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Mangalam Alloys IPO vs Organic Recycling Systems IPO

Comparison between Mangalam Alloys IPO and Organic Recycling Systems IPO.

IPO Details

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

 Mangalam Alloys IPOOrganic Recycling Systems IPO
LogoMangalam Alloys IPO LogoOrganic Recycling Systems IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersExpert Global Consultants Pvt.Ltd.Arihant Capital Markets Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Maashitla Securities Pvt.Ltd.
Market MakerRikhav Securities Ltd.Arihant Capital Markets 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 Organic Recycling Systems IPO is up to ₹47.40 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 IPOOrganic Recycling Systems IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹80.00 per share₹200.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1600 shares600 shares
Fresh Issue Size57,82,400 shares23,70,000 shares
Fresh Issue Size (Amount)up to ₹46.26 Crup to ₹47.40 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 shares23,70,000 shares
Issue Size Total (Amount)up to ₹52.16 Crup to ₹47.40 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 IPOOrganic Recycling Systems IPO
Issue OpenSep 21, 2023Sep 21, 2023
Issue CloseSep 25, 2023Sep 26, 2023
Basis Of Allotment (Tentative)Sep 02, 2023Sep 29, 2023
Initiation of Refunds (Tentative)Oct 02, 2023Oct 03, 2023
Credit of Share (Tentative)Oct 03, 2023Oct 04, 2023
Listing date (Tentative)Oct 04, 2023Oct 06, 2023

Financials & KPIs

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

 Mangalam Alloys IPOOrganic Recycling Systems 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 Consolidated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets119.31106.69102.73
Total Income25.3417.5715.78
Profit After Tax3.65-5.35-4.49
NET Worth25.508.0913.44
Reserves and Surplus20.147.6312.98
Total Borrowing69.8154.1854.50
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)81.17%30.14%
Promoter Shareholding (Post-Issue)59.74%20.35%
P/E Ratio14.6525.54
Market Cap₹197.49 Cr.₹153.99 Cr.
ROE12.8221.76
ROCE20.9213.06
Debt/Equity1.942.70
EPS₹5.46₹7.83
RoNW13.7014.33

Shares Offered

In the Mangalam Alloys IPO Retail Individual 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 in Organic Recycling Systems IPO.

 Mangalam Alloys IPOOrganic Recycling Systems IPO
Anchor Investor Reservation0 shares
Market Maker Reservation3,44,000 shares1,30,200 shares
QIB0 shares
NII32,59,200 shares11,85,000 shares
RII32,60,800 shares11,85,000 shares
Employee0 shares
Total65,20,000 shares23,70,000 shares

Bids Received (Subscription)

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

 Mangalam Alloys IPOOrganic Recycling Systems IPO
NII (times)2.41x4.28x
RII (times)8.73x2.21x
Total (times)5.57x3.24x

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Compare:

Mangalam Alloys IPO Vs Organic Recycling Systems IPO