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Madhavbaug IPO vs Richa Info Systems IPO

Comparision between Madhavbaug IPO and Richa Info Systems IPO.

IPO Details

Madhavbaug IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Richa Info Systems IPO is a SME Fixed Price Issue proposed to list at NSE SME.

  Madhavbaug IPO Richa Info Systems IPO
Logo Madhavbaug IPO Logo Richa Info Systems IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At NSE SME NSE SME
Lead Managers First Overseas Capital Limited Swastika Investmart Ltd
Registrar Bigshare Services Pvt 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 Madhavbaug IPO is up to ₹20.23 Cr whereas the issue size of the Richa Info Systems IPO is up to ₹10.00 Cr. The final issue price of Madhavbaug IPO is ₹73.00 per share and of Richa Info Systems IPO is ₹125.00 per share.

  Madhavbaug IPO Richa Info Systems IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹73.00 per share ₹125.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1600 shares 1000 shares
Fresh Issue Size 27,71,200 shares 8,00,000 shares
Fresh Issue Size (Amount) up to ₹20.23 Cr up to ₹10.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 27,71,200 shares 8,00,000 shares
Issue Size Total (Amount) up to ₹20.23 Cr up to ₹10.00 Cr

IPO Timetable

Madhavbaug IPO opens on Feb 10, 2022, while Richa Info Systems IPO opens on Feb 09, 2022. The closing date of Madhavbaug IPO and Richa Info Systems IPO is Feb 15, 2022, and Feb 11, 2022, respectively.

  Madhavbaug IPO Richa Info Systems IPO
Anchor Bid Date
Issue Open Feb 10, 2022 Feb 09, 2022
Issue Close Feb 15, 2022 Feb 11, 2022
Basis Of Allotment (Tentative) Feb 18, 2022 Feb 16, 2022
Initiation of Refunds (Tentative) Feb 21, 2022 Feb 17, 2022
Credit of Share (Tentative) Feb 22, 2022 Feb 17, 2022
Listing date (Tentative) Feb 23, 2022 Feb 21, 2022
Anchor Lockin End date 1 Mar 20, 2022 Mar 18, 2022
Anchor Lockin End date 2 May 19, 2022 May 17, 2022

Financials

Madhavbaug IPO P/E ratio is 28.29, as compared to Richa Info Systems IPO P/E ratio of 41.67.

  Madhavbaug IPO Richa Info Systems IPO
Financial
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
  30-Sep-21 31-Mar-21 31-Mar-20
Total Assets 257.80 258.06 291.11
Total Revenue 315.65 522.79 752.97
Profit After Tax 13.54 15.47 -5.57
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
  30-Nov-21 31-Mar-21 31-Mar-20
Total Assets 172.13 88.38 40.65
Total Revenue 139.68 201.13 175.62
Profit After Tax 4.85 7.22 3.34
Promoter Shareholding (Pre-Issue) 90.08%
Promoter Shareholding (Post-Issue) 66.34%
P/E Ratio 28.29 41.67
Market Cap ₹76.75 Cr. ₹30.38 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Madhavbaug IPO retail investors (RII) are offered 13,15,200 shares while in Richa Info Systems IPO retail investors are offered 13,15,200 shares. Qualified institutional buyers (QIB) are offered in Madhavbaug IPO and in Richa Info Systems IPO.

  Madhavbaug IPO Richa Info Systems IPO
Anchor Investor Reserveration
Market Maker Reserveration 1,40,800 shares 40,000 shares
QIB
NII 13,15,200 shares 3,80,000 shares
RII 13,15,200 shares 3,80,000 shares
Employee
Others
Total 26,30,400 shares 7,60,000 shares

Bids Received (Subscription)

Madhavbaug IPO subscribed 2.82x in total, whereas Richa Info Systems IPO subscribed 5.05x.

  Madhavbaug IPO Richa Info Systems IPO
QIB (times)
NII (times) 2.66x 3.16x
Big NII (times)
Small NII (times)
RII (times) 2.98x 6.94x
Employee (times)
Other (times)
Total (times) 2.82x 5.05x

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