Mangalam Alloys IPO vs Techknowgreen Solutions IPO

Comparison between Mangalam Alloys IPO and Techknowgreen Solutions IPO.

IPO Details

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

Issue Size and Price

The total issue size of Mangalam Alloys IPO is up to ₹52.16 Cr whereas the issue size of the Techknowgreen Solutions IPO is up to ₹15.88 Cr. The final issue price of Mangalam Alloys IPO is ₹80.00 per share and of Techknowgreen Solutions IPO is ₹86.00 per share.

 Mangalam Alloys IPOTechknowgreen Solutions IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹80.00 per share₹86.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1600 shares1600 shares
Fresh Issue Size57,82,400 shares18,46,400 shares
Fresh Issue Size (Amount)up to ₹46.26 Crup to ₹15.88 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 shares18,46,400 shares
Issue Size Total (Amount)up to ₹52.16 Crup to ₹15.88 Cr

IPO Timetable

Mangalam Alloys IPO opens on Sep 21, 2023, while Techknowgreen Solutions IPO opens on Sep 18, 2023. The closing date of Mangalam Alloys IPO and Techknowgreen Solutions IPO is Sep 25, 2023, and Sep 21, 2023, respectively.

 Mangalam Alloys IPOTechknowgreen Solutions IPO
Issue OpenSep 21, 2023Sep 18, 2023
Issue CloseSep 25, 2023Sep 21, 2023
Basis Of Allotment (Tentative)Sep 02, 2023Sep 26, 2023
Initiation of Refunds (Tentative)Oct 02, 2023Sep 27, 2023
Credit of Share (Tentative)Oct 03, 2023Sep 28, 2023
Listing date (Tentative)Oct 04, 2023Sep 27, 2023

Financials & KPIs

Mangalam Alloys IPO P/E ratio is 14.65, as compared to Techknowgreen Solutions IPO P/E ratio of 9.71.

 Mangalam Alloys IPOTechknowgreen Solutions 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
Assets12.379.5411.82
Total Income14.869.997.85
Profit After Tax4.511.080.37
NET Worth6.343.562.96
Reserves and Surplus1.24-1.54-2.13
Total Borrowing2.872.864.51
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)81.17%89.02%
Promoter Shareholding (Post-Issue)59.74%65.58%
P/E Ratio14.659.71
Market Cap₹197.49 Cr.₹63.49 Cr.
ROE12.8288.57
ROCE20.9298.74
Debt/Equity1.940.45
EPS₹5.46₹8.86
RoNW13.7071.24

Shares Offered

In the Mangalam Alloys IPO Retail Individual Investors (RII) are offered 32,60,800 shares while in Techknowgreen Solutions IPO retail investors are offered 32,60,800 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Mangalam Alloys IPO and in Techknowgreen Solutions IPO.

 Mangalam Alloys IPOTechknowgreen Solutions IPO
Anchor Investor Reservation0 shares
Market Maker Reservation3,44,000 shares97,600 shares
QIB0 shares
NII32,59,200 shares9,23,200 shares
RII32,60,800 shares9,23,200 shares
Employee0 shares
Total65,20,000 shares18,46,400 shares

Bids Received (Subscription)

Mangalam Alloys IPO subscribed 5.57x in total, whereas Techknowgreen Solutions IPO subscribed 12.45x.

 Mangalam Alloys IPOTechknowgreen Solutions IPO
NII (times)2.41x9.08x
RII (times)8.73x15.82x
Total (times)5.57x12.45x

Compare with others

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Mangalam Alloys IPO Vs Techknowgreen Solutions IPO