Mufti Menswear IPO vs Suraj Estate Developers IPO

Comparision between Mufti Menswear IPO and Suraj Estate Developers IPO.

IPO Details

Mufti Menswear IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Suraj Estate Developers IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Mufti Menswear IPO	Suraj Estate Developers 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	Iti Capital Ltd Anand Rathi Securities Limited
Registrar	Link Intime India Private Ltd	Link Intime India Private 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 Suraj Estate Developers IPO is up to ₹400.00 Cr. The final issue price of Mufti Menswear IPO is ₹280.00 per share and of Suraj Estate Developers IPO is ₹360.00 per share.

	Mufti Menswear IPO	Suraj Estate Developers IPO
Face Value	₹2 per share	₹5 per share
Issue Price (Lower)	₹266.00 per share	₹340.00 per share
Issue Price (Upper)	₹280.00 per share	₹360.00 per share
Issue Price (Final)	₹280.00 per share	₹360.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	53 shares	41 shares
Fresh Issue Size		1,11,11,111 shares
Fresh Issue Size (Amount)		up to ₹400.00 Cr
OFS Issue Size	1,96,34,960 shares
OFS Issue Size (Amount)	up to ₹549.78 Cr
Issue Size Total	1,96,34,960 shares	1,11,11,111 shares
Issue Size Total (Amount)	up to ₹549.78 Cr	up to ₹400.00 Cr

IPO Timetable

Mufti Menswear IPO opens on Dec 19, 2023, while Suraj Estate Developers IPO opens on Dec 18, 2023. The closing date of Mufti Menswear IPO and Suraj Estate Developers IPO is Dec 21, 2023, and Dec 20, 2023, respectively.

	Mufti Menswear IPO	Suraj Estate Developers IPO
Anchor Bid Date	Dec 18, 2023	Dec 15, 2023
Issue Open	Dec 19, 2023	Dec 18, 2023
Issue Close	Dec 21, 2023	Dec 20, 2023
Basis Of Allotment (Tentative)	Dec 22, 2023	Dec 21, 2023
Initiation of Refunds (Tentative)	Dec 26, 2023	Dec 22, 2023
Credit of Share (Tentative)	Dec 26, 2023	Dec 22, 2023
Listing date (Tentative)	Dec 27, 2023	Dec 26, 2023
Anchor Lockin End date 1	Jan 21, 2024	Jan 20, 2024
Anchor Lockin End date 2	Mar 21, 2024	Mar 20, 2024

Financials

Mufti Menswear IPO P/E ratio is 23.22, as compared to Suraj Estate Developers IPO P/E ratio of 35.64.

Mufti Menswear IPO

Suraj Estate Developers 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

Suraj Estate Developers Limited Financial Information (Restated Consolidated)

Suraj Estate Developers Limited's revenue increased by 12.41% and profit after tax (PAT) rose by 20.98% 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	994.73	942.58	864.00	792.00
Revenue	102.81	307.89	273.91	244.00
Profit After Tax	14.53	32.06	26.50	6.28
Net Worth	86.11	71.39	39.16	29.15
Reserves and Surplus	70.29	55.48	23.32	22.94
Total Borrowing	598.50	593.09	638.16	600.48
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

66.66%

100%

Promoter Shareholding (Post-Issue)

53.66%

74.95%

P/E Ratio

23.22

35.64

Market Cap

₹1800.45 Cr.

₹1597.00 Cr.

ROE

29.98%%

58.18%%

ROCE

28.16%%

21.93%%

Debt/Equity

0.65

8.31

EPS

₹0.54

₹10.10

RoNW

29.98%%

58.18%%

Shares Offered

In the Mufti Menswear IPO retail investors (RII) are offered 68,72,236 shares while in Suraj Estate Developers IPO retail investors are offered 68,72,236 shares. Qualified institutional buyers (QIB) are offered 39,26,992 shares in Mufti Menswear IPO and 22,22,222 shares in Suraj Estate Developers IPO.

	Mufti Menswear IPO	Suraj Estate Developers IPO
Anchor Investor Reserveration	58,90,488 shares	33,33,333 shares
Market Maker Reserveration
QIB	39,26,992 shares	22,22,222 shares
NII	29,45,244 shares	16,66,666 shares
RII	68,72,236 shares	38,88,889 shares
Employee	0 shares	0 shares
Others
Total	1,37,44,472 shares	77,77,777 shares

Bids Received (Subscription)

Mufti Menswear IPO subscribed 51.85x in total, whereas Suraj Estate Developers IPO subscribed 16.57x.

	Mufti Menswear IPO	Suraj Estate Developers IPO
QIB (times)	104.95x	25.74x
NII (times)	55.52x	20.02x
Big NII (times)	55.73x	18.37x
Small NII (times)	55.10x	23.31x
RII (times)	19.94x	9.85x
Employee (times)
Other (times)
Total (times)	51.85x	16.57x

Compare with others

Mufti Menswear IPO	Suraj Estate Developers IPO
Nova AgriTech IPO	Jyoti CNC Automation IPO
Medi Assist Healthcare IPO	Innova Captab IPO
Jyoti CNC Automation IPO	Azad Engineering IPO
Innova Captab IPO	Mufti Menswear IPO
Azad Engineering IPO	Inox CVA IPO
Inox CVA IPO	RBZ Jewellers IPO
Suraj Estate Developers IPO	Motisons Jewellers IPO
RBZ Jewellers IPO	Mukka Proteins IPO
Motisons Jewellers IPO	Happy Forgings IPO
Mukka Proteins IPO	Muthoot Microfin IPO

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