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Madhusudan Masala IPO vs Techknowgreen Solutions IPO

Comparision between Madhusudan Masala IPO and Techknowgreen Solutions IPO.

IPO Details

Madhusudan Masala IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Techknowgreen Solutions IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  Madhusudan Masala IPO Techknowgreen Solutions IPO
Logo Madhusudan Masala IPO Logo Techknowgreen Solutions IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Fixed Price Issue
Listing At NSE SME BSE SME
Lead Managers Hem Securities Limited Indorient Financial Services Ltd
Registrar Kfin Technologies Limited Bigshare Services Pvt Ltd
Market Maker Hem Finlease Private Limited Alacrity Securities Ltd.
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 Madhusudan Masala IPO is up to ₹23.80 Cr whereas the issue size of the Techknowgreen Solutions IPO is up to ₹16.72 Cr. The final issue price of Madhusudan Masala IPO is ₹70.00 per share and of Techknowgreen Solutions IPO is ₹86.00 per share.

  Madhusudan Masala IPO Techknowgreen Solutions 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) ₹70.00 per share ₹86.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 1600 shares
Fresh Issue Size 34,00,000 shares 19,44,000 shares
Fresh Issue Size (Amount) up to ₹23.80 Cr up to ₹16.72 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 34,00,000 shares 19,44,000 shares
Issue Size Total (Amount) up to ₹23.80 Cr up to ₹16.72 Cr

IPO Timetable

Madhusudan Masala IPO opens on Sep 18, 2023, while Techknowgreen Solutions IPO opens on Sep 18, 2023. The closing date of Madhusudan Masala IPO and Techknowgreen Solutions IPO is Sep 21, 2023, and Sep 21, 2023, respectively.

  Madhusudan Masala IPO Techknowgreen Solutions IPO
Anchor Bid Date Sep 15, 2023
Issue Open Sep 18, 2023 Sep 18, 2023
Issue Close Sep 21, 2023 Sep 21, 2023
Basis Of Allotment (Tentative) Sep 26, 2023 Sep 26, 2023
Initiation of Refunds (Tentative) Sep 27, 2023 Sep 27, 2023
Credit of Share (Tentative) Sep 29, 2023 Sep 28, 2023
Listing date (Tentative) Sep 26, 2023 Sep 27, 2023
Anchor Lockin End date 1 Oct 26, 2023 Oct 26, 2023
Anchor Lockin End date 2 Dec 25, 2023 Dec 25, 2023

Financials

Madhusudan Masala IPO P/E ratio is 10.08, as compared to Techknowgreen Solutions IPO P/E ratio of 9.71.

  Madhusudan Masala IPO Techknowgreen Solutions IPO
Financial
Madhusudan Masala IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets2,599.903,514.295,736.52
Revenue6,875.186,651.8112,750.57
Profit After Tax44.9881.29575.89
Net Worth1,094.0931.071,099.10
Reserves and Surplus30.07599.10
Total Borrowing966.402,819.534,217.20
Amount in ₹ Lakhs
Techknowgreen Solutions IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets1,181.75953.941,237.25
Revenue785.27999.091,486.28
Profit After Tax37.17108.18451.38
Net Worth296.43355.86633.63
Reserves and Surplus-213.20-153.76124.00
Total Borrowing450.71285.86287.40
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 89.02%
Promoter Shareholding (Post-Issue) 73.64% 65.58%
P/E Ratio 10.08 9.71
Market Cap ₹90.30 Cr. ₹63.49 Cr.
ROE 101.91%% 88.57%%
ROCE 20.08%% 98.74%%
Debt/Equity 3.84 0.45
EPS ₹6.94 ₹8.86
RoNW 52.40%% 71.24%%

Shares Offered

In the Madhusudan Masala IPO retail investors (RII) are offered 11,30,000 shares while in Techknowgreen Solutions IPO retail investors are offered 11,30,000 shares. Qualified institutional buyers (QIB) are offered 6,46,000 shares in Madhusudan Masala IPO and 0 shares in Techknowgreen Solutions IPO.

  Madhusudan Masala IPO Techknowgreen Solutions IPO
Anchor Investor Reserveration 9,66,000 shares
Market Maker Reserveration 1,72,000 shares 97,600 shares
QIB 6,46,000 shares 0 shares
NII 4,86,000 shares 9,23,200 shares
RII 11,30,000 shares 9,23,200 shares
Employee 0 shares 0 shares
Others
Total 22,62,000 shares 18,46,400 shares

Bids Received (Subscription)

Madhusudan Masala IPO subscribed 444.27x in total, whereas Techknowgreen Solutions IPO subscribed 12.98x.

  Madhusudan Masala IPO Techknowgreen Solutions IPO
QIB (times) 86.91x
NII (times) 574.08x 9.08x
Big NII (times)
Small NII (times)
RII (times) 592.73x 15.82x
Employee (times)
Other (times)
Total (times) 444.27x 12.98x

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