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Mangalam Alloys IPO vs Organic Recycling Systems IPO

Comparison between Mangalam Alloys IPO and Organic Recycling Systems IPO.

IPO Details

Mangalam Alloys IPO is a SME Fixed Price IPO proposed to list at NSE SME while Organic Recycling Systems IPO is a SME Fixed Price proposed to list at BSE SME.

 Mangalam Alloys IPOOrganic Recycling Systems IPO
LogoMangalam Alloys IPO LogoOrganic Recycling Systems IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersExpert Global Consultants Pvt.Ltd.Arihant Capital Markets Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Maashitla Securities Pvt.Ltd.
Market MakerRikhav Securities Ltd.Arihant Capital Markets Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO 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 Organic Recycling Systems IPO is up to ₹47.40 Cr. The final issue price of Mangalam Alloys IPO is ₹80.00 per share and of Organic Recycling Systems IPO is ₹200.00 per share.

 Mangalam Alloys IPOOrganic Recycling Systems IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹80.00 per share₹200.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares600 shares
Fresh Issue Size57,82,400 shares23,70,000 shares
Fresh Issue Size (Amount)up to ₹46.26 Crup to ₹47.40 Cr
OFS Issue Size7,37,600 shares0 shares
OFS Issue Size (Amount)up to ₹5.90 Crup to ₹0.00 Cr
Issue Size Total65,20,000 shares23,70,000 shares
Issue Size Total (Amount)up to ₹52.16 Crup to ₹47.40 Cr

IPO Timetable

Mangalam Alloys IPO opens on Sep 21, 2023, while Organic Recycling Systems IPO opens on Sep 21, 2023. The closing date of Mangalam Alloys IPO and Organic Recycling Systems IPO is Sep 25, 2023, and Sep 26, 2023, respectively.

 Mangalam Alloys IPOOrganic Recycling Systems IPO
Anchor Bid Date
Issue OpenSep 21, 2023Sep 21, 2023
Issue CloseSep 25, 2023Sep 26, 2023
Basis Of Allotment (Tentative)Sep 02, 2023Sep 29, 2023
Initiation of Refunds (Tentative)Oct 02, 2023Oct 03, 2023
Credit of Share (Tentative)Oct 03, 2023Oct 04, 2023
Listing date (Tentative)Oct 04, 2023Oct 06, 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 Organic Recycling Systems IPO P/E ratio of 25.54.

 Mangalam Alloys IPOOrganic Recycling Systems IPO
Financials
Mangalam Alloys IPO Financial Information (Restated Standalone)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets31,210.8130,066.9633,201.81
Total Income27,190.6830,973.9430,817.92
Profit After Tax-653.69505.081,013.52
Net Worth6,390.376,895.357,903.11
Reserves and Surplus4,534.425,039.406,047.16
Total Borrowing16,769.6616,361.8115,353.27
Amount in ₹ Lakhs
Organic Recycling Systems IPO Financial Information (Restated Consolidated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets10,272.6910,669.3511,931.10
Total Income1,578.181,756.672,534.10
Profit After Tax-449.37-535.03365.38
Net Worth1,343.88808.862,550.07
Reserves and Surplus1,298.11763.082,014.40
Total Borrowing5,449.895,418.386,981.41
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)81.1730.14
Promoter Shareholding (Post-Issue)59.7420.35
P/E Ratio14.6525.54
Market Cap₹197.49 Cr.₹153.99 Cr.
ROE12.8221.76%
ROCE20.9213.06%
Debt/Equity1.942.70
EPS₹5.46₹7.83
RoNW13.70%14.33%

Shares Offered

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

 Mangalam Alloys IPOOrganic Recycling Systems IPO
Anchor Investor Reserveration
Market Maker Reserveration3,44,000 shares1,30,200 shares
QIB
NII32,59,200 shares11,85,000 shares
RII32,60,800 shares11,85,000 shares
Employee
Others
Total65,20,000 shares23,70,000 shares

Bids Received (Subscription)

Mangalam Alloys IPO subscribed 5.57x in total, whereas Organic Recycling Systems IPO subscribed 3.24x.

 Mangalam Alloys IPOOrganic Recycling Systems IPO
QIB (times)
NII (times)2.41x4.28x
Big NII (times)
Small NII (times)
RII (times)8.73x2.21x
Employee (times)
Other (times)
Total (times)5.57x3.24x