Kody Technolab IPO vs Madhusudan Masala IPO

Comparision between Kody Technolab IPO and Madhusudan Masala IPO.

IPO Details

Kody Technolab IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Madhusudan Masala IPO is a SME Book Built Issue proposed to list at NSE SME.

	Kody Technolab IPO	Madhusudan Masala 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	Beeline Capital Advisors Pvt Ltd	Hem Securities Limited
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
Market Maker	Spread X Securities Private 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 Kody Technolab IPO is up to ₹27.52 Cr whereas the issue size of the Madhusudan Masala IPO is up to ₹23.80 Cr. The final issue price of Kody Technolab IPO is ₹160.00 per share and of Madhusudan Masala IPO is ₹70.00 per share.

	Kody Technolab IPO	Madhusudan Masala IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹66.00 per share
Issue Price (Upper)		₹70.00 per share
Issue Price (Final)	₹160.00 per share	₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	800 shares	2000 shares
Fresh Issue Size	17,20,000 shares	34,00,000 shares
Fresh Issue Size (Amount)	up to ₹27.52 Cr	up to ₹23.80 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	17,20,000 shares	34,00,000 shares
Issue Size Total (Amount)	up to ₹27.52 Cr	up to ₹23.80 Cr

IPO Timetable

Kody Technolab IPO opens on Sep 15, 2023, while Madhusudan Masala IPO opens on Sep 18, 2023. The closing date of Kody Technolab IPO and Madhusudan Masala IPO is Sep 20, 2023, and Sep 21, 2023, respectively.

	Kody Technolab IPO	Madhusudan Masala IPO
Anchor Bid Date		Sep 15, 2023
Issue Open	Sep 15, 2023	Sep 18, 2023
Issue Close	Sep 20, 2023	Sep 21, 2023
Basis Of Allotment (Tentative)	Sep 25, 2023	Sep 26, 2023
Initiation of Refunds (Tentative)	Sep 26, 2023	Sep 27, 2023
Credit of Share (Tentative)	Sep 27, 2023	Sep 29, 2023
Listing date (Tentative)	Sep 27, 2023	Sep 26, 2023
Anchor Lockin End date 1	Oct 25, 2023	Oct 26, 2023
Anchor Lockin End date 2	Dec 24, 2023	Dec 25, 2023

Financials

Kody Technolab IPO P/E ratio is 22.66, as compared to Madhusudan Masala IPO P/E ratio of 10.08.

Kody Technolab IPO

Madhusudan Masala IPO

Financial

Kody Technolab IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	115.14	238.04	1,452.55
Revenue	248.16	384.20	1,109.10
Profit After Tax	-10.80	62.13	318.09
Net Worth	-171.16	-109.03	469.35
Reserves and Surplus	-172.16	-110.03	123.99
Total Borrowing	150.39	161.47	746.79

Amount in ₹ Lakhs

Madhusudan Masala IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	2,599.90	3,514.29	5,736.52
Revenue	6,875.18	6,651.81	12,750.57
Profit After Tax	44.98	81.29	575.89
Net Worth	1,094.09	31.07	1,099.10
Reserves and Surplus		30.07	599.10
Total Borrowing	966.40	2,819.53	4,217.20

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

73.01%

73.64%

P/E Ratio

22.66

10.08

Market Cap

₹101.98 Cr.

₹90.30 Cr.

ROE

176.59%%

101.91%%

ROCE

97.37%%

20.08%%

Debt/Equity

1.59

3.84

EPS

₹7.06

₹6.94

RoNW

67.77%%

52.40%%

Shares Offered

In the Kody Technolab IPO retail investors (RII) are offered 8,16,800 shares while in Madhusudan Masala IPO retail investors are offered 8,16,800 shares. Qualified institutional buyers (QIB) are offered 0 shares in Kody Technolab IPO and 6,46,000 shares in Madhusudan Masala IPO.

	Kody Technolab IPO	Madhusudan Masala IPO
Anchor Investor Reserveration		9,66,000 shares
Market Maker Reserveration	86,400 shares	1,72,000 shares
QIB	0 shares	6,46,000 shares
NII	8,16,800 shares	4,86,000 shares
RII	8,16,800 shares	11,30,000 shares
Employee	0 shares	0 shares
Others
Total	16,33,600 shares	22,62,000 shares

Bids Received (Subscription)

Kody Technolab IPO subscribed 51.55x in total, whereas Madhusudan Masala IPO subscribed 444.27x.

	Kody Technolab IPO	Madhusudan Masala IPO
QIB (times)		86.91x
NII (times)	41.17x	574.08x
Big NII (times)
Small NII (times)
RII (times)	53.56x	592.73x
Employee (times)
Other (times)
Total (times)	51.55x	444.27x

Compare with others

Kody Technolab IPO	Madhusudan Masala IPO
Marco Cables & Conductors IPO	Techknowgreen Solutions IPO
Mangalam Alloys IPO	Hi-Green Carbon IPO
Master Components IPO	Kody Technolab IPO
Techknowgreen Solutions IPO	Holmarc Opto-Mechatronics IPO
Hi-Green Carbon IPO	Digikore Studios IPO
Holmarc Opto-Mechatronics IPO	Cellecor Gadgets IPO
Digikore Studios IPO	Kundan Edifice IPO
Madhusudan Masala IPO	Meson Valves India IPO
Cellecor Gadgets IPO	Chavda Infra IPO
Kundan Edifice IPO	Jiwanram Sheoduttrai Industries IPO

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