Comparison between Mangalam Alloys IPO and Sunita Tools IPO.
IPO Details
Mangalam Alloys IPO is a SME Fixed Price IPO proposed to list at NSE SME while Sunita Tools IPO is a SME Fixed Price proposed to list at BSE SME.
Issue Size and Price
The total issue size of Mangalam Alloys IPO is up to ₹52.16 Cr whereas the issue size of the Sunita Tools IPO is up to ₹20.91 Cr. The final issue price of Mangalam Alloys IPO is ₹80.00 per share and of Sunita Tools IPO is ₹145.00 per share.
| | Mangalam Alloys IPO | Sunita Tools IPO |
|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Final) | ₹80.00 per share | ₹145.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Market Lot Size | 1600 shares | 1000 shares |
| Fresh Issue Size | 57,82,400 shares | 12,42,000 shares |
| Fresh Issue Size (Amount) | up to ₹46.26 Cr | up to ₹18.01 Cr |
| OFS Issue Size | 7,37,600 shares | 2,00,000 shares |
| OFS Issue Size (Amount) | up to ₹5.90 Cr | up to ₹2.90 Cr |
| Issue Size Total | 65,20,000 shares | 14,42,000 shares |
| Issue Size Total (Amount) | up to ₹52.16 Cr | up to ₹20.91 Cr |
IPO Timetable
Mangalam Alloys IPO opens on Sep 21, 2023, while Sunita Tools IPO opens on Sep 26, 2023. The closing date of Mangalam Alloys IPO and Sunita Tools IPO is Sep 25, 2023, and Oct 03, 2023, respectively.
| | Mangalam Alloys IPO | Sunita Tools IPO |
|---|
| Issue Open | Sep 21, 2023 | Sep 26, 2023 |
| Issue Close | Sep 25, 2023 | Oct 03, 2023 |
| Basis Of Allotment (Tentative) | Sep 02, 2023 | Oct 04, 2023 |
| Initiation of Refunds (Tentative) | Oct 02, 2023 | Oct 05, 2023 |
| Credit of Share (Tentative) | Oct 03, 2023 | Oct 06, 2023 |
| Listing date (Tentative) | Oct 04, 2023 | Oct 11, 2023 |
Financials & KPIs
Mangalam Alloys IPO P/E ratio is 14.65, as compared to Sunita Tools IPO P/E ratio of 16.88.
Shares Offered
In the Mangalam Alloys IPO Retail Individual Investors (RII) are offered 32,60,800 shares while in Sunita Tools IPO retail investors are offered 32,60,800 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Mangalam Alloys IPO and 0 shares in Sunita Tools IPO.
| | Mangalam Alloys IPO | Sunita Tools IPO |
|---|
| Anchor Investor Reservation | 0 shares | 0 shares |
| Market Maker Reservation | 3,44,000 shares | 78,000 shares |
| QIB | 0 shares | 0 shares |
| NII | 32,59,200 shares | 7,21,000 shares |
| RII | 32,60,800 shares | 7,21,000 shares |
| Employee | 0 shares | 0 shares |
| Total | 65,20,000 shares | 14,42,000 shares |
Bids Received (Subscription)
Mangalam Alloys IPO subscribed 5.57x in total, whereas Sunita Tools IPO subscribed 13.19x.
