Macfos IPO vs Patron Exim IPO

Comparision between Macfos IPO and Patron Exim IPO.

IPO Details

Macfos IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Patron Exim IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Macfos IPO	Patron Exim IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Hem Securities Limited	Interactive Financial Services Ltd
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Hem Securities Ltd.	Sunflower Broking 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 Macfos IPO is up to ₹23.74 Cr whereas the issue size of the Patron Exim IPO is up to ₹16.69 Cr. The final issue price of Macfos IPO is ₹102.00 per share and of Patron Exim IPO is ₹27.00 per share.

	Macfos IPO	Patron Exim IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹96.00 per share
Issue Price (Upper)	₹102.00 per share
Issue Price (Final)	₹102.00 per share	₹27.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	4000 shares
Fresh Issue Size		61,80,000 shares
Fresh Issue Size (Amount)		up to ₹16.69 Cr
OFS Issue Size	23,28,000 shares
OFS Issue Size (Amount)	up to ₹23.74 Cr
Issue Size Total	23,28,000 shares	61,80,000 shares
Issue Size Total (Amount)	up to ₹23.74 Cr	up to ₹16.69 Cr

IPO Timetable

Macfos IPO opens on Feb 17, 2023, while Patron Exim IPO opens on Feb 21, 2023. The closing date of Macfos IPO and Patron Exim IPO is Feb 21, 2023, and Feb 24, 2023, respectively.

	Macfos IPO	Patron Exim IPO
Anchor Bid Date	Feb 16, 2023
Issue Open	Feb 17, 2023	Feb 21, 2023
Issue Close	Feb 21, 2023	Feb 24, 2023
Basis Of Allotment (Tentative)	Feb 24, 2023	Mar 01, 2023
Initiation of Refunds (Tentative)	Feb 27, 2023	Mar 02, 2023
Credit of Share (Tentative)	Feb 28, 2023	Mar 03, 2023
Listing date (Tentative)	Mar 01, 2023	Mar 06, 2023
Anchor Lockin End date 1	Mar 26, 2023	Mar 31, 2023
Anchor Lockin End date 2	May 25, 2023	May 30, 2023

Financials

Macfos IPO P/E ratio is 15.22, as compared to Patron Exim IPO P/E ratio of 28.72.

Macfos IPO

Patron Exim IPO

Financial

Macfos Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	624.62	1,622.16	32.97	52.55	51.55	433.12
31-Mar-21	941.75	2,733.76	158.31	310.66	309.64	350.13
31-Mar-22	2,047.20	5,587.07	601.27	911.93	910.91	603.26
30-Sep-22	2,598.74	3,605.40	295.85	1,207.78	1,206.76	938.00
Amount in ₹ Lakhs

Patron Exim Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	1,634.01	2,516.44	2.20	259.43	137.18
31-Mar-21	810.93	2,053.72	7.31	270.43	236.99
31-Mar-22	1,464.57	501.61	83.11	514.46	0.00
30-Nov-22	2,447.61	1,054.12	145.41	1,625.87	617.64
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

97.06%

Promoter Shareholding (Post-Issue)

73.65%

71.18%

P/E Ratio

15.22

28.72

Market Cap

₹90.12 Cr.

₹62.59 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Macfos IPO retail investors (RII) are offered 7,75,200 shares while in Patron Exim IPO retail investors are offered 7,75,200 shares. Qualified institutional buyers (QIB) are offered 11,04,000 shares in Macfos IPO and in Patron Exim IPO.

	Macfos IPO	Patron Exim IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,16,400 shares	3,16,000 shares
QIB	11,04,000 shares
NII	3,32,400 shares	29,32,000 shares
RII	7,75,200 shares	29,32,000 shares
Employee
Others
Total	23,28,000 shares	58,64,000 shares

Bids Received (Subscription)

Macfos IPO subscribed 193.87x in total, whereas Patron Exim IPO subscribed 1.07x.

	Macfos IPO	Patron Exim IPO
QIB (times)	21.60x
NII (times)	659.99x	0.97x
Big NII (times)
Small NII (times)
RII (times)	268.45x	1.17x
Employee (times)
Other (times)
Total (times)	193.87x	1.07x

Compare with others

Macfos IPO	Patron Exim IPO
Amanaya Ventures IPO	SVJ Enterprises IPO
ResGen IPO	Sealmatic India IPO
Srivasavi Adhesive Tapes IPO	Macfos IPO
SVJ Enterprises IPO	ITCONS E-Solutions IPO
Sealmatic India IPO	Viaz Tyres IPO
ITCONS E-Solutions IPO	Lead Reclaim and Rubber Products IPO
Viaz Tyres IPO	Indong Tea Company IPO
Patron Exim IPO	Agarwal Float Glass India IPO
Lead Reclaim and Rubber Products IPO	Shera Energy IPO
Indong Tea Company IPO	Gayatri Rubbers and Chemicals IPO

Comments

Add a public comment...