	Namo eWaste Management IPO
Naturewings Holidays IPO	Mach Conferences and Events IPO
My Mudra Fincorp IPO	Excellent Wires and Packaging IPO
Namo eWaste Management IPO	Travels & Rentals IPO
Mach Conferences and Events IPO	Jeyyam Global Foods IPO

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