Manglam Infra IPO vs RNFI Services IPO

Comparison between Manglam Infra IPO and RNFI Services IPO.

IPO Details

Manglam Infra IPO is a SME Bookbuilding IPO proposed to list at NSE SME while RNFI Services IPO is a SME Bookbuilding proposed to list at NSE SME.

	Manglam Infra IPO	RNFI Services IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Unistone Capital Pvt.Ltd.	Choice Capital Advisors Pvt.Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Skyline Financial Services Pvt.Ltd.
Market Maker	Giriraj Stock Broking Pvt.Ltd.	Choice Equity Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Manglam Infra IPO is up to ₹24.70 Cr whereas the issue size of the RNFI Services IPO is up to ₹66.78 Cr. The final issue price of Manglam Infra IPO is ₹56.00 per share and of RNFI Services IPO is ₹105.00 per share.

	Manglam Infra IPO	RNFI Services IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹53.00 per share	₹98.00 per share
Issue Price (Upper)	₹56.00 per share	₹105.00 per share
Issue Price (Final)	₹56.00 per share	₹105.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	2000 shares	1200 shares
Fresh Issue Size	44,10,000 shares	63,60,000 shares
Fresh Issue Size (Amount)	up to ₹24.70 Cr	up to ₹66.78 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	44,10,000 shares	63,60,000 shares
Issue Size Total (Amount)	up to ₹24.70 Cr	up to ₹66.78 Cr

IPO Timetable

Manglam Infra IPO opens on Jul 24, 2024, while RNFI Services IPO opens on Jul 22, 2024. The closing date of Manglam Infra IPO and RNFI Services IPO is Jul 26, 2024, and Jul 24, 2024, respectively.

	Manglam Infra IPO	RNFI Services IPO
Anchor Bid Date	Jul 23, 2024	Jul 19, 2024
Issue Open	Jul 24, 2024	Jul 22, 2024
Issue Close	Jul 26, 2024	Jul 24, 2024
Basis Of Allotment (Tentative)	Jul 29, 2024	Jul 25, 2024
Initiation of Refunds (Tentative)	Jul 30, 2024	Jul 26, 2024
Credit of Share (Tentative)	Jul 30, 2024	Jul 26, 2024
Listing date (Tentative)	Jul 31, 2024	Jul 29, 2024
Anchor Lockin End date 1	Aug 28, 2024	Aug 24, 2024
Anchor Lockin End date 2	Oct 27, 2024	Oct 23, 2024

Financials & KPIs

Manglam Infra IPO P/E ratio is 10.49, as compared to RNFI Services IPO P/E ratio of 19.19.

Manglam Infra IPO

RNFI Services IPO

Financials

Manglam Infra and Engineering Limited Financial Information (Restated)

Manglam Infra and Engineering Limited's revenue increased by 16.46% and profit after tax (PAT) rose by 22.06% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	3,318.23	2,104.13	1,673.32
Total Income	4,050.79	3,478.14	2,678.36
Profit After Tax	676.41	554.16	332.96
Net Worth	1,710.20	1,025.95	778.69
Reserves and Surplus	443.73
Total Borrowing	447.31	225.91	186.91
Amount in ₹ Lakhs

RNFI Services Limited Financial Information (Restated Consolidated)

RNFI Services Limited's revenue decreased by -11.81% and profit after tax (PAT) rose by 103.82% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	19,051.38	12,526.71	11,661.34
Total Income	94,305.10	106,939.62	19,079.93
Profit After Tax	996.07	488.71	555.03
Net Worth	3,159.90	2,041.64	1,330.24
Reserves and Surplus	1,350.86	2,043.47	1,332.07
Total Borrowing	3,638.87	2,118.75	1,264.05
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

89.53

Promoter Shareholding (Post-Issue)

P/E Ratio

10.49

19.19

Market Cap

₹98.54 Cr.

₹262.00 Cr.

ROE

49.44%

ROCE

44.95%

29.74%

Debt/Equity

0.26

1.02

EPS

₹5.34

₹5.47

RoNW

49.44%

40.92%

Shares Offered

In the Manglam Infra IPO Retail Individual Investors (RII) are offered 15,44,000 shares while in RNFI Services IPO retail investors are offered 15,44,000 shares. Qualified Institutional Buyers (QIB) are offered 8,82,000 shares in Manglam Infra IPO and 12,72,000 shares in RNFI Services IPO.

	Manglam Infra IPO	RNFI Services IPO
Anchor Investor Reserveration	13,22,000 shares	19,08,000 shares
Market Maker Reserveration	5,22,000 shares	3,84,000 shares
QIB	8,82,000 shares	12,72,000 shares
NII	6,62,000 shares	9,54,000 shares
RII	15,44,000 shares	22,26,000 shares
Employee
Others
Total	44,10,000 shares	63,60,000 shares

Bids Received (Subscription)

Manglam Infra IPO subscribed 394.42x in total, whereas RNFI Services IPO subscribed 221.49x.

	Manglam Infra IPO	RNFI Services IPO
QIB (times)	163.04x	140.66x
NII (times)	756.73x	513.31x
Big NII (times)
Small NII (times)
RII (times)	371.72x	142.62x
Employee (times)
Other (times)
Total (times)	394.42x	221.49x

Compare with others

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Sathlokhar Synergys E&C IPO	Manglam Infra IPO
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Clinitech Laboratory IPO	Kataria Industries IPO
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RNFI Services IPO	Three M Paper Boards IPO