Mangalam Alloys IPO vs Master Components IPO

Comparison between Mangalam Alloys IPO and Master Components IPO.

IPO Details

Mangalam Alloys IPO is a SME Fixed Price IPO proposed to list at NSE SME while Master Components IPO is a SME Fixed Price proposed to list at NSE SME.

	Mangalam Alloys IPO	Master Components IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Fixed Price
Listing At	NSE SME	NSE SME
Lead Managers	Expert Global Consultants Pvt.Ltd.	Aryaman Financial Services Ltd.
Registrar	Skyline Financial Services Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Rikhav Securities Ltd.	Aryaman Capital Markets Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Mangalam Alloys IPO is up to ₹52.16 Cr whereas the issue size of the Master Components IPO is up to ₹14.64 Cr. The final issue price of Mangalam Alloys IPO is ₹80.00 per share and of Master Components IPO is ₹140.00 per share.

	Mangalam Alloys IPO	Master Components IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹80.00 per share	₹140.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1600 shares	1000 shares
Fresh Issue Size	57,82,400 shares	6,44,000 shares
Fresh Issue Size (Amount)	up to ₹46.26 Cr	up to ₹9.02 Cr
OFS Issue Size	7,37,600 shares	4,02,000 shares
OFS Issue Size (Amount)	up to ₹5.90 Cr	up to ₹5.63 Cr
Issue Size Total	65,20,000 shares	10,46,000 shares
Issue Size Total (Amount)	up to ₹52.16 Cr	up to ₹14.64 Cr

IPO Timetable

Mangalam Alloys IPO opens on Sep 21, 2023, while Master Components IPO opens on Sep 18, 2023. The closing date of Mangalam Alloys IPO and Master Components IPO is Sep 25, 2023, and Sep 21, 2023, respectively.

	Mangalam Alloys IPO	Master Components IPO
Anchor Bid Date
Issue Open	Sep 21, 2023	Sep 18, 2023
Issue Close	Sep 25, 2023	Sep 21, 2023
Basis Of Allotment (Tentative)	Sep 02, 2023	Sep 26, 2023
Initiation of Refunds (Tentative)	Oct 02, 2023	Sep 27, 2023
Credit of Share (Tentative)	Oct 03, 2023	Sep 28, 2023
Listing date (Tentative)	Oct 04, 2023	Sep 29, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Mangalam Alloys IPO P/E ratio is 14.65, as compared to Master Components IPO P/E ratio of 27.09.

Mangalam Alloys IPO

Master Components IPO

Financials

Mangalam Alloys IPO Financial Information (Restated Standalone)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	31,210.81	30,066.96	33,201.81
Total Income	27,190.68	30,973.94	30,817.92
Profit After Tax	-653.69	505.08	1,013.52
Net Worth	6,390.37	6,895.35	7,903.11
Reserves and Surplus	4,534.42	5,039.40	6,047.16
Total Borrowing	16,769.66	16,361.81	15,353.27

Amount in ₹ Lakhs

Master Components IPO Financial Information (Restated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	1,460.93	1,419.09	1,485.24	1,659.17
Total Income	1,535.68	1,327.72	1,842.50	2,090.03
Profit After Tax	132.22	76.14	93.73	170.54
Net Worth	824.90	901.04	994.77	1,165.31
Reserves and Surplus	794.90	871.04	964.77	835.31
Total Borrowing	376.54	216.29	173.33	93.96

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

81.17

100.00

Promoter Shareholding (Post-Issue)

59.74

72.41

P/E Ratio

14.65

27.09

Market Cap

₹197.49 Cr.

₹56.00 Cr.

ROE

12.82

59.68%

ROCE

20.92

59.24%

Debt/Equity

1.94

0.08

EPS

₹5.46

₹5.17

RoNW

13.70%

14.63%

Shares Offered

In the Mangalam Alloys IPO Retail Individual Investors (RII) are offered 32,60,800 shares while in Master Components IPO retail investors are offered 32,60,800 shares. Qualified Institutional Buyers (QIB) are offered in Mangalam Alloys IPO and in Master Components IPO.

	Mangalam Alloys IPO	Master Components IPO
Anchor Investor Reserveration
Market Maker Reserveration	3,44,000 shares	56,000 shares
QIB
NII	32,59,200 shares	5,23,000 shares
RII	32,60,800 shares	5,23,000 shares
Employee
Others
Total	65,20,000 shares	10,46,000 shares

Bids Received (Subscription)

Mangalam Alloys IPO subscribed 5.57x in total, whereas Master Components IPO subscribed 8.20x.

	Mangalam Alloys IPO	Master Components IPO
QIB (times)
NII (times)	2.41x	5.89x
Big NII (times)
Small NII (times)
RII (times)	8.73x	10.11x
Employee (times)
Other (times)
Total (times)	5.57x	8.20x

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