Amkay Products IPO vs Mandeep Auto Industries IPO

Comparision between Amkay Products IPO and Mandeep Auto Industries IPO.

IPO Details

Amkay Products IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Mandeep Auto Industries IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Amkay Products IPO	Mandeep Auto Industries IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Hem Securities Limited	Jawa Capital Services Private Limited
Registrar	Bigshare Services Pvt Ltd	Cameo Corporate Services Limited
Market Maker	Hem Finlease Private Limited	Aftertrade Broking Pvt Ltd
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 Amkay Products IPO is up to ₹12.61 Cr whereas the issue size of the Mandeep Auto Industries IPO is up to ₹25.25 Cr. The final issue price of Amkay Products IPO is ₹55.00 per share and of Mandeep Auto Industries IPO is ₹67.00 per share.

	Amkay Products IPO	Mandeep Auto Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹52.00 per share
Issue Price (Upper)	₹55.00 per share
Issue Price (Final)	₹55.00 per share	₹67.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	22,92,000 shares	37,68,000 shares
Fresh Issue Size (Amount)	up to ₹12.61 Cr	up to ₹25.25 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	22,92,000 shares	37,68,000 shares
Issue Size Total (Amount)	up to ₹12.61 Cr	up to ₹25.25 Cr

IPO Timetable

Amkay Products IPO opens on Apr 30, 2024, while Mandeep Auto Industries IPO opens on May 13, 2024. The closing date of Amkay Products IPO and Mandeep Auto Industries IPO is May 03, 2024, and May 15, 2024, respectively.

	Amkay Products IPO	Mandeep Auto Industries IPO
Anchor Bid Date	Apr 29, 2024
Issue Open	Apr 30, 2024	May 13, 2024
Issue Close	May 03, 2024	May 15, 2024
Basis Of Allotment (Tentative)	May 06, 2024	May 16, 2024
Initiation of Refunds (Tentative)	May 07, 2024	May 17, 2024
Credit of Share (Tentative)	May 07, 2024	May 17, 2024
Listing date (Tentative)	May 08, 2024	May 21, 2024
Anchor Lockin End date 1	Jun 05, 2024
Anchor Lockin End date 2	Aug 04, 2024

Financials

Amkay Products IPO P/E ratio is 23.18, as compared to Mandeep Auto Industries IPO P/E ratio of 10.15.

Amkay Products IPO

Mandeep Auto Industries IPO

Financial

Amkay Products Limited Financial Information (Restated)

Amkay Products Limited's revenue decreased by -23.22% and profit after tax (PAT) rose by 2.94% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,887.52	1,563.77	1,580.64	1,393.47
Revenue	2,385.56	2,825.05	3,679.45	4,071.74
Profit After Tax	215.34	151.02	146.71	312.68
Net Worth	986.96	771.62	620.60	473.90
Reserves and Surplus	350.59	743.95	592.93	446.23
Total Borrowing	476.22	469.98	433.59	136.54
Amount in ₹ Lakhs

Mandeep Auto Industries Limited Financial Information (Restated Standalone)

Mandeep Auto Industries Limited's revenue increased by 36.03% and profit after tax (PAT) rose by 62.17% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,424.73	1,963.15	1,297.81	1,050.17
Revenue	1,656.76	2,978.74	2,189.73	1,563.49
Profit After Tax	214.93	104.91	64.69	49.81
Net Worth	820.80	453.54	413.61	280.42
Reserves and Surplus	163.81
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.89%

99.97%

Promoter Shareholding (Post-Issue)

73.44%

63.53%

P/E Ratio

23.18

10.15

Market Cap

₹47.61 Cr.

₹69.26 Cr.

ROE

24.49%%

30.15%%

ROCE

21.54%%

27.94%%

Debt/Equity

0.48

EPS

₹2.37

₹6.60

RoNW

21.82%%

25.97%%

Shares Offered

In the Amkay Products IPO retail investors (RII) are offered 7,62,000 shares while in Mandeep Auto Industries IPO retail investors are offered 7,62,000 shares. Qualified institutional buyers (QIB) are offered 4,34,000 shares in Amkay Products IPO and 0 shares in Mandeep Auto Industries IPO.

	Amkay Products IPO	Mandeep Auto Industries IPO
Anchor Investor Reserveration	6,50,000 shares
Market Maker Reserveration	1,20,000 shares	1,90,000 shares
QIB	4,34,000 shares	0 shares
NII	3,26,000 shares	17,89,000 shares
RII	7,62,000 shares	17,89,000 shares
Employee	0 shares	0 shares
Others
Total	15,22,000 shares	35,78,000 shares

Bids Received (Subscription)

Amkay Products IPO subscribed 748.03x in total, whereas Mandeep Auto Industries IPO subscribed 77.23x.

	Amkay Products IPO	Mandeep Auto Industries IPO
QIB (times)	173.04x
NII (times)	987.34x	61.54x
Big NII (times)
Small NII (times)
RII (times)	973.14x	90.57x
Employee (times)
Other (times)
Total (times)	748.03x	77.23x

Compare with others

Amkay Products IPO	Mandeep Auto Industries IPO
TGIF Agribusiness IPO	Winsol Engineers IPO
Refractory Shapes IPO	Slone Infosystems IPO
Winsol Engineers IPO	Sai Swami Metals and Alloys IPO
Slone Infosystems IPO	Amkay Products IPO
Sai Swami Metals and Alloys IPO	Storage Technologies Racks and Rollers IPO
Storage Technologies Racks and Rollers IPO	ABS Marine Services IPO
Mandeep Auto Industries IPO	Shivam Chemicals IPO
ABS Marine Services IPO	Varyaa Creations IPO
Shivam Chemicals IPO	Faalcon Concepts IPO
Varyaa Creations IPO	Emmforce Autotech IPO

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