Indifra IPO vs MCPL IPO

Comparision between Indifra IPO and MCPL IPO.

IPO Details

Indifra IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while MCPL IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Indifra IPO	MCPL 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	Beeline Capital Advisors Pvt Ltd	Swaraj shares and securities private limited
Registrar	Kfin Technologies Limited	Purva Sharegistry India Pvt Ltd
Market Maker	Spread X Securities Private Limited	Shreni Shares 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 Indifra IPO is up to ₹14.04 Cr whereas the issue size of the MCPL IPO is up to ₹14.47 Cr. The final issue price of Indifra IPO is ₹65.00 per share and of MCPL IPO is ₹62.00 per share.

	Indifra IPO	MCPL IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹65.00 per share	₹62.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	21,60,000 shares	23,34,000 shares
Fresh Issue Size (Amount)	up to ₹14.04 Cr	up to ₹14.47 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	21,60,000 shares	23,34,000 shares
Issue Size Total (Amount)	up to ₹14.04 Cr	up to ₹14.47 Cr

IPO Timetable

Indifra IPO opens on Dec 21, 2023, while MCPL IPO opens on Dec 27, 2023. The closing date of Indifra IPO and MCPL IPO is Dec 26, 2023, and Dec 29, 2023, respectively.

	Indifra IPO	MCPL IPO
Anchor Bid Date
Issue Open	Dec 21, 2023	Dec 27, 2023
Issue Close	Dec 26, 2023	Dec 29, 2023
Basis Of Allotment (Tentative)	Dec 27, 2023	Jan 01, 2024
Initiation of Refunds (Tentative)	Dec 28, 2023	Jan 02, 2024
Credit of Share (Tentative)	Dec 28, 2023	Jan 02, 2024
Listing date (Tentative)	Dec 29, 2023	Jan 03, 2024
Anchor Lockin End date 1	Jan 26, 2024	Jan 31, 2024
Anchor Lockin End date 2	Mar 26, 2024	Mar 31, 2024

Financials

Indifra IPO P/E ratio is 11.23, as compared to MCPL IPO P/E ratio of 0.26.

Indifra IPO

MCPL IPO

Financial

Indifra Limited Financial Information (Restated)

Indifra Limited's revenue decreased by -8.3% and profit after tax (PAT) rose by 148.07% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	630.24	312.46	420.10	229.63
Revenue	64.28	1,001.69	1,092.41	306.54
Profit After Tax	3.54	99.08	39.94	10.51
Net Worth	533.25	169.70	70.62	30.68
Reserves and Surplus	20.25	168.70	69.62	29.68
Total Borrowing		38.26	50.61	45.05
Amount in ₹ Lakhs

Manoj Ceramic Limited Financial Information (Restated)

Manoj Ceramic Limited's revenue increased by 66.54% and profit after tax (PAT) rose by 283.52% 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	8,491.23	7,787.64	5,866.52	6,074.55
Revenue	4,374.54	7,493.48	4,499.62	3,730.84
Profit After Tax	301.75	362.43	94.50	8.24
Net Worth	1,610.05	1,310.05	947.62	853.11
Reserves and Surplus	760.05	910.05	547.62	453.11
Total Borrowing	5,862.72	5,054.97	3,495.83	3,926.16
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

96%

99.55%

Promoter Shareholding (Post-Issue)

67.55%

71.67%

P/E Ratio

11.23

0.26

Market Cap

₹47.39 Cr.

₹51.67 Cr.

ROE

82.45%%

ROCE

86.21%%

Debt/Equity

3.86

EPS

₹5.79

₹241.62

RoNW

82.45%%

27.67%%

Shares Offered

In the Indifra IPO retail investors (RII) are offered 10,26,000 shares while in MCPL IPO retail investors are offered 10,26,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Indifra IPO and 0 shares in MCPL IPO.

	Indifra IPO	MCPL IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,08,000 shares	1,18,000 shares
QIB	0 shares	0 shares
NII	10,26,000 shares	11,08,000 shares
RII	10,26,000 shares	11,08,000 shares
Employee	0 shares	0 shares
Others
Total	20,52,000 shares	22,16,000 shares

Bids Received (Subscription)

Indifra IPO subscribed 7.21x in total, whereas MCPL IPO subscribed 9.00x.

	Indifra IPO	MCPL IPO
QIB (times)
NII (times)	2.34x	7.28x
Big NII (times)
Small NII (times)
RII (times)	12.07x	10.73x
Employee (times)
Other (times)
Total (times)	7.21x	9.00x

Compare with others

Indifra IPO	MCPL IPO
HRH Next Services IPO	IBL Finance IPO
MCPL IPO	New Swan Multitech IPO
Kay Cee Energy & Infra IPO	Kaushalya Logistics IPO
Balaji Valve Components IPO	Akanksha Power and Infrastructure IPO
AIK Pipes And Polymers IPO	HRH Next Services IPO
Sameera Agro IPO	Kay Cee Energy & Infra IPO
Supreme Power Equipment IPO	Balaji Valve Components IPO
Sahara Maritime IPO	AIK Pipes And Polymers IPO
Electro Force India IPO	Indifra IPO
Trident Techlabs IPO	Sameera Agro IPO

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