Mufti Menswear IPO vs Nova AgriTech IPO

Comparision between Mufti Menswear IPO and Nova AgriTech IPO.

IPO Details

Mufti Menswear IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Nova AgriTech IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Mufti Menswear IPO	Nova AgriTech IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) ICICI Securities Limited Keynote Financial Services Ltd	Keynote Financial Services Ltd Bajaj Capital Limited
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt Ltd
Market Maker
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 Mufti Menswear IPO is up to ₹549.78 Cr whereas the issue size of the Nova AgriTech IPO is up to ₹143.81 Cr. The final issue price of Mufti Menswear IPO is ₹280.00 per share and of Nova AgriTech IPO is ₹41.00 per share.

	Mufti Menswear IPO	Nova AgriTech IPO
Face Value	₹2 per share	₹2 per share
Issue Price (Lower)	₹266.00 per share	₹39.00 per share
Issue Price (Upper)	₹280.00 per share	₹41.00 per share
Issue Price (Final)	₹280.00 per share	₹41.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	53 shares	365 shares
Fresh Issue Size		2,73,17,073 shares
Fresh Issue Size (Amount)		up to ₹112.00 Cr
OFS Issue Size	1,96,34,960 shares	77,58,620 shares
OFS Issue Size (Amount)	up to ₹549.78 Cr	up to ₹31.81 Cr
Issue Size Total	1,96,34,960 shares	3,50,75,693 shares
Issue Size Total (Amount)	up to ₹549.78 Cr	up to ₹143.81 Cr

IPO Timetable

Mufti Menswear IPO opens on Dec 19, 2023, while Nova AgriTech IPO opens on Jan 23, 2024. The closing date of Mufti Menswear IPO and Nova AgriTech IPO is Dec 21, 2023, and Jan 25, 2024, respectively.

	Mufti Menswear IPO	Nova AgriTech IPO
Anchor Bid Date	Dec 18, 2023	Jan 19, 2024
Issue Open	Dec 19, 2023	Jan 23, 2024
Issue Close	Dec 21, 2023	Jan 25, 2024
Basis Of Allotment (Tentative)	Dec 22, 2023	Jan 29, 2024
Initiation of Refunds (Tentative)	Dec 26, 2023	Jan 30, 2024
Credit of Share (Tentative)	Dec 26, 2023	Jan 30, 2024
Listing date (Tentative)	Dec 27, 2023	Jan 31, 2024
Anchor Lockin End date 1	Jan 21, 2024	Feb 28, 2024
Anchor Lockin End date 2	Mar 21, 2024	Apr 28, 2024

Financials

Mufti Menswear IPO P/E ratio is 23.22, as compared to Nova AgriTech IPO P/E ratio of 13.05.

Mufti Menswear IPO

Nova AgriTech IPO

Financial

Credo Brands Marketing Limited Financial Information (Restated Consolidated)

Credo Brands Marketing Limited's revenue increased by 43.54% and profit after tax (PAT) rose by 116.88% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	592.38	574.48	476.05	416.99
Revenue	119.43	509.32	354.84	261.15
Profit After Tax	8.58	77.51	35.74	3.44
Net Worth	289.88	281.35	235.73	192.33
Reserves and Surplus
Total Borrowing	11.30	10.08	13.46	15.23
Amount in ₹ Crore

Nova AgriTech Limited Financial Information (Restated Consolidated)

Period Ended	30 Sep 2023	31 Mar 2023	22 Mar 2022	31 Mar 2021
Assets	196.37	180.78	160.30	147.44
Revenue	103.24	210.93	185.61	160.93
Profit After Tax	10.38	20.49	13.69	6.30
Net Worth	74.23	63.88	43.19	29.43
Reserves and Surplus	60.97	50.59	30.10	16.41
Total Borrowing	68.50	70.96	64.27	51.10
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

66.66%

84.27%

Promoter Shareholding (Post-Issue)

53.66%

59.39%

P/E Ratio

23.22

13.05

Market Cap

₹1800.45 Cr.

₹379.33 Cr.

ROE

29.98%%

38.27%%

ROCE

28.16%%

27.25%%

Debt/Equity

0.65

1.11

EPS

₹0.54

₹3.14

RoNW

29.98%%

32.08%%

Shares Offered

In the Mufti Menswear IPO retail investors (RII) are offered 68,72,236 shares while in Nova AgriTech IPO retail investors are offered 68,72,236 shares. Qualified institutional buyers (QIB) are offered 39,26,992 shares in Mufti Menswear IPO and 70,15,139 shares in Nova AgriTech IPO.

	Mufti Menswear IPO	Nova AgriTech IPO
Anchor Investor Reserveration	58,90,488 shares	1,05,22,220 shares
Market Maker Reserveration
QIB	39,26,992 shares	70,15,139 shares
NII	29,45,244 shares	52,61,354 shares
RII	68,72,236 shares	1,22,76,492 shares
Employee	0 shares	0 shares
Others
Total	1,37,44,472 shares	2,45,52,985 shares

Bids Received (Subscription)

Mufti Menswear IPO subscribed 51.85x in total, whereas Nova AgriTech IPO subscribed 113.21x.

	Mufti Menswear IPO	Nova AgriTech IPO
QIB (times)	104.95x	81.13x
NII (times)	55.52x	233.03x
Big NII (times)	55.73x	231.40x
Small NII (times)	55.10x	236.27x
RII (times)	19.94x	80.20x
Employee (times)
Other (times)
Total (times)	51.85x	113.21x

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