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Mangal Compusolution IPO vs Neelam Linens IPO

Comparison between Mangal Compusolution IPO and Neelam Linens IPO.

IPO Details

Mangal Compusolution IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Neelam Linens IPO is a SME Bookbuilding proposed to list at NSE SME.

 Mangal Compusolution IPONeelam Linens IPO
LogoMangal Compusolution IPO LogoNeelam Linens IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersJawa Capital Services Pvt.Ltd.Expert Global Consultants Pvt.Ltd.
RegistrarKfin Technologies Ltd.Purva Sharegistry (India) Pvt.Ltd.
Market MakerRikhav Securities Ltd.Globalworth 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 Mangal Compusolution IPO is up to ₹15.39 Cr whereas the issue size of the Neelam Linens IPO is up to ₹12.34 Cr. The final issue price of Mangal Compusolution IPO is ₹45.00 per share and of Neelam Linens IPO is ₹24.00 per share.

 Mangal Compusolution IPONeelam Linens IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹20.00 per share
Issue Price (Upper)₹24.00 per share
Issue Price (Final)₹45.00 per share₹24.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares6000 shares
Fresh Issue Size34,20,000 shares51,42,000 shares
Fresh Issue Size (Amount)up to ₹15.39 Crup to ₹12.34 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total34,20,000 shares51,42,000 shares
Issue Size Total (Amount)up to ₹15.39 Crup to ₹12.34 Cr

IPO Timetable

Mangal Compusolution IPO opens on Nov 12, 2024, while Neelam Linens IPO opens on Nov 08, 2024. The closing date of Mangal Compusolution IPO and Neelam Linens IPO is Nov 14, 2024, and Nov 12, 2024, respectively.

 Mangal Compusolution IPONeelam Linens IPO
Anchor Bid DateNov 07, 2024
Issue OpenNov 12, 2024Nov 08, 2024
Issue CloseNov 14, 2024Nov 12, 2024
Basis Of Allotment (Tentative)Nov 18, 2024Nov 13, 2024
Initiation of Refunds (Tentative)Nov 19, 2024Nov 14, 2024
Credit of Share (Tentative)Nov 19, 2024Nov 14, 2024
Listing date (Tentative)Nov 21, 2024Nov 18, 2024
Anchor Lockin End date 1Dec 13, 2024
Anchor Lockin End date 2Feb 11, 2025

Financials & KPIs

Mangal Compusolution IPO P/E ratio is 11.66, as compared to Neelam Linens IPO P/E ratio of 14.44.

 Mangal Compusolution IPONeelam Linens IPO
Financials

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

Neelam Linens and Garments (India) Ltd Financial Information (Restated Consolidated)

Neelam Linens and Garments (India) Ltd's revenue decreased by -0.63% and profit after tax (PAT) rose by 3.43% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets12,050.2312,116.769,967.977,860.136,467.92
Total Income2,195.3910,474.4210,541.1310,379.698,017.82
Profit After Tax80.46246.05237.88298.5841.53
Net Worth2,428.802,348.342,102.301,468.421,169.84
Reserves and Surplus948.80868.341,362.301,448.421,149.84
Total Borrowing7,566.046,964.946,534.025,110.225,259.22
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.0074.18
Promoter Shareholding (Post-Issue)73.5054.29
P/E Ratio11.6614.44
Market Cap₹61.23 Cr.₹48.52 Cr.
ROE3.97%2.99%
ROCE2.05%3.84%
Debt/Equity0.903.12
EPS₹3.86₹1.66
RoNW15.56%3.31%

Shares Offered

In the Mangal Compusolution IPO Retail Individual Investors (RII) are offered 17,10,000 shares while in Neelam Linens IPO retail investors are offered 17,10,000 shares. Qualified Institutional Buyers (QIB) are offered in Mangal Compusolution IPO and 10,32,000 shares in Neelam Linens IPO.

 Mangal Compusolution IPONeelam Linens IPO
Anchor Investor Reserveration15,36,000 shares
Market Maker Reserveration1,86,000 shares2,76,000 shares
QIB10,32,000 shares
NII17,10,000 shares7,74,000 shares
RII17,10,000 shares18,00,000 shares
Employee
Others
Total34,20,000 shares51,42,000 shares

Bids Received (Subscription)

Mangal Compusolution IPO subscribed 34.59x in total, whereas Neelam Linens IPO subscribed 91.97x.

 Mangal Compusolution IPONeelam Linens IPO
QIB (times)15.40x
NII (times)22.28x273.47x
Big NII (times)
Small NII (times)
RII (times)46.91x57.82x
Employee (times)
Other (times)
Total (times)34.59x91.97x