Master Components IPO vs Organic Recycling Systems IPO

Comparision between Master Components IPO and Organic Recycling Systems IPO.

IPO Details

Master Components IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Organic Recycling Systems IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Master Components IPO	Organic Recycling Systems IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Aryaman Financial Services Limited	Arihant Capital Markets Ltd
Registrar	Bigshare Services Pvt Ltd	Maashitla Securities Private Limited
Market Maker	Aryaman Capital Markets Limited	Arihant Capital Markets Limited
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 Master Components IPO is up to ₹15.43 Cr whereas the issue size of the Organic Recycling Systems IPO is up to ₹50.00 Cr. The final issue price of Master Components IPO is ₹140.00 per share and of Organic Recycling Systems IPO is ₹200.00 per share.

	Master Components IPO	Organic Recycling Systems IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹140.00 per share	₹200.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	600 shares
Fresh Issue Size	7,00,000 shares	25,00,200 shares
Fresh Issue Size (Amount)	up to ₹9.80 Cr	up to ₹50.00 Cr
OFS Issue Size	4,02,000 shares
OFS Issue Size (Amount)	up to ₹5.63 Cr
Issue Size Total	11,02,000 shares	25,00,200 shares
Issue Size Total (Amount)	up to ₹15.43 Cr	up to ₹50.00 Cr

IPO Timetable

Master Components IPO opens on Sep 18, 2023, while Organic Recycling Systems IPO opens on Sep 21, 2023. The closing date of Master Components IPO and Organic Recycling Systems IPO is Sep 21, 2023, and Sep 26, 2023, respectively.

	Master Components IPO	Organic Recycling Systems IPO
Anchor Bid Date
Issue Open	Sep 18, 2023	Sep 21, 2023
Issue Close	Sep 21, 2023	Sep 26, 2023
Basis Of Allotment (Tentative)	Sep 26, 2023	Sep 29, 2023
Initiation of Refunds (Tentative)	Sep 27, 2023	Oct 03, 2023
Credit of Share (Tentative)	Sep 28, 2023	Oct 04, 2023
Listing date (Tentative)	Sep 29, 2023	Oct 06, 2023
Anchor Lockin End date 1	Oct 26, 2023	Oct 29, 2023
Anchor Lockin End date 2	Dec 25, 2023	Dec 28, 2023

Financials

Master Components IPO P/E ratio is 27.09, as compared to Organic Recycling Systems IPO P/E ratio of 25.54.

Master Components IPO

Organic Recycling Systems IPO

Financial

Master Components IPO Financial Information (Restated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	1,460.93	1,419.09	1,485.24	1,659.17
Revenue	1,535.68	1,327.72	1,842.50	2,090.03
Profit After Tax	132.22	76.14	93.73	170.54
Net Worth	824.90	901.04	994.77	1,165.31
Reserves and Surplus	794.90	871.04	964.77	835.31
Total Borrowing	376.54	216.29	173.33	93.96

Amount in ₹ Lakhs

Organic Recycling Systems IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	10,272.69	10,669.35	11,931.10
Revenue	1,578.18	1,756.67	2,534.10
Profit After Tax	-449.37	-535.03	365.38
Net Worth	1,343.88	808.86	2,550.07
Reserves and Surplus	1,298.11	763.08	2,014.40
Total Borrowing	5,449.89	5,418.38	6,981.41

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

30.14%

Promoter Shareholding (Post-Issue)

72.41%

20.35%

P/E Ratio

27.09

25.54

Market Cap

₹56.00 Cr.

₹153.99 Cr.

ROE

59.68%%

21.76%%

ROCE

59.24%%

13.06%%

Debt/Equity

0.08

2.7

EPS

₹5.17

₹7.83

RoNW

14.63%%

14.33%%

Shares Offered

In the Master Components IPO retail investors (RII) are offered 5,23,000 shares while in Organic Recycling Systems IPO retail investors are offered 5,23,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Master Components IPO and 0 shares in Organic Recycling Systems IPO.

	Master Components IPO	Organic Recycling Systems IPO
Anchor Investor Reserveration
Market Maker Reserveration	56,000 shares	1,30,200 shares
QIB	0 shares	0 shares
NII	5,23,000 shares	11,85,000 shares
RII	5,23,000 shares	11,85,000 shares
Employee	0 shares	0 shares
Others
Total	10,46,000 shares	23,70,000 shares

Bids Received (Subscription)

Master Components IPO subscribed 8.20x in total, whereas Organic Recycling Systems IPO subscribed 3.24x.

	Master Components IPO	Organic Recycling Systems IPO
QIB (times)
NII (times)	5.89x	4.28x
Big NII (times)
Small NII (times)
RII (times)	10.11x	2.21x
Employee (times)
Other (times)
Total (times)	8.20x	3.24x

Compare with others

Master Components IPO	Organic Recycling Systems IPO
Saakshi Medtech and Panels IPO	Arabian Petroleum IPO
Organic Recycling Systems IPO	Newjaisa Technologies IPO
Sunita Tools IPO	Inspire Films IPO
Marco Cables & Conductors IPO	Goyal Salt IPO
Mangalam Alloys IPO	Saakshi Medtech and Panels IPO
Techknowgreen Solutions IPO	Sunita Tools IPO
Hi-Green Carbon IPO	Marco Cables & Conductors IPO
Kody Technolab IPO	Mangalam Alloys IPO
Holmarc Opto-Mechatronics IPO	Master Components IPO
Digikore Studios IPO	Techknowgreen Solutions IPO

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