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Marinetrans India IPO vs Shanti Spintex IPO

Comparision between Marinetrans India IPO and Shanti Spintex IPO.

IPO Details

Marinetrans India IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Shanti Spintex IPO is a SME Book Built Issue proposed to list at BSE SME.

  Marinetrans India IPO Shanti Spintex IPO
Logo Marinetrans India IPO Logo Shanti Spintex IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Book Built Issue
Listing At NSE SME BSE SME
Lead Managers Swaraj shares and securities private limited Hem Securities Limited
Registrar Skyline Financial Services Private Ltd Kfin Technologies Limited
Market Maker Nnm Securities Private Limited Hem Finlease Private Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Marinetrans India IPO is up to ₹10.92 Cr whereas the issue size of the Shanti Spintex IPO is up to ₹31.25 Cr. The final issue price of Marinetrans India IPO is ₹26.00 per share and of Shanti Spintex IPO is ₹70.00 per share.

  Marinetrans India IPO Shanti Spintex IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹66.00 per share
Issue Price (Upper) ₹70.00 per share
Issue Price (Final) ₹26.00 per share ₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 4000 shares 2000 shares
Fresh Issue Size 42,00,000 shares 26,88,000 shares
Fresh Issue Size (Amount) up to ₹10.92 Cr up to ₹18.82 Cr
OFS Issue Size 17,76,000 shares
OFS Issue Size (Amount) up to ₹12.43 Cr
Issue Size Total 42,00,000 shares 44,64,000 shares
Issue Size Total (Amount) up to ₹10.92 Cr up to ₹31.25 Cr

IPO Timetable

Marinetrans India IPO opens on Nov 30, 2023, while Shanti Spintex IPO opens on Dec 19, 2023. The closing date of Marinetrans India IPO and Shanti Spintex IPO is Dec 05, 2023, and Dec 21, 2023, respectively.

  Marinetrans India IPO Shanti Spintex IPO
Anchor Bid Date
Issue Open Nov 30, 2023 Dec 19, 2023
Issue Close Dec 05, 2023 Dec 21, 2023
Basis Of Allotment (Tentative) Dec 06, 2023 Dec 22, 2023
Initiation of Refunds (Tentative) Dec 07, 2023 Dec 26, 2023
Credit of Share (Tentative) Dec 07, 2023 Dec 26, 2023
Listing date (Tentative) Dec 08, 2023 Dec 27, 2023
Anchor Lockin End date 1 Jan 05, 2024 Jan 21, 2024
Anchor Lockin End date 2 Mar 05, 2024 Mar 21, 2024

Financials

Marinetrans India IPO P/E ratio is 14.53, as compared to Shanti Spintex IPO P/E ratio of 9.82.

  Marinetrans India IPO Shanti Spintex IPO
Financial

Marinetrans India Limited Financial Information (Restated Consolidated)

Marinetrans India Limited's revenue decreased by -26.03% and profit after tax (PAT) dropped by -17.94% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 May 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,615.362,618.582,305.892,204.06
Revenue1,384.3815,036.8420,327.239,613.13
Profit After Tax13.91152.83186.2479.78
Net Worth1,617.961,604.041,451.221,255.94
Reserves and Surplus
Total Borrowing603.68557.98252.75212.38
Amount in ₹ Lakhs

Shanti Spintex Limited Financial Information (Restated)

Shanti Spintex Limited's revenue increased by 45.23% and profit after tax (PAT) rose by 108.14% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets17,457.3117,588.3313,631.3311,926.82
Revenue16,237.6337,071.2725,526.5111,293.73
Profit After Tax523.751,012.81486.59337.53
Net Worth6,122.315,603.934,622.734,136.14
Reserves and Surplus4,702.314,893.933,912.733,426.14
Total Borrowing3,474.454,177.664,868.644,278.83
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 87.49%
Promoter Shareholding (Post-Issue) 73.57%
P/E Ratio 14.53 9.82
Market Cap ₹33.09 Cr. ₹118.22 Cr.
ROE 10.00%% 19.81%%
ROCE 11.29%% 10.12%%
Debt/Equity 0.35 0.75
EPS ₹1.79 ₹7.13
RoNW 9.53%% 18.07%%

Shares Offered

In the Marinetrans India IPO retail investors (RII) are offered 19,92,000 shares while in Shanti Spintex IPO retail investors are offered 19,92,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Marinetrans India IPO and 8,48,000 shares in Shanti Spintex IPO.

  Marinetrans India IPO Shanti Spintex IPO
Anchor Investor Reserveration 12,72,000 shares
Market Maker Reserveration 2,16,000 shares 2,24,000 shares
QIB 0 shares 8,48,000 shares
NII 19,92,000 shares 6,36,000 shares
RII 19,92,000 shares 14,84,000 shares
Employee 0 shares 0 shares
Others
Total 39,84,000 shares 29,68,000 shares

Bids Received (Subscription)

Marinetrans India IPO subscribed 33.00x in total, whereas Shanti Spintex IPO subscribed 27.38x.

  Marinetrans India IPO Shanti Spintex IPO
QIB (times) 14.34x
NII (times) 18.05x 57.28x
Big NII (times)
Small NII (times)
RII (times) 47.24x 22.01x
Employee (times)
Other (times)
Total (times) 33.00x 27.38x

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