Kundan Edifice IPO vs Meson Valves India IPO

Comparision between Kundan Edifice IPO and Meson Valves India IPO.

IPO Details

Kundan Edifice IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Meson Valves India IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Kundan Edifice IPO	Meson Valves India 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	Shreni Shares Limited
Registrar	Cameo Corporate Services Limited	Maashitla Securities Private Limited
Market Maker	Gretex Share Broking 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 Kundan Edifice IPO is up to ₹25.22 Cr whereas the issue size of the Meson Valves India IPO is up to ₹31.09 Cr. The final issue price of Kundan Edifice IPO is ₹91.00 per share and of Meson Valves India IPO is ₹102.00 per share.

	Kundan Edifice IPO	Meson Valves India IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹91.00 per share	₹102.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1200 shares
Fresh Issue Size	27,72,000 shares	30,48,000 shares
Fresh Issue Size (Amount)	up to ₹25.22 Cr	up to ₹31.09 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	27,72,000 shares	30,48,000 shares
Issue Size Total (Amount)	up to ₹25.22 Cr	up to ₹31.09 Cr

IPO Timetable

Kundan Edifice IPO opens on Sep 12, 2023, while Meson Valves India IPO opens on Sep 08, 2023. The closing date of Kundan Edifice IPO and Meson Valves India IPO is Sep 15, 2023, and Sep 12, 2023, respectively.

	Kundan Edifice IPO	Meson Valves India IPO
Anchor Bid Date
Issue Open	Sep 12, 2023	Sep 08, 2023
Issue Close	Sep 15, 2023	Sep 12, 2023
Basis Of Allotment (Tentative)	Sep 21, 2023	Sep 15, 2023
Initiation of Refunds (Tentative)	Sep 22, 2023	Sep 18, 2023
Credit of Share (Tentative)	Sep 25, 2023	Sep 20, 2023
Listing date (Tentative)	Sep 26, 2023	Sep 21, 2023
Anchor Lockin End date 1	Oct 21, 2023	Oct 15, 2023
Anchor Lockin End date 2	Dec 20, 2023	Dec 14, 2023

Financials

Kundan Edifice IPO P/E ratio is 13.3, as compared to Meson Valves India IPO P/E ratio of 15.47.

Kundan Edifice IPO

Meson Valves India IPO

Financial

Kundan Edifice IPO Financial Information (Restated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	846.60	1,185.44	1,928.14	2,965.84
Revenue	649.70	1,522.43	3,250.60	6,046.36
Profit After Tax	4.05	77.22	167.82	513.09
Net Worth	27.68	129.90	297.72	810.81
Reserves and Surplus	-247.32	-170.10	-2.28	60.81
Total Borrowing	636.89	728.65	905.03	1,450.61

Amount in ₹ Lakhs

Meson Valves India IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	2,105.58	2,738.78	4,509.01
Revenue	1,542.35	1,431.57	3,719.30
Profit After Tax	11.81	212.54	452.43
Net Worth	55.17	267.71	1,849.57
Reserves and Surplus	48.17	260.71	1,157.32
Total Borrowing	918.26	923.93	1,124.16

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.00%

46.91%

Promoter Shareholding (Post-Issue)

72.28%

32.83%

P/E Ratio

13.3

15.47

Market Cap

₹93.48 Cr.

₹103.63 Cr.

ROE

63.28%%

ROCE

43.69%%

Debt/Equity

1.79

EPS

₹6.84

₹6.59

RoNW

63.28%%

24.46%%

Shares Offered

In the Kundan Edifice IPO retail investors (RII) are offered 13,15,200 shares while in Meson Valves India IPO retail investors are offered 13,15,200 shares. Qualified institutional buyers (QIB) are offered 0 shares in Kundan Edifice IPO and 0 shares in Meson Valves India IPO.

	Kundan Edifice IPO	Meson Valves India IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,41,600 shares	1,56,000 shares
QIB	0 shares	0 shares
NII	13,15,200 shares	14,46,000 shares
RII	13,15,200 shares	14,46,000 shares
Employee	0 shares	0 shares
Others
Total	26,30,400 shares	28,92,000 shares

Bids Received (Subscription)

Kundan Edifice IPO subscribed 42.27x in total, whereas Meson Valves India IPO subscribed 173.65x.

	Kundan Edifice IPO	Meson Valves India IPO
QIB (times)
NII (times)	35.68x	132.74x
Big NII (times)
Small NII (times)
RII (times)	44.13x	203.02x
Employee (times)
Other (times)
Total (times)	42.27x	173.65x

Compare with others

Kundan Edifice IPO	Meson Valves India IPO
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Cellecor Gadgets IPO	Kundan Edifice IPO
Meson Valves India IPO	Chavda Infra IPO
Chavda Infra IPO	Jiwanram Sheoduttrai Industries IPO
Jiwanram Sheoduttrai Industries IPO	Unihealth Consultancy IPO
Unihealth Consultancy IPO	Kahan Packaging IPO
Kahan Packaging IPO	Pramara Promotions IPO

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