Emmforce Autotech IPO vs Mandeep Auto Industries IPO

Comparision between Emmforce Autotech IPO and Mandeep Auto Industries IPO.

IPO Details

Emmforce Autotech 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.

	Emmforce Autotech 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	Beeline Capital Advisors Pvt Ltd	Jawa Capital Services Private Limited
Registrar	Link Intime India Private Ltd	Cameo Corporate Services Limited
Market Maker	Spread X Securities 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 Emmforce Autotech IPO is up to ₹53.90 Cr whereas the issue size of the Mandeep Auto Industries IPO is up to ₹25.25 Cr. The final issue price of Emmforce Autotech IPO is ₹98.00 per share and of Mandeep Auto Industries IPO is ₹67.00 per share.

	Emmforce Autotech IPO	Mandeep Auto Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹93.00 per share
Issue Price (Upper)	₹98.00 per share
Issue Price (Final)	₹98.00 per share	₹67.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	2000 shares
Fresh Issue Size	54,99,600 shares	37,68,000 shares
Fresh Issue Size (Amount)	up to ₹53.90 Cr	up to ₹25.25 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	54,99,600 shares	37,68,000 shares
Issue Size Total (Amount)	up to ₹53.90 Cr	up to ₹25.25 Cr

IPO Timetable

Emmforce Autotech IPO opens on Apr 23, 2024, while Mandeep Auto Industries IPO opens on May 13, 2024. The closing date of Emmforce Autotech IPO and Mandeep Auto Industries IPO is Apr 25, 2024, and May 15, 2024, respectively.

	Emmforce Autotech IPO	Mandeep Auto Industries IPO
Anchor Bid Date	Apr 22, 2024
Issue Open	Apr 23, 2024	May 13, 2024
Issue Close	Apr 25, 2024	May 15, 2024
Basis Of Allotment (Tentative)	Apr 26, 2024	May 16, 2024
Initiation of Refunds (Tentative)	Apr 29, 2024	May 17, 2024
Credit of Share (Tentative)	Apr 29, 2024	May 17, 2024
Listing date (Tentative)	Apr 30, 2024	May 21, 2024
Anchor Lockin End date 1	May 26, 2024
Anchor Lockin End date 2	Jul 25, 2024

Financials

Emmforce Autotech IPO P/E ratio is 33.5, as compared to Mandeep Auto Industries IPO P/E ratio of 10.15.

Emmforce Autotech IPO

Mandeep Auto Industries IPO

Financial

Emmforce Autotech Limited Financial Information (Restated)

Emmforce Autotech Limited's revenue decreased by -31.7% and profit after tax (PAT) dropped by -40.1% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Oct 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	5,597.13	4,895.40	5,257.36	3,384.41
Revenue	4,790.31	4,875.32	7,138.13	5,185.32
Profit After Tax	511.78	438.85	732.58	508.91
Net Worth	1,500.00	2,344.95	2,129.09	1,524.82
Reserves and Surplus	43.72
Total Borrowing	2,404.25	1,535.43	1,651.09	501.70
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)

100.00%

99.97%

Promoter Shareholding (Post-Issue)

73.17%

63.53%

P/E Ratio

33.5

10.15

Market Cap

₹200.90 Cr.

₹69.26 Cr.

ROE

30.15%%

ROCE

27.94%%

Debt/Equity

EPS

₹2.93

₹6.60

RoNW

2.83%

25.97%%

Shares Offered

In the Emmforce Autotech IPO retail investors (RII) are offered 18,28,800 shares while in Mandeep Auto Industries IPO retail investors are offered 18,28,800 shares. Qualified institutional buyers (QIB) are offered 10,45,200 shares in Emmforce Autotech IPO and 0 shares in Mandeep Auto Industries IPO.

	Emmforce Autotech IPO	Mandeep Auto Industries IPO
Anchor Investor Reserveration	15,66,000 shares
Market Maker Reserveration	2,76,000 shares	1,90,000 shares
QIB	10,45,200 shares	0 shares
NII	7,83,600 shares	17,89,000 shares
RII	18,28,800 shares	17,89,000 shares
Employee	0 shares	0 shares
Others
Total	36,57,600 shares	35,78,000 shares

Bids Received (Subscription)

Emmforce Autotech IPO subscribed 364.37x in total, whereas Mandeep Auto Industries IPO subscribed 77.23x.

	Emmforce Autotech IPO	Mandeep Auto Industries IPO
QIB (times)	160.58x
NII (times)	861.98x	61.54x
Big NII (times)
Small NII (times)
RII (times)	267.62x	90.57x
Employee (times)
Other (times)
Total (times)	364.37x	77.23x

Compare with others

Emmforce Autotech IPO	Mandeep Auto Industries IPO
Mandeep Auto Industries IPO	Winsol Engineers IPO
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Shivam Chemicals IPO	Sai Swami Metals and Alloys IPO
Varyaa Creations IPO	Amkay Products IPO
Faalcon Concepts IPO	Storage Technologies Racks and Rollers IPO
Birdy's IPO	ABS Marine Services IPO
Greenhitech Ventures IPO	Shivam Chemicals IPO
Finelistings Technologies IPO	Varyaa Creations IPO
Ramdevbaba Solvent IPO	Faalcon Concepts IPO
Teerth Gopicon IPO	Emmforce Autotech IPO

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