Holmarc Opto-Mechatronics IPO vs Madhusudan Masala IPO

Comparision between Holmarc Opto-Mechatronics IPO and Madhusudan Masala IPO.

IPO Details

Holmarc Opto-Mechatronics 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.

	Holmarc Opto-Mechatronics 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	Finshore Management Services Limited	Hem Securities Limited
Registrar	Cameo Corporate Services Limited	Kfin Technologies Limited
Market Maker	Nikunj Stock Brokers 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 Holmarc Opto-Mechatronics IPO is up to ₹11.40 Cr whereas the issue size of the Madhusudan Masala IPO is up to ₹23.80 Cr. The final issue price of Holmarc Opto-Mechatronics IPO is ₹40.00 per share and of Madhusudan Masala IPO is ₹70.00 per share.

	Holmarc Opto-Mechatronics 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)	₹40.00 per share	₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	2000 shares
Fresh Issue Size	28,50,000 shares	34,00,000 shares
Fresh Issue Size (Amount)	up to ₹11.40 Cr	up to ₹23.80 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	28,50,000 shares	34,00,000 shares
Issue Size Total (Amount)	up to ₹11.40 Cr	up to ₹23.80 Cr

IPO Timetable

Holmarc Opto-Mechatronics IPO opens on Sep 15, 2023, while Madhusudan Masala IPO opens on Sep 18, 2023. The closing date of Holmarc Opto-Mechatronics IPO and Madhusudan Masala IPO is Sep 20, 2023, and Sep 21, 2023, respectively.

	Holmarc Opto-Mechatronics 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 25, 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

Holmarc Opto-Mechatronics IPO P/E ratio is 8.08, as compared to Madhusudan Masala IPO P/E ratio of 10.08.

Holmarc Opto-Mechatronics IPO

Madhusudan Masala IPO

Financial

Holmarc Opto-Mechatronics IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	1,247.18	1,467.32	1,658.86
Revenue	1,573.34	2,117.84	2,918.44
Profit After Tax	68.80	155.19	356.14
Net Worth	688.60	823.80	1,159.93
Reserves and Surplus	668.60	803.80	439.93
Total Borrowing	166.26	206.37	133.69

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)

87.30%

100.00%

Promoter Shareholding (Post-Issue)

62.54%

73.64%

P/E Ratio

8.08

10.08

Market Cap

₹40.20 Cr.

₹90.30 Cr.

ROE

0.36%%

101.91%%

ROCE

33%%

20.08%%

Debt/Equity

0.12

3.84

EPS

₹4.95

₹6.94

RoNW

30.70%%

52.40%%

Shares Offered

In the Holmarc Opto-Mechatronics IPO retail investors (RII) are offered 13,53,000 shares while in Madhusudan Masala IPO retail investors are offered 13,53,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Holmarc Opto-Mechatronics IPO and 6,46,000 shares in Madhusudan Masala IPO.

	Holmarc Opto-Mechatronics IPO	Madhusudan Masala IPO
Anchor Investor Reserveration		9,66,000 shares
Market Maker Reserveration	1,44,000 shares	1,72,000 shares
QIB	0 shares	6,46,000 shares
NII	13,53,000 shares	4,86,000 shares
RII	13,53,000 shares	11,30,000 shares
Employee	0 shares	0 shares
Others
Total	27,06,000 shares	22,62,000 shares

Bids Received (Subscription)

Holmarc Opto-Mechatronics IPO subscribed 85.81x in total, whereas Madhusudan Masala IPO subscribed 444.27x.

	Holmarc Opto-Mechatronics IPO	Madhusudan Masala IPO
QIB (times)		86.91x
NII (times)	93.27x	574.08x
Big NII (times)
Small NII (times)
RII (times)	75.78x	592.73x
Employee (times)
Other (times)
Total (times)	85.81x	444.27x

Compare with others

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

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