Mangalam Worldwide IPO vs Modis Navnirman IPO

Comparision between Mangalam Worldwide IPO and Modis Navnirman IPO.

IPO Details

Mangalam Worldwide IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Modis Navnirman IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Mangalam Worldwide IPO	Modis Navnirman IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Beeline Broking Ltd	Aryaman Financial Services Limited
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt 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 Mangalam Worldwide IPO is up to ₹65.58 Cr whereas the issue size of the Modis Navnirman IPO is up to ₹22.68 Cr. The final issue price of Mangalam Worldwide IPO is ₹101.00 per share and of Modis Navnirman IPO is ₹180.00 per share.

	Mangalam Worldwide IPO	Modis Navnirman IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹101.00 per share	₹180.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	800 shares
Fresh Issue Size	64,93,200 shares	12,60,000 shares
Fresh Issue Size (Amount)	up to ₹65.58 Cr	up to ₹22.68 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	64,93,200 shares	12,60,000 shares
Issue Size Total (Amount)	up to ₹65.58 Cr	up to ₹22.68 Cr

IPO Timetable

Mangalam Worldwide IPO opens on Jun 30, 2022, while Modis Navnirman IPO opens on Jun 23, 2022. The closing date of Mangalam Worldwide IPO and Modis Navnirman IPO is Jul 04, 2022, and Jun 28, 2022, respectively.

	Mangalam Worldwide IPO	Modis Navnirman IPO
Anchor Bid Date
Issue Open	Jun 30, 2022	Jun 23, 2022
Issue Close	Jul 04, 2022	Jun 28, 2022
Basis Of Allotment (Tentative)	Jul 07, 2022	Jul 01, 2022
Initiation of Refunds (Tentative)	Jul 08, 2022	Jul 04, 2022
Credit of Share (Tentative)	Jul 11, 2022	Jul 05, 2022
Listing date (Tentative)	Jul 11, 2022	Jul 06, 2022
Anchor Lockin End date 1	Aug 06, 2022	Jul 31, 2022
Anchor Lockin End date 2	Oct 05, 2022	Sep 29, 2022

Financials

Mangalam Worldwide IPO P/E ratio is 20.12, as compared to Modis Navnirman IPO P/E ratio of 57.32.

Mangalam Worldwide IPO

Modis Navnirman IPO

Financial

Mangalam Worldwide Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Reserves and Surplus
31-Mar-21	4740.15	30332.31	265.47	1270.44
31-Mar-22	12265.02	53347.96	1230.98	2746.82
Amount in ₹ Lakhs

Modi's Navnirman Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax
31-Mar-20	998.48	2195.46	139.78
31-Mar-21	735.21	1322.34	37.83
31-Mar-22	3098.29	1151.07	132.7
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

87.04%

99.98%

Promoter Shareholding (Post-Issue)

63.97%

70.20%

P/E Ratio

20.12

57.32

Market Cap

₹247.46 Cr.

₹76.14 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Mangalam Worldwide IPO retail investors (RII) are offered 30,84,000 shares while in Modis Navnirman IPO retail investors are offered 30,84,000 shares. Qualified institutional buyers (QIB) are offered in Mangalam Worldwide IPO and in Modis Navnirman IPO.

	Mangalam Worldwide IPO	Modis Navnirman IPO
Anchor Investor Reserveration
Market Maker Reserveration	3,25,200 shares	68,000 shares
QIB
NII	30,84,000 shares	5,96,000 shares
RII	30,84,000 shares	5,96,000 shares
Employee
Others
Total	61,68,000 shares	11,92,000 shares

Bids Received (Subscription)

Mangalam Worldwide IPO subscribed 1.33x in total, whereas Modis Navnirman IPO subscribed 1.99x.

	Mangalam Worldwide IPO	Modis Navnirman IPO
QIB (times)
NII (times)	2.20x	2.76x
Big NII (times)
Small NII (times)
RII (times)	0.46x	1.22x
Employee (times)
Other (times)
Total (times)	1.33x	1.99x

Compare with others

Mangalam Worldwide IPO	Modis Navnirman IPO
B Right Realestate IPO	Jayant Infratech IPO
Jayant Infratech IPO	SKP Bearing Industries IPO
SKP Bearing Industries IPO	Veerkrupa Jewellers IPO
Veerkrupa Jewellers IPO	Sailani Tours N Travels IPO
Sailani Tours N Travels IPO	Mangalam Worldwide IPO
Modis Navnirman IPO	Pearl Green Clubs and Resorts IPO
Pearl Green Clubs and Resorts IPO	KCK Industries IPO
KCK Industries IPO	Goel Food Products IPO
Goel Food Products IPO	Scarnose International IPO
Scarnose International IPO	Silver Pearl Hospitality IPO

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