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Meera Industries FPO vs White Organic IPO

Comparision between Meera Industries FPO and White Organic IPO.

IPO Details

Meera Industries FPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while White Organic IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  Meera Industries FPO White Organic IPO
Logo Meera Industries FPO Logo White Organic IPO Logo
Issue Category SME SME
Issue Type FPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At BSE SME BSE SME
Lead Managers Aryaman Financial Services Limited Finshore Management Services Limited
Registrar Kfin Technologies Limited Link Intime India Private Ltd
Market Maker
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 Meera Industries FPO is up to ₹11.75 Cr whereas the issue size of the White Organic IPO is up to ₹15.46 Cr. The final issue price of Meera Industries FPO is ₹225.00 per share and of White Organic IPO is ₹63.00 per share.

  Meera Industries FPO White Organic IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹225.00 per share ₹63.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 500 shares 2000 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 5,22,000 shares 24,54,000 shares
Issue Size Total (Amount) up to ₹11.75 Cr up to ₹15.46 Cr

IPO Timetable

Meera Industries FPO opens on Jun 13, 2019, while White Organic IPO opens on Apr 26, 2019. The closing date of Meera Industries FPO and White Organic IPO is Jun 18, 2019, and May 02, 2019, respectively.

  Meera Industries FPO White Organic IPO
Anchor Bid Date
Issue Open Jun 13, 2019 Apr 26, 2019
Issue Close Jun 18, 2019 May 02, 2019
Basis Of Allotment (Tentative) Jun 21, 2019 May 07, 2019
Initiation of Refunds (Tentative) Jun 24, 2019 May 08, 2019
Credit of Share (Tentative) Jun 25, 2019 May 09, 2019
Listing date (Tentative) Jun 26, 2019 May 10, 2019
Anchor Lockin End date 1 Jul 21, 2019 Jun 06, 2019
Anchor Lockin End date 2 Sep 19, 2019 Aug 05, 2019

Financials

Meera Industries FPO P/E ratio is , as compared to White Organic IPO P/E ratio of .

  Meera Industries FPO White Organic IPO
Financial
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Dec-19 31-Mar-18
Total Assets 2,166.42 1,468.14
Total Revenue 3,558.41 2,149.66
Profit After Tax 494.55 240.80
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Dec-18 31-Mar-18 31-Mar-17 31-Mar-16
Total Assets 6,022.65 5,017.40 1,447.81 1,276.55
Total Revenue 11,549.52 8,292.76 142.62 -
Profit After Tax 450.78 302.45 58.68 23.90
Promoter Shareholding (Pre-Issue) 100%
Promoter Shareholding (Post-Issue) 55.01%
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Meera Industries FPO retail investors (RII) are offered 2,46,000 shares while in White Organic IPO retail investors are offered 2,46,000 shares. Qualified institutional buyers (QIB) are offered in Meera Industries FPO and in White Organic IPO.

  Meera Industries FPO White Organic IPO
Anchor Investor Reserveration
Market Maker Reserveration 30,000 shares 1,24,000 shares
QIB
NII 2,46,000 shares 11,65,000 shares
RII 2,46,000 shares 11,65,000 shares
Employee
Others
Total 4,92,000 shares 23,30,000 shares

Bids Received (Subscription)

Meera Industries FPO subscribed 1.16x in total, whereas White Organic IPO subscribed 1.36x.

  Meera Industries FPO White Organic IPO
QIB (times)
NII (times) 1.99x 2.02x
Big NII (times)
Small NII (times)
RII (times) 0.33x 0.70x
Employee (times)
Other (times)
Total (times) 1.16x 1.36x

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