Mayank Cattle Food IPO vs Megatherm Induction IPO

Comparision between Mayank Cattle Food IPO and Megatherm Induction IPO.

IPO Details

Mayank Cattle Food IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Megatherm Induction IPO is a SME Book Built Issue proposed to list at NSE SME.

	Mayank Cattle Food IPO	Megatherm Induction IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Finshore Management Services Limited	Hem Securities Limited
Registrar	Cameo Corporate Services Limited	Bigshare Services Pvt Ltd
Market Maker	Rikhav Securities Limited	Hem Finlease Private Limited
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 Mayank Cattle Food IPO is up to ₹19.44 Cr whereas the issue size of the Megatherm Induction IPO is up to ₹53.91 Cr. The final issue price of Mayank Cattle Food IPO is ₹108.00 per share and of Megatherm Induction IPO is ₹108.00 per share.

	Mayank Cattle Food IPO	Megatherm Induction IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹100.00 per share
Issue Price (Upper)		₹108.00 per share
Issue Price (Final)	₹108.00 per share	₹108.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1200 shares
Fresh Issue Size	18,00,000 shares	49,92,000 shares
Fresh Issue Size (Amount)	up to ₹19.44 Cr	up to ₹53.91 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	18,00,000 shares	49,92,000 shares
Issue Size Total (Amount)	up to ₹19.44 Cr	up to ₹53.91 Cr

IPO Timetable

Mayank Cattle Food IPO opens on Jan 29, 2024, while Megatherm Induction IPO opens on Jan 29, 2024. The closing date of Mayank Cattle Food IPO and Megatherm Induction IPO is Jan 31, 2024, and Jan 31, 2024, respectively.

	Mayank Cattle Food IPO	Megatherm Induction IPO
Anchor Bid Date		Jan 25, 2024
Issue Open	Jan 29, 2024	Jan 29, 2024
Issue Close	Jan 31, 2024	Jan 31, 2024
Basis Of Allotment (Tentative)	Feb 01, 2024	Feb 01, 2024
Initiation of Refunds (Tentative)	Feb 02, 2024	Feb 02, 2024
Credit of Share (Tentative)	Feb 02, 2024	Feb 02, 2024
Listing date (Tentative)	Feb 05, 2024	Feb 05, 2024
Anchor Lockin End date 1	Mar 02, 2024	Mar 02, 2024
Anchor Lockin End date 2	May 01, 2024	May 01, 2024

Financials

Mayank Cattle Food IPO P/E ratio is 29.58, as compared to Megatherm Induction IPO P/E ratio of 10.68.

Mayank Cattle Food IPO

Megatherm Induction IPO

Financial

Mayank Cattle Food Limited Financial Information (Restated)

Mayank Cattle Food Limited's revenue decreased by -4.15% and profit after tax (PAT) rose by 64.45% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Jul 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	5,122.44	4,893.64	4,163.85	3,433.62
Revenue	7,527.15	30,958.14	32,300.17	18,652.89
Profit After Tax	57.37	131.43	79.92	71.81
Net Worth	533.37	475.99	344.56	264.63
Reserves and Surplus	173.37	455.99	324.56	244.63
Total Borrowing	3,788.35	3,961.00	3,163.53	2,531.49
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 Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	21,040.28	19,197.87	17,262.76	14,645.06
Revenue	14,732.31	26,643.84	18,846.92	10,927.03
Profit After Tax	759.34	1,400.41	110.10	309.12
Net Worth	5,821.98	5,062.64	3,662.23	3,512.13
Reserves and Surplus	4,437.11	4,139.39	2,738.98	2,598.88
Total Borrowing	4,480.46	4,282.04	4,038.80	4,327.04
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

97.50%

98.92%

Promoter Shareholding (Post-Issue)

65.00%

72.71%

P/E Ratio

29.58

10.68

Market Cap

₹58.32 Cr.

₹203.48 Cr.

ROE

32%%

27.66%%

ROCE

11.27%%

27.47%%

Debt/Equity

9.13

1.67

EPS

₹3.65

₹10.11

RoNW

27.61%%

27.66%%

Shares Offered

In the Mayank Cattle Food IPO retail investors (RII) are offered 8,54,400 shares while in Megatherm Induction IPO retail investors are offered 8,54,400 shares. Qualified institutional buyers (QIB) are offered 0 shares in Mayank Cattle Food IPO and 9,48,000 shares in Megatherm Induction IPO.

	Mayank Cattle Food IPO	Megatherm Induction IPO
Anchor Investor Reserveration		14,22,000 shares
Market Maker Reserveration	90,000 shares	2,50,800 shares
QIB	0 shares	9,48,000 shares
NII	8,55,600 shares	7,11,600 shares
RII	8,54,400 shares	16,59,600 shares
Employee	0 shares	0 shares
Others
Total	17,10,000 shares	33,19,200 shares

Bids Received (Subscription)

Mayank Cattle Food IPO subscribed 8.83x in total, whereas Megatherm Induction IPO subscribed 196.11x.

	Mayank Cattle Food IPO	Megatherm Induction IPO
QIB (times)		105.14x
NII (times)	5.90x	307.04x
Big NII (times)
Small NII (times)
RII (times)	11.77x	200.51x
Employee (times)
Other (times)
Total (times)	8.83x	196.11x

Compare with others

Mayank Cattle Food IPO	Megatherm Induction IPO
Rudra Gas Enterprise IPO	Italian Edibles IPO
WTI Cabs IPO	Gabriel Pet Straps IPO
Alpex Solar IPO	Mayank Cattle Food IPO
Italian Edibles IPO	Docmode Health Technologies IPO
Gabriel Pet Straps IPO	Harshdeep Hortico IPO
Docmode Health Technologies IPO	DelaPlex IPO
Harshdeep Hortico IPO	Baweja Studios IPO
Megatherm Induction IPO	Fonebook IPO
DelaPlex IPO	Brisk Technovision IPO
Baweja Studios IPO	Qualitek Labs IPO

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