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C2C Advanced Systems IPO vs Mangal Compusolution IPO

Comparison between C2C Advanced Systems IPO and Mangal Compusolution IPO.

IPO Details

C2C Advanced Systems IPO is a SME Fixed Price IPO proposed to list at NSE SME while Mangal Compusolution IPO is a SME Fixed Price proposed to list at BSE SME.

 C2C Advanced Systems IPOMangal Compusolution IPO
LogoC2C Advanced Systems IPO LogoMangal Compusolution IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Jawa Capital Services Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Kfin Technologies Ltd.
Market MakerSpread X Securities Pvt.Ltd.Rikhav Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of C2C Advanced Systems IPO is up to ₹94.11 Cr whereas the issue size of the Mangal Compusolution IPO is up to ₹15.39 Cr. The final issue price of C2C Advanced Systems IPO is ₹226.00 per share and of Mangal Compusolution IPO is ₹45.00 per share.

 C2C Advanced Systems IPOMangal Compusolution IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹214.00 per share
Issue Price (Upper)₹226.00 per share
Issue Price (Final)₹226.00 per share₹45.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size600 shares3000 shares
Fresh Issue Size41,64,000 shares34,20,000 shares
Fresh Issue Size (Amount)up to ₹94.11 Crup to ₹15.39 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total41,64,000 shares34,20,000 shares
Issue Size Total (Amount)up to ₹94.11 Crup to ₹15.39 Cr

IPO Timetable

C2C Advanced Systems IPO opens on Nov 22, 2024, while Mangal Compusolution IPO opens on Nov 12, 2024. The closing date of C2C Advanced Systems IPO and Mangal Compusolution IPO is Nov 26, 2024, and Nov 14, 2024, respectively.

 C2C Advanced Systems IPOMangal Compusolution IPO
Anchor Bid DateNov 21, 2024
Issue OpenNov 22, 2024Nov 12, 2024
Issue CloseNov 26, 2024Nov 14, 2024
Basis Of Allotment (Tentative)Nov 29, 2024Nov 18, 2024
Initiation of Refunds (Tentative)Dec 02, 2024Nov 19, 2024
Credit of Share (Tentative)Dec 02, 2024Nov 19, 2024
Listing date (Tentative)Dec 03, 2024Nov 21, 2024
Anchor Lockin End date 1Dec 31, 2024
Anchor Lockin End date 2Mar 01, 2025

Financials & KPIs

C2C Advanced Systems IPO P/E ratio is 22.56, as compared to Mangal Compusolution IPO P/E ratio of 11.66.

 C2C Advanced Systems IPOMangal Compusolution IPO
Financials

C2C Advanced Systems Limited Financial Information (Restated)

C2C Advanced Systems Limited's revenue increased by 412% and profit after tax (PAT) rose by 327% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets11,058.018,583.511,849.78903.18
Total Income4,324.974,129.82806.7334.79
Profit After Tax972.991,227.69287.52-238.21
Net Worth8,618.727,645.73252.14-136.57
Reserves and Surplus6,864.5296.69
Total Borrowing1,329.02944.74554.77
Amount in ₹ Lakhs

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 Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets4,492.014,552.124,715.715,267.09
Total Income453.442,344.423,483.181,848.78
Profit After Tax80.97385.80704.0986.62
Net Worth2,080.881,999.901,614.10910.00
Reserves and Surplus1,080.88999.901,414.10710.00
Total Borrowing1,862.752,041.212,652.303,434.12
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)56.52100.00
Promoter Shareholding (Post-Issue)73.50
P/E Ratio22.5611.66
Market Cap₹376.09 Cr.₹61.23 Cr.
ROE3.97%
ROCE2.05%
Debt/Equity0.150.90
EPS₹10.02₹3.86
RoNW11.29%15.56%

Shares Offered

In the C2C Advanced Systems IPO Retail Individual Investors (RII) are offered 14,57,400 shares while in Mangal Compusolution IPO retail investors are offered 14,57,400 shares. Qualified Institutional Buyers (QIB) are offered 8,32,800 shares in C2C Advanced Systems IPO and in Mangal Compusolution IPO.

 C2C Advanced Systems IPOMangal Compusolution IPO
Anchor Investor Reserveration12,49,200 shares
Market Maker Reserveration2,19,600 shares1,86,000 shares
QIB8,32,800 shares
NII6,24,600 shares17,10,000 shares
RII14,57,400 shares17,10,000 shares
Employee
Others
Total41,64,000 shares34,20,000 shares

Bids Received (Subscription)

C2C Advanced Systems IPO subscribed 125.35x in total, whereas Mangal Compusolution IPO subscribed 34.59x.

 C2C Advanced Systems IPOMangal Compusolution IPO
QIB (times)31.61x
NII (times)233.13x22.28x
Big NII (times)
Small NII (times)
RII (times)132.73x46.91x
Employee (times)
Other (times)
Total (times)125.35x34.59x