My Mudra Fincorp IPO vs Namo eWaste Management IPO

Comparision between My Mudra Fincorp IPO and Namo eWaste Management IPO.

IPO Details

My Mudra Fincorp IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Namo eWaste Management IPO is a SME Book Built Issue proposed to list at NSE SME.

	My Mudra Fincorp IPO	Namo eWaste Management 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	Hem Securities Limited	Hem Securities Limited
Registrar	Skyline Financial Services Private Ltd	Maashitla Securities Private Limited
Market Maker	Hem Finlease Private Limited	Hem Finlease Private Limited
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 My Mudra Fincorp IPO is up to ₹33.26 Cr whereas the issue size of the Namo eWaste Management IPO is up to ₹51.20 Cr. The final issue price of My Mudra Fincorp IPO is ₹110.00 per share and of Namo eWaste Management IPO is ₹85.00 per share.

	My Mudra Fincorp IPO	Namo eWaste Management IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹104.00 per share	₹80.00 per share
Issue Price (Upper)	₹110.00 per share	₹85.00 per share
Issue Price (Final)	₹110.00 per share	₹85.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1600 shares
Fresh Issue Size	30,24,000 shares	60,24,000 shares
Fresh Issue Size (Amount)	up to ₹33.26 Cr	up to ₹51.20 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	30,24,000 shares	60,24,000 shares
Issue Size Total (Amount)	up to ₹33.26 Cr	up to ₹51.20 Cr

IPO Timetable

My Mudra Fincorp IPO opens on Sep 05, 2024, while Namo eWaste Management IPO opens on Sep 04, 2024. The closing date of My Mudra Fincorp IPO and Namo eWaste Management IPO is Sep 09, 2024, and Sep 06, 2024, respectively.

	My Mudra Fincorp IPO	Namo eWaste Management IPO
Anchor Bid Date		Sep 03, 2024
Issue Open	Sep 05, 2024	Sep 04, 2024
Issue Close	Sep 09, 2024	Sep 06, 2024
Basis Of Allotment (Tentative)	Sep 10, 2024	Sep 09, 2024
Initiation of Refunds (Tentative)	Sep 11, 2024	Sep 10, 2024
Credit of Share (Tentative)	Sep 11, 2024	Sep 10, 2024
Listing date (Tentative)	Sep 12, 2024	Sep 11, 2024
Anchor Lockin End date 1		Oct 09, 2024
Anchor Lockin End date 2		Dec 08, 2024

Financials

My Mudra Fincorp IPO P/E ratio is 11.02, as compared to Namo eWaste Management IPO P/E ratio of 20.96.

My Mudra Fincorp IPO

Namo eWaste Management IPO

Financial

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

Namo eWaste Management Limited Financial Information (Restated Standalone)

Namo eWaste Management Limited's revenue increased by 73% and profit after tax (PAT) rose by 183% 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	6,274.74	3,912.26	4,174.34
Revenue	10,107.62	5,856.07	4,509
Profit After Tax	682.9	241.56	180.89
Net Worth	3,526.17	2,814.76	2,577.21
Reserves and Surplus	1,841.82	2,109.24	1,871.69
Total Borrowing	1,453.24	344.73	598.1
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

78.74%

93.67%

Promoter Shareholding (Post-Issue)

57.84%

68.99%

P/E Ratio

11.02

20.96

Market Cap

₹125.31 Cr.

₹194.37 Cr.

ROE

66.20%%

21.54%%

ROCE

45.98%%

20.71%%

Debt/Equity

0.41

EPS

₹9.98

₹4.05

RoNW

49.74%%

19.37%%

Shares Offered

In the My Mudra Fincorp IPO retail investors (RII) are offered 10,05,600 shares while in Namo eWaste Management IPO retail investors are offered 10,05,600 shares. Qualified institutional buyers (QIB) are offered 5,74,800 shares in My Mudra Fincorp IPO and 11,44,000 shares in Namo eWaste Management IPO.

	My Mudra Fincorp IPO	Namo eWaste Management IPO
Anchor Investor Reserveration	8,59,200 shares	17,15,200 shares
Market Maker Reserveration	1,53,600 shares	3,02,400 shares
QIB	5,74,800 shares	11,44,000 shares
NII	4,30,800 shares	8,59,200 shares
RII	10,05,600 shares	20,03,200 shares
Employee	0 shares	0 shares
Others
Total	20,11,200 shares	40,06,400 shares

Bids Received (Subscription)

My Mudra Fincorp IPO subscribed 102.48x in total, whereas Namo eWaste Management IPO subscribed 225.64x.

	My Mudra Fincorp IPO	Namo eWaste Management IPO
QIB (times)	48.83x	151.75x
NII (times)	159.37x	394.20x
Big NII (times)
Small NII (times)
RII (times)	108.77x	195.54x
Employee (times)
Other (times)
Total (times)	102.48x	225.64x

Compare with others

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

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