Mangal Compusolution IPO vs OBSC Perfection IPO

Comparision between Mangal Compusolution IPO and OBSC Perfection IPO.

IPO Details

Mangal Compusolution IPO is a SME Book Built Issue IPO proposed to list at BSE SME while OBSC Perfection IPO is a SME Book Built Issue proposed to list at NSE SME.

	Mangal Compusolution IPO	OBSC Perfection IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Jawa Capital Services Private Limited	Unistone Capital Pvt Ltd
Registrar	Kfin Technologies Limited	Bigshare Services Pvt Ltd
Market Maker	Rikhav Securities Limited	R.K.Stock Holding Private 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 Mangal Compusolution IPO is up to ₹16.23 Cr whereas the issue size of the OBSC Perfection IPO is up to ₹66.02 Cr. The final issue price of Mangal Compusolution IPO is ₹45.00 per share and of OBSC Perfection IPO is ₹100.00 per share.

	Mangal Compusolution IPO	OBSC Perfection IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹95.00 per share
Issue Price (Upper)		₹100.00 per share
Issue Price (Final)	₹45.00 per share	₹100.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1200 shares
Fresh Issue Size	36,06,000 shares	66,02,400 shares
Fresh Issue Size (Amount)	up to ₹16.23 Cr	up to ₹66.02 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	36,06,000 shares	66,02,400 shares
Issue Size Total (Amount)	up to ₹16.23 Cr	up to ₹66.02 Cr

IPO Timetable

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

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

Financials

Mangal Compusolution IPO P/E ratio is 11.66, as compared to OBSC Perfection IPO P/E ratio of 14.62.

Mangal Compusolution IPO

OBSC Perfection IPO

Financial

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

OBSC Perfection Limited Financial Information (Restated)

OBSC Perfection Limited's revenue increased by 20% and profit after tax (PAT) rose by 167% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Aug 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	11,066.37	8,650.59	6,916.01	4,847.48
Revenue	5,700.15	11,611.41	9,691.03	5,672.42
Profit After Tax	603.05	1,221.21	457.39	360.11
Net Worth	3,610.15	3,007.1	1,785.89	1,328.47
Reserves and Surplus	1,825.15	1,222.1	595.89	138.47
Total Borrowing	4,967.82	4,147.25	3,340.48	1,897.54
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

100%

Promoter Shareholding (Post-Issue)

73.50%

P/E Ratio

11.66

14.62

Market Cap

₹61.23 Cr.

₹244.52 Cr.

ROE

3.97%%

40.61%%

ROCE

2.05%%

31.49%%

Debt/Equity

0.9

1.38

EPS

₹3.86

₹6.84

RoNW

15.56%%

40.61%%

Shares Offered

In the Mangal Compusolution IPO retail investors (RII) are offered 17,10,000 shares while in OBSC Perfection IPO retail investors are offered 17,10,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Mangal Compusolution IPO and 12,55,200 shares in OBSC Perfection IPO.

	Mangal Compusolution IPO	OBSC Perfection IPO
Anchor Investor Reserveration		18,79,200 shares
Market Maker Reserveration	1,86,000 shares	3,33,600 shares
QIB	0 shares	12,55,200 shares
NII	17,10,000 shares	9,40,320 shares
RII	17,10,000 shares	21,94,080 shares
Employee	0 shares	0 shares
Others
Total	34,20,001 shares	43,89,600 shares

Bids Received (Subscription)

Mangal Compusolution IPO subscribed 34.59x in total, whereas OBSC Perfection IPO subscribed 16.56x.

	Mangal Compusolution IPO	OBSC Perfection IPO
QIB (times)		10.20x
NII (times)	22.28x	25.87x
Big NII (times)
Small NII (times)
RII (times)	46.91x	16.20x
Employee (times)
Other (times)
Total (times)	34.59x	16.56x

Compare with others

Mangal Compusolution IPO	OBSC Perfection IPO
Rajesh Power Services IPO	Nisus Finance Services IPO
C2C Advanced Systems IPO	Onyx Biotec IPO
Lamosaic India IPO	Mangal Compusolution IPO
Nisus Finance Services IPO	Rosmerta Digital Services IPO
Onyx Biotec IPO	Neelam Linens and Garments IPO
Rosmerta Digital Services IPO	United Heat Transfer IPO
Neelam Linens and Garments IPO	Danish Power IPO
OBSC Perfection IPO	Premium Plast IPO
United Heat Transfer IPO	Usha Financial Services IPO
Danish Power IPO	Freshara Agro Exports IPO

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