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Marinetrans India IPO vs Siyaram Recycling IPO

Comparision between Marinetrans India IPO and Siyaram Recycling IPO.

IPO Details

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

  Marinetrans India IPO Siyaram Recycling IPO
Logo Marinetrans India IPO Logo Siyaram Recycling 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 Cameo Corporate Services 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 Siyaram Recycling IPO is up to ₹22.96 Cr. The final issue price of Marinetrans India IPO is ₹26.00 per share and of Siyaram Recycling IPO is ₹46.00 per share.

  Marinetrans India IPO Siyaram Recycling IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹43.00 per share
Issue Price (Upper) ₹46.00 per share
Issue Price (Final) ₹26.00 per share ₹46.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 4000 shares 3000 shares
Fresh Issue Size 42,00,000 shares 49,92,000 shares
Fresh Issue Size (Amount) up to ₹10.92 Cr up to ₹22.96 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 42,00,000 shares 49,92,000 shares
Issue Size Total (Amount) up to ₹10.92 Cr up to ₹22.96 Cr

IPO Timetable

Marinetrans India IPO opens on Nov 30, 2023, while Siyaram Recycling IPO opens on Dec 14, 2023. The closing date of Marinetrans India IPO and Siyaram Recycling IPO is Dec 05, 2023, and Dec 18, 2023, respectively.

  Marinetrans India IPO Siyaram Recycling IPO
Anchor Bid Date
Issue Open Nov 30, 2023 Dec 14, 2023
Issue Close Dec 05, 2023 Dec 18, 2023
Basis Of Allotment (Tentative) Dec 06, 2023 Dec 19, 2023
Initiation of Refunds (Tentative) Dec 07, 2023 Dec 20, 2023
Credit of Share (Tentative) Dec 07, 2023 Dec 20, 2023
Listing date (Tentative) Dec 08, 2023 Dec 21, 2023
Anchor Lockin End date 1 Jan 05, 2024 Jan 18, 2024
Anchor Lockin End date 2 Mar 05, 2024 Mar 18, 2024

Financials

Marinetrans India IPO P/E ratio is 14.53, as compared to Siyaram Recycling IPO P/E ratio of 8.3.

  Marinetrans India IPO Siyaram Recycling 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

Siyaram Recycling Industries Limited Financial Information (Restated)

Siyaram Recycling Industries Limited's revenue increased by 16.75% and profit after tax (PAT) rose by 137.36% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets15,136.319,851.359,823.59
Revenue49,786.2742,644.3413,972.93
Profit After Tax765.42322.47142.28
Net Worth4,642.123,876.713,554.23
Reserves and Surplus3,261.572,496.162,173.68
Total Borrowing6,706.952,821.022,931.72
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 100%
Promoter Shareholding (Post-Issue)
P/E Ratio 14.53 8.3
Market Cap ₹33.09 Cr. ₹86.47 Cr.
ROE 10.00%% 17.97%%
ROCE 11.29%% 13.42%%
Debt/Equity 0.35 1.44
EPS ₹1.79 ₹5.54
RoNW 9.53%% 16.49%%

Shares Offered

In the Marinetrans India IPO retail investors (RII) are offered 19,92,000 shares while in Siyaram Recycling IPO retail investors are offered 19,92,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Marinetrans India IPO and 9,48,000 shares in Siyaram Recycling IPO.

  Marinetrans India IPO Siyaram Recycling IPO
Anchor Investor Reserveration 14,22,000 shares
Market Maker Reserveration 2,16,000 shares 2,52,000 shares
QIB 0 shares 9,48,000 shares
NII 19,92,000 shares 7,11,000 shares
RII 19,92,000 shares 16,59,000 shares
Employee 0 shares 0 shares
Others
Total 39,84,000 shares 33,18,000 shares

Bids Received (Subscription)

Marinetrans India IPO subscribed 33.00x in total, whereas Siyaram Recycling IPO subscribed 385.19x.

  Marinetrans India IPO Siyaram Recycling IPO
QIB (times) 96.43x
NII (times) 18.05x 597.72x
Big NII (times)
Small NII (times)
RII (times) 47.24x 459.11x
Employee (times)
Other (times)
Total (times) 33.00x 385.19x

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