Medicamen Organics IPO vs The Money Fair IPO

Comparision between Medicamen Organics IPO and The Money Fair IPO.

IPO Details

Medicamen Organics IPO is a SME Book Built Issue IPO proposed to list at NSE SME while The Money Fair IPO is a SME Book Built Issue proposed to list at NSE SME.

	Medicamen Organics IPO	The Money Fair IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	GYR Capital Advisors Private Limited	Fast Track Finsec Pvt Ltd
Registrar	Kfin Technologies Limited	Skyline Financial Services Private Ltd
Market Maker	Giriraj Stock Broking Private Limited	Nikunj Stock Brokers Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Medicamen Organics IPO is up to ₹10.54 Cr whereas the issue size of the The Money Fair IPO is up to ₹23.11 Cr. The final issue price of Medicamen Organics IPO is ₹34.00 per share and of The Money Fair IPO is ₹77.00 per share.

	Medicamen Organics IPO	The Money Fair IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹32.00 per share	₹73.00 per share
Issue Price (Upper)	₹34.00 per share	₹77.00 per share
Issue Price (Final)	₹34.00 per share	₹77.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	1600 shares
Fresh Issue Size	31,00,000 shares	30,01,600 shares
Fresh Issue Size (Amount)	up to ₹10.54 Cr	up to ₹23.11 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	31,00,000 shares	30,01,600 shares
Issue Size Total (Amount)	up to ₹10.54 Cr	up to ₹23.11 Cr

IPO Timetable

Medicamen Organics IPO opens on Jun 21, 2024, while The Money Fair IPO opens on Jun 25, 2024. The closing date of Medicamen Organics IPO and The Money Fair IPO is Jun 25, 2024, and Jun 27, 2024, respectively.

	Medicamen Organics IPO	The Money Fair IPO
Anchor Bid Date	Jun 20, 2024	Jun 24, 2024
Issue Open	Jun 21, 2024	Jun 25, 2024
Issue Close	Jun 25, 2024	Jun 27, 2024
Basis Of Allotment (Tentative)	Jun 26, 2024	Jul 01, 2024
Initiation of Refunds (Tentative)	Jun 27, 2024	Jul 01, 2024
Credit of Share (Tentative)	Jun 27, 2024	Jul 01, 2024
Listing date (Tentative)	Jun 28, 2024	Jul 02, 2024
Anchor Lockin End date 1	Jul 26, 2024	Jul 31, 2024
Anchor Lockin End date 2	Sep 24, 2024	Sep 29, 2024

Financials

Medicamen Organics IPO P/E ratio is 30.53, as compared to The Money Fair IPO P/E ratio of 13.2.

Medicamen Organics IPO

The Money Fair IPO

Financial

Medicamen Organics Limited Financial Information (Restated)

Medicamen Organics Limited's revenue increased by 10.13% and profit after tax (PAT) rose by 151% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	3,858.07	3,211.98	2,707.21	2,634.37
Revenue	2,528.96	2,296.24	2,118.67	2,505.96
Profit After Tax	240.41	95.78	9.23	29.81
Net Worth	1,518.40	851.71	755.92	746.72
Reserves and Surplus	658.40	251.71	155.92	146.72
Total Borrowing	1,265.65	1,179.50	1,024.57	958.97
Amount in ₹ Lakhs

Akiko Global Services Limited Financial Information (Restated)

Period Ended	31 Jan 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,794.91	1,130.87	405.67	234.88
Revenue	2,609.76	3,958.97	1,353.31	610.78
Profit After Tax	321.48	453.26	77.85	22.98
Net Worth	1,403.37	578.40	123.14	45.29
Reserves and Surplus	626.57	574.40	121.14	43.29
Total Borrowing	122.05	95.89	26.13	49.62
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

81.21%

92.77%

Promoter Shareholding (Post-Issue)

66.91%

P/E Ratio

30.53

13.2

Market Cap

₹39.78 Cr.

₹82.93 Cr.

ROE

19.90%%

32.44%%

ROCE

14.50%%

29.23%%

Debt/Equity

0.83

0.09

EPS

₹1.11

₹5.83

RoNW

15.83%

22.91%%

Shares Offered

In the Medicamen Organics IPO retail investors (RII) are offered 10,28,000 shares while in The Money Fair IPO retail investors are offered 10,28,000 shares. Qualified institutional buyers (QIB) are offered 5,84,000 shares in Medicamen Organics IPO and 6,54,400 shares in The Money Fair IPO.

	Medicamen Organics IPO	The Money Fair IPO
Anchor Investor Reserveration	8,76,000 shares	8,54,400 shares
Market Maker Reserveration	1,72,000 shares	1,50,400 shares
QIB	5,84,000 shares	6,54,400 shares
NII	4,40,000 shares	4,28,800 shares
RII	10,28,000 shares	9,98,400 shares
Employee	0 shares	0 shares
Others
Total	20,52,000 shares	20,81,600 shares

Bids Received (Subscription)

Medicamen Organics IPO subscribed 993.56x in total, whereas The Money Fair IPO subscribed 34.96x.

	Medicamen Organics IPO	The Money Fair IPO
QIB (times)	173.03x	10.21x
NII (times)	1,343.83x	48.05x
Big NII (times)
Small NII (times)
RII (times)	1,309.77x	45.57x
Employee (times)
Other (times)
Total (times)	993.56x	34.96x

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Medicamen Organics IPO	The Money Fair IPO
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