Master Components IPO vs Sunita Tools IPO

Comparision between Master Components IPO and Sunita Tools IPO.

IPO Details

Master Components IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Sunita Tools IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Master Components IPO	Sunita Tools 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	Aryaman Financial Services Limited	Aryaman Financial Services Limited
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
Market Maker	Aryaman Capital Markets Limited	Ss Corporate Securities 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 Master Components IPO is up to ₹15.43 Cr whereas the issue size of the Sunita Tools IPO is up to ₹22.04 Cr. The final issue price of Master Components IPO is ₹140.00 per share and of Sunita Tools IPO is ₹145.00 per share.

	Master Components IPO	Sunita Tools IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹140.00 per share	₹145.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	1000 shares
Fresh Issue Size	7,00,000 shares	13,20,000 shares
Fresh Issue Size (Amount)	up to ₹9.80 Cr	up to ₹19.14 Cr
OFS Issue Size	4,02,000 shares	2,00,000 shares
OFS Issue Size (Amount)	up to ₹5.63 Cr	up to ₹2.90 Cr
Issue Size Total	11,02,000 shares	15,20,000 shares
Issue Size Total (Amount)	up to ₹15.43 Cr	up to ₹22.04 Cr

IPO Timetable

Master Components IPO opens on Sep 18, 2023, while Sunita Tools IPO opens on Sep 26, 2023. The closing date of Master Components IPO and Sunita Tools IPO is Sep 21, 2023, and Oct 03, 2023, respectively.

	Master Components IPO	Sunita Tools IPO
Anchor Bid Date
Issue Open	Sep 18, 2023	Sep 26, 2023
Issue Close	Sep 21, 2023	Oct 03, 2023
Basis Of Allotment (Tentative)	Sep 26, 2023	Oct 04, 2023
Initiation of Refunds (Tentative)	Sep 27, 2023	Oct 05, 2023
Credit of Share (Tentative)	Sep 28, 2023	Oct 06, 2023
Listing date (Tentative)	Sep 29, 2023	Oct 11, 2023
Anchor Lockin End date 1	Oct 26, 2023	Nov 03, 2023
Anchor Lockin End date 2	Dec 25, 2023	Jan 02, 2024

Financials

Master Components IPO P/E ratio is 27.09, as compared to Sunita Tools IPO P/E ratio of 16.88.

Master Components IPO

Sunita Tools IPO

Financial

Master Components IPO Financial Information (Restated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	1,460.93	1,419.09	1,485.24	1,659.17
Revenue	1,535.68	1,327.72	1,842.50	2,090.03
Profit After Tax	132.22	76.14	93.73	170.54
Net Worth	824.90	901.04	994.77	1,165.31
Reserves and Surplus	794.90	871.04	964.77	835.31
Total Borrowing	376.54	216.29	173.33	93.96

Amount in ₹ Lakhs

Sunita Tools IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	1,351.82	1,422.66	2,537.71
Revenue	691.50	888.88	1,417.33
Profit After Tax	26.66	80.99	337.71
Net Worth	-348.02	-267.02	320.69
Reserves and Surplus	-528.52	-447.52	-109.81
Total Borrowing	1,334.63	1,249.16	1,659.96

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

72.41%

72.97%

P/E Ratio

27.09

16.88

Market Cap

₹56.00 Cr.

₹81.56 Cr.

ROE

59.68%%

12.59%

ROCE

59.24%%

0.38%

Debt/Equity

0.08

5.17

EPS

₹5.17

₹13.96

RoNW

14.63%%

105.31%%

Shares Offered

In the Master Components IPO retail investors (RII) are offered 5,23,000 shares while in Sunita Tools IPO retail investors are offered 5,23,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Master Components IPO and 0 shares in Sunita Tools IPO.

	Master Components IPO	Sunita Tools IPO
Anchor Investor Reserveration
Market Maker Reserveration	56,000 shares	78,000 shares
QIB	0 shares	0 shares
NII	5,23,000 shares	7,21,000 shares
RII	5,23,000 shares	7,21,000 shares
Employee	0 shares	0 shares
Others
Total	10,46,000 shares	14,42,000 shares

Bids Received (Subscription)

Master Components IPO subscribed 8.20x in total, whereas Sunita Tools IPO subscribed 13.24x.

	Master Components IPO	Sunita Tools IPO
QIB (times)
NII (times)	5.89x	5.27x
Big NII (times)
Small NII (times)
RII (times)	10.11x	21.10x
Employee (times)
Other (times)
Total (times)	8.20x	13.24x

Compare with others

Master Components IPO	Sunita Tools IPO
Saakshi Medtech and Panels IPO	Newjaisa Technologies IPO
Organic Recycling Systems IPO	Inspire Films IPO
Sunita Tools IPO	Goyal Salt IPO
Marco Cables & Conductors IPO	Saakshi Medtech and Panels IPO
Mangalam Alloys IPO	Organic Recycling Systems IPO
Techknowgreen Solutions IPO	Marco Cables & Conductors IPO
Hi-Green Carbon IPO	Mangalam Alloys IPO
Kody Technolab IPO	Master Components IPO
Holmarc Opto-Mechatronics IPO	Techknowgreen Solutions IPO
Digikore Studios IPO	Hi-Green Carbon IPO

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