Janus IPO vs Madhav Copper FPO

Comparision between Janus IPO and Madhav Copper FPO.

IPO Details

Janus IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Madhav Copper FPO is a SME Book Built Issue proposed to list at NSE SME.

	Janus IPO	Madhav Copper FPO
Logo
Issue Category	SME	SME
Issue Type	IPO	FPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	First Overseas Capital Limited	Pantomath Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker
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 Janus IPO is up to ₹8.00 Cr whereas the issue size of the Madhav Copper FPO is up to ₹25.50 Cr. The final issue price of Janus IPO is ₹50.00 per share and of Madhav Copper FPO is ₹102.00 per share.

	Janus IPO	Madhav Copper FPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)		₹100.00 per share
Issue Price (Upper)		₹102.00 per share
Issue Price (Final)	₹50.00 per share	₹102.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1200 shares
Fresh Issue Size		24,99,600 shares
Fresh Issue Size (Amount)		up to ₹25.50 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	15,99,000 shares	24,99,600 shares
Issue Size Total (Amount)	up to ₹8.00 Cr	up to ₹25.50 Cr

IPO Timetable

Janus IPO opens on Jan 27, 2020, while Madhav Copper FPO opens on Jan 27, 2020. The closing date of Janus IPO and Madhav Copper FPO is Jan 30, 2020, and Jan 30, 2020, respectively.

	Janus IPO	Madhav Copper FPO
Anchor Bid Date
Issue Open	Jan 27, 2020	Jan 27, 2020
Issue Close	Jan 30, 2020	Jan 30, 2020
Basis Of Allotment (Tentative)	Feb 04, 2020	Feb 04, 2020
Initiation of Refunds (Tentative)	Feb 05, 2020	Feb 05, 2020
Credit of Share (Tentative)	Feb 06, 2020	Feb 06, 2020
Listing date (Tentative)	Feb 06, 2020	Feb 06, 2020
Anchor Lockin End date 1	Mar 05, 2020	Mar 05, 2020
Anchor Lockin End date 2	May 04, 2020	May 04, 2020

Financials

Janus IPO P/E ratio is 57, as compared to Madhav Copper FPO P/E ratio of 53.

Janus IPO

Madhav Copper FPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Lakh)
	31-Aug-19	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	960.49	958.37	858.82	687.08
Total Revenue	1,072.71	1,714.04	2,515.60	1281.98
Profit After Tax	29.19	48.04	22.05	42.94

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Lakhs)
	30-Sept-19	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	4,910.30	4,550.17	2,363.78	2,271.51
Total Revenue	9,434.48	21,305.04	16,910.63	7,162.87
Profit After Tax	260.13	421.42	196.23	86.38

Promoter Shareholding (Pre-Issue)

90.23%

73.04%

Promoter Shareholding (Post-Issue)

65.09%

63.83%

P/E Ratio

Market Cap

₹28.70 Cr.

₹276.86 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Janus IPO retail investors (RII) are offered 7,59,000 shares while in Madhav Copper FPO retail investors are offered 7,59,000 shares. Qualified institutional buyers (QIB) are offered in Janus IPO and in Madhav Copper FPO.

	Janus IPO	Madhav Copper FPO
Anchor Investor Reserveration
Market Maker Reserveration	81,000 shares	1,26,000 shares
QIB
NII	7,59,000 shares	11,86,800 shares
RII	7,59,000 shares	11,86,800 shares
Employee
Others
Total	15,18,000 shares	23,73,600 shares

Bids Received (Subscription)

Janus IPO subscribed 1.26x in total, whereas Madhav Copper FPO subscribed 1.74x.

	Janus IPO	Madhav Copper FPO
QIB (times)
NII (times)	1.03x	1.72x
Big NII (times)
Small NII (times)
RII (times)	1.48x	1.77x
Employee (times)
Other (times)
Total (times)	1.26x	1.74x

Compare with others

Janus IPO	Madhav Copper FPO
SM Auto IPO	RO Jewels IPO
ICL Dairy IPO	SM Auto IPO
CBC Pharma IPO	ICL Dairy IPO
Tranway IPO	CBC Pharma IPO
Madhav Copper FPO	Tranway IPO
HindPrakash IPO	Janus IPO
Gian Lifecare IPO	HindPrakash IPO
Vaxtex Cotfab IPO	Gian Lifecare IPO
Valencia IPO	Vaxtex Cotfab IPO
DC Infotech IPO	Valencia IPO

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