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Mangalam Alloys IPO vs Sunita Tools IPO

Comparision between Mangalam Alloys IPO and Sunita Tools IPO.

IPO Details

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

  Mangalam Alloys IPO Sunita Tools IPO
Logo Mangalam Alloys IPO Logo Sunita Tools IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At NSE SME BSE SME
Lead Managers Expert Global Consultants Private Limited Aryaman Financial Services Limited
Registrar Skyline Financial Services Private Ltd Kfin Technologies Limited
Market Maker Rikhav Securities Limited Ss Corporate Securities Limited
DRHP DRHP DRHP
RHP RHP RHP
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 Sunita Tools IPO is up to ₹22.04 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 IPO Sunita Tools IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹80.00 per share ₹145.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1600 shares 1000 shares
Fresh Issue Size 61,26,400 shares 13,20,000 shares
Fresh Issue Size (Amount) up to ₹49.01 Cr up to ₹19.14 Cr
OFS Issue Size 7,37,600 shares 2,00,000 shares
OFS Issue Size (Amount) up to ₹5.90 Cr up to ₹2.90 Cr
Issue Size Total 68,64,000 shares 15,20,000 shares
Issue Size Total (Amount) up to ₹54.91 Cr up to ₹22.04 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 IPO Sunita Tools IPO
Anchor Bid Date
Issue Open Sep 21, 2023 Sep 26, 2023
Issue Close Sep 25, 2023 Oct 03, 2023
Basis Of Allotment (Tentative) Sep 02, 2023 Oct 04, 2023
Initiation of Refunds (Tentative) Oct 02, 2023 Oct 05, 2023
Credit of Share (Tentative) Oct 03, 2023 Oct 06, 2023
Listing date (Tentative) Oct 04, 2023 Oct 11, 2023
Anchor Lockin End date 1 Oct 02, 2023 Nov 03, 2023
Anchor Lockin End date 2 Dec 01, 2023 Jan 02, 2024

Financials

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

  Mangalam Alloys IPO Sunita Tools 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
Sunita Tools IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets1,351.821,422.662,537.71
Revenue691.50888.881,417.33
Profit After Tax26.6680.99337.71
Net Worth-348.02-267.02320.69
Reserves and Surplus-528.52-447.52-109.81
Total Borrowing1,334.631,249.161,659.96
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 81.17% 100.00%
Promoter Shareholding (Post-Issue) 59.74% 72.97%
P/E Ratio 14.65 16.88
Market Cap ₹197.49 Cr. ₹81.56 Cr.
ROE 12.82% 12.59%
ROCE 20.92% 0.38%
Debt/Equity 1.94 5.17
EPS ₹5.46 ₹13.96
RoNW 13.70%% 105.31%%

Shares Offered

In the Mangalam Alloys IPO retail 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 IPO Sunita Tools IPO
Anchor Investor Reserveration
Market Maker Reserveration 3,44,000 shares 78,000 shares
QIB 0 shares 0 shares
NII 32,59,200 shares 7,21,000 shares
RII 32,60,800 shares 7,21,000 shares
Employee 0 shares 0 shares
Others
Total 65,20,000 shares 14,42,000 shares

Bids Received (Subscription)

Mangalam Alloys IPO subscribed 5.57x in total, whereas Sunita Tools IPO subscribed 13.24x.

  Mangalam Alloys IPO Sunita Tools IPO
QIB (times)
NII (times) 2.41x 5.27x
Big NII (times)
Small NII (times)
RII (times) 8.73x 21.10x
Employee (times)
Other (times)
Total (times) 5.57x 13.24x

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