ITCONS E-Solutions IPO vs Macfos IPO

Comparision between ITCONS E-Solutions IPO and Macfos IPO.

IPO Details

ITCONS E-Solutions IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Macfos IPO is a SME Book Built Issue proposed to list at BSE SME.

	ITCONS E-Solutions IPO	Macfos IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	BSE SME
Lead Managers	Finshore Management Services Limited	Hem Securities Limited
Registrar	Cameo Corporate Services Limited	Bigshare Services Pvt Ltd
Market Maker	Nikunj Stock Brokers Limited	Hem Securities Ltd.
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 ITCONS E-Solutions IPO is up to ₹8.67 Cr whereas the issue size of the Macfos IPO is up to ₹23.74 Cr. The final issue price of ITCONS E-Solutions IPO is ₹51.00 per share and of Macfos IPO is ₹102.00 per share.

	ITCONS E-Solutions IPO	Macfos IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹96.00 per share
Issue Price (Upper)		₹102.00 per share
Issue Price (Final)	₹51.00 per share	₹102.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1200 shares
Fresh Issue Size	17,00,000 shares
Fresh Issue Size (Amount)	up to ₹8.67 Cr
OFS Issue Size		23,28,000 shares
OFS Issue Size (Amount)		up to ₹23.74 Cr
Issue Size Total	17,00,000 shares	23,28,000 shares
Issue Size Total (Amount)	up to ₹8.67 Cr	up to ₹23.74 Cr

IPO Timetable

ITCONS E-Solutions IPO opens on Feb 28, 2023, while Macfos IPO opens on Feb 17, 2023. The closing date of ITCONS E-Solutions IPO and Macfos IPO is Mar 02, 2023, and Feb 21, 2023, respectively.

	ITCONS E-Solutions IPO	Macfos IPO
Anchor Bid Date		Feb 16, 2023
Issue Open	Feb 28, 2023	Feb 17, 2023
Issue Close	Mar 02, 2023	Feb 21, 2023
Basis Of Allotment (Tentative)	Mar 08, 2023	Feb 24, 2023
Initiation of Refunds (Tentative)	Mar 09, 2023	Feb 27, 2023
Credit of Share (Tentative)	Mar 10, 2023	Feb 28, 2023
Listing date (Tentative)	Mar 13, 2023	Mar 01, 2023
Anchor Lockin End date 1	Apr 07, 2023	Mar 26, 2023
Anchor Lockin End date 2	Jun 06, 2023	May 25, 2023

Financials

ITCONS E-Solutions IPO P/E ratio is 12.09, as compared to Macfos IPO P/E ratio of 15.22.

ITCONS E-Solutions IPO

Macfos IPO

Financial

ITCONS E-Solutions Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	351.17	834.95	10.57	96.78	95.64	145.06
31-Mar-21	341.21	842.48	7.53	104.31	103.17	136.33
31-Mar-22	470.71	1,820.36	119.11	223.42	222.28	106.23
30-Sep-22	792.37	1,605.05	106.12	462.23	129.36	176.70
Amount in ₹ Lakhs

Macfos Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	624.62	1,622.16	32.97	52.55	51.55	433.12
31-Mar-21	941.75	2,733.76	158.31	310.66	309.64	350.13
31-Mar-22	2,047.20	5,587.07	601.27	911.93	910.91	603.26
30-Sep-22	2,598.74	3,605.40	295.85	1,207.78	1,206.76	938.00
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

89.67%

100%

Promoter Shareholding (Post-Issue)

59.36%

73.65%

P/E Ratio

12.09

15.22

Market Cap

₹25.65 Cr.

₹90.12 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the ITCONS E-Solutions IPO retail investors (RII) are offered 8,08,000 shares while in Macfos IPO retail investors are offered 8,08,000 shares. Qualified institutional buyers (QIB) are offered in ITCONS E-Solutions IPO and 11,04,000 shares in Macfos IPO.

	ITCONS E-Solutions IPO	Macfos IPO
Anchor Investor Reserveration
Market Maker Reserveration	86,000 shares	1,16,400 shares
QIB		11,04,000 shares
NII	8,06,000 shares	3,32,400 shares
RII	8,08,000 shares	7,75,200 shares
Employee
Others
Total	16,14,000 shares	23,28,000 shares

Bids Received (Subscription)

ITCONS E-Solutions IPO subscribed 16.79x in total, whereas Macfos IPO subscribed 193.87x.

	ITCONS E-Solutions IPO	Macfos IPO
QIB (times)		21.60x
NII (times)	16.12x	659.99x
Big NII (times)
Small NII (times)
RII (times)	17.45x	268.45x
Employee (times)
Other (times)
Total (times)	16.79x	193.87x

Compare with others

ITCONS E-Solutions IPO	Macfos IPO
ResGen IPO	Amanaya Ventures IPO
Srivasavi Adhesive Tapes IPO	ResGen IPO
SVJ Enterprises IPO	Srivasavi Adhesive Tapes IPO
Sealmatic India IPO	SVJ Enterprises IPO
Macfos IPO	Sealmatic India IPO
Viaz Tyres IPO	ITCONS E-Solutions IPO
Patron Exim IPO	Viaz Tyres IPO
Lead Reclaim and Rubber Products IPO	Patron Exim IPO
Indong Tea Company IPO	Lead Reclaim and Rubber Products IPO
Agarwal Float Glass India IPO	Indong Tea Company IPO

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