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Emmforce Autotech IPO vs Mandeep Auto Industries IPO

Comparision between Emmforce Autotech IPO and Mandeep Auto Industries IPO.

IPO Details

Emmforce Autotech IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Mandeep Auto Industries IPO is a SME Fixed Price Issue proposed to list at NSE SME.

  Emmforce Autotech IPO Mandeep Auto Industries IPO
Logo Emmforce Autotech IPO Logo Mandeep Auto Industries 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 Beeline Capital Advisors Pvt Ltd Jawa Capital Services Private Limited
Registrar Link Intime India Private Ltd Cameo Corporate Services Limited
Market Maker Spread X Securities Private 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 Emmforce Autotech IPO is up to ₹53.90 Cr whereas the issue size of the Mandeep Auto Industries IPO is up to ₹25.25 Cr. The final issue price of Emmforce Autotech IPO is ₹98.00 per share and of Mandeep Auto Industries IPO is ₹67.00 per share.

  Emmforce Autotech IPO Mandeep Auto Industries IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹93.00 per share
Issue Price (Upper) ₹98.00 per share
Issue Price (Final) ₹98.00 per share ₹67.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1200 shares 2000 shares
Fresh Issue Size 54,99,600 shares 37,68,000 shares
Fresh Issue Size (Amount) up to ₹53.90 Cr up to ₹25.25 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 54,99,600 shares 37,68,000 shares
Issue Size Total (Amount) up to ₹53.90 Cr up to ₹25.25 Cr

IPO Timetable

Emmforce Autotech IPO opens on Apr 23, 2024, while Mandeep Auto Industries IPO opens on May 13, 2024. The closing date of Emmforce Autotech IPO and Mandeep Auto Industries IPO is Apr 25, 2024, and May 15, 2024, respectively.

  Emmforce Autotech IPO Mandeep Auto Industries IPO
Anchor Bid Date Apr 22, 2024
Issue Open Apr 23, 2024 May 13, 2024
Issue Close Apr 25, 2024 May 15, 2024
Basis Of Allotment (Tentative) Apr 26, 2024 May 16, 2024
Initiation of Refunds (Tentative) Apr 29, 2024 May 17, 2024
Credit of Share (Tentative) Apr 29, 2024 May 17, 2024
Listing date (Tentative) Apr 30, 2024 May 21, 2024
Anchor Lockin End date 1 May 26, 2024
Anchor Lockin End date 2 Jul 25, 2024

Financials

Emmforce Autotech IPO P/E ratio is 33.5, as compared to Mandeep Auto Industries IPO P/E ratio of 10.15.

  Emmforce Autotech IPO Mandeep Auto Industries IPO
Financial

Emmforce Autotech Limited Financial Information (Restated)

Emmforce Autotech Limited's revenue decreased by -31.7% and profit after tax (PAT) dropped by -40.1% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Oct 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,597.134,895.405,257.363,384.41
Revenue4,790.314,875.327,138.135,185.32
Profit After Tax511.78438.85732.58508.91
Net Worth1,500.002,344.952,129.091,524.82
Reserves and Surplus43.72
Total Borrowing2,404.251,535.431,651.09501.70
Amount in ₹ Lakhs

Mandeep Auto Industries Limited Financial Information (Restated Standalone)

Mandeep Auto Industries Limited's revenue increased by 36.03% and profit after tax (PAT) rose by 62.17% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,424.731,963.151,297.811,050.17
Revenue1,656.762,978.742,189.731,563.49
Profit After Tax214.93104.9164.6949.81
Net Worth820.80453.54413.61280.42
Reserves and Surplus163.81
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 99.97%
Promoter Shareholding (Post-Issue) 73.17% 63.53%
P/E Ratio 33.5 10.15
Market Cap ₹200.90 Cr. ₹69.26 Cr.
ROE 30.15%%
ROCE 27.94%%
Debt/Equity 1
EPS ₹2.93 ₹6.60
RoNW 2.83% 25.97%%

Shares Offered

In the Emmforce Autotech IPO retail investors (RII) are offered 18,28,800 shares while in Mandeep Auto Industries IPO retail investors are offered 18,28,800 shares. Qualified institutional buyers (QIB) are offered 10,45,200 shares in Emmforce Autotech IPO and 0 shares in Mandeep Auto Industries IPO.

  Emmforce Autotech IPO Mandeep Auto Industries IPO
Anchor Investor Reserveration 15,66,000 shares
Market Maker Reserveration 2,76,000 shares 1,90,000 shares
QIB 10,45,200 shares 0 shares
NII 7,83,600 shares 17,89,000 shares
RII 18,28,800 shares 17,89,000 shares
Employee 0 shares 0 shares
Others
Total 36,57,600 shares 35,78,000 shares

Bids Received (Subscription)

Emmforce Autotech IPO subscribed 364.37x in total, whereas Mandeep Auto Industries IPO subscribed 77.23x.

  Emmforce Autotech IPO Mandeep Auto Industries IPO
QIB (times) 160.58x
NII (times) 861.98x 61.54x
Big NII (times)
Small NII (times)
RII (times) 267.62x 90.57x
Employee (times)
Other (times)
Total (times) 364.37x 77.23x

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