Italian Edibles IPO vs Megatherm Induction IPO

Comparision between Italian Edibles IPO and Megatherm Induction IPO.

IPO Details

Italian Edibles IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Megatherm Induction IPO is a SME Book Built Issue proposed to list at NSE SME.

	Italian Edibles IPO	Megatherm Induction 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	First Overseas Capital Limited	Hem Securities Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Nikunj Stock Brokers 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 Italian Edibles IPO is up to ₹26.66 Cr whereas the issue size of the Megatherm Induction IPO is up to ₹53.91 Cr. The final issue price of Italian Edibles IPO is ₹68.00 per share and of Megatherm Induction IPO is ₹108.00 per share.

	Italian Edibles IPO	Megatherm Induction IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹100.00 per share
Issue Price (Upper)		₹108.00 per share
Issue Price (Final)	₹68.00 per share	₹108.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1200 shares
Fresh Issue Size	39,20,000 shares	49,92,000 shares
Fresh Issue Size (Amount)	up to ₹26.66 Cr	up to ₹53.91 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	39,20,000 shares	49,92,000 shares
Issue Size Total (Amount)	up to ₹26.66 Cr	up to ₹53.91 Cr

IPO Timetable

Italian Edibles IPO opens on Feb 02, 2024, while Megatherm Induction IPO opens on Jan 29, 2024. The closing date of Italian Edibles IPO and Megatherm Induction IPO is Feb 07, 2024, and Jan 31, 2024, respectively.

	Italian Edibles IPO	Megatherm Induction IPO
Anchor Bid Date		Jan 25, 2024
Issue Open	Feb 02, 2024	Jan 29, 2024
Issue Close	Feb 07, 2024	Jan 31, 2024
Basis Of Allotment (Tentative)	Feb 08, 2024	Feb 01, 2024
Initiation of Refunds (Tentative)	Feb 09, 2024	Feb 02, 2024
Credit of Share (Tentative)	Feb 09, 2024	Feb 02, 2024
Listing date (Tentative)	Feb 12, 2024	Feb 05, 2024
Anchor Lockin End date 1	Mar 09, 2024	Mar 02, 2024
Anchor Lockin End date 2	May 08, 2024	May 01, 2024

Financials

Italian Edibles IPO P/E ratio is 27.94, as compared to Megatherm Induction IPO P/E ratio of 10.68.

Italian Edibles IPO

Megatherm Induction IPO

Financial

Italian Edibles Limited Financial Information (Restated)

Italian Edibles Limited's revenue decreased by -16.1% and profit after tax (PAT) rose by 229.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Aug 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,824.64	4,155.24	3,905.45	3,946.43
Revenue	3,052.16	6,330.09	7,545.25	4,899.44
Profit After Tax	209.68	264.21	80.21	86.52
Net Worth	1,287.92	1,078.24	814.03	583.82
Reserves and Surplus	202.21	906.82	642.60	433.82
Amount in ₹ Lakhs

Megatherm Induction Limited Financial Information (Restated)

Megatherm Induction Limited's revenue increased by 41.37% and profit after tax (PAT) rose by 1171.94% 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	21,040.28	19,197.87	17,262.76	14,645.06
Revenue	14,732.31	26,643.84	18,846.92	10,927.03
Profit After Tax	759.34	1,400.41	110.10	309.12
Net Worth	5,821.98	5,062.64	3,662.23	3,512.13
Reserves and Surplus	4,437.11	4,139.39	2,738.98	2,598.88
Total Borrowing	4,480.46	4,282.04	4,038.80	4,327.04
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

98.92%

Promoter Shareholding (Post-Issue)

73.47%

72.71%

P/E Ratio

27.94

10.68

Market Cap

₹100.48 Cr.

₹203.48 Cr.

ROE

24.50%%

27.66%%

ROCE

19.32%%

27.47%%

Debt/Equity

1.6

1.67

EPS

₹2.43

₹10.11

RoNW

24.50%%

27.66%%

Shares Offered

In the Italian Edibles IPO retail investors (RII) are offered 18,60,000 shares while in Megatherm Induction IPO retail investors are offered 18,60,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Italian Edibles IPO and 9,48,000 shares in Megatherm Induction IPO.

	Italian Edibles IPO	Megatherm Induction IPO
Anchor Investor Reserveration		14,22,000 shares
Market Maker Reserveration	2,00,000 shares	2,50,800 shares
QIB	0 shares	9,48,000 shares
NII	18,60,000 shares	7,11,600 shares
RII	18,60,000 shares	16,59,600 shares
Employee	0 shares	0 shares
Others
Total	37,20,000 shares	33,19,200 shares

Bids Received (Subscription)

Italian Edibles IPO subscribed 154.43x in total, whereas Megatherm Induction IPO subscribed 196.11x.

	Italian Edibles IPO	Megatherm Induction IPO
QIB (times)		105.14x
NII (times)	177.37x	307.04x
Big NII (times)
Small NII (times)
RII (times)	120.62x	200.51x
Employee (times)
Other (times)
Total (times)	154.43x	196.11x

Compare with others

Italian Edibles IPO	Megatherm Induction IPO
Kalahridhaan Trendz IPO	Italian Edibles IPO
Polysil Irrigation Systems IPO	Gabriel Pet Straps IPO
Rudra Gas Enterprise IPO	Mayank Cattle Food IPO
WTI Cabs IPO	Docmode Health Technologies IPO
Alpex Solar IPO	Harshdeep Hortico IPO
Gabriel Pet Straps IPO	DelaPlex IPO
Mayank Cattle Food IPO	Baweja Studios IPO
Docmode Health Technologies IPO	Fonebook IPO
Harshdeep Hortico IPO	Brisk Technovision IPO
Megatherm Induction IPO	Qualitek Labs IPO

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