Milestone Furniture IPO vs Sirca Paints IPO

Comparision between Milestone Furniture IPO and Sirca Paints IPO.

IPO Details

Milestone Furniture IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Sirca Paints IPO is a SME Book Built Issue proposed to list at NSE SME.

	Milestone Furniture IPO	Sirca Paints IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Monarch Networth Capital Ltd	Navigant Corporate Advisors Ltd
Registrar	Kfin Technologies Limited	Kfin Technologies 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 Milestone Furniture IPO is up to ₹14.84 Cr whereas the issue size of the Sirca Paints IPO is up to ₹77.92 Cr. The final issue price of Milestone Furniture IPO is ₹45.00 per share and of Sirca Paints IPO is ₹160.00 per share.

	Milestone Furniture IPO	Sirca Paints IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹151.00 per share
Issue Price (Upper)		₹160.00 per share
Issue Price (Final)	₹45.00 per share	₹160.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	800 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	32,97,000 shares	48,70,000 shares
Issue Size Total (Amount)	up to ₹14.84 Cr	up to ₹77.92 Cr

IPO Timetable

Milestone Furniture IPO opens on May 07, 2018, while Sirca Paints IPO opens on May 16, 2018. The closing date of Milestone Furniture IPO and Sirca Paints IPO is May 11, 2018, and May 22, 2018, respectively.

	Milestone Furniture IPO	Sirca Paints IPO
Anchor Bid Date
Issue Open	May 07, 2018	May 16, 2018
Issue Close	May 11, 2018	May 22, 2018
Basis Of Allotment (Tentative)	May 16, 2018
Initiation of Refunds (Tentative)	May 17, 2018
Credit of Share (Tentative)	May 18, 2018
Listing date (Tentative)	May 21, 2018
Anchor Lockin End date 1	Jun 15, 2018
Anchor Lockin End date 2	Aug 14, 2018

Financials

Milestone Furniture IPO P/E ratio is , as compared to Sirca Paints IPO P/E ratio of .

Milestone Furniture IPO

Sirca Paints IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14
Total Assets	53,160,563	23,014,900	21,710,118	8,257,681
Total Revenue	89,467,999	55,175,651	33,229,409	3,787,759
Profit After Tax	3,247,677	1,989,136	542,472	343,186

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Millions)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	6,131.25	4,507.57	3,341.52	2,910.05	2,173.65
Total Revenue	8,434.17	7,266.09	6,976.85	5,408.00	3,402.29
Profit After Tax	1,370.34	727.62	617.88	197.11	50.40

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Milestone Furniture IPO retail investors (RII) are offered 15,66,000 shares while in Sirca Paints IPO retail investors are offered 15,66,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Milestone Furniture IPO and 0 shares in Sirca Paints IPO.

	Milestone Furniture IPO	Sirca Paints IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,65,000 shares	2,44,000 shares
QIB	0 shares	0 shares
NII	15,66,000 shares	23,12,800 shares
RII	15,66,000 shares	23,12,800 shares
Employee
Others
Total	32,97,000 shares	48,69,600 shares

Bids Received (Subscription)

Milestone Furniture IPO subscribed 2.13x in total, whereas Sirca Paints IPO subscribed 8.32x.

	Milestone Furniture IPO	Sirca Paints IPO
QIB (times)
NII (times)	0.82x	9.69x
Big NII (times)
Small NII (times)
RII (times)	3.45x	6.44x
Employee (times)
Other (times)
Total (times)	2.13x	8.32x

Compare with others

Milestone Furniture IPO	Sirca Paints IPO
Suumaya Lifestyle IPO	Affordable Robotic Automation IPO
Megastar Foods IPO	Latteys Industries IPO
Innovators Facade Systems IPO	Suumaya Lifestyle IPO
Sirca Paints IPO	Megastar Foods IPO
U H Zaveri IPO	Innovators Facade Systems IPO
E2E Networks IPO	U H Zaveri IPO
Five Core Electronics IPO	Milestone Furniture IPO
SoftTech Engineers IPO	E2E Networks IPO
Godha Cabcon Insulation IPO	Five Core Electronics IPO
Akshar Spintex IPO	SoftTech Engineers IPO

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