Maiden Forgings IPO vs VELS Film International IPO

Comparision between Maiden Forgings IPO and VELS Film International IPO.

IPO Details

Maiden Forgings IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while VELS Film International IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Maiden Forgings IPO	VELS Film International IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Share India Capital Services Private Limited	Khambatta Securities Limited
Registrar	Maashitla Securities Private Limited	Cameo Corporate Services Limited
Market Maker	Share India Securities Limited	Ss Corporate Securities Limited
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 Maiden Forgings IPO is up to ₹23.84 Cr whereas the issue size of the VELS Film International IPO is up to ₹33.74 Cr. The final issue price of Maiden Forgings IPO is ₹63.00 per share and of VELS Film International IPO is ₹99.00 per share.

	Maiden Forgings IPO	VELS Film International IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹60.00 per share
Issue Price (Upper)	₹63.00 per share
Issue Price (Final)	₹63.00 per share	₹99.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1200 shares
Fresh Issue Size	37,84,000 shares	34,08,000 shares
Fresh Issue Size (Amount)	up to ₹23.84 Cr	up to ₹33.74 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	37,84,000 shares	34,08,000 shares
Issue Size Total (Amount)	up to ₹23.84 Cr	up to ₹33.74 Cr

IPO Timetable

Maiden Forgings IPO opens on Mar 23, 2023, while VELS Film International IPO opens on Mar 10, 2023. The closing date of Maiden Forgings IPO and VELS Film International IPO is Mar 27, 2023, and Mar 14, 2023, respectively.

	Maiden Forgings IPO	VELS Film International IPO
Anchor Bid Date	Mar 22, 2023
Issue Open	Mar 23, 2023	Mar 10, 2023
Issue Close	Mar 27, 2023	Mar 14, 2023
Basis Of Allotment (Tentative)	Mar 31, 2023	Mar 17, 2023
Initiation of Refunds (Tentative)	Apr 03, 2023	Mar 20, 2023
Credit of Share (Tentative)	Apr 05, 2023	Mar 21, 2023
Listing date (Tentative)	Apr 06, 2023	Mar 22, 2023
Anchor Lockin End date 1	Apr 30, 2023	Apr 16, 2023
Anchor Lockin End date 2	Jun 29, 2023	Jun 15, 2023

Financials

Maiden Forgings IPO P/E ratio is 8.38, as compared to VELS Film International IPO P/E ratio of 58.58.

Maiden Forgings IPO

VELS Film International IPO

Financial

Maiden Forgings Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	9,890.05	20,440.37	165.95	2,136.92	1,672.02	5,788.13
31-Mar-21	10,484.25	19,937.49	168.94	2,899.11	2,377.71	5,428.93
31-Mar-22	11,014.23	21,083.72	213.94	3,113.05	2,591.65	6,170.75
31-Dec-22	12,595.69	16,381.04	801.51	3,914.56	2,871.76	6,525.17
Amount in ₹ Lakhs

VELS Film International Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-22	12,090.06	2,717.92	338.23	1,879.42	929.42
30-Sep-22	14,619.59	4,718.97	134.00	2,013.42	1,063.42
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

73.37%

P/E Ratio

8.38

58.58

Market Cap

₹89.54 Cr.

₹127.79 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Maiden Forgings IPO retail investors (RII) are offered 22,64,000 shares while in VELS Film International IPO retail investors are offered 22,64,000 shares. Qualified institutional buyers (QIB) are offered 3,60,000 shares in Maiden Forgings IPO and in VELS Film International IPO.

	Maiden Forgings IPO	VELS Film International IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,90,000 shares	1,72,800 shares
QIB	3,60,000 shares
NII	9,70,000 shares	16,17,600 shares
RII	22,64,000 shares	16,17,600 shares
Employee	0 shares
Others
Total	37,84,000 shares	32,35,200 shares

Bids Received (Subscription)

Maiden Forgings IPO subscribed 1.20x in total, whereas VELS Film International IPO subscribed 1.10x.

	Maiden Forgings IPO	VELS Film International IPO
QIB (times)	1.00x
NII (times)	1.42x	1.22x
Big NII (times)
Small NII (times)
RII (times)	1.12x	0.97x
Employee (times)
Other (times)
Total (times)	1.20x	1.10x

Compare with others

Maiden Forgings IPO	VELS Film International IPO
Sancode Technologies IPO	Maiden Forgings IPO
Exhicon Events IPO	Command Polymers IPO
Sotac Pharmaceuticals IPO	Dev Labtech Venture IPO
MOS Utility IPO	Nirman Agri Genetics IPO
Infinium Pharmachem IPO	Labelkraft Technologies IPO
Command Polymers IPO	Bright Outdoor Media IPO
Dev Labtech Venture IPO	Prospect Commodities IPO
Nirman Agri Genetics IPO	Quality Foils (India) IPO
Labelkraft Technologies IPO	Sudarshan Pharma Industries IPO
VELS Film International IPO	Vertexplus Technologies IPO

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