Mangal Compusolution IPO vs United Heat Transfer IPO

Comparision between Mangal Compusolution IPO and United Heat Transfer IPO.

IPO Details

Mangal Compusolution IPO is a SME Book Built Issue IPO proposed to list at BSE SME while United Heat Transfer IPO is a SME Book Built Issue proposed to list at NSE SME.

	Mangal Compusolution IPO	United Heat Transfer 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	Swastika Investmart Ltd
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
Market Maker	Rikhav Securities Limited	Swastika Investmart Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
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 United Heat Transfer IPO is up to ₹30.00 Cr. The final issue price of Mangal Compusolution IPO is ₹45.00 per share and of United Heat Transfer IPO is ₹59.00 per share.

	Mangal Compusolution IPO	United Heat Transfer IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹56.00 per share
Issue Price (Upper)		₹59.00 per share
Issue Price (Final)	₹45.00 per share	₹59.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	2000 shares
Fresh Issue Size	36,06,000 shares	50,84,000 shares
Fresh Issue Size (Amount)	up to ₹16.23 Cr	up to ₹30.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	36,06,000 shares	50,84,000 shares
Issue Size Total (Amount)	up to ₹16.23 Cr	up to ₹30.00 Cr

IPO Timetable

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

	Mangal Compusolution IPO	United Heat Transfer 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 20, 2024	Oct 29, 2024
Anchor Lockin End date 1		Nov 23, 2024
Anchor Lockin End date 2		Jan 22, 2025

Financials

Mangal Compusolution IPO P/E ratio is 11.66, as compared to United Heat Transfer IPO P/E ratio of 13.16.

Mangal Compusolution IPO

United Heat Transfer 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

United Heat Transfer Limited Financial Information (Restated)

United Heat Transfer Limited's revenue decreased by -9% and profit after tax (PAT) rose by 195% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Jul 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	7,230.03	7,046.67	6,481.52	6,262.36
Revenue	2,120.01	6,409.55	7,040.15	4,796.11
Profit After Tax	242.53	623.85	211.54	152.67
Net Worth	2,865.24	2,037.71	1,413.86	1,202.32
Reserves and Surplus	1,473.24	762.71	988.86	777.32
Total Borrowing	3,202.13	3,692.18	3,295.18	3,761.47
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

91.59%

Promoter Shareholding (Post-Issue)

73.50%

67.09%

P/E Ratio

11.66

13.16

Market Cap

₹61.23 Cr.

₹112.12 Cr.

ROE

3.97%%

8.46%%

ROCE

2.05%%

10.79%%

Debt/Equity

0.9

1.12

EPS

₹3.86

₹4.48

RoNW

15.56%%

8.46%%

Shares Offered

In the Mangal Compusolution IPO retail investors (RII) are offered 17,10,000 shares while in United Heat Transfer IPO retail investors are offered 17,10,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Mangal Compusolution IPO and 9,74,000 shares in United Heat Transfer IPO.

	Mangal Compusolution IPO	United Heat Transfer IPO
Anchor Investor Reserveration		14,34,000 shares
Market Maker Reserveration	1,86,000 shares	2,56,000 shares
QIB	0 shares	9,74,000 shares
NII	17,10,000 shares	7,28,000 shares
RII	17,10,000 shares	16,92,000 shares
Employee	0 shares	0 shares
Others
Total	34,20,001 shares	33,94,000 shares

Bids Received (Subscription)

Mangal Compusolution IPO subscribed 4.94x in total, whereas United Heat Transfer IPO subscribed 83.70x.

	Mangal Compusolution IPO	United Heat Transfer IPO
QIB (times)		26.56x
NII (times)	1.40x	124.72x
Big NII (times)
Small NII (times)
RII (times)	8.47x	98.93x
Employee (times)
Other (times)
Total (times)	4.94x	83.70x

Compare with others

Mangal Compusolution IPO	United Heat Transfer IPO
Nisus Finance Services IPO	Onyx Biotec IPO
Onyx Biotec IPO	Mangal Compusolution IPO
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Neelam Linens and Garments IPO	Neelam Linens and Garments IPO
OBSC Perfection IPO	OBSC Perfection IPO
United Heat Transfer IPO	Danish Power IPO
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