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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 Mangalam Alloys IPO Logo 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 Ended31 Mar 202131 Mar 202231 Mar 2023
Assets31,210.8130,066.9633,201.81
Revenue27,190.6830,973.9430,817.92
Profit After Tax-653.69505.081,013.52
Net Worth6,390.376,895.357,903.11
Reserves and Surplus4,534.425,039.406,047.16
Total Borrowing16,769.6616,361.8115,353.27
Amount in ₹ Lakhs
Saakshi Medtech and Panels IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets5,591.506,521.919,324.22
Revenue6,022.179,169.3512,220.19
Profit After Tax220.08937.591,238.30
Net Worth2,048.172,985.774,224.07
Reserves and Surplus1,788.172,725.773,964.07
Total Borrowing2,199.441,635.782,007.45
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

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