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Hi-Green Carbon IPO vs Mangalam Alloys IPO

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

IPO Details

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

 Hi-Green Carbon IPOMangalam Alloys IPO
LogoHi-Green Carbon IPO LogoMangalam Alloys IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Expert Global Consultants Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerSpread X Securities Pvt.Ltd.Rikhav Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Hi-Green Carbon IPO is up to ₹49.64 Cr whereas the issue size of the Mangalam Alloys IPO is up to ₹52.16 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 IPOMangalam 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)₹0.00 per share₹0.00 per share
Market Lot Size1600 shares1600 shares
Fresh Issue Size55,69,200 shares57,82,400 shares
Fresh Issue Size (Amount)up to ₹41.77 Crup to ₹46.26 Cr
OFS Issue Size10,50,000 shares7,37,600 shares
OFS Issue Size (Amount)up to ₹7.88 Crup to ₹5.90 Cr
Issue Size Total66,19,200 shares65,20,000 shares
Issue Size Total (Amount)up to ₹49.64 Crup to ₹52.16 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 IPOMangalam Alloys IPO
Anchor Bid DateSep 20, 2023
Issue OpenSep 21, 2023Sep 21, 2023
Issue CloseSep 25, 2023Sep 25, 2023
Basis Of Allotment (Tentative)Sep 28, 2023Sep 02, 2023
Initiation of Refunds (Tentative)Sep 29, 2023Oct 02, 2023
Credit of Share (Tentative)Oct 03, 2023Oct 03, 2023
Listing date (Tentative)Sep 28, 2023Oct 04, 2023
Anchor Lockin End date 1Oct 28, 2023
Anchor Lockin End date 2Dec 27, 2023

Financials & KPIs

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 IPOMangalam Alloys IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets43.8834.2433.11
Total Income79.0451.1424.29
Profit After Tax10.853.680.10
NET Worth22.5911.748.06
Reserves and Surplus3.59-7.26-10.94
Total Borrowing13.6215.8717.83
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets332.02300.67312.11
Total Income308.18309.74271.91
Profit After Tax10.145.05-6.54
NET Worth79.0368.9563.90
Reserves and Surplus60.4750.3945.34
Total Borrowing153.53163.62167.70
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%81.17%
Promoter Shareholding (Post-Issue)71.83%59.74%
P/E Ratio13.1314.65
Market Cap₹187.43 Cr.₹197.49 Cr.
ROE63.1912.82
ROCE64.7020.92
Debt/Equity0.601.94
EPS₹5.71₹5.46
RoNW48.0213.70

Shares Offered

In the Hi-Green Carbon IPO Retail Individual 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 IPOMangalam Alloys IPO
Anchor Investor Reservation19,84,000 shares0 shares
Market Maker Reservation4,20,800 shares3,44,000 shares
QIB13,23,200 shares0 shares
NII9,95,200 shares32,59,200 shares
RII23,16,800 shares32,60,800 shares
Employee0 shares0 shares
Total66,19,200 shares65,20,000 shares

Bids Received (Subscription)

Hi-Green Carbon IPO subscribed 118.25x in total, whereas Mangalam Alloys IPO subscribed 5.57x.

 Hi-Green Carbon IPOMangalam Alloys IPO
QIB (times)69.95x
NII (times)236.38x2.41x
RII (times)196.35x8.73x
Total (times)118.25x5.57x

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Hi-Green Carbon IPO Vs Mangalam Alloys IPO