Medicamen Organics IPO vs Winny Immigration IPO

Comparision between Medicamen Organics IPO and Winny Immigration IPO.

IPO Details

Medicamen Organics IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Winny Immigration IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Medicamen Organics IPO	Winny Immigration IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	GYR Capital Advisors Private Limited	Interactive Financial Services Ltd
Registrar	Kfin Technologies Limited	Bigshare Services Pvt Ltd
Market Maker	Giriraj Stock Broking Private Limited	Aftertrade Broking Pvt Ltd
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Medicamen Organics IPO is up to ₹10.54 Cr whereas the issue size of the Winny Immigration IPO is up to ₹9.13 Cr. The final issue price of Medicamen Organics IPO is ₹34.00 per share and of Winny Immigration IPO is ₹140.00 per share.

	Medicamen Organics IPO	Winny Immigration IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹32.00 per share
Issue Price (Upper)	₹34.00 per share
Issue Price (Final)	₹34.00 per share	₹140.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	1000 shares
Fresh Issue Size	31,00,000 shares	6,52,000 shares
Fresh Issue Size (Amount)	up to ₹10.54 Cr	up to ₹9.13 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	31,00,000 shares	6,52,000 shares
Issue Size Total (Amount)	up to ₹10.54 Cr	up to ₹9.13 Cr

IPO Timetable

Medicamen Organics IPO opens on Jun 21, 2024, while Winny Immigration IPO opens on Jun 20, 2024. The closing date of Medicamen Organics IPO and Winny Immigration IPO is Jun 25, 2024, and Jun 24, 2024, respectively.

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

Financials

Medicamen Organics IPO P/E ratio is 30.53, as compared to Winny Immigration IPO P/E ratio of 54.12.

Medicamen Organics IPO

Winny Immigration IPO

Financial

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

Winny Immigration and Education Services Ltd Financial Information (Restated)

Winny Immigration and Education Services Ltd's revenue decreased by -8% and profit after tax (PAT) dropped by -72.86% 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	542.84	541.93	276.26
Revenue	1,102.12	1,197.91	1,004.07
Profit After Tax	39.27	144.71	127.63
Net Worth	230.72	191.46	46.75
Reserves and Surplus	78.92	188.16	43.45
Total Borrowing	206.84	232.02	127.91
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

81.21%

83.63%

Promoter Shareholding (Post-Issue)

58.51%

P/E Ratio

30.53

54.12

Market Cap

₹39.78 Cr.

₹30.38 Cr.

ROE

19.90%%

18.60%%

ROCE

14.50%%

15.74%%

Debt/Equity

0.83

0.9

EPS

₹1.11

₹2.59

RoNW

15.83%

17.02%%

Shares Offered

In the Medicamen Organics IPO retail investors (RII) are offered 10,28,000 shares while in Winny Immigration IPO retail investors are offered 10,28,000 shares. Qualified institutional buyers (QIB) are offered 5,84,000 shares in Medicamen Organics IPO and 0 shares in Winny Immigration IPO.

	Medicamen Organics IPO	Winny Immigration IPO
Anchor Investor Reserveration	8,76,000 shares
Market Maker Reserveration	1,72,000 shares	34,000 shares
QIB	5,84,000 shares	0 shares
NII	4,40,000 shares	3,09,000 shares
RII	10,28,000 shares	3,09,000 shares
Employee	0 shares	0 shares
Others
Total	20,52,000 shares	6,18,000 shares

Bids Received (Subscription)

Medicamen Organics IPO subscribed 993.56x in total, whereas Winny Immigration IPO subscribed 154.67x.

	Medicamen Organics IPO	Winny Immigration IPO
QIB (times)	173.03x
NII (times)	1,343.83x	109.65x
Big NII (times)
Small NII (times)
RII (times)	1,309.77x	190.66x
Employee (times)
Other (times)
Total (times)	993.56x	154.67x

Compare with others

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

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