IBL Finance IPO vs Shree Marutinandan Tubes IPO

Comparision between IBL Finance IPO and Shree Marutinandan Tubes IPO.

IPO Details

IBL Finance IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Shree Marutinandan Tubes IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	IBL Finance IPO	Shree Marutinandan Tubes IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Fedex Securities�Pvt Ltd	Swastika Investmart Ltd
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Market-Hub Stock Broking Private Limited	Swastika Investmart 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 IBL Finance IPO is up to ₹33.41 Cr whereas the issue size of the Shree Marutinandan Tubes IPO is up to ₹14.30 Cr. The final issue price of IBL Finance IPO is ₹51.00 per share and of Shree Marutinandan Tubes IPO is ₹143.00 per share.

	IBL Finance IPO	Shree Marutinandan Tubes IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹51.00 per share	₹143.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1000 shares
Fresh Issue Size	65,50,000 shares	10,00,000 shares
Fresh Issue Size (Amount)	up to ₹33.41 Cr	up to ₹14.30 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	65,50,000 shares	10,00,000 shares
Issue Size Total (Amount)	up to ₹33.41 Cr	up to ₹14.30 Cr

IPO Timetable

IBL Finance IPO opens on Jan 09, 2024, while Shree Marutinandan Tubes IPO opens on Jan 12, 2024. The closing date of IBL Finance IPO and Shree Marutinandan Tubes IPO is Jan 11, 2024, and Jan 16, 2024, respectively.

	IBL Finance IPO	Shree Marutinandan Tubes IPO
Anchor Bid Date
Issue Open	Jan 09, 2024	Jan 12, 2024
Issue Close	Jan 11, 2024	Jan 16, 2024
Basis Of Allotment (Tentative)	Jan 12, 2024	Jan 17, 2024
Initiation of Refunds (Tentative)	Jan 15, 2024	Jan 18, 2024
Credit of Share (Tentative)	Jan 15, 2024	Jan 18, 2024
Listing date (Tentative)	Jan 16, 2024	Jan 19, 2024
Anchor Lockin End date 1	Feb 11, 2024	Feb 16, 2024
Anchor Lockin End date 2	Apr 11, 2024	Apr 16, 2024

Financials

IBL Finance IPO P/E ratio is 48.08, as compared to Shree Marutinandan Tubes IPO P/E ratio of 17.44.

IBL Finance IPO

Shree Marutinandan Tubes IPO

Financial

IBL Finance Limited Financial Information (Restated)

IBL Finance Limited's revenue increased by 307.59% and profit after tax (PAT) rose by 351.28% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Jul 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,317.60	2,218.11	1,022.85	339.10
Revenue	492.58	1,333.13	327.08	112.59
Profit After Tax	120.60	192.83	42.73	-9.88
Net Worth	2,169.34	2,048.74	355.47	312.73
Reserves and Surplus	351.27	1,139.71	29.47	-13.27
Total Borrowing	7.51	9.12	640.58
Amount in ₹ Lakhs

Shree Marutinandan Tubes Limited Financial Information (Restated)

Shree Marutinandan Tubes Limited's revenue increased by 0.09% and profit after tax (PAT) rose by 3257.07% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,234.29	1,617.60	1,284.83	1,301.03
Revenue	4,284.64	4,722.58	4,718.49	3,597.28
Profit After Tax	141.99	201.76	6.01	13.30
Net Worth	409.70	267.74	65.98	59.98
Reserves and Surplus	163.73	247.24	45.48	39.48
Total Borrowing	607.28	716.90	688.89	795.31
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

85.55%

82.00%

Promoter Shareholding (Post-Issue)

62.89%

58.30%

P/E Ratio

48.08

17.44

Market Cap

₹126.13 Cr.

₹49.48 Cr.

ROE

9.41%%

120.91%%

ROCE

18.88%%

78.52%%

Debt/Equity

2.68

EPS

₹1.06

₹8.20

RoNW

9.41%%

75.36%%

Shares Offered

In the IBL Finance IPO retail investors (RII) are offered 31,10,000 shares while in Shree Marutinandan Tubes IPO retail investors are offered 31,10,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in IBL Finance IPO and 0 shares in Shree Marutinandan Tubes IPO.

	IBL Finance IPO	Shree Marutinandan Tubes IPO
Anchor Investor Reserveration
Market Maker Reserveration	3,30,000 shares	50,000 shares
QIB	0 shares	0 shares
NII	31,10,000 shares	4,75,000 shares
RII	31,10,000 shares	4,75,000 shares
Employee	0 shares	0 shares
Others
Total	62,20,000 shares	9,50,000 shares

Bids Received (Subscription)

IBL Finance IPO subscribed 17.00x in total, whereas Shree Marutinandan Tubes IPO subscribed 47.16x.

	IBL Finance IPO	Shree Marutinandan Tubes IPO
QIB (times)
NII (times)	9.94x	32.67x
Big NII (times)
Small NII (times)
RII (times)	24.03x	59.71x
Employee (times)
Other (times)
Total (times)	17.00x	47.16x

Compare with others

IBL Finance IPO	Shree Marutinandan Tubes IPO
Konstelec Engineers IPO	Brisk Technovision IPO
Maxposure IPO	Qualitek Labs IPO
Shree Marutinandan Tubes IPO	Euphoria Infotech India IPO
Australian Premium Solar (India) IPO	Konstelec Engineers IPO
Lawsikho IPO	Maxposure IPO
New Swan Multitech IPO	Australian Premium Solar (India) IPO
Kaushalya Logistics IPO	Lawsikho IPO
Akanksha Power and Infrastructure IPO	IBL Finance IPO
HRH Next Services IPO	New Swan Multitech IPO
MCPL IPO	Kaushalya Logistics IPO

1 Comments

1. Sekar r

| Link|January 10, 2024 5:37:07 PMReply

It looks Jyoti ipo seems to be safe for retail investors