Macfos IPO vs Viaz Tyres IPO

Comparision between Macfos IPO and Viaz Tyres IPO.

IPO Details

Macfos IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Viaz Tyres IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Macfos IPO	Viaz Tyres IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Hem Securities Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private Ltd
Market Maker	Hem Securities Ltd.	Sunflower Broking 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 Macfos IPO is up to ₹23.74 Cr whereas the issue size of the Viaz Tyres IPO is up to ₹20.00 Cr. The final issue price of Macfos IPO is ₹102.00 per share and of Viaz Tyres IPO is ₹62.00 per share.

	Macfos IPO	Viaz Tyres IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹96.00 per share
Issue Price (Upper)	₹102.00 per share
Issue Price (Final)	₹102.00 per share	₹62.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	2000 shares
Fresh Issue Size		32,26,000 shares
Fresh Issue Size (Amount)		up to ₹20.00 Cr
OFS Issue Size	23,28,000 shares
OFS Issue Size (Amount)	up to ₹23.74 Cr
Issue Size Total	23,28,000 shares	32,26,000 shares
Issue Size Total (Amount)	up to ₹23.74 Cr	up to ₹20.00 Cr

IPO Timetable

Macfos IPO opens on Feb 17, 2023, while Viaz Tyres IPO opens on Feb 16, 2023. The closing date of Macfos IPO and Viaz Tyres IPO is Feb 21, 2023, and Feb 21, 2023, respectively.

	Macfos IPO	Viaz Tyres IPO
Anchor Bid Date	Feb 16, 2023
Issue Open	Feb 17, 2023	Feb 16, 2023
Issue Close	Feb 21, 2023	Feb 21, 2023
Basis Of Allotment (Tentative)	Feb 24, 2023	Feb 24, 2023
Initiation of Refunds (Tentative)	Feb 27, 2023	Feb 27, 2023
Credit of Share (Tentative)	Feb 28, 2023	Feb 28, 2023
Listing date (Tentative)	Mar 01, 2023	Mar 01, 2023
Anchor Lockin End date 1	Mar 26, 2023	Mar 26, 2023
Anchor Lockin End date 2	May 25, 2023	May 25, 2023

Financials

Macfos IPO P/E ratio is 15.22, as compared to Viaz Tyres IPO P/E ratio of 24.9.

Macfos IPO

Viaz Tyres IPO

Financial

Macfos Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	624.62	1,622.16	32.97	52.55	51.55	433.12
31-Mar-21	941.75	2,733.76	158.31	310.66	309.64	350.13
31-Mar-22	2,047.20	5,587.07	601.27	911.93	910.91	603.26
30-Sep-22	2,598.74	3,605.40	295.85	1,207.78	1,206.76	938.00
Amount in ₹ Lakhs

Viaz Tyres Limited Financial Information (Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	2,429.97	1,994.37	14.51	432.93	1,895.94
31-Mar-21	2,713.32	2,917.26	60.64	493.56	2,047.89
31-Mar-22	2,898.38	2,933.04	146.91	640.47	1,996.09
30-Sep-22	3,405.87	2,379.10	152.72	1,098.19	2,003.36
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

99.2%

Promoter Shareholding (Post-Issue)

73.65%

73.07%

P/E Ratio

15.22

24.9

Market Cap

₹90.12 Cr.

₹75.96 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Macfos IPO retail investors (RII) are offered 7,75,200 shares while in Viaz Tyres IPO retail investors are offered 7,75,200 shares. Qualified institutional buyers (QIB) are offered 11,04,000 shares in Macfos IPO and in Viaz Tyres IPO.

	Macfos IPO	Viaz Tyres IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,16,400 shares	1,62,000 shares
QIB	11,04,000 shares
NII	3,32,400 shares	15,32,000 shares
RII	7,75,200 shares	15,32,000 shares
Employee
Others
Total	23,28,000 shares	30,64,000 shares

Bids Received (Subscription)

Macfos IPO subscribed 193.87x in total, whereas Viaz Tyres IPO subscribed 5.79x.

	Macfos IPO	Viaz Tyres IPO
QIB (times)	21.60x
NII (times)	659.99x	5.33x
Big NII (times)
Small NII (times)
RII (times)	268.45x	6.25x
Employee (times)
Other (times)
Total (times)	193.87x	5.79x

Compare with others

Macfos IPO	Viaz Tyres IPO
Amanaya Ventures IPO	Srivasavi Adhesive Tapes IPO
ResGen IPO	SVJ Enterprises IPO
Srivasavi Adhesive Tapes IPO	Sealmatic India IPO
SVJ Enterprises IPO	Macfos IPO
Sealmatic India IPO	ITCONS E-Solutions IPO
ITCONS E-Solutions IPO	Patron Exim IPO
Viaz Tyres IPO	Lead Reclaim and Rubber Products IPO
Patron Exim IPO	Indong Tea Company IPO
Lead Reclaim and Rubber Products IPO	Agarwal Float Glass India IPO
Indong Tea Company IPO	Shera Energy IPO

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