Nirman Agri Genetics IPO vs Prospect Commodities IPO

Comparision between Nirman Agri Genetics IPO and Prospect Commodities IPO.

IPO Details

Nirman Agri Genetics IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Prospect Commodities IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Nirman Agri Genetics IPO	Prospect Commodities IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	First Overseas Capital Limited	Interactive Financial Services Ltd
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Nnm Securities Private Limited	Beeline Broking Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Nirman Agri Genetics IPO is up to ₹20.30 Cr whereas the issue size of the Prospect Commodities IPO is up to ₹7.48 Cr. The final issue price of Nirman Agri Genetics IPO is ₹99.00 per share and of Prospect Commodities IPO is ₹61.00 per share.

	Nirman Agri Genetics IPO	Prospect Commodities IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹99.00 per share	₹61.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	2000 shares
Fresh Issue Size	20,50,800 shares	12,26,000 shares
Fresh Issue Size (Amount)	up to ₹20.30 Cr	up to ₹7.48 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	20,50,800 shares	12,26,000 shares
Issue Size Total (Amount)	up to ₹20.30 Cr	up to ₹7.48 Cr

IPO Timetable

Nirman Agri Genetics IPO opens on Mar 15, 2023, while Prospect Commodities IPO opens on Mar 08, 2023. The closing date of Nirman Agri Genetics IPO and Prospect Commodities IPO is Mar 20, 2023, and Mar 13, 2023, respectively.

	Nirman Agri Genetics IPO	Prospect Commodities IPO
Anchor Bid Date
Issue Open	Mar 15, 2023	Mar 08, 2023
Issue Close	Mar 20, 2023	Mar 13, 2023
Basis Of Allotment (Tentative)	Mar 23, 2023	Mar 16, 2023
Initiation of Refunds (Tentative)	Mar 24, 2023	Mar 17, 2023
Credit of Share (Tentative)	Mar 27, 2023	Mar 20, 2023
Listing date (Tentative)	Mar 28, 2023	Mar 20, 2023
Anchor Lockin End date 1	Apr 22, 2023	Apr 15, 2023
Anchor Lockin End date 2	Jun 21, 2023	Jun 14, 2023

Financials

Nirman Agri Genetics IPO P/E ratio is 14.93, as compared to Prospect Commodities IPO P/E ratio of 31.44.

Nirman Agri Genetics IPO

Prospect Commodities IPO

Financial

Nirman Agri Genetics Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-21	164.06	382.21	5.47	6.47	99.19
31-Mar-22	595.87	1,348.91	256.02	264.41	124.67
31-Oct-22	915.70	1,804.28	230.44	447.51	171.41
Amount in ₹ Lakhs

Prospect Commodities Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-22	1.05	0.00	-0.15	0.85	-0.15	0.05
30-Nov-22	977.07	839.98	52.85	293.70	52.70	363.57
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

88.44%

Promoter Shareholding (Post-Issue)

65.59%

61.94%

P/E Ratio

14.93

31.44

Market Cap

₹59.01 Cr.

₹24.95 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Nirman Agri Genetics IPO retail investors (RII) are offered 9,73,200 shares while in Prospect Commodities IPO retail investors are offered 9,73,200 shares. Qualified institutional buyers (QIB) are offered in Nirman Agri Genetics IPO and in Prospect Commodities IPO.

	Nirman Agri Genetics IPO	Prospect Commodities IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,04,400 shares	62,000 shares
QIB
NII	9,73,200 shares	5,82,000 shares
RII	9,73,200 shares	5,82,000 shares
Employee
Others
Total	19,46,400 shares	11,64,000 shares

Bids Received (Subscription)

Nirman Agri Genetics IPO subscribed 1.71x in total, whereas Prospect Commodities IPO subscribed 5.31x.

	Nirman Agri Genetics IPO	Prospect Commodities IPO
QIB (times)
NII (times)	1.22x	6.85x
Big NII (times)
Small NII (times)
RII (times)	2.20x	3.76x
Employee (times)
Other (times)
Total (times)	1.71x	5.31x

Compare with others

Nirman Agri Genetics IPO	Prospect Commodities IPO
MOS Utility IPO	Dev Labtech Venture IPO
Infinium Pharmachem IPO	Nirman Agri Genetics IPO
Maiden Forgings IPO	Labelkraft Technologies IPO
Command Polymers IPO	VELS Film International IPO
Dev Labtech Venture IPO	Bright Outdoor Media IPO
Labelkraft Technologies IPO	Quality Foils (India) IPO
VELS Film International IPO	Sudarshan Pharma Industries IPO
Bright Outdoor Media IPO	Vertexplus Technologies IPO
Prospect Commodities IPO	MCON Rasayan IPO
Quality Foils (India) IPO	Systango Technologies IPO

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