Mandeep Auto Industries IPO vs Storage Technologies Racks and Rollers IPO

Comparision between Mandeep Auto Industries IPO and Storage Technologies Racks and Rollers IPO.

IPO Details

Mandeep Auto Industries IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Storage Technologies Racks and Rollers IPO is a SME Book Built Issue proposed to list at BSE SME.

	Mandeep Auto Industries IPO	Storage Technologies Racks and Rollers IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	BSE SME
Lead Managers	Jawa Capital Services Private Limited	Oneview Corporate Advisors Private Limited
Registrar	Cameo Corporate Services Limited	Integrated Registry Management Services Private Limited
Market Maker	Aftertrade Broking Pvt Ltd	Nikunj Stock Brokers 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 Mandeep Auto Industries IPO is up to ₹25.25 Cr whereas the issue size of the Storage Technologies Racks and Rollers IPO is up to ₹29.95 Cr. The final issue price of Mandeep Auto Industries IPO is ₹67.00 per share and of Storage Technologies Racks and Rollers IPO is ₹78.00 per share.

	Mandeep Auto Industries IPO	Storage Technologies Racks and Rollers IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹73.00 per share
Issue Price (Upper)		₹78.00 per share
Issue Price (Final)	₹67.00 per share	₹78.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1600 shares
Fresh Issue Size	37,68,000 shares	38,40,000 shares
Fresh Issue Size (Amount)	up to ₹25.25 Cr	up to ₹29.95 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	37,68,000 shares	38,40,000 shares
Issue Size Total (Amount)	up to ₹25.25 Cr	up to ₹29.95 Cr

IPO Timetable

Mandeep Auto Industries IPO opens on May 13, 2024, while Storage Technologies Racks and Rollers IPO opens on Apr 30, 2024. The closing date of Mandeep Auto Industries IPO and Storage Technologies Racks and Rollers IPO is May 15, 2024, and May 03, 2024, respectively.

	Mandeep Auto Industries IPO	Storage Technologies Racks and Rollers IPO
Anchor Bid Date		Apr 29, 2024
Issue Open	May 13, 2024	Apr 30, 2024
Issue Close	May 15, 2024	May 03, 2024
Basis Of Allotment (Tentative)	May 16, 2024	May 06, 2024
Initiation of Refunds (Tentative)	May 17, 2024	May 07, 2024
Credit of Share (Tentative)	May 17, 2024	May 07, 2024
Listing date (Tentative)	May 21, 2024	May 08, 2024
Anchor Lockin End date 1		Jun 05, 2024
Anchor Lockin End date 2		Aug 04, 2024

Financials

Mandeep Auto Industries IPO P/E ratio is 10.15, as compared to Storage Technologies Racks and Rollers IPO P/E ratio of 48.45.

Mandeep Auto Industries IPO

Storage Technologies Racks and Rollers IPO

Financial

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 Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,424.73	1,963.15	1,297.81	1,050.17
Revenue	1,656.76	2,978.74	2,189.73	1,563.49
Profit After Tax	214.93	104.91	64.69	49.81
Net Worth	820.80	453.54	413.61	280.42
Reserves and Surplus	163.81
Amount in ₹ Lakhs

Storage Technologies & Automation Ltd Financial Information (Restated Consolidated)

Storage Technologies & Automation Ltd's revenue increased by 16.42% and profit after tax (PAT) rose by 335.72% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Oct 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	6,375.77	4,004.01	3,567.70	3,113.04
Revenue	5,317.09	8,137.12	6,989.72	4,852.38
Profit After Tax	358.91	48.30	-20.49	118.42
Net Worth	953.52	594.61	546.31	566.81
Reserves and Surplus	653.52	294.61	246.31	466.81
Total Borrowing	1,632.53	931.63	871.10	347.48
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.97%

100.00%

Promoter Shareholding (Post-Issue)

63.53%

70.09%

P/E Ratio

10.15

48.45

Market Cap

₹69.26 Cr.

ROE

30.15%%

46.37%%

ROCE

27.94%%

22.52%%

Debt/Equity

EPS

₹6.60

₹11.96

RoNW

25.97%%

37.64%%

Shares Offered

In the Mandeep Auto Industries IPO retail investors (RII) are offered 17,89,000 shares while in Storage Technologies Racks and Rollers IPO retail investors are offered 17,89,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Mandeep Auto Industries IPO and 7,28,000 shares in Storage Technologies Racks and Rollers IPO.

	Mandeep Auto Industries IPO	Storage Technologies Racks and Rollers IPO
Anchor Investor Reserveration		10,89,600 shares
Market Maker Reserveration	1,90,000 shares	2,00,000 shares
QIB	0 shares	7,28,000 shares
NII	17,89,000 shares	5,47,200 shares
RII	17,89,000 shares	12,75,200 shares
Employee	0 shares	0 shares
Others
Total	35,78,000 shares	25,50,400 shares

Bids Received (Subscription)

Mandeep Auto Industries IPO subscribed 77.23x in total, whereas Storage Technologies Racks and Rollers IPO subscribed 278.82x.

	Mandeep Auto Industries IPO	Storage Technologies Racks and Rollers IPO
QIB (times)		117.86x
NII (times)	61.54x	577.02x
Big NII (times)
Small NII (times)
RII (times)	90.57x	242.74x
Employee (times)
Other (times)
Total (times)	77.23x	278.82x

Compare with others

Mandeep Auto Industries IPO	Storage Technologies Racks and Rollers IPO
Winsol Engineers IPO	Refractory Shapes IPO
Slone Infosystems IPO	Winsol Engineers IPO
Sai Swami Metals and Alloys IPO	Slone Infosystems IPO
Amkay Products IPO	Sai Swami Metals and Alloys IPO
Storage Technologies Racks and Rollers IPO	Amkay Products IPO
ABS Marine Services IPO	Mandeep Auto Industries IPO
Shivam Chemicals IPO	ABS Marine Services IPO
Varyaa Creations IPO	Shivam Chemicals IPO
Faalcon Concepts IPO	Varyaa Creations IPO
Emmforce Autotech IPO	Faalcon Concepts IPO

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