DelaPlex IPO vs Mayank Cattle Food IPO

Comparision between DelaPlex IPO and Mayank Cattle Food IPO.

IPO Details

DelaPlex IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Mayank Cattle Food IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	DelaPlex IPO	Mayank Cattle Food IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Shreni Shares Limited	Finshore Management Services Limited
Registrar	Bigshare Services Pvt Ltd	Cameo Corporate Services Limited
Market Maker	Shreni Shares Limited	Rikhav Securities 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 DelaPlex IPO is up to ₹46.08 Cr whereas the issue size of the Mayank Cattle Food IPO is up to ₹19.44 Cr. The final issue price of DelaPlex IPO is ₹192.00 per share and of Mayank Cattle Food IPO is ₹108.00 per share.

	DelaPlex IPO	Mayank Cattle Food IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹186.00 per share
Issue Price (Upper)	₹192.00 per share
Issue Price (Final)	₹192.00 per share	₹108.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	600 shares	1200 shares
Fresh Issue Size	18,00,000 shares	18,00,000 shares
Fresh Issue Size (Amount)	up to ₹34.56 Cr	up to ₹19.44 Cr
OFS Issue Size	6,00,000 shares
OFS Issue Size (Amount)	up to ₹11.52 Cr
Issue Size Total	24,00,000 shares	18,00,000 shares
Issue Size Total (Amount)	up to ₹46.08 Cr	up to ₹19.44 Cr

IPO Timetable

DelaPlex IPO opens on Jan 25, 2024, while Mayank Cattle Food IPO opens on Jan 29, 2024. The closing date of DelaPlex IPO and Mayank Cattle Food IPO is Jan 30, 2024, and Jan 31, 2024, respectively.

	DelaPlex IPO	Mayank Cattle Food IPO
Anchor Bid Date	Jan 24, 2024
Issue Open	Jan 25, 2024	Jan 29, 2024
Issue Close	Jan 30, 2024	Jan 31, 2024
Basis Of Allotment (Tentative)	Jan 31, 2024	Feb 01, 2024
Initiation of Refunds (Tentative)	Jan 31, 2024	Feb 02, 2024
Credit of Share (Tentative)	Feb 01, 2024	Feb 02, 2024
Listing date (Tentative)	Feb 02, 2024	Feb 05, 2024
Anchor Lockin End date 1	Mar 01, 2024	Mar 02, 2024
Anchor Lockin End date 2	Apr 30, 2024	May 01, 2024

Financials

DelaPlex IPO P/E ratio is 17.75, as compared to Mayank Cattle Food IPO P/E ratio of 29.58.

DelaPlex IPO

Mayank Cattle Food IPO

Financial

DelaPlex Limited Financial Information (Restated)

DelaPlex Limited's revenue increased by 9.69% and profit after tax (PAT) rose by 29.23% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	3,185.45	2,638.33	1,790.90	1,100.77
Revenue	2,814.28	5,521.81	5,034.06	3,633.30
Profit After Tax	425.53	790.72	611.87	404.00
Net Worth	2,775.58	2,350.05	1,559.32	947.45
Reserves and Surplus	2,774.58	2,349.05	1,558.32	946.45
Amount in ₹ Lakhs

Mayank Cattle Food Limited Financial Information (Restated)

Mayank Cattle Food Limited's revenue decreased by -4.15% and profit after tax (PAT) rose by 64.45% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Jul 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	5,122.44	4,893.64	4,163.85	3,433.62
Revenue	7,527.15	30,958.14	32,300.17	18,652.89
Profit After Tax	57.37	131.43	79.92	71.81
Net Worth	533.37	475.99	344.56	264.63
Reserves and Surplus	173.37	455.99	324.56	244.63
Total Borrowing	3,788.35	3,961.00	3,163.53	2,531.49
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

97.50%

Promoter Shareholding (Post-Issue)

73.66%

65.00%

P/E Ratio

17.75

29.58

Market Cap

₹174.91 Cr.

₹58.32 Cr.

ROE

40.45%%

32%%

ROCE

56.73%%

11.27%%

Debt/Equity

9.13

EPS

₹10.82

₹3.65

RoNW

56.73%%

27.61%%

Shares Offered

In the DelaPlex IPO retail investors (RII) are offered 7,97,400 shares while in Mayank Cattle Food IPO retail investors are offered 7,97,400 shares. Qualified institutional buyers (QIB) are offered 4,55,400 shares in DelaPlex IPO and 0 shares in Mayank Cattle Food IPO.

	DelaPlex IPO	Mayank Cattle Food IPO
Anchor Investor Reserveration	6,82,800 shares
Market Maker Reserveration	1,22,400 shares	90,000 shares
QIB	4,55,400 shares	0 shares
NII	3,42,000 shares	8,55,600 shares
RII	7,97,400 shares	8,54,400 shares
Employee	0 shares	0 shares
Others
Total	15,94,800 shares	17,10,000 shares

Bids Received (Subscription)

DelaPlex IPO subscribed 177.80x in total, whereas Mayank Cattle Food IPO subscribed 8.83x.

	DelaPlex IPO	Mayank Cattle Food IPO
QIB (times)	90.91x
NII (times)	335.23x	5.90x
Big NII (times)
Small NII (times)
RII (times)	159.91x	11.77x
Employee (times)
Other (times)
Total (times)	177.80x	8.83x

Compare with others

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Mayank Cattle Food IPO	WTI Cabs IPO
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Megatherm Induction IPO	Gabriel Pet Straps IPO
Baweja Studios IPO	Docmode Health Technologies IPO
Fonebook IPO	Harshdeep Hortico IPO
Brisk Technovision IPO	Megatherm Induction IPO
Qualitek Labs IPO	DelaPlex IPO
Euphoria Infotech India IPO	Baweja Studios IPO

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