MSTC IPO vs Neogen Chemicals IPO

Comparision between MSTC IPO and Neogen Chemicals IPO.

IPO Details

MSTC IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Neogen Chemicals IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	MSTC IPO	Neogen Chemicals 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	Equirus Capital Private Limited	Batlivala & Karani Securities India Private Limited Inga Ventures Pvt Ltd
Registrar	Alankit Assignments Ltd	Link Intime India Private Ltd
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 MSTC IPO is up to ₹212.04 Cr whereas the issue size of the Neogen Chemicals IPO is up to ₹132.35 Cr. The final issue price of MSTC IPO is ₹120.00 per share and of Neogen Chemicals IPO is ₹215.00 per share.

	MSTC IPO	Neogen Chemicals IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹120.00 per share	₹212.00 per share
Issue Price (Upper)	₹128.00 per share	₹215.00 per share
Issue Price (Final)	₹120.00 per share	₹215.00 per share
Discount (Retail)	₹5.50 per share
Discount (Employee)	₹5.50 per share
Market Lot Size	90 shares	65 shares
Fresh Issue Size
Fresh Issue Size (Amount)		up to ₹70.00 Cr
OFS Issue Size		29,00,000 shares
OFS Issue Size (Amount)
Issue Size Total	1,76,70,400 shares
Issue Size Total (Amount)	up to ₹212.04 Cr	up to ₹132.35 Cr

IPO Timetable

MSTC IPO opens on Mar 13, 2019, while Neogen Chemicals IPO opens on Apr 24, 2019. The closing date of MSTC IPO and Neogen Chemicals IPO is Mar 20, 2019, and Apr 26, 2019, respectively.

	MSTC IPO	Neogen Chemicals IPO
Anchor Bid Date
Issue Open	Mar 13, 2019	Apr 24, 2019
Issue Close	Mar 20, 2019	Apr 26, 2019
Basis Of Allotment (Tentative)	Mar 25, 2019	May 03, 2019
Initiation of Refunds (Tentative)	Mar 26, 2019	May 06, 2019
Credit of Share (Tentative)	Mar 28, 2019	May 07, 2019
Listing date (Tentative)	Mar 29, 2019	May 08, 2019
Anchor Lockin End date 1	Apr 24, 2019	Jun 02, 2019
Anchor Lockin End date 2	Jun 23, 2019	Aug 01, 2019

Financials

MSTC IPO P/E ratio is , as compared to Neogen Chemicals IPO P/E ratio of .

MSTC IPO

Neogen Chemicals IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Million)
	30-Sep-18	31-Mar-18	31-Mar-17	31-Mar-16
Total Assets	42,566.28	47,378.56	45,998.14	41,621.75
Total Revenue	14,915.50	27,931.50	18,762.00	33,078.00
Profit After Tax	(158.84)	(64.81)	1,391.50	(2,471.00)

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. 10 Lakhs)
	31-Dec-18	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14
Total Assets	2,374.06	1,800.53	1,523.15	804.82	687.56	629.33
Total Revenue	1592.31	1,640.12	1,214.67	1,088.85	914.84	799.04
Profit After Tax	122.21	104.97	76.83	51.80	50.85	36.43

Promoter Shareholding (Pre-Issue)

89.85%

Promoter Shareholding (Post-Issue)

64.75%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the MSTC IPO retail investors (RII) are offered 17,60,000 shares while in Neogen Chemicals IPO retail investors are offered 17,60,000 shares. Qualified institutional buyers (QIB) are offered 1,32,00,000 shares in MSTC IPO and 12,28,094 shares in Neogen Chemicals IPO.

	MSTC IPO	Neogen Chemicals IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,32,00,000 shares	12,28,094 shares
NII	26,40,000 shares	9,30,283 shares
RII	17,60,000 shares	21,70,661 shares
Employee	70,400 shares	0 shares
Others
Total	1,76,70,400 shares	43,29,038 shares

Bids Received (Subscription)

MSTC IPO subscribed 1.46x in total, whereas Neogen Chemicals IPO subscribed 41.07x.

	MSTC IPO	Neogen Chemicals IPO
QIB (times)	1.13x	30.49x
NII (times)	2.15x	113.88x
Big NII (times)
Small NII (times)
RII (times)	2.95x	15.86x
Employee (times)	1.54x
Other (times)
Total (times)	1.46x	41.07x

Compare with others

MSTC IPO	Neogen Chemicals IPO
Neogen Chemicals IPO	Vishwaraj IPO
Rail Vikas IPO	Sterling and Wilson IPO
Polycab IPO	Spandana Sphoorty IPO
Metropolis IPO	Affle IPO
Embassy Office Parks	IndiaMart IPO
Xelpmoc Design and Tech IPO	Rail Vikas IPO
Aavas Financiers IPO	Polycab IPO
IRCON International IPO	Metropolis IPO
Garden Reach Shipbuilders IPO	Embassy Office Parks
Chalet Hotels Limited IPO	MSTC IPO

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