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Hi-Green Carbon IPO vs Mangalam Alloys IPO

Comparision between Hi-Green Carbon IPO and Mangalam Alloys IPO.

IPO Details

Hi-Green Carbon IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Mangalam Alloys IPO is a SME Fixed Price Issue proposed to list at NSE SME.

  Hi-Green Carbon IPO Mangalam Alloys IPO
Logo Hi-Green Carbon IPO Logo Mangalam Alloys 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 Beeline Capital Advisors Pvt Ltd Expert Global Consultants Private Limited
Registrar Link Intime India Private Ltd Skyline Financial Services Private Ltd
Market Maker Spread X Securities Private Limited Rikhav Securities 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 Hi-Green Carbon IPO is up to ₹52.80 Cr whereas the issue size of the Mangalam Alloys IPO is up to ₹54.91 Cr. The final issue price of Hi-Green Carbon IPO is ₹75.00 per share and of Mangalam Alloys IPO is ₹80.00 per share.

  Hi-Green Carbon IPO Mangalam Alloys IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹71.00 per share
Issue Price (Upper) ₹75.00 per share
Issue Price (Final) ₹75.00 per share ₹80.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1600 shares 1600 shares
Fresh Issue Size 59,90,000 shares 61,26,400 shares
Fresh Issue Size (Amount) up to ₹44.93 Cr up to ₹49.01 Cr
OFS Issue Size 10,50,000 shares 7,37,600 shares
OFS Issue Size (Amount) up to ₹7.88 Cr up to ₹5.90 Cr
Issue Size Total 70,40,000 shares 68,64,000 shares
Issue Size Total (Amount) up to ₹52.80 Cr up to ₹54.91 Cr

IPO Timetable

Hi-Green Carbon IPO opens on Sep 21, 2023, while Mangalam Alloys IPO opens on Sep 21, 2023. The closing date of Hi-Green Carbon IPO and Mangalam Alloys IPO is Sep 25, 2023, and Sep 25, 2023, respectively.

  Hi-Green Carbon IPO Mangalam Alloys IPO
Anchor Bid Date Sep 20, 2023
Issue Open Sep 21, 2023 Sep 21, 2023
Issue Close Sep 25, 2023 Sep 25, 2023
Basis Of Allotment (Tentative) Sep 28, 2023 Sep 02, 2023
Initiation of Refunds (Tentative) Sep 29, 2023 Oct 02, 2023
Credit of Share (Tentative) Oct 03, 2023 Oct 03, 2023
Listing date (Tentative) Sep 28, 2023 Oct 04, 2023
Anchor Lockin End date 1 Oct 28, 2023 Oct 02, 2023
Anchor Lockin End date 2 Dec 27, 2023 Dec 01, 2023

Financials

Hi-Green Carbon IPO P/E ratio is 13.13, as compared to Mangalam Alloys IPO P/E ratio of 14.65.

  Hi-Green Carbon IPO Mangalam Alloys IPO
Financial
Hi-Green Carbon IPO Financial Information (Restated Standalone)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets3,310.913,424.364,387.83
Revenue2,429.395,113.957,903.90
Profit After Tax9.59367.951,084.78
Net Worth806.281,174.232,259.02
Reserves and Surplus-1,093.72-725.77359.02
Total Borrowing1,783.101,586.701,362.19
Amount in ₹ Lakhs
Mangalam Alloys IPO Financial Information (Restated Standalone)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets31,210.8130,066.9633,201.81
Revenue27,190.6830,973.9430,817.92
Profit After Tax-653.69505.081,013.52
Net Worth6,390.376,895.357,903.11
Reserves and Surplus4,534.425,039.406,047.16
Total Borrowing16,769.6616,361.8115,353.27
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 81.17%
Promoter Shareholding (Post-Issue) 71.83% 59.74%
P/E Ratio 13.13 14.65
Market Cap ₹187.43 Cr. ₹197.49 Cr.
ROE 63.19%% 12.82%
ROCE 64.70%% 20.92%
Debt/Equity 0.6 1.94
EPS ₹5.71 ₹5.46
RoNW 48.02%% 13.70%%

Shares Offered

In the Hi-Green Carbon IPO retail investors (RII) are offered 23,16,800 shares while in Mangalam Alloys IPO retail investors are offered 23,16,800 shares. Qualified institutional buyers (QIB) are offered 13,23,200 shares in Hi-Green Carbon IPO and 0 shares in Mangalam Alloys IPO.

  Hi-Green Carbon IPO Mangalam Alloys IPO
Anchor Investor Reserveration 19,84,000 shares
Market Maker Reserveration 4,20,800 shares 3,44,000 shares
QIB 13,23,200 shares 0 shares
NII 9,93,600 shares 32,59,200 shares
RII 23,16,800 shares 32,60,800 shares
Employee 0 shares 0 shares
Others
Total 46,33,600 shares 65,20,000 shares

Bids Received (Subscription)

Hi-Green Carbon IPO subscribed 168.92x in total, whereas Mangalam Alloys IPO subscribed 5.57x.

  Hi-Green Carbon IPO Mangalam Alloys IPO
QIB (times) 69.95x
NII (times) 236.76x 2.41x
Big NII (times)
Small NII (times)
RII (times) 196.35x 8.73x
Employee (times)
Other (times)
Total (times) 168.92x 5.57x

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