Modis Navnirman IPO vs SKP Bearing Industries IPO

Comparision between Modis Navnirman IPO and SKP Bearing Industries IPO.

IPO Details

Modis Navnirman IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while SKP Bearing Industries IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Modis Navnirman IPO	SKP Bearing Industries IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Aryaman Financial Services Limited	Shreni Shares Limited
Registrar	Bigshare Services Pvt Ltd	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 Modis Navnirman IPO is up to ₹22.68 Cr whereas the issue size of the SKP Bearing Industries IPO is up to ₹30.80 Cr. The final issue price of Modis Navnirman IPO is ₹180.00 per share and of SKP Bearing Industries IPO is ₹70.00 per share.

	Modis Navnirman IPO	SKP Bearing Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹180.00 per share	₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	800 shares	2000 shares
Fresh Issue Size	12,60,000 shares	16,00,000 shares
Fresh Issue Size (Amount)	up to ₹22.68 Cr	up to ₹11.20 Cr
OFS Issue Size		28,00,000 shares
OFS Issue Size (Amount)		up to ₹19.60 Cr
Issue Size Total	12,60,000 shares	44,00,000 shares
Issue Size Total (Amount)	up to ₹22.68 Cr	up to ₹30.80 Cr

IPO Timetable

Modis Navnirman IPO opens on Jun 23, 2022, while SKP Bearing Industries IPO opens on Jun 30, 2022. The closing date of Modis Navnirman IPO and SKP Bearing Industries IPO is Jun 28, 2022, and Jul 05, 2022, respectively.

	Modis Navnirman IPO	SKP Bearing Industries IPO
Anchor Bid Date
Issue Open	Jun 23, 2022	Jun 30, 2022
Issue Close	Jun 28, 2022	Jul 05, 2022
Basis Of Allotment (Tentative)	Jul 01, 2022	Jul 08, 2022
Initiation of Refunds (Tentative)	Jul 04, 2022	Jul 11, 2022
Credit of Share (Tentative)	Jul 05, 2022	Jul 12, 2022
Listing date (Tentative)	Jul 06, 2022	Jul 13, 2022
Anchor Lockin End date 1	Jul 31, 2022	Aug 07, 2022
Anchor Lockin End date 2	Sep 29, 2022	Oct 06, 2022

Financials

Modis Navnirman IPO P/E ratio is 57.32, as compared to SKP Bearing Industries IPO P/E ratio of 9.49.

Modis Navnirman IPO

SKP Bearing Industries IPO

Financial

Modi's Navnirman Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax
31-Mar-20	998.48	2195.46	139.78
31-Mar-21	735.21	1322.34	37.83
31-Mar-22	3098.29	1151.07	132.7
Amount in ₹ Lakhs

SKP Bearing Industries Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth
31-Mar-19	4358.36	4081.15	992.64	3086.87
31-Mar-20	5448.7	3258.18	812.47	3913.92
31-Mar-21	5281.07	3709.29	745.6	4580.08
05-Jan-22	5078.66	3444.35	940.41	4130.47
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.98%

100%

Promoter Shareholding (Post-Issue)

70.20%

73.49%

P/E Ratio

57.32

9.49

Market Cap

₹76.14 Cr.

₹116.20 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Modis Navnirman IPO retail investors (RII) are offered 5,96,000 shares while in SKP Bearing Industries IPO retail investors are offered 5,96,000 shares. Qualified institutional buyers (QIB) are offered in Modis Navnirman IPO and in SKP Bearing Industries IPO.

	Modis Navnirman IPO	SKP Bearing Industries IPO
Anchor Investor Reserveration
Market Maker Reserveration	68,000 shares	2,20,000 shares
QIB
NII	5,96,000 shares	20,90,000 shares
RII	5,96,000 shares	20,90,000 shares
Employee
Others
Total	11,92,000 shares	41,80,000 shares

Bids Received (Subscription)

Modis Navnirman IPO subscribed 1.99x in total, whereas SKP Bearing Industries IPO subscribed 10.06x.

	Modis Navnirman IPO	SKP Bearing Industries IPO
QIB (times)
NII (times)	2.76x	10.20x
Big NII (times)
Small NII (times)
RII (times)	1.22x	9.92x
Employee (times)
Other (times)
Total (times)	1.99x	10.06x

Compare with others

Modis Navnirman IPO	SKP Bearing Industries IPO
Jayant Infratech IPO	Agni Green Power IPO
SKP Bearing Industries IPO	Healthy Life Agritec IPO
Veerkrupa Jewellers IPO	Kesar India IPO
Sailani Tours N Travels IPO	B Right Realestate IPO
Mangalam Worldwide IPO	Jayant Infratech IPO
Pearl Green Clubs and Resorts IPO	Veerkrupa Jewellers IPO
KCK Industries IPO	Sailani Tours N Travels IPO
Goel Food Products IPO	Mangalam Worldwide IPO
Scarnose International IPO	Modis Navnirman IPO
Silver Pearl Hospitality IPO	Pearl Green Clubs and Resorts IPO

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