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Mangalam Worldwide IPO vs Modi's Navnirman IPO

Comparison between Mangalam Worldwide IPO and Modi's Navnirman IPO.

IPO Details

Mangalam Worldwide IPO is a SME Fixed Price IPO proposed to list at NSE SME while Modi's Navnirman IPO is a SME Fixed Price proposed to list at BSE SME.

 Mangalam Worldwide IPOModi's Navnirman IPO
LogoMangalam Worldwide IPO LogoModi's Navnirman IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersBeeline Broking Ltd.Aryaman Financial Services Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerSunflower Broking Pvt.Ltd.Aryaman 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 Worldwide IPO is up to ₹62.30 Cr whereas the issue size of the Modi's Navnirman IPO is up to ₹21.46 Cr. The final issue price of Mangalam Worldwide IPO is ₹101.00 per share and of Modi's Navnirman IPO is ₹180.00 per share.

 Mangalam Worldwide IPOModi's Navnirman IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹101.00 per share₹180.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares800 shares
Fresh Issue Size61,68,000 shares11,92,000 shares
Fresh Issue Size (Amount)up to ₹62.30 Crup to ₹21.46 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total61,68,000 shares11,92,000 shares
Issue Size Total (Amount)up to ₹62.30 Crup to ₹21.46 Cr

IPO Timetable

Mangalam Worldwide IPO opens on Jun 30, 2022, while Modi's Navnirman IPO opens on Jun 23, 2022. The closing date of Mangalam Worldwide IPO and Modi's Navnirman IPO is Jul 04, 2022, and Jun 28, 2022, respectively.

 Mangalam Worldwide IPOModi's Navnirman IPO
Anchor Bid Date
Issue OpenJun 30, 2022Jun 23, 2022
Issue CloseJul 04, 2022Jun 28, 2022
Basis Of Allotment (Tentative)Jul 07, 2022Jul 01, 2022
Initiation of Refunds (Tentative)Jul 08, 2022Jul 04, 2022
Credit of Share (Tentative)Jul 11, 2022Jul 05, 2022
Listing date (Tentative)Jul 11, 2022Jul 06, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Mangalam Worldwide IPO P/E ratio is 20.12, as compared to Modi's Navnirman IPO P/E ratio of 57.32.

 Mangalam Worldwide IPOModi's Navnirman IPO
Financials
Mangalam Worldwide Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxReserves and Surplus
31-Mar-214740.1530332.31265.471270.44
31-Mar-2212265.0253347.961230.982746.82
Amount in ₹ Lakhs
Modi's Navnirman Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-20998.482195.46139.78
31-Mar-21735.211322.3437.83
31-Mar-223098.291151.07132.7
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)87.0499.98
Promoter Shareholding (Post-Issue)63.9770.20
P/E Ratio20.1257.32
Market Cap₹247.46 Cr.₹76.14 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Mangalam Worldwide IPO Retail Individual Investors (RII) are offered 30,84,000 shares while in Modi's Navnirman IPO retail investors are offered 30,84,000 shares. Qualified Institutional Buyers (QIB) are offered in Mangalam Worldwide IPO and in Modi's Navnirman IPO.

 Mangalam Worldwide IPOModi's Navnirman IPO
Anchor Investor Reserveration
Market Maker Reserveration3,25,200 shares68,000 shares
QIB
NII30,84,000 shares5,96,000 shares
RII30,84,000 shares5,96,000 shares
Employee
Others
Total61,68,000 shares11,92,000 shares

Bids Received (Subscription)

Mangalam Worldwide IPO subscribed 1.33x in total, whereas Modi's Navnirman IPO subscribed 1.99x.

 Mangalam Worldwide IPOModi's Navnirman IPO
QIB (times)
NII (times)2.20x2.76x
Big NII (times)
Small NII (times)
RII (times)0.46x1.22x
Employee (times)
Other (times)
Total (times)1.33x1.99x