Excellent Wires and Packaging IPO vs My Mudra Fincorp IPO

Comparision between Excellent Wires and Packaging IPO and My Mudra Fincorp IPO.

IPO Details

Excellent Wires and Packaging IPO is a SME Book Built Issue IPO proposed to list at NSE SME while My Mudra Fincorp IPO is a SME Book Built Issue proposed to list at NSE SME.

	Excellent Wires and Packaging IPO	My Mudra Fincorp IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Inventure Merchant Banker Services Pvt Ltd	Hem Securities Limited
Registrar	Bigshare Services Pvt Ltd	Skyline Financial Services Private Ltd
Market Maker	Inventure Growth & Securities 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 Excellent Wires and Packaging IPO is up to ₹12.60 Cr whereas the issue size of the My Mudra Fincorp IPO is up to ₹33.26 Cr. The final issue price of Excellent Wires and Packaging IPO is ₹90.00 per share and of My Mudra Fincorp IPO is ₹110.00 per share.

	Excellent Wires and Packaging IPO	My Mudra Fincorp IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹104.00 per share
Issue Price (Upper)		₹110.00 per share
Issue Price (Final)	₹90.00 per share	₹110.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1200 shares
Fresh Issue Size	14,00,000 shares	30,24,000 shares
Fresh Issue Size (Amount)	up to ₹12.60 Cr	up to ₹33.26 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	14,00,000 shares	30,24,000 shares
Issue Size Total (Amount)	up to ₹12.60 Cr	up to ₹33.26 Cr

IPO Timetable

Excellent Wires and Packaging IPO opens on Sep 11, 2024, while My Mudra Fincorp IPO opens on Sep 05, 2024. The closing date of Excellent Wires and Packaging IPO and My Mudra Fincorp IPO is Sep 13, 2024, and Sep 09, 2024, respectively.

	Excellent Wires and Packaging IPO	My Mudra Fincorp IPO
Anchor Bid Date
Issue Open	Sep 11, 2024	Sep 05, 2024
Issue Close	Sep 13, 2024	Sep 09, 2024
Basis Of Allotment (Tentative)	Sep 16, 2024	Sep 10, 2024
Initiation of Refunds (Tentative)	Sep 17, 2024	Sep 11, 2024
Credit of Share (Tentative)	Sep 17, 2024	Sep 11, 2024
Listing date (Tentative)	Sep 19, 2024	Sep 12, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Excellent Wires and Packaging IPO P/E ratio is 33.3, as compared to My Mudra Fincorp IPO P/E ratio of 11.02.

Excellent Wires and Packaging IPO

My Mudra Fincorp IPO

Financial

Excellent Wires and Packaging Limited Financial Information (Restated Consolidated)

Excellent Wires and Packaging Limited's revenue increased by 6% and profit after tax (PAT) rose by 696% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	705.08	324.69	242.63
Revenue	1,540.82	1,448.46	728.85
Profit After Tax	82.98	10.43	4.73
Net Worth	397.09	17.11	6.68
Reserves and Surplus	362.09	15.11	4.68
Amount in ₹ Lakhs

My Mudra Fincorp Limited Financial Information (Restated)

My Mudra Fincorp Limited's revenue increased by 33% and profit after tax (PAT) rose by 141% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	3,027.82	1,485.01	939.6
Revenue	7,114.36	5,355.8	2,846.18
Profit After Tax	835.52	346.75	46.86
Net Worth	1,679.79	844.27	437.88
Reserves and Surplus	1,678.61	843.08	436.81
Total Borrowing	964.41	371.1	341.2
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

91.90%

78.74%

Promoter Shareholding (Post-Issue)

63.12%

57.84%

P/E Ratio

33.3

11.02

Market Cap

₹40.23 Cr.

₹125.31 Cr.

ROE

66.20%%

ROCE

45.98%%

Debt/Equity

EPS

₹2.70

₹9.98

RoNW

20.90%%

49.74%%

Shares Offered

In the Excellent Wires and Packaging IPO retail investors (RII) are offered 6,64,000 shares while in My Mudra Fincorp IPO retail investors are offered 6,64,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Excellent Wires and Packaging IPO and 5,74,800 shares in My Mudra Fincorp IPO.

	Excellent Wires and Packaging IPO	My Mudra Fincorp IPO
Anchor Investor Reserveration		8,59,200 shares
Market Maker Reserveration	72,000 shares	1,53,600 shares
QIB	0 shares	5,74,800 shares
NII	6,64,000 shares	4,30,800 shares
RII	6,64,000 shares	10,05,600 shares
Employee	0 shares	0 shares
Others
Total	13,28,000 shares	20,11,200 shares

Bids Received (Subscription)

Excellent Wires and Packaging IPO subscribed 20.37x in total, whereas My Mudra Fincorp IPO subscribed 102.48x.

	Excellent Wires and Packaging IPO	My Mudra Fincorp IPO
QIB (times)		48.83x
NII (times)	8.75x	159.37x
Big NII (times)
Small NII (times)
RII (times)	32.00x	108.77x
Employee (times)
Other (times)
Total (times)	20.37x	102.48x

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