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Emmforce Autotech IPO vs Mandeep Auto Industries IPO

Comparison between Emmforce Autotech IPO and Mandeep Auto Industries IPO.

IPO Details

Emmforce Autotech 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.

 Emmforce Autotech IPOMandeep Auto Industries IPO
LogoEmmforce Autotech IPO LogoMandeep Auto Industries IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtBSE SMENSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Jawa Capital Services Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerSpread X Securities Pvt.Ltd.Aftertrade Broking Pvt.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 Emmforce Autotech IPO is up to ₹51.19 Cr whereas the issue size of the Mandeep Auto Industries IPO is up to ₹23.97 Cr. The final issue price of Emmforce Autotech IPO is ₹98.00 per share and of Mandeep Auto Industries IPO is ₹67.00 per share.

 Emmforce Autotech IPOMandeep Auto Industries IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹93.00 per share
Issue Price (Upper)₹98.00 per share
Issue Price (Final)₹98.00 per share₹67.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares2000 shares
Fresh Issue Size52,23,600 shares35,78,000 shares
Fresh Issue Size (Amount)up to ₹51.19 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 Total52,23,600 shares35,78,000 shares
Issue Size Total (Amount)up to ₹51.19 Crup to ₹23.97 Cr

IPO Timetable

Emmforce Autotech IPO opens on Apr 23, 2024, while Mandeep Auto Industries IPO opens on May 13, 2024. The closing date of Emmforce Autotech IPO and Mandeep Auto Industries IPO is Apr 25, 2024, and May 15, 2024, respectively.

 Emmforce Autotech IPOMandeep Auto Industries IPO
Anchor Bid DateApr 22, 2024
Issue OpenApr 23, 2024May 13, 2024
Issue CloseApr 25, 2024May 15, 2024
Basis Of Allotment (Tentative)Apr 26, 2024May 16, 2024
Initiation of Refunds (Tentative)Apr 29, 2024May 17, 2024
Credit of Share (Tentative)Apr 29, 2024May 17, 2024
Listing date (Tentative)Apr 30, 2024May 21, 2024
Anchor Lockin End date 1May 26, 2024
Anchor Lockin End date 2Jul 25, 2024

Financials & KPIs

Emmforce Autotech IPO P/E ratio is 33.5, as compared to Mandeep Auto Industries IPO P/E ratio of 10.15.

 Emmforce Autotech IPOMandeep Auto Industries IPO
Financials

Emmforce Autotech Limited Financial Information (Restated)

Emmforce Autotech Limited's revenue decreased by -31.7% and profit after tax (PAT) dropped by -40.1% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Oct 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,597.134,895.405,257.363,384.41
Total Income4,790.314,875.327,138.135,185.32
Profit After Tax511.78438.85732.58508.91
Net Worth1,500.002,344.952,129.091,524.82
Reserves and Surplus43.72
Total Borrowing2,404.251,535.431,651.09501.70
Amount in ₹ Lakhs

Mandeep Auto Industries Limited Financial Information (Restated Standalone)

Mandeep Auto Industries Limited's revenue increased by 36.03% and profit after tax (PAT) rose by 62.17% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,424.731,963.151,297.811,050.17
Total Income1,656.762,978.742,189.731,563.49
Profit After Tax214.93104.9164.6949.81
Net Worth820.80453.54413.61280.42
Reserves and Surplus163.81
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.0099.97
Promoter Shareholding (Post-Issue)73.1763.53
P/E Ratio33.510.15
Market Cap₹200.90 Cr.₹69.26 Cr.
ROE30.15%
ROCE27.94%
Debt/Equity1.00
EPS₹2.93₹6.60
RoNW2.8325.97%

Shares Offered

In the Emmforce Autotech IPO Retail Individual Investors (RII) are offered 18,28,800 shares while in Mandeep Auto Industries IPO retail investors are offered 18,28,800 shares. Qualified Institutional Buyers (QIB) are offered 10,45,200 shares in Emmforce Autotech IPO and in Mandeep Auto Industries IPO.

 Emmforce Autotech IPOMandeep Auto Industries IPO
Anchor Investor Reserveration15,66,000 shares
Market Maker Reserveration2,76,000 shares1,90,000 shares
QIB10,45,200 shares
NII7,83,600 shares17,88,000 shares
RII18,28,800 shares17,90,000 shares
Employee
Others
Total52,23,600 shares35,78,000 shares

Bids Received (Subscription)

Emmforce Autotech IPO subscribed 364.37x in total, whereas Mandeep Auto Industries IPO subscribed 77.23x.

 Emmforce Autotech IPOMandeep Auto Industries IPO
QIB (times)160.58x
NII (times)861.98x61.54x
Big NII (times)
Small NII (times)
RII (times)267.62x90.57x
Employee (times)
Other (times)
Total (times)364.37x77.23x