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Mangalam Alloys IPO vs Sunita Tools IPO

Comparison between Mangalam Alloys IPO and Sunita Tools IPO.

IPO Details

Mangalam Alloys IPO is a SME Fixed Price IPO proposed to list at NSE SME while Sunita Tools IPO is a SME Fixed Price proposed to list at BSE SME.

 Mangalam Alloys IPOSunita Tools IPO
LogoMangalam Alloys IPO LogoSunita Tools IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersExpert Global Consultants Pvt.Ltd.Aryaman Financial Services Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerRikhav Securities Ltd.SS Corporate Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
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 Sunita Tools IPO is up to ₹20.91 Cr. The final issue price of Mangalam Alloys IPO is ₹80.00 per share and of Sunita Tools IPO is ₹145.00 per share.

 Mangalam Alloys IPOSunita Tools IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹80.00 per share₹145.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1600 shares1000 shares
Fresh Issue Size57,82,400 shares12,42,000 shares
Fresh Issue Size (Amount)up to ₹46.26 Crup to ₹18.01 Cr
OFS Issue Size7,37,600 shares2,00,000 shares
OFS Issue Size (Amount)up to ₹5.90 Crup to ₹2.90 Cr
Issue Size Total65,20,000 shares14,42,000 shares
Issue Size Total (Amount)up to ₹52.16 Crup to ₹20.91 Cr

IPO Timetable

Mangalam Alloys IPO opens on Sep 21, 2023, while Sunita Tools IPO opens on Sep 26, 2023. The closing date of Mangalam Alloys IPO and Sunita Tools IPO is Sep 25, 2023, and Oct 03, 2023, respectively.

 Mangalam Alloys IPOSunita Tools IPO
Issue OpenSep 21, 2023Sep 26, 2023
Issue CloseSep 25, 2023Oct 03, 2023
Basis Of Allotment (Tentative)Sep 02, 2023Oct 04, 2023
Initiation of Refunds (Tentative)Oct 02, 2023Oct 05, 2023
Credit of Share (Tentative)Oct 03, 2023Oct 06, 2023
Listing date (Tentative)Oct 04, 2023Oct 11, 2023

Financials & KPIs

Mangalam Alloys IPO P/E ratio is 14.65, as compared to Sunita Tools IPO P/E ratio of 16.88.

 Mangalam Alloys IPOSunita Tools 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
Assets25.3814.2313.52
Total Income14.178.896.92
Profit After Tax3.380.810.27
NET Worth3.21-2.67-3.48
Reserves and Surplus-1.10-4.48-5.29
Total Borrowing16.6012.4913.35
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)81.17%100%
Promoter Shareholding (Post-Issue)59.74%72.98%
P/E Ratio14.6516.88
Market Cap₹197.49 Cr.₹81.56 Cr.
ROE12.821259
ROCE20.9236.76
Debt/Equity1.945.17
EPS₹5.46₹13.96
RoNW13.70105.31

Shares Offered

In the Mangalam Alloys IPO Retail Individual Investors (RII) are offered 32,60,800 shares while in Sunita Tools 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 Sunita Tools IPO.

 Mangalam Alloys IPOSunita Tools IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation3,44,000 shares78,000 shares
QIB0 shares0 shares
NII32,59,200 shares7,21,000 shares
RII32,60,800 shares7,21,000 shares
Employee0 shares0 shares
Total65,20,000 shares14,42,000 shares

Bids Received (Subscription)

Mangalam Alloys IPO subscribed 5.57x in total, whereas Sunita Tools IPO subscribed 13.19x.

 Mangalam Alloys IPOSunita Tools IPO
NII (times)2.41x5.27x
RII (times)8.73x21.10x
Total (times)5.57x13.19x

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Mangalam Alloys IPOSunita Tools IPO
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Compare:

Mangalam Alloys IPO Vs Sunita Tools IPO