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Manglam Infra And Engineering IPO vs RNFI Services IPO

Comparision between Manglam Infra And Engineering IPO and RNFI Services IPO.

IPO Details

Manglam Infra And Engineering IPO is a SME Book Built Issue IPO proposed to list at NSE SME while RNFI Services IPO is a SME Book Built Issue proposed to list at NSE SME.

  Manglam Infra And Engineering IPO RNFI Services IPO
Logo Manglam Infra And Engineering IPO Logo RNFI Services IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Book Built Issue
Listing At NSE SME NSE SME
Lead Managers Unistone Capital Pvt Ltd Choice Capital Advisors Pvt Ltd
Registrar Bigshare Services Pvt Ltd Skyline Financial Services Private Ltd
Market Maker Giriraj Stock Broking Private Limited Choice Equity Broking Private Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Manglam Infra And Engineering IPO is up to ₹27.62 Cr whereas the issue size of the RNFI Services IPO is up to ₹70.81 Cr. The final issue price of Manglam Infra And Engineering IPO is ₹56.00 per share and of RNFI Services IPO is ₹105.00 per share.

  Manglam Infra And Engineering IPO RNFI Services IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹53.00 per share ₹98.00 per share
Issue Price (Upper) ₹56.00 per share ₹105.00 per share
Issue Price (Final) ₹56.00 per share ₹105.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 1200 shares
Fresh Issue Size 49,32,000 shares 67,44,000 shares
Fresh Issue Size (Amount) up to ₹27.62 Cr up to ₹70.81 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 49,32,000 shares 67,44,000 shares
Issue Size Total (Amount) up to ₹27.62 Cr up to ₹70.81 Cr

IPO Timetable

Manglam Infra And Engineering IPO opens on Jul 24, 2024, while RNFI Services IPO opens on Jul 22, 2024. The closing date of Manglam Infra And Engineering IPO and RNFI Services IPO is Jul 26, 2024, and Jul 24, 2024, respectively.

  Manglam Infra And Engineering IPO RNFI Services IPO
Anchor Bid Date Jul 23, 2024 Jul 19, 2024
Issue Open Jul 24, 2024 Jul 22, 2024
Issue Close Jul 26, 2024 Jul 24, 2024
Basis Of Allotment (Tentative) Jul 29, 2024 Jul 25, 2024
Initiation of Refunds (Tentative) Jul 30, 2024 Jul 26, 2024
Credit of Share (Tentative) Jul 30, 2024 Jul 26, 2024
Listing date (Tentative) Jul 31, 2024 Jul 29, 2024
Anchor Lockin End date 1 Aug 28, 2024 Aug 24, 2024
Anchor Lockin End date 2 Oct 27, 2024 Oct 23, 2024

Financials

Manglam Infra And Engineering IPO P/E ratio is 10.49, as compared to RNFI Services IPO P/E ratio of 19.19.

  Manglam Infra And Engineering IPO RNFI Services IPO
Financial

Manglam Infra and Engineering Limited Financial Information (Restated)

Manglam Infra and Engineering Limited's revenue increased by 16.46% and profit after tax (PAT) rose by 22.06% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets3,318.232,104.131,673.32
Revenue4,050.793,478.142,678.36
Profit After Tax676.41554.16332.96
Net Worth1,710.201,025.95778.69
Reserves and Surplus443.73
Total Borrowing447.31225.91186.91
Amount in ₹ Lakhs

RNFI Services Limited Financial Information (Restated Consolidated)

RNFI Services Limited's revenue decreased by -11.81% and profit after tax (PAT) rose by 103.82% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets19,051.3812,526.7111,661.34
Revenue94,305.10106,939.6219,079.93
Profit After Tax996.07488.71555.03
Net Worth3,159.902,041.641,330.24
Reserves and Surplus1,350.862,043.471,332.07
Total Borrowing3,638.872,118.751,264.05
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 89.53%
Promoter Shareholding (Post-Issue)
P/E Ratio 10.49 19.19
Market Cap ₹98.54 Cr. ₹262.00 Cr.
ROE 49.44%%
ROCE 44.95%% 29.74%%
Debt/Equity 0.26 1.02
EPS ₹5.34 ₹5.47
RoNW 49.44%% 40.92%%

Shares Offered

In the Manglam Infra And Engineering IPO retail investors (RII) are offered 15,44,000 shares while in RNFI Services IPO retail investors are offered 15,44,000 shares. Qualified institutional buyers (QIB) are offered 8,82,000 shares in Manglam Infra And Engineering IPO and 12,72,000 shares in RNFI Services IPO.

  Manglam Infra And Engineering IPO RNFI Services IPO
Anchor Investor Reserveration 13,22,000 shares 19,08,000 shares
Market Maker Reserveration 5,24,000 shares 3,84,000 shares
QIB 8,82,000 shares 12,72,000 shares
NII 6,60,000 shares 9,54,000 shares
RII 15,44,000 shares 22,26,000 shares
Employee 0 shares 0 shares
Others
Total 30,86,000 shares 44,52,000 shares

Bids Received (Subscription)

Manglam Infra And Engineering IPO subscribed 394.42x in total, whereas RNFI Services IPO subscribed 221.49x.

  Manglam Infra And Engineering IPO RNFI Services IPO
QIB (times) 163.04x 140.66x
NII (times) 756.73x 513.31x
Big NII (times)
Small NII (times)
RII (times) 371.72x 142.62x
Employee (times)
Other (times)
Total (times) 394.42x 221.49x

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