Mangalam Alloys IPO vs Saakshi Medtech and Panels IPO

Comparision between Mangalam Alloys IPO and Saakshi Medtech and Panels IPO.

IPO Details

Mangalam Alloys IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Saakshi Medtech and Panels IPO is a SME Book Built Issue proposed to list at NSE SME.

	Mangalam Alloys IPO	Saakshi Medtech and Panels IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Expert Global Consultants Private Limited	Hem Securities Limited
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Rikhav Securities Limited	Hem Finlease Private 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 Mangalam Alloys IPO is up to ₹54.91 Cr whereas the issue size of the Saakshi Medtech and Panels IPO is up to ₹45.16 Cr. The final issue price of Mangalam Alloys IPO is ₹80.00 per share and of Saakshi Medtech and Panels IPO is ₹97.00 per share.

	Mangalam Alloys IPO	Saakshi Medtech and Panels 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)
Discount (Employee)
Market Lot Size	1600 shares	1200 shares
Fresh Issue Size	61,26,400 shares	46,56,000 shares
Fresh Issue Size (Amount)	up to ₹49.01 Cr	up to ₹45.16 Cr
OFS Issue Size	7,37,600 shares
OFS Issue Size (Amount)	up to ₹5.90 Cr
Issue Size Total	68,64,000 shares	46,56,000 shares
Issue Size Total (Amount)	up to ₹54.91 Cr	up to ₹45.16 Cr

IPO Timetable

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

	Mangalam Alloys IPO	Saakshi Medtech and Panels IPO
Anchor Bid Date		Sep 22, 2023
Issue Open	Sep 21, 2023	Sep 25, 2023
Issue Close	Sep 25, 2023	Sep 27, 2023
Basis Of Allotment (Tentative)	Sep 02, 2023	Oct 03, 2023
Initiation of Refunds (Tentative)	Oct 02, 2023	Oct 04, 2023
Credit of Share (Tentative)	Oct 03, 2023	Oct 05, 2023
Listing date (Tentative)	Oct 04, 2023	Oct 03, 2023
Anchor Lockin End date 1	Oct 02, 2023	Nov 02, 2023
Anchor Lockin End date 2	Dec 01, 2023	Jan 01, 2024

Financials

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

Mangalam Alloys IPO

Saakshi Medtech and Panels 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

Saakshi Medtech and Panels IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	5,591.50	6,521.91	9,324.22
Revenue	6,022.17	9,169.35	12,220.19
Profit After Tax	220.08	937.59	1,238.30
Net Worth	2,048.17	2,985.77	4,224.07
Reserves and Surplus	1,788.17	2,725.77	3,964.07
Total Borrowing	2,199.44	1,635.78	2,007.45

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

81.17%

100.00%

Promoter Shareholding (Post-Issue)

59.74%

73.63%

P/E Ratio

14.65

10.18

Market Cap

₹197.49 Cr.

₹171.26 Cr.

ROE

12.82%

34.35%%

ROCE

20.92%

28.57%%

Debt/Equity

1.94

0.48

EPS

₹5.46

₹9.53

RoNW

13.70%%

29.32%%

Shares Offered

In the Mangalam Alloys IPO retail investors (RII) are offered 32,60,800 shares while in Saakshi Medtech and Panels 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 and Panels IPO.

	Mangalam Alloys IPO	Saakshi Medtech and Panels IPO
Anchor Investor Reserveration		13,24,800 shares
Market Maker Reserveration	3,44,000 shares	2,35,200 shares
QIB	0 shares	8,84,400 shares
NII	32,59,200 shares	6,63,600 shares
RII	32,60,800 shares	15,48,000 shares
Employee	0 shares	0 shares
Others
Total	65,20,000 shares	30,96,000 shares

Bids Received (Subscription)

Mangalam Alloys IPO subscribed 5.57x in total, whereas Saakshi Medtech and Panels IPO subscribed 91.65x.

	Mangalam Alloys IPO	Saakshi Medtech and Panels IPO
QIB (times)		37.35x
NII (times)	2.41x	200.78x
Big NII (times)
Small NII (times)
RII (times)	8.73x	75.88x
Employee (times)
Other (times)
Total (times)	5.57x	91.65x

Compare with others

Mangalam Alloys IPO	Saakshi Medtech and Panels IPO
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Hi-Green Carbon IPO	Marco Cables & Conductors IPO
Kody Technolab IPO	Mangalam Alloys IPO
Holmarc Opto-Mechatronics IPO	Master Components IPO

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