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Mangalam Alloys IPO vs Saakshi Medtech IPO

Comparison between Mangalam Alloys IPO and Saakshi Medtech IPO.

IPO Details

Mangalam Alloys IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Saakshi Medtech IPO is a SME Bookbuilding proposed to list at NSE SME.

 Mangalam Alloys IPOSaakshi Medtech IPO
LogoMangalam Alloys IPO LogoSaakshi Medtech IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersExpert Global Consultants Pvt.Ltd.Hem Securities Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerRikhav Securities Ltd.Hem Finlease Pvt.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 Mangalam Alloys IPO is up to ₹52.16 Cr whereas the issue size of the Saakshi Medtech IPO is up to ₹42.88 Cr. The final issue price of Mangalam Alloys IPO is ₹80.00 per share and of Saakshi Medtech IPO is ₹97.00 per share.

 Mangalam Alloys IPOSaakshi Medtech IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹92.00 per share
Issue Price (Upper)₹97.00 per share
Issue Price (Final)₹80.00 per share₹97.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1600 shares1200 shares
Fresh Issue Size57,82,400 shares44,20,800 shares
Fresh Issue Size (Amount)up to ₹46.26 Crup to ₹42.88 Cr
OFS Issue Size7,37,600 shares0 shares
OFS Issue Size (Amount)up to ₹5.90 Crup to ₹0.00 Cr
Issue Size Total65,20,000 shares44,20,800 shares
Issue Size Total (Amount)up to ₹52.16 Crup to ₹42.88 Cr

IPO Timetable

Mangalam Alloys IPO opens on Sep 21, 2023, while Saakshi Medtech IPO opens on Sep 25, 2023. The closing date of Mangalam Alloys IPO and Saakshi Medtech IPO is Sep 25, 2023, and Sep 27, 2023, respectively.

 Mangalam Alloys IPOSaakshi Medtech IPO
Anchor Bid DateSep 22, 2023
Issue OpenSep 21, 2023Sep 25, 2023
Issue CloseSep 25, 2023Sep 27, 2023
Basis Of Allotment (Tentative)Sep 02, 2023Oct 03, 2023
Initiation of Refunds (Tentative)Oct 02, 2023Oct 04, 2023
Credit of Share (Tentative)Oct 03, 2023Oct 05, 2023
Listing date (Tentative)Oct 04, 2023Oct 03, 2023
Anchor Lockin End date 1Nov 02, 2023
Anchor Lockin End date 2Jan 01, 2024

Financials & KPIs

Mangalam Alloys IPO P/E ratio is 14.65, as compared to Saakshi Medtech IPO P/E ratio of 10.18.

 Mangalam Alloys IPOSaakshi Medtech IPO
Financials

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

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets93.2465.2255.92
Total Income122.2091.6960.22
Profit After Tax12.389.382.20
NET Worth42.2429.8620.48
Reserves and Surplus39.6427.2617.88
Total Borrowing20.0716.3621.99
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)81.17%100%
Promoter Shareholding (Post-Issue)59.74%73.63%
P/E Ratio14.6510.18
Market Cap₹197.49 Cr.₹171.26 Cr.
ROE12.8234.35
ROCE20.9228.57
Debt/Equity1.940.48
EPS₹5.46₹9.53
RoNW13.7029.32

Shares Offered

In the Mangalam Alloys IPO Retail Individual Investors (RII) are offered 32,60,800 shares while in Saakshi Medtech IPO retail investors are offered 32,60,800 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Mangalam Alloys IPO and 8,84,400 shares in Saakshi Medtech IPO.

 Mangalam Alloys IPOSaakshi Medtech IPO
Anchor Investor Reservation0 shares13,24,800 shares
Market Maker Reservation3,44,000 shares2,35,200 shares
QIB0 shares8,84,400 shares
NII32,59,200 shares6,63,600 shares
RII32,60,800 shares15,48,000 shares
Employee0 shares
Total65,20,000 shares44,20,800 shares

Bids Received (Subscription)

Mangalam Alloys IPO subscribed 5.57x in total, whereas Saakshi Medtech IPO subscribed 64.18x.

 Mangalam Alloys IPOSaakshi Medtech IPO
QIB (times)37.35x
NII (times)2.41x200.78x
RII (times)8.73x75.88x
Total (times)5.57x64.18x

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Compare:

Mangalam Alloys IPO Vs Saakshi Medtech IPO