Mangalam Alloys IPO vs Sunita Tools IPO

Comparision between Mangalam Alloys IPO and Sunita Tools IPO.

IPO Details

Mangalam Alloys IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Sunita Tools IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Mangalam Alloys IPO	Sunita Tools 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	Expert Global Consultants Private Limited	Aryaman Financial Services Limited
Registrar	Skyline Financial Services Private Ltd	Kfin Technologies Limited
Market Maker	Rikhav Securities Limited	Ss Corporate Securities Limited
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 Alloys IPO is up to ₹54.91 Cr whereas the issue size of the Sunita Tools IPO is up to ₹22.04 Cr. The final issue price of Mangalam Alloys IPO is ₹80.00 per share and of Sunita Tools IPO is ₹145.00 per share.

	Mangalam Alloys IPO	Sunita Tools IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹80.00 per share	₹145.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1000 shares
Fresh Issue Size	61,26,400 shares	13,20,000 shares
Fresh Issue Size (Amount)	up to ₹49.01 Cr	up to ₹19.14 Cr
OFS Issue Size	7,37,600 shares	2,00,000 shares
OFS Issue Size (Amount)	up to ₹5.90 Cr	up to ₹2.90 Cr
Issue Size Total	68,64,000 shares	15,20,000 shares
Issue Size Total (Amount)	up to ₹54.91 Cr	up to ₹22.04 Cr

IPO Timetable

Mangalam Alloys IPO opens on Sep 21, 2023, while Sunita Tools IPO opens on Sep 26, 2023. The closing date of Mangalam Alloys IPO and Sunita Tools IPO is Sep 25, 2023, and Oct 03, 2023, respectively.

	Mangalam Alloys IPO	Sunita Tools IPO
Anchor Bid Date
Issue Open	Sep 21, 2023	Sep 26, 2023
Issue Close	Sep 25, 2023	Oct 03, 2023
Basis Of Allotment (Tentative)	Sep 02, 2023	Oct 04, 2023
Initiation of Refunds (Tentative)	Oct 02, 2023	Oct 05, 2023
Credit of Share (Tentative)	Oct 03, 2023	Oct 06, 2023
Listing date (Tentative)	Oct 04, 2023	Oct 11, 2023
Anchor Lockin End date 1	Oct 02, 2023	Nov 03, 2023
Anchor Lockin End date 2	Dec 01, 2023	Jan 02, 2024

Financials

Mangalam Alloys IPO P/E ratio is 14.65, as compared to Sunita Tools IPO P/E ratio of 16.88.

Mangalam Alloys IPO

Sunita Tools IPO

Financial

Mangalam Alloys IPO Financial Information (Restated Standalone)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	31,210.81	30,066.96	33,201.81
Revenue	27,190.68	30,973.94	30,817.92
Profit After Tax	-653.69	505.08	1,013.52
Net Worth	6,390.37	6,895.35	7,903.11
Reserves and Surplus	4,534.42	5,039.40	6,047.16
Total Borrowing	16,769.66	16,361.81	15,353.27

Amount in ₹ Lakhs

Sunita Tools IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	1,351.82	1,422.66	2,537.71
Revenue	691.50	888.88	1,417.33
Profit After Tax	26.66	80.99	337.71
Net Worth	-348.02	-267.02	320.69
Reserves and Surplus	-528.52	-447.52	-109.81
Total Borrowing	1,334.63	1,249.16	1,659.96

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

81.17%

100.00%

Promoter Shareholding (Post-Issue)

59.74%

72.97%

P/E Ratio

14.65

16.88

Market Cap

₹197.49 Cr.

₹81.56 Cr.

ROE

12.82%

12.59%

ROCE

20.92%

0.38%

Debt/Equity

1.94

5.17

EPS

₹5.46

₹13.96

RoNW

13.70%%

105.31%%

Shares Offered

In the Mangalam Alloys IPO retail investors (RII) are offered 32,60,800 shares while in Sunita Tools IPO retail investors are offered 32,60,800 shares. Qualified institutional buyers (QIB) are offered 0 shares in Mangalam Alloys IPO and 0 shares in Sunita Tools IPO.

	Mangalam Alloys IPO	Sunita Tools IPO
Anchor Investor Reserveration
Market Maker Reserveration	3,44,000 shares	78,000 shares
QIB	0 shares	0 shares
NII	32,59,200 shares	7,21,000 shares
RII	32,60,800 shares	7,21,000 shares
Employee	0 shares	0 shares
Others
Total	65,20,000 shares	14,42,000 shares

Bids Received (Subscription)

Mangalam Alloys IPO subscribed 5.57x in total, whereas Sunita Tools IPO subscribed 13.24x.

	Mangalam Alloys IPO	Sunita Tools IPO
QIB (times)
NII (times)	2.41x	5.27x
Big NII (times)
Small NII (times)
RII (times)	8.73x	21.10x
Employee (times)
Other (times)
Total (times)	5.57x	13.24x

Compare with others

Mangalam Alloys IPO	Sunita Tools IPO
Goyal Salt IPO	Newjaisa Technologies IPO
Saakshi Medtech and Panels IPO	Inspire Films IPO
Organic Recycling Systems IPO	Goyal Salt IPO
Sunita Tools IPO	Saakshi Medtech and Panels IPO
Marco Cables & Conductors IPO	Organic Recycling Systems IPO
Master Components IPO	Marco Cables & Conductors IPO
Techknowgreen Solutions IPO	Mangalam Alloys IPO
Hi-Green Carbon IPO	Master Components IPO
Kody Technolab IPO	Techknowgreen Solutions IPO
Holmarc Opto-Mechatronics IPO	Hi-Green Carbon IPO

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