Amkay Products IPO vs Mandeep Auto Industries IPO

Comparison between Amkay Products IPO and Mandeep Auto Industries IPO.

IPO Details

Amkay Products IPO is a SME Fixed Price IPO proposed to list at BSE SME while Mandeep Auto Industries IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of Amkay Products IPO is up to ₹11.95 Cr whereas the issue size of the Mandeep Auto Industries IPO is up to ₹23.97 Cr. The final issue price of Amkay Products IPO is ₹55.00 per share and of Mandeep Auto Industries IPO is ₹67.00 per share.

 Amkay Products IPOMandeep Auto Industries IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹52.00 per share
Issue Price (Upper)₹55.00 per share
Issue Price (Final)₹55.00 per share₹67.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares2000 shares
Fresh Issue Size21,72,000 shares35,78,000 shares
Fresh Issue Size (Amount)up to ₹11.95 Crup to ₹23.97 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total21,72,000 shares35,78,000 shares
Issue Size Total (Amount)up to ₹11.95 Crup to ₹23.97 Cr

IPO Timetable

Amkay Products IPO opens on Apr 30, 2024, while Mandeep Auto Industries IPO opens on May 13, 2024. The closing date of Amkay Products IPO and Mandeep Auto Industries IPO is May 03, 2024, and May 15, 2024, respectively.

 Amkay Products IPOMandeep Auto Industries IPO
Anchor Bid DateApr 29, 2024
Issue OpenApr 30, 2024May 13, 2024
Issue CloseMay 03, 2024May 15, 2024
Basis Of Allotment (Tentative)May 06, 2024May 16, 2024
Initiation of Refunds (Tentative)May 07, 2024May 17, 2024
Credit of Share (Tentative)May 07, 2024May 17, 2024
Listing date (Tentative)May 08, 2024May 21, 2024
Anchor Lockin End date 1Jun 05, 2024
Anchor Lockin End date 2Aug 04, 2024

Financials & KPIs

Amkay Products IPO P/E ratio is 23.18, as compared to Mandeep Auto Industries IPO P/E ratio of 10.15.

 Amkay Products IPOMandeep Auto Industries IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets18.8815.6415.8113.93
Total Income23.8628.2536.7940.72
Profit After Tax2.151.511.473.13
NET Worth9.877.726.214.74
Reserves and Surplus3.517.445.934.46
Total Borrowing4.764.704.341.37
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets24.2519.6312.9810.50
Total Income16.5729.7921.9015.63
Profit After Tax2.151.050.650.50
NET Worth8.214.544.142.80
Reserves and Surplus1.64
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.8999.97
Promoter Shareholding (Post-Issue)73.4463.53
P/E Ratio23.1810.15
Market Cap₹47.61 Cr.₹69.26 Cr.
ROE24.49%30.15%
ROCE21.54%27.94%
Debt/Equity0.481.00
EPS₹2.37₹6.60
RoNW21.82%25.97%

Shares Offered

In the Amkay Products IPO Retail Individual Investors (RII) are offered 7,62,000 shares while in Mandeep Auto Industries IPO retail investors are offered 7,62,000 shares. Qualified Institutional Buyers (QIB) are offered 4,34,000 shares in Amkay Products IPO and in Mandeep Auto Industries IPO.

 Amkay Products IPOMandeep Auto Industries IPO
Anchor Investor Reservation6,50,000 shares
Market Maker Reservation1,20,000 shares1,90,000 shares
QIB4,34,000 shares
NII3,26,000 shares17,88,000 shares
RII7,62,000 shares17,90,000 shares
Employee
Others
Total21,72,000 shares35,78,000 shares

Bids Received (Subscription)

Amkay Products IPO subscribed 748.03x in total, whereas Mandeep Auto Industries IPO subscribed 77.23x.

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