Divine Power IPO vs Medicamen Organics IPO

Comparision between Divine Power IPO and Medicamen Organics IPO.

IPO Details

Divine Power IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Medicamen Organics IPO is a SME Book Built Issue proposed to list at NSE SME.

	Divine Power IPO	Medicamen Organics 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	Khambatta Securities Limited	GYR Capital Advisors Private Limited
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
Market Maker	Nikunj Stock Brokers Limited	Giriraj Stock Broking 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 Divine Power IPO is up to ₹22.76 Cr whereas the issue size of the Medicamen Organics IPO is up to ₹10.54 Cr. The final issue price of Divine Power IPO is ₹40.00 per share and of Medicamen Organics IPO is ₹34.00 per share.

	Divine Power IPO	Medicamen Organics IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹36.00 per share	₹32.00 per share
Issue Price (Upper)	₹40.00 per share	₹34.00 per share
Issue Price (Final)	₹40.00 per share	₹34.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	4000 shares
Fresh Issue Size	56,90,000 shares	31,00,000 shares
Fresh Issue Size (Amount)	up to ₹22.76 Cr	up to ₹10.54 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	56,90,000 shares	31,00,000 shares
Issue Size Total (Amount)	up to ₹22.76 Cr	up to ₹10.54 Cr

IPO Timetable

Divine Power IPO opens on Jun 25, 2024, while Medicamen Organics IPO opens on Jun 21, 2024. The closing date of Divine Power IPO and Medicamen Organics IPO is Jun 27, 2024, and Jun 25, 2024, respectively.

	Divine Power IPO	Medicamen Organics IPO
Anchor Bid Date	Jun 24, 2024	Jun 20, 2024
Issue Open	Jun 25, 2024	Jun 21, 2024
Issue Close	Jun 27, 2024	Jun 25, 2024
Basis Of Allotment (Tentative)	Jun 28, 2024	Jun 26, 2024
Initiation of Refunds (Tentative)	Jul 01, 2024	Jun 27, 2024
Credit of Share (Tentative)	Jul 01, 2024	Jun 27, 2024
Listing date (Tentative)	Jul 02, 2024	Jun 28, 2024
Anchor Lockin End date 1	Jul 28, 2024	Jul 26, 2024
Anchor Lockin End date 2	Sep 26, 2024	Sep 24, 2024

Financials

Divine Power IPO P/E ratio is 9.85, as compared to Medicamen Organics IPO P/E ratio of 30.53.

Divine Power IPO

Medicamen Organics IPO

Financial

Divine Power Energy Limited Financial Information (Restated)

Divine Power Energy Limited's revenue increased by 47.65% and profit after tax (PAT) rose by 124.82% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	8,889.24	7,253.31	6,276.46
Revenue	22,272.00	15,084.20	12,290.38
Profit After Tax	640.59	284.94	80.51
Net Worth	2,556.53	1,915.94	1,246.00
Reserves and Surplus	978.62	338.03	1,231.72
Total Borrowing	5,785.44	4,763.84	4,466.34
Amount in ₹ Lakhs

Medicamen Organics Limited Financial Information (Restated)

Medicamen Organics Limited's revenue increased by 10.13% and profit after tax (PAT) rose by 151% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	3,858.07	3,211.98	2,707.21	2,634.37
Revenue	2,528.96	2,296.24	2,118.67	2,505.96
Profit After Tax	240.41	95.78	9.23	29.81
Net Worth	1,518.40	851.71	755.92	746.72
Reserves and Surplus	658.40	251.71	155.92	146.72
Total Borrowing	1,265.65	1,179.50	1,024.57	958.97
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

81.21%

Promoter Shareholding (Post-Issue)

P/E Ratio

9.85

30.53

Market Cap

₹85.88 Cr.

₹39.78 Cr.

ROE

25.06%%

19.90%%

ROCE

16.25%%

14.50%%

Debt/Equity

2.26

0.83

EPS

₹4.06

₹1.11

RoNW

25.06%%

15.83%

Shares Offered

In the Divine Power IPO retail investors (RII) are offered 21,11,978 shares while in Medicamen Organics IPO retail investors are offered 21,11,978 shares. Qualified institutional buyers (QIB) are offered 12,17,110 shares in Divine Power IPO and 5,84,000 shares in Medicamen Organics IPO.

	Divine Power IPO	Medicamen Organics IPO
Anchor Investor Reserveration	16,20,000 shares	8,76,000 shares
Market Maker Reserveration	2,88,000 shares	1,72,000 shares
QIB	12,17,110 shares	5,84,000 shares
NII	9,05,134 shares	4,40,000 shares
RII	21,11,978 shares	10,28,000 shares
Employee	0 shares	0 shares
Others
Total	42,34,222 shares	20,52,000 shares

Bids Received (Subscription)

Divine Power IPO subscribed 393.67x in total, whereas Medicamen Organics IPO subscribed 993.56x.

	Divine Power IPO	Medicamen Organics IPO
QIB (times)	135.84x	173.03x
NII (times)	473.74x	1,343.83x
Big NII (times)
Small NII (times)
RII (times)	507.94x	1,309.77x
Employee (times)
Other (times)
Total (times)	393.67x	993.56x

Compare with others

Divine Power IPO	Medicamen Organics IPO
Visaman Global Sales IPO	Sylvan Plyboard IPO
Mason Infratech IPO	Shivalic Power Control IPO
Petro Carbon and Chemicals IPO	Divine Power IPO
Sylvan Plyboard IPO	The Money Fair IPO
Shivalic Power Control IPO	Winny Immigration IPO
The Money Fair IPO	EnNutrica IPO
Winny Immigration IPO	Falcon Technoprojects India IPO
Medicamen Organics IPO	Durlax Top Surface IPO
EnNutrica IPO	GEM Enviro IPO
Falcon Technoprojects India IPO	GPES Solar IPO

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