The Money Fair IPO vs Winny Immigration IPO

Comparision between The Money Fair IPO and Winny Immigration IPO.

IPO Details

The Money Fair IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Winny Immigration IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	The Money Fair IPO	Winny Immigration IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Fast Track Finsec Pvt Ltd	Interactive Financial Services Ltd
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Nikunj Stock Brokers Limited	Aftertrade Broking Pvt 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 The Money Fair IPO is up to ₹23.11 Cr whereas the issue size of the Winny Immigration IPO is up to ₹9.13 Cr. The final issue price of The Money Fair IPO is ₹77.00 per share and of Winny Immigration IPO is ₹140.00 per share.

	The Money Fair IPO	Winny Immigration IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹73.00 per share
Issue Price (Upper)	₹77.00 per share
Issue Price (Final)	₹77.00 per share	₹140.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1000 shares
Fresh Issue Size	30,01,600 shares	6,52,000 shares
Fresh Issue Size (Amount)	up to ₹23.11 Cr	up to ₹9.13 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	30,01,600 shares	6,52,000 shares
Issue Size Total (Amount)	up to ₹23.11 Cr	up to ₹9.13 Cr

IPO Timetable

The Money Fair IPO opens on Jun 25, 2024, while Winny Immigration IPO opens on Jun 20, 2024. The closing date of The Money Fair IPO and Winny Immigration IPO is Jun 27, 2024, and Jun 24, 2024, respectively.

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

Financials

The Money Fair IPO P/E ratio is 13.2, as compared to Winny Immigration IPO P/E ratio of 54.12.

The Money Fair IPO

Winny Immigration IPO

Financial

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

Winny Immigration and Education Services Ltd Financial Information (Restated)

Winny Immigration and Education Services Ltd's revenue decreased by -8% and profit after tax (PAT) dropped by -72.86% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	542.84	541.93	276.26
Revenue	1,102.12	1,197.91	1,004.07
Profit After Tax	39.27	144.71	127.63
Net Worth	230.72	191.46	46.75
Reserves and Surplus	78.92	188.16	43.45
Total Borrowing	206.84	232.02	127.91
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

92.77%

83.63%

Promoter Shareholding (Post-Issue)

66.91%

58.51%

P/E Ratio

13.2

54.12

Market Cap

₹82.93 Cr.

₹30.38 Cr.

ROE

32.44%%

18.60%%

ROCE

29.23%%

15.74%%

Debt/Equity

0.09

0.9

EPS

₹5.83

₹2.59

RoNW

22.91%%

17.02%%

Shares Offered

In the The Money Fair IPO retail investors (RII) are offered 9,98,400 shares while in Winny Immigration IPO retail investors are offered 9,98,400 shares. Qualified institutional buyers (QIB) are offered 6,54,400 shares in The Money Fair IPO and 0 shares in Winny Immigration IPO.

	The Money Fair IPO	Winny Immigration IPO
Anchor Investor Reserveration	8,54,400 shares
Market Maker Reserveration	1,50,400 shares	34,000 shares
QIB	6,54,400 shares	0 shares
NII	4,28,800 shares	3,09,000 shares
RII	9,98,400 shares	3,09,000 shares
Employee	0 shares	0 shares
Others
Total	20,81,600 shares	6,18,000 shares

Bids Received (Subscription)

The Money Fair IPO subscribed 34.96x in total, whereas Winny Immigration IPO subscribed 154.67x.

	The Money Fair IPO	Winny Immigration IPO
QIB (times)	10.21x
NII (times)	48.05x	109.65x
Big NII (times)
Small NII (times)
RII (times)	45.57x	190.66x
Employee (times)
Other (times)
Total (times)	34.96x	154.67x

Compare with others

The Money Fair IPO	Winny Immigration IPO
Mason Infratech IPO	Petro Carbon and Chemicals IPO
Petro Carbon and Chemicals IPO	Sylvan Plyboard IPO
Sylvan Plyboard IPO	Shivalic Power Control IPO
Shivalic Power Control IPO	Divine Power IPO
Divine Power IPO	The Money Fair IPO
Winny Immigration IPO	Medicamen Organics IPO
Medicamen Organics IPO	EnNutrica IPO
EnNutrica IPO	Falcon Technoprojects India IPO
Falcon Technoprojects India IPO	Durlax Top Surface IPO
Durlax Top Surface IPO	GEM Enviro IPO

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