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Mangalam Alloys IPO vs Techknowgreen Solutions IPO

Comparison between Mangalam Alloys IPO and Techknowgreen Solutions IPO.

IPO Details

Mangalam Alloys IPO is a SME Fixed Price IPO proposed to list at NSE SME while Techknowgreen Solutions IPO is a SME Fixed Price proposed to list at BSE SME.

 Mangalam Alloys IPOTechknowgreen Solutions IPO
LogoMangalam Alloys IPO LogoTechknowgreen Solutions IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersExpert Global Consultants Pvt.Ltd.Indorient Financial Services Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerRikhav Securities Ltd.Alacrity Securities 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 Techknowgreen Solutions IPO is up to ₹15.88 Cr. The final issue price of Mangalam Alloys IPO is ₹80.00 per share and of Techknowgreen Solutions IPO is ₹86.00 per share.

 Mangalam Alloys IPOTechknowgreen Solutions IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹80.00 per share₹86.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares1600 shares
Fresh Issue Size57,82,400 shares18,46,400 shares
Fresh Issue Size (Amount)up to ₹46.26 Crup to ₹15.88 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 shares18,46,400 shares
Issue Size Total (Amount)up to ₹52.16 Crup to ₹15.88 Cr

IPO Timetable

Mangalam Alloys IPO opens on Sep 21, 2023, while Techknowgreen Solutions IPO opens on Sep 18, 2023. The closing date of Mangalam Alloys IPO and Techknowgreen Solutions IPO is Sep 25, 2023, and Sep 21, 2023, respectively.

 Mangalam Alloys IPOTechknowgreen Solutions IPO
Anchor Bid Date
Issue OpenSep 21, 2023Sep 18, 2023
Issue CloseSep 25, 2023Sep 21, 2023
Basis Of Allotment (Tentative)Sep 02, 2023Sep 26, 2023
Initiation of Refunds (Tentative)Oct 02, 2023Sep 27, 2023
Credit of Share (Tentative)Oct 03, 2023Sep 28, 2023
Listing date (Tentative)Oct 04, 2023Sep 27, 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 Techknowgreen Solutions IPO P/E ratio of 9.71.

 Mangalam Alloys IPOTechknowgreen Solutions 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
Techknowgreen Solutions IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets1,181.75953.941,237.25
Total Income785.27999.091,486.28
Profit After Tax37.17108.18451.38
Net Worth296.43355.86633.63
Reserves and Surplus-213.20-153.76124.00
Total Borrowing450.71285.86287.40
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)81.1789.02
Promoter Shareholding (Post-Issue)59.7465.58
P/E Ratio14.659.71
Market Cap₹197.49 Cr.₹63.49 Cr.
ROE12.8288.57%
ROCE20.9298.74%
Debt/Equity1.940.45
EPS₹5.46₹8.86
RoNW13.70%71.24%

Shares Offered

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

 Mangalam Alloys IPOTechknowgreen Solutions IPO
Anchor Investor Reserveration
Market Maker Reserveration3,44,000 shares97,600 shares
QIB
NII32,59,200 shares9,23,200 shares
RII32,60,800 shares9,23,200 shares
Employee
Others
Total65,20,000 shares18,46,400 shares

Bids Received (Subscription)

Mangalam Alloys IPO subscribed 5.57x in total, whereas Techknowgreen Solutions IPO subscribed 12.98x.

 Mangalam Alloys IPOTechknowgreen Solutions IPO
QIB (times)
NII (times)2.41x9.08x
Big NII (times)
Small NII (times)
RII (times)8.73x15.82x
Employee (times)
Other (times)
Total (times)5.57x12.98x