Danish Power IPO vs Mangal Compusolution IPO

Comparision between Danish Power IPO and Mangal Compusolution IPO.

IPO Details

Danish Power IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Mangal Compusolution IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Danish Power IPO	Mangal Compusolution IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Hem Securities Limited	Jawa Capital Services Private Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Market Maker	Hem Finlease Private Limited	Rikhav Securities Limited
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 Danish Power IPO is up to ₹197.90 Cr whereas the issue size of the Mangal Compusolution IPO is up to ₹16.23 Cr. The final issue price of Danish Power IPO is ₹380.00 per share and of Mangal Compusolution IPO is ₹45.00 per share.

	Danish Power IPO	Mangal Compusolution IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹360.00 per share
Issue Price (Upper)	₹380.00 per share
Issue Price (Final)	₹380.00 per share	₹45.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	300 shares	3000 shares
Fresh Issue Size	52,08,000 shares	36,06,000 shares
Fresh Issue Size (Amount)	up to ₹197.90 Cr	up to ₹16.23 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	52,08,000 shares	36,06,000 shares
Issue Size Total (Amount)	up to ₹197.90 Cr	up to ₹16.23 Cr

IPO Timetable

Danish Power IPO opens on Oct 22, 2024, while Mangal Compusolution IPO opens on Nov 12, 2024. The closing date of Danish Power IPO and Mangal Compusolution IPO is Oct 24, 2024, and Nov 14, 2024, respectively.

	Danish Power IPO	Mangal Compusolution IPO
Anchor Bid Date	Oct 21, 2024
Issue Open	Oct 22, 2024	Nov 12, 2024
Issue Close	Oct 24, 2024	Nov 14, 2024
Basis Of Allotment (Tentative)	Oct 25, 2024	Nov 18, 2024
Initiation of Refunds (Tentative)	Oct 28, 2024	Nov 19, 2024
Credit of Share (Tentative)	Oct 28, 2024	Nov 19, 2024
Listing date (Tentative)	Oct 29, 2024	Nov 21, 2024
Anchor Lockin End date 1	Nov 24, 2024
Anchor Lockin End date 2	Jan 23, 2025

Financials

Danish Power IPO P/E ratio is 14.46, as compared to Mangal Compusolution IPO P/E ratio of 11.66.

Danish Power IPO

Mangal Compusolution IPO

Financial

Danish Power Limited Financial Information (Restated Consolidated)

Period Ended	30 Jun 2024	31 Mar 2024
Assets	20,639.09	15,977.95
Revenue	7,273.29	33,463.84
Profit After Tax	998.21	3,807.27
Net Worth	9,201.38	8,213.16
Reserves and Surplus	7,753.02	8,052.23
Total Borrowing	2,393.07	1,011.6
Amount in ₹ Lakhs

Mangal Compusolution Limited Financial Information (Restated)

Mangal Compusolution Limited's revenue decreased by -32.69% and profit after tax (PAT) dropped by -45.21% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	4,492.01	4,552.12	4,715.71	5,267.09
Revenue	453.44	2,344.42	3,483.18	1,848.78
Profit After Tax	80.97	385.80	704.09	86.62
Net Worth	2,080.88	1,999.90	1,614.10	910.00
Reserves and Surplus	1,080.88	999.90	1,414.10	710.00
Total Borrowing	1,862.75	2,041.21	2,652.30	3,434.12
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

100.00%

Promoter Shareholding (Post-Issue)

73.55%

73.50%

P/E Ratio

14.46

11.66

Market Cap

₹748.28 Cr.

₹61.23 Cr.

ROE

11.94%%

3.97%%

ROCE

12.30%%

2.05%%

Debt/Equity

0.27

0.9

EPS

₹26.29

₹3.86

RoNW

10.85%

15.56%%

Shares Offered

In the Danish Power IPO retail investors (RII) are offered 17,09,400 shares while in Mangal Compusolution IPO retail investors are offered 17,09,400 shares. Qualified institutional buyers (QIB) are offered 9,76,500 shares in Danish Power IPO and 0 shares in Mangal Compusolution IPO.

	Danish Power IPO	Mangal Compusolution IPO
Anchor Investor Reserveration	14,64,000 shares
Market Maker Reserveration	2,60,700 shares	1,86,000 shares
QIB	9,76,500 shares	0 shares
NII	7,32,900 shares	17,10,000 shares
RII	17,09,400 shares	17,10,000 shares
Employee	0 shares	0 shares
Others
Total	34,83,300 shares	34,20,001 shares

Bids Received (Subscription)

Danish Power IPO subscribed 126.65x in total, whereas Mangal Compusolution IPO subscribed 34.59x.

	Danish Power IPO	Mangal Compusolution IPO
QIB (times)	104.79x
NII (times)	275.92x	22.28x
Big NII (times)
Small NII (times)
RII (times)	79.88x	46.91x
Employee (times)
Other (times)
Total (times)	126.65x	34.59x

Compare with others

Danish Power IPO	Mangal Compusolution IPO
Mangal Compusolution IPO	Rajesh Power Services IPO
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Premium Plast IPO	Rosmerta Digital Services IPO
Usha Financial Services IPO	Neelam Linens and Garments IPO
Freshara Agro Exports IPO	OBSC Perfection IPO
Lakshya Powertech IPO	United Heat Transfer IPO
Pranik Logistics IPO	Danish Power IPO

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