Dipna Pharmachem IPO vs Mega Flex Plastics IPO

Comparision between Dipna Pharmachem IPO and Mega Flex Plastics IPO.

IPO Details

Dipna Pharmachem IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Mega Flex Plastics IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Dipna Pharmachem IPO	Mega Flex Plastics IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Interactive Financial Services Ltd	Finshore Management Services Limited
Registrar	Bigshare Services Pvt Ltd	Cameo Corporate Services 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 Dipna Pharmachem IPO is up to ₹15.21 Cr whereas the issue size of the Mega Flex Plastics IPO is up to ₹11.40 Cr. The final issue price of Dipna Pharmachem IPO is ₹38.00 per share and of Mega Flex Plastics IPO is ₹40.00 per share.

	Dipna Pharmachem IPO	Mega Flex Plastics IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹38.00 per share	₹40.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	3000 shares
Fresh Issue Size	40,02,000 shares	28,50,000 shares
Fresh Issue Size (Amount)	up to ₹15.21 Cr	up to ₹11.40 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	40,02,000 shares	28,50,000 shares
Issue Size Total (Amount)	up to ₹15.21 Cr	up to ₹11.40 Cr

IPO Timetable

Dipna Pharmachem IPO opens on Aug 25, 2022, while Mega Flex Plastics IPO opens on Sep 06, 2022. The closing date of Dipna Pharmachem IPO and Mega Flex Plastics IPO is Aug 30, 2022, and Sep 09, 2022, respectively.

	Dipna Pharmachem IPO	Mega Flex Plastics IPO
Anchor Bid Date
Issue Open	Aug 25, 2022	Sep 06, 2022
Issue Close	Aug 30, 2022	Sep 09, 2022
Basis Of Allotment (Tentative)		Sep 14, 2022
Initiation of Refunds (Tentative)		Sep 15, 2022
Credit of Share (Tentative)		Sep 16, 2022
Listing date (Tentative)		Sep 19, 2022
Anchor Lockin End date 1		Oct 14, 2022
Anchor Lockin End date 2		Dec 13, 2022

Financials

Dipna Pharmachem IPO P/E ratio is 39, as compared to Mega Flex Plastics IPO P/E ratio of 16.19.

Dipna Pharmachem IPO

Mega Flex Plastics IPO

Financial

Dipna Pharmachem Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	1844.18	3054.85	5.9	54.75	51.25
31-Mar-21	2479.34	3101.54	2.42	57.17	53.67
31-Mar-22	3622.96	7276.58	116.69	173.86	170.36
Amount in ₹ Lakhs

Mega Flex Plastics Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	2999.93	3343.16	219.85	2710.33	2534.89
31-Mar-21	3200.22	3108.53	128.87	2839.2	2663.75
31-Mar-22	3414.68	4739.16	265.93	3105.13	2929.68
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

99.79%

Promoter Shareholding (Post-Issue)

66.56%

73.32%

P/E Ratio

16.19

Market Cap

₹45.49 Cr.

₹42.98 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Dipna Pharmachem IPO retail investors (RII) are offered 18,99,000 shares while in Mega Flex Plastics IPO retail investors are offered 18,99,000 shares. Qualified institutional buyers (QIB) are offered in Dipna Pharmachem IPO and in Mega Flex Plastics IPO.

	Dipna Pharmachem IPO	Mega Flex Plastics IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,04,000 shares	1,44,000 shares
QIB
NII	18,99,000 shares	13,53,000 shares
RII	18,99,000 shares	13,53,000 shares
Employee
Others
Total	37,98,000 shares	27,06,000 shares

Bids Received (Subscription)

Dipna Pharmachem IPO subscribed 2.77x in total, whereas Mega Flex Plastics IPO subscribed 46.31x.

	Dipna Pharmachem IPO	Mega Flex Plastics IPO
QIB (times)
NII (times)	0.78x	52.86x
Big NII (times)
Small NII (times)
RII (times)	4.75x	39.75x
Employee (times)
Other (times)
Total (times)	2.77x	46.31x

Compare with others

Dipna Pharmachem IPO	Mega Flex Plastics IPO
Shantidoot Infra Services IPO	Tapi Fruit Processing IPO
Mega Flex Plastics IPO	Annapurna Swadisht IPO
Viviana Power Tech IPO	Ishan International IPO
Virtuoso Optoelectronics IPO	Sabar Flex India IPO
EP Biocomposites IPO	Shantidoot Infra Services IPO
Ameya Engineers IPO	Viviana Power Tech IPO
Kore Mobile IPO	Virtuoso Optoelectronics IPO
Naturo Indiabull IPO	EP Biocomposites IPO
Rhetan TMT IPO	Dipna Pharmachem IPO
JFL Life Sciences IPO	Ameya Engineers IPO

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