Maagh Advertising IPO vs Silicon Rental Solutions IPO

Comparision between Maagh Advertising IPO and Silicon Rental Solutions IPO.

IPO Details

Maagh Advertising IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Silicon Rental Solutions IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Maagh Advertising IPO	Silicon Rental Solutions IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Inventure Merchant Banker Services Pvt Ltd	Hem Securities Limited
Registrar	Satellite Corporate Services Private Limited	Bigshare Services Pvt Ltd
Market Maker
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 Maagh Advertising IPO is up to ₹9.12 Cr whereas the issue size of the Silicon Rental Solutions IPO is up to ₹21.15 Cr. The final issue price of Maagh Advertising IPO is ₹60.00 per share and of Silicon Rental Solutions IPO is ₹78.00 per share.

	Maagh Advertising IPO	Silicon Rental Solutions IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹60.00 per share	₹78.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1600 shares
Fresh Issue Size	15,20,000 shares	27,12,000 shares
Fresh Issue Size (Amount)	up to ₹9.12 Cr	up to ₹21.15 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	15,20,000 shares	27,12,000 shares
Issue Size Total (Amount)	up to ₹9.12 Cr	up to ₹21.15 Cr

IPO Timetable

Maagh Advertising IPO opens on Sep 26, 2022, while Silicon Rental Solutions IPO opens on Sep 28, 2022. The closing date of Maagh Advertising IPO and Silicon Rental Solutions IPO is Oct 04, 2022, and Sep 30, 2022, respectively.

	Maagh Advertising IPO	Silicon Rental Solutions IPO
Anchor Bid Date
Issue Open	Sep 26, 2022	Sep 28, 2022
Issue Close	Oct 04, 2022	Sep 30, 2022
Basis Of Allotment (Tentative)	Oct 10, 2022	Oct 06, 2022
Initiation of Refunds (Tentative)	Oct 11, 2022	Oct 07, 2022
Credit of Share (Tentative)	Oct 12, 2022	Oct 10, 2022
Listing date (Tentative)	Oct 13, 2022	Oct 10, 2022
Anchor Lockin End date 1	Nov 09, 2022	Nov 05, 2022
Anchor Lockin End date 2	Jan 08, 2023	Jan 04, 2023

Financials

Maagh Advertising IPO P/E ratio is 37.5, as compared to Silicon Rental Solutions IPO P/E ratio of 10.73.

Maagh Advertising IPO

Silicon Rental Solutions IPO

Financial

Maagh Advertising And Marketing Services Ltd Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-19	1071.9	2989.6	53.33	234.23	233.23
31-Mar-20	1340.96	5261	82.37	301.46	300.46
31-Mar-21	1154.84	2455.42	75.97	372.8	371.8
31-Mar-22	1270.2	2179.9	55.38	425.38	249.38
Amount in ₹ Lakhs

Silicon Rental Solutions Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Reserves and Surplus
31-Mar-20	1762.25	1227.85	215.5	581.54
31-Mar-21	2236.45	1375.65	270.39	851.93
31-Mar-22	4172.4	2467.91	746.54	1598.47
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.95%

99.79%

Promoter Shareholding (Post-Issue)

53.63%

73.44%

P/E Ratio

37.5

10.73

Market Cap

₹19.68 Cr.

₹80.12 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Maagh Advertising IPO retail investors (RII) are offered 7,22,000 shares while in Silicon Rental Solutions IPO retail investors are offered 7,22,000 shares. Qualified institutional buyers (QIB) are offered in Maagh Advertising IPO and in Silicon Rental Solutions IPO.

	Maagh Advertising IPO	Silicon Rental Solutions IPO
Anchor Investor Reserveration
Market Maker Reserveration	76,000 shares	1,36,000 shares
QIB
NII	7,22,000 shares	12,88,000 shares
RII	7,22,000 shares	12,88,000 shares
Employee
Others
Total	14,44,000 shares	25,76,000 shares

Bids Received (Subscription)

Maagh Advertising IPO subscribed 1.18x in total, whereas Silicon Rental Solutions IPO subscribed 2.89x.

	Maagh Advertising IPO	Silicon Rental Solutions IPO
QIB (times)
NII (times)	2.05x	2.85x
Big NII (times)
Small NII (times)
RII (times)	0.31x	2.92x
Employee (times)
Other (times)
Total (times)	1.18x	2.89x

Compare with others

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Silicon Rental Solutions IPO	Cargotrans Maritime IPO
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