Mangalam Alloys IPO vs Organic Recycling Systems IPO

Comparision between Mangalam Alloys IPO and Organic Recycling Systems IPO.

IPO Details

Mangalam Alloys IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Organic Recycling Systems IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Mangalam Alloys IPO	Organic Recycling Systems IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Expert Global Consultants Private Limited	Arihant Capital Markets Ltd
Registrar	Skyline Financial Services Private Ltd	Maashitla Securities Private Limited
Market Maker	Rikhav Securities Limited	Arihant Capital Markets Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Mangalam Alloys IPO is up to ₹54.91 Cr whereas the issue size of the Organic Recycling Systems IPO is up to ₹50.00 Cr. The final issue price of Mangalam Alloys IPO is ₹80.00 per share and of Organic Recycling Systems IPO is ₹200.00 per share.

	Mangalam Alloys IPO	Organic Recycling Systems IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹80.00 per share	₹200.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	600 shares
Fresh Issue Size	61,26,400 shares	25,00,200 shares
Fresh Issue Size (Amount)	up to ₹49.01 Cr	up to ₹50.00 Cr
OFS Issue Size	7,37,600 shares
OFS Issue Size (Amount)	up to ₹5.90 Cr
Issue Size Total	68,64,000 shares	25,00,200 shares
Issue Size Total (Amount)	up to ₹54.91 Cr	up to ₹50.00 Cr

IPO Timetable

Mangalam Alloys IPO opens on Sep 21, 2023, while Organic Recycling Systems IPO opens on Sep 21, 2023. The closing date of Mangalam Alloys IPO and Organic Recycling Systems IPO is Sep 25, 2023, and Sep 26, 2023, respectively.

	Mangalam Alloys IPO	Organic Recycling Systems IPO
Anchor Bid Date
Issue Open	Sep 21, 2023	Sep 21, 2023
Issue Close	Sep 25, 2023	Sep 26, 2023
Basis Of Allotment (Tentative)	Sep 02, 2023	Sep 29, 2023
Initiation of Refunds (Tentative)	Oct 02, 2023	Oct 03, 2023
Credit of Share (Tentative)	Oct 03, 2023	Oct 04, 2023
Listing date (Tentative)	Oct 04, 2023	Oct 06, 2023
Anchor Lockin End date 1	Oct 02, 2023	Oct 29, 2023
Anchor Lockin End date 2	Dec 01, 2023	Dec 28, 2023

Financials

Mangalam Alloys IPO P/E ratio is 14.65, as compared to Organic Recycling Systems IPO P/E ratio of 25.54.

Mangalam Alloys IPO

Organic Recycling Systems IPO

Financial

Mangalam Alloys IPO Financial Information (Restated Standalone)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	31,210.81	30,066.96	33,201.81
Revenue	27,190.68	30,973.94	30,817.92
Profit After Tax	-653.69	505.08	1,013.52
Net Worth	6,390.37	6,895.35	7,903.11
Reserves and Surplus	4,534.42	5,039.40	6,047.16
Total Borrowing	16,769.66	16,361.81	15,353.27

Amount in ₹ Lakhs

Organic Recycling Systems IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	10,272.69	10,669.35	11,931.10
Revenue	1,578.18	1,756.67	2,534.10
Profit After Tax	-449.37	-535.03	365.38
Net Worth	1,343.88	808.86	2,550.07
Reserves and Surplus	1,298.11	763.08	2,014.40
Total Borrowing	5,449.89	5,418.38	6,981.41

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

81.17%

30.14%

Promoter Shareholding (Post-Issue)

59.74%

20.35%

P/E Ratio

14.65

25.54

Market Cap

₹197.49 Cr.

₹153.99 Cr.

ROE

12.82%

21.76%%

ROCE

20.92%

13.06%%

Debt/Equity

1.94

2.7

EPS

₹5.46

₹7.83

RoNW

13.70%%

14.33%%

Shares Offered

In the Mangalam Alloys IPO retail investors (RII) are offered 32,60,800 shares while in Organic Recycling Systems IPO retail investors are offered 32,60,800 shares. Qualified institutional buyers (QIB) are offered 0 shares in Mangalam Alloys IPO and 0 shares in Organic Recycling Systems IPO.

	Mangalam Alloys IPO	Organic Recycling Systems IPO
Anchor Investor Reserveration
Market Maker Reserveration	3,44,000 shares	1,30,200 shares
QIB	0 shares	0 shares
NII	32,59,200 shares	11,85,000 shares
RII	32,60,800 shares	11,85,000 shares
Employee	0 shares	0 shares
Others
Total	65,20,000 shares	23,70,000 shares

Bids Received (Subscription)

Mangalam Alloys IPO subscribed 5.57x in total, whereas Organic Recycling Systems IPO subscribed 3.24x.

	Mangalam Alloys IPO	Organic Recycling Systems IPO
QIB (times)
NII (times)	2.41x	4.28x
Big NII (times)
Small NII (times)
RII (times)	8.73x	2.21x
Employee (times)
Other (times)
Total (times)	5.57x	3.24x

Compare with others

Mangalam Alloys IPO	Organic Recycling Systems IPO
Goyal Salt IPO	Arabian Petroleum IPO
Saakshi Medtech and Panels IPO	Newjaisa Technologies IPO
Organic Recycling Systems IPO	Inspire Films IPO
Sunita Tools IPO	Goyal Salt IPO
Marco Cables & Conductors IPO	Saakshi Medtech and Panels IPO
Master Components IPO	Sunita Tools IPO
Techknowgreen Solutions IPO	Marco Cables & Conductors IPO
Hi-Green Carbon IPO	Mangalam Alloys IPO
Kody Technolab IPO	Master Components IPO
Holmarc Opto-Mechatronics IPO	Techknowgreen Solutions IPO

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