MCON Rasayan IPO vs Vertexplus Technologies IPO

Comparision between MCON Rasayan IPO and Vertexplus Technologies IPO.

IPO Details

MCON Rasayan IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Vertexplus Technologies IPO is a SME Book Built Issue proposed to list at NSE SME.

	MCON Rasayan IPO	Vertexplus Technologies 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	GYR Capital Advisors Private Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Link Intime India Private Ltd	Skyline Financial Services Private Ltd
Market Maker	Econo Broking Private Limited	Prabhat Financial Services Ltd.
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 MCON Rasayan IPO is up to ₹6.84 Cr whereas the issue size of the Vertexplus Technologies IPO is up to ₹14.20 Cr. The final issue price of MCON Rasayan IPO is ₹40.00 per share and of Vertexplus Technologies IPO is ₹96.00 per share.

	MCON Rasayan IPO	Vertexplus Technologies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹91.00 per share
Issue Price (Upper)		₹96.00 per share
Issue Price (Final)	₹40.00 per share	₹96.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1200 shares
Fresh Issue Size	17,10,000 shares	14,79,600 shares
Fresh Issue Size (Amount)	up to ₹6.84 Cr	up to ₹14.20 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	17,10,000 shares	14,79,600 shares
Issue Size Total (Amount)	up to ₹6.84 Cr	up to ₹14.20 Cr

IPO Timetable

MCON Rasayan IPO opens on Mar 06, 2023, while Vertexplus Technologies IPO opens on Mar 02, 2023. The closing date of MCON Rasayan IPO and Vertexplus Technologies IPO is Mar 10, 2023, and Mar 06, 2023, respectively.

	MCON Rasayan IPO	Vertexplus Technologies IPO
Anchor Bid Date		Mar 01, 2023
Issue Open	Mar 06, 2023	Mar 02, 2023
Issue Close	Mar 10, 2023	Mar 06, 2023
Basis Of Allotment (Tentative)	Mar 15, 2023	Mar 10, 2023
Initiation of Refunds (Tentative)	Mar 16, 2023	Mar 13, 2023
Credit of Share (Tentative)	Mar 17, 2023	Mar 14, 2023
Listing date (Tentative)	Mar 20, 2023	Mar 15, 2023
Anchor Lockin End date 1	Apr 14, 2023	Apr 09, 2023
Anchor Lockin End date 2	Jun 13, 2023	Jun 08, 2023

Financials

MCON Rasayan IPO P/E ratio is 14.71, as compared to Vertexplus Technologies IPO P/E ratio of 28.83.

MCON Rasayan IPO

Vertexplus Technologies IPO

Financial

MCON Rasayan India Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	776.02	896.95	3.61	110.72	9.72	321.61
31-Mar-21	831.81	899.78	18.68	178.40	28.40	346.58
31-Mar-22	1,446.31	1,922.36	44.40	221.29	71.29	740.85
30-Sep-22	1,777.53	1,304.67	85.64	456.93	269.43	642.63
Amount in ₹ Lakhs

Vertexplus Technologies Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	989.70	1,963.92	61.23	380.37	379.37	209.55
31-Mar-21	1,103.71	2,025.61	104.98	487.15	486.15	227.40
31-Mar-22	1,308.76	2,132.04	186.05	673.11	273.11	279.15
30-Sep-22	1,599.17	1,091.71	91.26	807.62	407.62	360.61
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

91.45%

100.00%

Promoter Shareholding (Post-Issue)

66.64%

P/E Ratio

14.71

28.83

Market Cap

₹25.22 Cr.

₹52.60 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the MCON Rasayan IPO retail investors (RII) are offered 8,10,000 shares while in Vertexplus Technologies IPO retail investors are offered 8,10,000 shares. Qualified institutional buyers (QIB) are offered in MCON Rasayan IPO and 2,86,800 shares in Vertexplus Technologies IPO.

	MCON Rasayan IPO	Vertexplus Technologies IPO
Anchor Investor Reserveration		4,15,200 shares
Market Maker Reserveration	90,000 shares	74,400 shares
QIB		2,86,800 shares
NII	8,10,000 shares	2,11,200 shares
RII	8,10,000 shares	4,92,000 shares
Employee
Others
Total	16,20,000 shares	14,05,200 shares

Bids Received (Subscription)

MCON Rasayan IPO subscribed 384.64x in total, whereas Vertexplus Technologies IPO subscribed 11.01x.

	MCON Rasayan IPO	Vertexplus Technologies IPO
QIB (times)		1.43x
NII (times)	307.09x	35.15x
Big NII (times)
Small NII (times)
RII (times)	453.41x	15.53x
Employee (times)
Other (times)
Total (times)	384.64x	11.01x

Compare with others

MCON Rasayan IPO	Vertexplus Technologies IPO
Bright Outdoor Media IPO	VELS Film International IPO
Prospect Commodities IPO	Bright Outdoor Media IPO
Quality Foils (India) IPO	Prospect Commodities IPO
Sudarshan Pharma Industries IPO	Quality Foils (India) IPO
Vertexplus Technologies IPO	Sudarshan Pharma Industries IPO
Systango Technologies IPO	MCON Rasayan IPO
Amanaya Ventures IPO	Systango Technologies IPO
ResGen IPO	Amanaya Ventures IPO
Srivasavi Adhesive Tapes IPO	ResGen IPO
SVJ Enterprises IPO	Srivasavi Adhesive Tapes IPO

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