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DelaPlex IPO vs Megatherm Induction IPO

Comparision between DelaPlex IPO and Megatherm Induction IPO.

IPO Details

DelaPlex IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Megatherm Induction IPO is a SME Book Built Issue proposed to list at NSE SME.

  DelaPlex IPO Megatherm Induction IPO
Logo DelaPlex IPO Logo Megatherm Induction 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 Shreni Shares Limited Hem Securities Limited
Registrar Bigshare Services Pvt Ltd Bigshare Services Pvt Ltd
Market Maker Shreni Shares Limited Hem Finlease 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 DelaPlex IPO is up to ₹46.08 Cr whereas the issue size of the Megatherm Induction IPO is up to ₹53.91 Cr. The final issue price of DelaPlex IPO is ₹192.00 per share and of Megatherm Induction IPO is ₹108.00 per share.

  DelaPlex IPO Megatherm Induction IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹186.00 per share ₹100.00 per share
Issue Price (Upper) ₹192.00 per share ₹108.00 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 49,92,000 shares
Fresh Issue Size (Amount) up to ₹34.56 Cr up to ₹53.91 Cr
OFS Issue Size 6,00,000 shares
OFS Issue Size (Amount) up to ₹11.52 Cr
Issue Size Total 24,00,000 shares 49,92,000 shares
Issue Size Total (Amount) up to ₹46.08 Cr up to ₹53.91 Cr

IPO Timetable

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

  DelaPlex IPO Megatherm Induction IPO
Anchor Bid Date Jan 24, 2024 Jan 25, 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 Megatherm Induction IPO P/E ratio of 10.68.

  DelaPlex IPO Megatherm Induction 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 Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets3,185.452,638.331,790.901,100.77
Revenue2,814.285,521.815,034.063,633.30
Profit After Tax425.53790.72611.87404.00
Net Worth2,775.582,350.051,559.32947.45
Reserves and Surplus2,774.582,349.051,558.32946.45
Amount in ₹ Lakhs

Megatherm Induction Limited Financial Information (Restated)

Megatherm Induction Limited's revenue increased by 41.37% and profit after tax (PAT) rose by 1171.94% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets21,040.2819,197.8717,262.7614,645.06
Revenue14,732.3126,643.8418,846.9210,927.03
Profit After Tax759.341,400.41110.10309.12
Net Worth5,821.985,062.643,662.233,512.13
Reserves and Surplus4,437.114,139.392,738.982,598.88
Total Borrowing4,480.464,282.044,038.804,327.04
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100% 98.92%
Promoter Shareholding (Post-Issue) 73.66% 72.71%
P/E Ratio 17.75 10.68
Market Cap ₹174.91 Cr. ₹203.48 Cr.
ROE 40.45%% 27.66%%
ROCE 56.73%% 27.47%%
Debt/Equity 1.67
EPS ₹10.82 ₹10.11
RoNW 56.73%% 27.66%%

Shares Offered

In the DelaPlex IPO retail investors (RII) are offered 7,97,400 shares while in Megatherm Induction IPO retail investors are offered 7,97,400 shares. Qualified institutional buyers (QIB) are offered 4,55,400 shares in DelaPlex IPO and 9,48,000 shares in Megatherm Induction IPO.

  DelaPlex IPO Megatherm Induction IPO
Anchor Investor Reserveration 6,82,800 shares 14,22,000 shares
Market Maker Reserveration 1,22,400 shares 2,50,800 shares
QIB 4,55,400 shares 9,48,000 shares
NII 3,42,000 shares 7,11,600 shares
RII 7,97,400 shares 16,59,600 shares
Employee 0 shares 0 shares
Others
Total 15,94,800 shares 33,19,200 shares

Bids Received (Subscription)

DelaPlex IPO subscribed 177.80x in total, whereas Megatherm Induction IPO subscribed 196.11x.

  DelaPlex IPO Megatherm Induction IPO
QIB (times) 90.91x 105.14x
NII (times) 335.23x 307.04x
Big NII (times)
Small NII (times)
RII (times) 159.91x 200.51x
Employee (times)
Other (times)
Total (times) 177.80x 196.11x

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