Goblin IPO vs Mangalam Global IPO

Comparision between Goblin IPO and Mangalam Global IPO.

IPO Details

Goblin IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Mangalam Global IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Goblin IPO	Mangalam Global 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	Fast Track Finsec Pvt Ltd	Pantomath Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private Ltd
Market Maker
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 Goblin IPO is up to ₹15.20 Cr whereas the issue size of the Mangalam Global IPO is up to ₹21.57 Cr. The final issue price of Goblin IPO is ₹52.00 per share and of Mangalam Global IPO is ₹51.00 per share.

	Goblin IPO	Mangalam Global IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹51.00 per share
Issue Price (Upper)	₹52.00 per share
Issue Price (Final)	₹52.00 per share	₹51.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size		42,30,000 shares
Fresh Issue Size (Amount)		up to ₹21.57 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	29,24,000 shares	42,30,000 shares
Issue Size Total (Amount)	up to ₹15.20 Cr	up to ₹21.57 Cr

IPO Timetable

Goblin IPO opens on Sep 30, 2019, while Mangalam Global IPO opens on Nov 15, 2019. The closing date of Goblin IPO and Mangalam Global IPO is Oct 04, 2019, and Nov 20, 2019, respectively.

	Goblin IPO	Mangalam Global IPO
Anchor Bid Date
Issue Open	Sep 30, 2019	Nov 15, 2019
Issue Close	Oct 04, 2019	Nov 20, 2019
Basis Of Allotment (Tentative)	Oct 10, 2019	Nov 25, 2019
Initiation of Refunds (Tentative)	Oct 14, 2019	Nov 26, 2019
Credit of Share (Tentative)	Oct 14, 2019	Nov 27, 2019
Listing date (Tentative)	Oct 15, 2019	Nov 27, 2019
Anchor Lockin End date 1	Nov 09, 2019	Dec 25, 2019
Anchor Lockin End date 2	Jan 08, 2020	Feb 23, 2020

Financials

Goblin IPO P/E ratio is , as compared to Mangalam Global IPO P/E ratio of .

Goblin IPO

Mangalam Global IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	3,680.24	3,328.30	2,283.23
Total Revenue	6,848.65	6,093.69	5,243.98
Profit After Tax	344.92	309.37	63.32

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	30-Jun-19	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	12,126.96	7,158.37	934.75	698.19
Total Revenue	14,649.93	38,995.21	2,689.83	268.71
Profit After Tax	99.60	244.95	25.89	9.41

Promoter Shareholding (Pre-Issue)

73.38%

96.38%

Promoter Shareholding (Post-Issue)

52.83%

70.99%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Goblin IPO retail investors (RII) are offered 13,88,000 shares while in Mangalam Global IPO retail investors are offered 13,88,000 shares. Qualified institutional buyers (QIB) are offered in Goblin IPO and in Mangalam Global IPO.

	Goblin IPO	Mangalam Global IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,48,000 shares	2,12,000 shares
QIB
NII	13,88,000 shares	20,09,000 shares
RII	13,88,000 shares	20,09,000 shares
Employee
Others
Total	27,76,000 shares	40,18,000 shares

Bids Received (Subscription)

Goblin IPO subscribed 1.37x in total, whereas Mangalam Global IPO subscribed 1.28x.

	Goblin IPO	Mangalam Global IPO
QIB (times)
NII (times)	1.87x	2.09x
Big NII (times)
Small NII (times)
RII (times)	0.87x	0.47x
Employee (times)
Other (times)
Total (times)	1.37x	1.28x

Compare with others

Goblin IPO	Mangalam Global IPO
DC Infotech IPO	Gian Lifecare IPO
Ascom Leasing IPO	Vaxtex Cotfab IPO
Mangalam Global IPO	Valencia IPO
Anuroop IPO	DC Infotech IPO
Sona Hi Sona IPO	Ascom Leasing IPO
Galactico IPO	Anuroop IPO
Misquita IPO	Sona Hi Sona IPO
Smiloshine IPO	Goblin IPO
Salasar Exteriors IPO	Galactico IPO
Transpact IPO	Misquita IPO

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