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Chavda Infra IPO vs Madhusudan Masala IPO

Comparision between Chavda Infra IPO and Madhusudan Masala IPO.

IPO Details

Chavda Infra 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.

  Chavda Infra IPO Madhusudan Masala IPO
Logo Chavda Infra IPO Logo Madhusudan Masala IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built 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 Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Chavda Infra IPO is up to ₹43.26 Cr whereas the issue size of the Madhusudan Masala IPO is up to ₹23.80 Cr. The final issue price of Chavda Infra IPO is ₹65.00 per share and of Madhusudan Masala IPO is ₹70.00 per share.

  Chavda Infra IPO Madhusudan Masala IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹60.00 per share ₹66.00 per share
Issue Price (Upper) ₹65.00 per share ₹70.00 per share
Issue Price (Final) ₹65.00 per share ₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 2000 shares
Fresh Issue Size 66,56,000 shares 34,00,000 shares
Fresh Issue Size (Amount) up to ₹43.26 Cr up to ₹23.80 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 66,56,000 shares 34,00,000 shares
Issue Size Total (Amount) up to ₹43.26 Cr up to ₹23.80 Cr

IPO Timetable

Chavda Infra IPO opens on Sep 12, 2023, while Madhusudan Masala IPO opens on Sep 18, 2023. The closing date of Chavda Infra IPO and Madhusudan Masala IPO is Sep 14, 2023, and Sep 21, 2023, respectively.

  Chavda Infra IPO Madhusudan Masala IPO
Anchor Bid Date Sep 11, 2023 Sep 15, 2023
Issue Open Sep 12, 2023 Sep 18, 2023
Issue Close Sep 14, 2023 Sep 21, 2023
Basis Of Allotment (Tentative) Sep 20, 2023 Sep 26, 2023
Initiation of Refunds (Tentative) Sep 21, 2023 Sep 27, 2023
Credit of Share (Tentative) Sep 22, 2023 Sep 29, 2023
Listing date (Tentative) Sep 25, 2023 Sep 26, 2023
Anchor Lockin End date 1 Oct 20, 2023 Oct 26, 2023
Anchor Lockin End date 2 Dec 19, 2023 Dec 25, 2023

Financials

Chavda Infra IPO P/E ratio is 9.72, as compared to Madhusudan Masala IPO P/E ratio of 10.08.

  Chavda Infra IPO Madhusudan Masala IPO
Financial
Chavda Infra IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets8,668.1110,880.7915,424.40
Revenue9,131.0510,987.6816,203.37
Profit After Tax443.84521.461,204.62
Net Worth1,314.281,835.743,040.36
Reserves and Surplus1,164.281,685.741,240.36
Total Borrowing3,330.324,993.145,328.95
Amount in ₹ Lakhs
Madhusudan Masala IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets2,599.903,514.295,736.52
Revenue6,875.186,651.8112,750.57
Profit After Tax44.9881.29575.89
Net Worth1,094.0931.071,099.10
Reserves and Surplus30.07599.10
Total Borrowing966.402,819.534,217.20
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 100.00%
Promoter Shareholding (Post-Issue) 73% 73.64%
P/E Ratio 9.72 10.08
Market Cap ₹160.26 Cr. ₹90.30 Cr.
ROE 49.41%% 101.91%%
ROCE 43.62%% 20.08%%
Debt/Equity 1.75 3.84
EPS ₹6.69 ₹6.94
RoNW 39.62%% 52.40%%

Shares Offered

In the Chavda Infra IPO retail investors (RII) are offered 22,12,000 shares while in Madhusudan Masala IPO retail investors are offered 22,12,000 shares. Qualified institutional buyers (QIB) are offered 12,64,000 shares in Chavda Infra IPO and 6,46,000 shares in Madhusudan Masala IPO.

  Chavda Infra IPO Madhusudan Masala IPO
Anchor Investor Reserveration 18,96,000 shares 9,66,000 shares
Market Maker Reserveration 3,36,000 shares 1,72,000 shares
QIB 12,64,000 shares 6,46,000 shares
NII 9,48,000 shares 4,86,000 shares
RII 22,12,000 shares 11,30,000 shares
Employee 0 shares 0 shares
Others
Total 44,24,000 shares 22,62,000 shares

Bids Received (Subscription)

Chavda Infra IPO subscribed 180.06x in total, whereas Madhusudan Masala IPO subscribed 444.27x.

  Chavda Infra IPO Madhusudan Masala IPO
QIB (times) 95.10x 86.91x
NII (times) 241.96x 574.08x
Big NII (times)
Small NII (times)
RII (times) 202.07x 592.73x
Employee (times)
Other (times)
Total (times) 180.06x 444.27x

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