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Madhavbaug IPO vs Safa Systems IPO

Comparision between Madhavbaug IPO and Safa Systems IPO.

IPO Details

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

  Madhavbaug IPO Safa Systems IPO
Logo Madhavbaug IPO Logo Safa 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 First Overseas Capital Limited Finshore Management Services Limited
Registrar Bigshare Services Pvt Ltd Cameo Corporate Services Limited
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 Safa Systems IPO is up to ₹4.00 Cr. The final issue price of Madhavbaug IPO is ₹73.00 per share and of Safa Systems IPO is ₹10.00 per share.

  Madhavbaug IPO Safa Systems IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹73.00 per share ₹10.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1600 shares 10000 shares
Fresh Issue Size 27,71,200 shares
Fresh Issue Size (Amount) up to ₹20.23 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 27,71,200 shares 40,00,000 shares
Issue Size Total (Amount) up to ₹20.23 Cr up to ₹4.00 Cr

IPO Timetable

Madhavbaug IPO opens on Feb 10, 2022, while Safa Systems IPO opens on Jan 28, 2022. The closing date of Madhavbaug IPO and Safa Systems IPO is Feb 15, 2022, and Feb 01, 2022, respectively.

  Madhavbaug IPO Safa Systems IPO
Anchor Bid Date
Issue Open Feb 10, 2022 Jan 28, 2022
Issue Close Feb 15, 2022 Feb 01, 2022
Basis Of Allotment (Tentative) Feb 18, 2022 Feb 04, 2022
Initiation of Refunds (Tentative) Feb 21, 2022 Feb 07, 2022
Credit of Share (Tentative) Feb 22, 2022 Feb 08, 2022
Listing date (Tentative) Feb 23, 2022 Feb 09, 2022
Anchor Lockin End date 1 Mar 20, 2022 Mar 06, 2022
Anchor Lockin End date 2 May 19, 2022 May 05, 2022

Financials

Madhavbaug IPO P/E ratio is 28.29, as compared to Safa Systems IPO P/E ratio of 29.41.

  Madhavbaug IPO Safa 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)
  7-Oct-21 31-Mar-21 31-Mar-20
Total Assets 446.81 489.28 402.67
Total Revenue 1,451.92 2,086.60 2,552.25
Profit After Tax 2.73 2.93 3.12
Promoter Shareholding (Pre-Issue) 90.08% 100%
Promoter Shareholding (Post-Issue) 66.34% 73.47%
P/E Ratio 28.29 29.41
Market Cap ₹76.75 Cr. ₹15.08 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

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

  Madhavbaug IPO Safa Systems IPO
Anchor Investor Reserveration
Market Maker Reserveration 1,40,800 shares 2,00,000 shares
QIB
NII 13,15,200 shares 19,00,000 shares
RII 13,15,200 shares 19,00,000 shares
Employee
Others
Total 26,30,400 shares 38,00,000 shares

Bids Received (Subscription)

Madhavbaug IPO subscribed 2.82x in total, whereas Safa Systems IPO subscribed 52.71x.

  Madhavbaug IPO Safa Systems IPO
QIB (times)
NII (times) 2.66x 64.61x
Big NII (times)
Small NII (times)
RII (times) 2.98x 40.81x
Employee (times)
Other (times)
Total (times) 2.82x 52.71x

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