Heranba Industries IPO vs MTAR Technologies IPO

Comparision between Heranba Industries IPO and MTAR Technologies IPO.

IPO Details

Heranba Industries IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while MTAR Technologies IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Heranba Industries IPO	MTAR Technologies IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Batlivala & Karani Securities India Private Limited Emkay Global Financial Services Ltd	Iifl Securities Ltd Jm Financial Limited
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies 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 Heranba Industries IPO is up to ₹625.24 Cr whereas the issue size of the MTAR Technologies IPO is up to ₹596.41 Cr. The final issue price of Heranba Industries IPO is ₹627.00 per share and of MTAR Technologies IPO is ₹575.00 per share.

	Heranba Industries IPO	MTAR Technologies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹626.00 per share	₹574.00 per share
Issue Price (Upper)	₹627.00 per share	₹575.00 per share
Issue Price (Final)	₹627.00 per share	₹575.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	23 shares	26 shares
Fresh Issue Size		21,48,149 shares
Fresh Issue Size (Amount)	up to ₹60.00 Cr	up to ₹123.52 Cr
OFS Issue Size	90,15,000 shares	82,24,270 shares
OFS Issue Size (Amount)		up to ₹472.90 Cr
Issue Size Total		1,03,72,419 shares
Issue Size Total (Amount)	up to ₹625.24 Cr	up to ₹596.41 Cr

IPO Timetable

Heranba Industries IPO opens on Feb 23, 2021, while MTAR Technologies IPO opens on Mar 03, 2021. The closing date of Heranba Industries IPO and MTAR Technologies IPO is Feb 25, 2021, and Mar 05, 2021, respectively.

	Heranba Industries IPO	MTAR Technologies IPO
Anchor Bid Date
Issue Open	Feb 23, 2021	Mar 03, 2021
Issue Close	Feb 25, 2021	Mar 05, 2021
Basis Of Allotment (Tentative)	Mar 02, 2021	Mar 10, 2021
Initiation of Refunds (Tentative)	Mar 03, 2021	Mar 12, 2021
Credit of Share (Tentative)	Mar 04, 2021	Mar 15, 2021
Listing date (Tentative)	Mar 05, 2021	Mar 15, 2021
Anchor Lockin End date 1	Apr 01, 2021	Apr 09, 2021
Anchor Lockin End date 2	May 31, 2021	Jun 08, 2021

Financials

Heranba Industries IPO P/E ratio is , as compared to MTAR Technologies IPO P/E ratio of .

Heranba Industries IPO

MTAR Technologies IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in million)
	30-Sep-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	7,881.20	6,247.63	5,604.43	4,504.65
Total Revenue	6,192.11	9,679.06	10,118.38	7,504.10
Profit After Tax	663.11	977.50	754.02	468.76

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in million)
	31-Dec-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	3,819.14	3,462.71	3,051.58	2,810.32
Total Revenue	1,779.91	2,181.42	1,859.10	1,605.45
Profit After Tax	280.69	313.18	391.99	54.23

Promoter Shareholding (Pre-Issue)

98.1%

62.24%

Promoter Shareholding (Post-Issue)

74.1%

50.25%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Heranba Industries IPO retail investors (RII) are offered 34,90,178 shares while in MTAR Technologies IPO retail investors are offered 34,90,178 shares. Qualified institutional buyers (QIB) are offered 19,95,448 shares in Heranba Industries IPO and 20,74,484 shares in MTAR Technologies IPO.

	Heranba Industries IPO	MTAR Technologies IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	19,95,448 shares	20,74,484 shares
NII	14,95,791 shares	15,55,863 shares
RII	34,90,178 shares	36,30,347 shares
Employee	0 shares	0 shares
Others
Total	69,81,417 shares	72,60,694 shares

Bids Received (Subscription)

Heranba Industries IPO subscribed 83.29x in total, whereas MTAR Technologies IPO subscribed 200.79x.

	Heranba Industries IPO	MTAR Technologies IPO
QIB (times)	67.45x	164.99x
NII (times)	271.15x	650.79x
Big NII (times)
Small NII (times)
RII (times)	11.84x	28.40x
Employee (times)
Other (times)
Total (times)	83.29x	200.79x

Compare with others

Heranba Industries IPO	MTAR Technologies IPO
Laxmi Organic IPO	Anupam Rasayan IPO
Craftsman Automation IPO	Laxmi Organic IPO
Nazara Technologies IPO	Craftsman Automation IPO
EaseMyTrip IPO	Nazara Technologies IPO
MTAR Technologies IPO	EaseMyTrip IPO
Nureca limited IPO	Heranba Industries IPO
Brookfield India REIT	Nureca limited IPO
Stove Kraft IPO	Brookfield India REIT
Home First Finance IPO	Stove Kraft IPO
Indigo Paints IPO	Home First Finance IPO

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