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Mandeep Auto Industries IPO vs Storage Technologies IPO

Comparison between Mandeep Auto Industries IPO and Storage Technologies IPO.

IPO Details

Mandeep Auto Industries IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Storage Technologies IPO is a SME Bookbuilding proposed to list at BSE SME.

 Mandeep Auto Industries IPOStorage Technologies IPO
LogoMandeep Auto Industries IPO LogoStorage Technologies IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMEBSE SME
Lead ManagersJawa Capital Services Pvt.Ltd.Oneview Corporate Advisors Pvt.Ltd.
RegistrarCameo Corporate Services Ltd.Integrated Registry Management Services Pvt.Ltd.
Market MakerAftertrade Broking Pvt.Ltd.Nikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Mandeep Auto Industries IPO is up to ₹23.97 Cr whereas the issue size of the Storage Technologies IPO is up to ₹28.39 Cr. The final issue price of Mandeep Auto Industries IPO is ₹67.00 per share and of Storage Technologies IPO is ₹78.00 per share.

 Mandeep Auto Industries IPOStorage Technologies IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹73.00 per share
Issue Price (Upper)₹78.00 per share
Issue Price (Final)₹67.00 per share₹78.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1600 shares
Fresh Issue Size35,78,000 shares36,40,000 shares
Fresh Issue Size (Amount)up to ₹23.97 Crup to ₹28.39 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total35,78,000 shares36,40,000 shares
Issue Size Total (Amount)up to ₹23.97 Crup to ₹28.39 Cr

IPO Timetable

Mandeep Auto Industries IPO opens on May 13, 2024, while Storage Technologies IPO opens on Apr 30, 2024. The closing date of Mandeep Auto Industries IPO and Storage Technologies IPO is May 15, 2024, and May 03, 2024, respectively.

 Mandeep Auto Industries IPOStorage Technologies IPO
Anchor Bid DateApr 29, 2024
Issue OpenMay 13, 2024Apr 30, 2024
Issue CloseMay 15, 2024May 03, 2024
Basis Of Allotment (Tentative)May 16, 2024May 06, 2024
Initiation of Refunds (Tentative)May 17, 2024May 07, 2024
Credit of Share (Tentative)May 17, 2024May 07, 2024
Listing date (Tentative)May 21, 2024May 08, 2024
Anchor Lockin End date 1Jun 05, 2024
Anchor Lockin End date 2Aug 04, 2024

Financials & KPIs

Mandeep Auto Industries IPO P/E ratio is 10.15, as compared to Storage Technologies IPO P/E ratio of 48.45.

 Mandeep Auto Industries IPOStorage Technologies IPO
Financials

Mandeep Auto Industries Limited Financial Information (Restated Standalone)

Mandeep Auto Industries Limited's revenue increased by 36.03% and profit after tax (PAT) rose by 62.17% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,424.731,963.151,297.811,050.17
Total Income1,656.762,978.742,189.731,563.49
Profit After Tax214.93104.9164.6949.81
Net Worth820.80453.54413.61280.42
Reserves and Surplus163.81
Amount in ₹ Lakhs

Storage Technologies & Automation Ltd Financial Information (Restated Consolidated)

Storage Technologies & Automation Ltd's revenue increased by 16.42% and profit after tax (PAT) rose by 335.72% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Oct 202331 Mar 202331 Mar 202231 Mar 2021
Assets6,375.774,004.013,567.703,113.04
Total Income5,317.098,137.126,989.724,852.38
Profit After Tax358.9148.30-20.49118.42
Net Worth953.52594.61546.31566.81
Reserves and Surplus653.52294.61246.31466.81
Total Borrowing1,632.53931.63871.10347.48
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.97100.00
Promoter Shareholding (Post-Issue)63.5370.09
P/E Ratio10.1548.45
Market Cap₹69.26 Cr.
ROE30.15%46.37%
ROCE27.94%22.52%
Debt/Equity1.00
EPS₹6.60₹11.96
RoNW25.97%37.64%

Shares Offered

In the Mandeep Auto Industries IPO Retail Individual Investors (RII) are offered 17,90,000 shares while in Storage Technologies IPO retail investors are offered 17,90,000 shares. Qualified Institutional Buyers (QIB) are offered in Mandeep Auto Industries IPO and 7,28,000 shares in Storage Technologies IPO.

 Mandeep Auto Industries IPOStorage Technologies IPO
Anchor Investor Reserveration10,89,600 shares
Market Maker Reserveration1,90,000 shares2,00,000 shares
QIB7,28,000 shares
NII17,88,000 shares5,47,200 shares
RII17,90,000 shares12,75,200 shares
Employee
Others
Total35,78,000 shares36,40,000 shares

Bids Received (Subscription)

Mandeep Auto Industries IPO subscribed 77.23x in total, whereas Storage Technologies IPO subscribed 278.82x.

 Mandeep Auto Industries IPOStorage Technologies IPO
QIB (times)117.86x
NII (times)61.54x577.02x
Big NII (times)
Small NII (times)
RII (times)90.57x242.74x
Employee (times)
Other (times)
Total (times)77.23x278.82x