M.V.K. Agro Food IPO vs Sona Machinery IPO

Comparision between M.V.K. Agro Food IPO and Sona Machinery IPO.

IPO Details

M.V.K. Agro Food IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Sona Machinery IPO is a SME Book Built Issue proposed to list at NSE SME.

	M.V.K. Agro Food IPO	Sona Machinery IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Horizon Management Private Limited	Hem Securities Limited
Registrar	Mas Services Limited	Maashitla Securities Private Limited
Market Maker	Nikunj Stock Brokers Limited	Hem Finlease 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 M.V.K. Agro Food IPO is up to ₹65.88 Cr whereas the issue size of the Sona Machinery IPO is up to ₹51.82 Cr. The final issue price of M.V.K. Agro Food IPO is ₹120.00 per share and of Sona Machinery IPO is ₹143.00 per share.

	M.V.K. Agro Food IPO	Sona Machinery IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹136.00 per share
Issue Price (Upper)		₹143.00 per share
Issue Price (Final)	₹120.00 per share	₹143.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1000 shares
Fresh Issue Size	54,90,000 shares	36,24,000 shares
Fresh Issue Size (Amount)	up to ₹65.88 Cr	up to ₹51.82 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	54,90,000 shares	36,24,000 shares
Issue Size Total (Amount)	up to ₹65.88 Cr	up to ₹51.82 Cr

IPO Timetable

M.V.K. Agro Food IPO opens on Feb 29, 2024, while Sona Machinery IPO opens on Mar 05, 2024. The closing date of M.V.K. Agro Food IPO and Sona Machinery IPO is Mar 04, 2024, and Mar 07, 2024, respectively.

	M.V.K. Agro Food IPO	Sona Machinery IPO
Anchor Bid Date		Mar 04, 2024
Issue Open	Feb 29, 2024	Mar 05, 2024
Issue Close	Mar 04, 2024	Mar 07, 2024
Basis Of Allotment (Tentative)	Mar 05, 2024	Mar 11, 2024
Initiation of Refunds (Tentative)	Mar 06, 2024	Mar 12, 2024
Credit of Share (Tentative)	Mar 06, 2024	Mar 12, 2024
Listing date (Tentative)	Mar 07, 2024	Mar 13, 2024
Anchor Lockin End date 1		Apr 10, 2024
Anchor Lockin End date 2		Jun 09, 2024

Financials

M.V.K. Agro Food IPO P/E ratio is 31.79, as compared to Sona Machinery IPO P/E ratio of 18.8.

M.V.K. Agro Food IPO

Sona Machinery IPO

Financial

M.V.K. Agro Food Product Ltd Financial Information (Restated)

M.V.K. Agro Food Product Ltd's revenue decreased by -29.18% and profit after tax (PAT) rose by 18.02% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	14,804.05	15,471.93	11,602.06	11,445.70
Revenue	6,044.36	9,393.63	13,263.56	2,583.10
Profit After Tax	430.07	377.45	319.81	140.41
Net Worth	1,767.74	1,337.67	960.22	640.41
Reserves and Surplus	1,267.74	837.67	460.22	140.41
Total Borrowing	6,281.23	9,156.10	6,001.32	7,496.33
Amount in ₹ Lakhs

Sona Machinery Limited Financial Information (Restated Standalone)

Sona Machinery Limited's revenue increased by 82.3% and profit after tax (PAT) rose by 135.35% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Nov 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,211.30	2,858.19	1,516.58	732.21
Revenue	6,288.11	8,118.06	4,453.07	606.33
Profit After Tax	647.82	768.36	326.47	27.81
Net Worth	1,780.16	1,132.34	363.98	37.51
Reserves and Surplus	770.16	1,122.34	353.98	27.51
Total Borrowing	112.94	252.60	236.61
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

64.56%

73.59%

P/E Ratio

31.79

18.8

Market Cap

₹185.88 Cr.

₹196.25 Cr.

ROE

32.85%%

44.49%%

ROCE

13.44%%

46.61%%

Debt/Equity

6.84

0.06

EPS

₹3.77

₹7.61

RoNW

32.85%%

36.39%%

Shares Offered

In the M.V.K. Agro Food IPO retail investors (RII) are offered 26,07,600 shares while in Sona Machinery IPO retail investors are offered 26,07,600 shares. Qualified institutional buyers (QIB) are offered 0 shares in M.V.K. Agro Food IPO and 6,88,000 shares in Sona Machinery IPO.

	M.V.K. Agro Food IPO	Sona Machinery IPO
Anchor Investor Reserveration		10,32,000 shares
Market Maker Reserveration	2,74,800 shares	1,82,000 shares
QIB	0 shares	6,88,000 shares
NII	26,07,600 shares	5,17,000 shares
RII	26,07,600 shares	12,05,000 shares
Employee	0 shares	0 shares
Others
Total	52,15,200 shares	24,10,000 shares

Bids Received (Subscription)

M.V.K. Agro Food IPO subscribed 8.46x in total, whereas Sona Machinery IPO subscribed 273.50x.

	M.V.K. Agro Food IPO	Sona Machinery IPO
QIB (times)		129.72x
NII (times)	3.90x	554.42x
Big NII (times)
Small NII (times)
RII (times)	13.01x	235.06x
Employee (times)
Other (times)
Total (times)	8.46x	273.50x

Compare with others

M.V.K. Agro Food IPO	Sona Machinery IPO
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V R Infraspace IPO	Koura Fine Diamond Jewelry IPO
Sona Machinery IPO	Shree Karni Fabcom IPO
Pune E-Stock Broking IPO	V R Infraspace IPO
Owais Metal and Mineral Processing IPO	Pune E-Stock Broking IPO
Purv Flexipack IPO	M.V.K. Agro Food IPO
Sadhav Shipping IPO	Owais Metal and Mineral Processing IPO
Deem Roll Tech IPO	Purv Flexipack IPO
Zenith Drugs IPO	Sadhav Shipping IPO

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