Madhusudan Masala IPO vs Techknowgreen Solutions IPO

Comparision between Madhusudan Masala IPO and Techknowgreen Solutions IPO.

IPO Details

Madhusudan Masala IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Techknowgreen Solutions IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Madhusudan Masala IPO	Techknowgreen Solutions IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Hem Securities Limited	Indorient Financial Services Ltd
Registrar	Kfin Technologies Limited	Bigshare Services Pvt Ltd
Market Maker	Hem Finlease Private Limited	Alacrity Securities Ltd.
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 Madhusudan Masala IPO is up to ₹23.80 Cr whereas the issue size of the Techknowgreen Solutions IPO is up to ₹16.72 Cr. The final issue price of Madhusudan Masala IPO is ₹70.00 per share and of Techknowgreen Solutions IPO is ₹86.00 per share.

	Madhusudan Masala IPO	Techknowgreen Solutions IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹66.00 per share
Issue Price (Upper)	₹70.00 per share
Issue Price (Final)	₹70.00 per share	₹86.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1600 shares
Fresh Issue Size	34,00,000 shares	19,44,000 shares
Fresh Issue Size (Amount)	up to ₹23.80 Cr	up to ₹16.72 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	34,00,000 shares	19,44,000 shares
Issue Size Total (Amount)	up to ₹23.80 Cr	up to ₹16.72 Cr

IPO Timetable

Madhusudan Masala IPO opens on Sep 18, 2023, while Techknowgreen Solutions IPO opens on Sep 18, 2023. The closing date of Madhusudan Masala IPO and Techknowgreen Solutions IPO is Sep 21, 2023, and Sep 21, 2023, respectively.

	Madhusudan Masala IPO	Techknowgreen Solutions IPO
Anchor Bid Date	Sep 15, 2023
Issue Open	Sep 18, 2023	Sep 18, 2023
Issue Close	Sep 21, 2023	Sep 21, 2023
Basis Of Allotment (Tentative)	Sep 26, 2023	Sep 26, 2023
Initiation of Refunds (Tentative)	Sep 27, 2023	Sep 27, 2023
Credit of Share (Tentative)	Sep 29, 2023	Sep 28, 2023
Listing date (Tentative)	Sep 26, 2023	Sep 27, 2023
Anchor Lockin End date 1	Oct 26, 2023	Oct 26, 2023
Anchor Lockin End date 2	Dec 25, 2023	Dec 25, 2023

Financials

Madhusudan Masala IPO P/E ratio is 10.08, as compared to Techknowgreen Solutions IPO P/E ratio of 9.71.

Madhusudan Masala IPO

Techknowgreen Solutions IPO

Financial

Madhusudan Masala IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	2,599.90	3,514.29	5,736.52
Revenue	6,875.18	6,651.81	12,750.57
Profit After Tax	44.98	81.29	575.89
Net Worth	1,094.09	31.07	1,099.10
Reserves and Surplus		30.07	599.10
Total Borrowing	966.40	2,819.53	4,217.20

Amount in ₹ Lakhs

Techknowgreen Solutions IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	1,181.75	953.94	1,237.25
Revenue	785.27	999.09	1,486.28
Profit After Tax	37.17	108.18	451.38
Net Worth	296.43	355.86	633.63
Reserves and Surplus	-213.20	-153.76	124.00
Total Borrowing	450.71	285.86	287.40

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

89.02%

Promoter Shareholding (Post-Issue)

73.64%

65.58%

P/E Ratio

10.08

9.71

Market Cap

₹90.30 Cr.

₹63.49 Cr.

ROE

101.91%%

88.57%%

ROCE

20.08%%

98.74%%

Debt/Equity

3.84

0.45

EPS

₹6.94

₹8.86

RoNW

52.40%%

71.24%%

Shares Offered

In the Madhusudan Masala IPO retail investors (RII) are offered 11,30,000 shares while in Techknowgreen Solutions IPO retail investors are offered 11,30,000 shares. Qualified institutional buyers (QIB) are offered 6,46,000 shares in Madhusudan Masala IPO and 0 shares in Techknowgreen Solutions IPO.

	Madhusudan Masala IPO	Techknowgreen Solutions IPO
Anchor Investor Reserveration	9,66,000 shares
Market Maker Reserveration	1,72,000 shares	97,600 shares
QIB	6,46,000 shares	0 shares
NII	4,86,000 shares	9,23,200 shares
RII	11,30,000 shares	9,23,200 shares
Employee	0 shares	0 shares
Others
Total	22,62,000 shares	18,46,400 shares

Bids Received (Subscription)

Madhusudan Masala IPO subscribed 444.27x in total, whereas Techknowgreen Solutions IPO subscribed 12.98x.

	Madhusudan Masala IPO	Techknowgreen Solutions IPO
QIB (times)	86.91x
NII (times)	574.08x	9.08x
Big NII (times)
Small NII (times)
RII (times)	592.73x	15.82x
Employee (times)
Other (times)
Total (times)	444.27x	12.98x

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Chavda Infra IPO	Digikore Studios IPO
Jiwanram Sheoduttrai Industries IPO	Madhusudan Masala IPO

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