Manglam Infra IPO vs Trom Industries IPO

Comparison between Manglam Infra IPO and Trom Industries IPO.

IPO Details

Manglam Infra IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Trom Industries IPO is a SME Bookbuilding proposed to list at NSE SME.

	Manglam Infra IPO	Trom Industries 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.	Expert Global Consultants Pvt.Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Kfin Technologies Ltd.
Market Maker	Giriraj Stock Broking Pvt.Ltd.	Sunflower 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 Trom Industries IPO is up to ₹29.79 Cr. The final issue price of Manglam Infra IPO is ₹56.00 per share and of Trom Industries IPO is ₹115.00 per share.

	Manglam Infra IPO	Trom Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹53.00 per share	₹100.00 per share
Issue Price (Upper)	₹56.00 per share	₹115.00 per share
Issue Price (Final)	₹56.00 per share	₹115.00 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	25,90,800 shares
Fresh Issue Size (Amount)	up to ₹24.70 Cr	up to ₹29.79 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	25,90,800 shares
Issue Size Total (Amount)	up to ₹24.70 Cr	up to ₹29.79 Cr

IPO Timetable

Manglam Infra IPO opens on Jul 24, 2024, while Trom Industries IPO opens on Jul 25, 2024. The closing date of Manglam Infra IPO and Trom Industries IPO is Jul 26, 2024, and Jul 29, 2024, respectively.

	Manglam Infra IPO	Trom Industries IPO
Anchor Bid Date	Jul 23, 2024	Jul 24, 2024
Issue Open	Jul 24, 2024	Jul 25, 2024
Issue Close	Jul 26, 2024	Jul 29, 2024
Basis Of Allotment (Tentative)	Jul 29, 2024	Jul 30, 2024
Initiation of Refunds (Tentative)	Jul 30, 2024	Jul 31, 2024
Credit of Share (Tentative)	Jul 30, 2024	Jul 31, 2024
Listing date (Tentative)	Jul 31, 2024	Aug 01, 2024
Anchor Lockin End date 1	Aug 28, 2024	Aug 29, 2024
Anchor Lockin End date 2	Oct 27, 2024	Oct 28, 2024

Financials & KPIs

Manglam Infra IPO P/E ratio is 10.49, as compared to Trom Industries IPO P/E ratio of 12.98.

Manglam Infra IPO

Trom Industries 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

Trom Industries Limited Financial Information (Restated)

Trom Industries Limited's revenue increased by 125.98% and profit after tax (PAT) rose by 1885.2% 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	2,919.93	2,155.35	1,854.32
Total Income	5,454.68	2,413.80	3,056.55
Profit After Tax	572.93	28.86	35.98
Net Worth	1,222.57	249.92	221.12
Reserves and Surplus	575.84	248.92	220.12
Total Borrowing	573.71	492.82	85.66
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

98.84

Promoter Shareholding (Post-Issue)

69.52

P/E Ratio

10.49

12.98

Market Cap

₹98.54 Cr.

₹105.74 Cr.

ROE

49.44%

77.82%

ROCE

44.95%

47.11%

Debt/Equity

0.26

0.47

EPS

₹5.34

₹8.86

RoNW

49.44%

77.82%

Shares Offered

In the Manglam Infra IPO Retail Individual Investors (RII) are offered 15,44,000 shares while in Trom Industries IPO retail investors are offered 15,44,000 shares. Qualified Institutional Buyers (QIB) are offered 8,82,000 shares in Manglam Infra IPO and 5,18,400 shares in Trom Industries IPO.

	Manglam Infra IPO	Trom Industries IPO
Anchor Investor Reserveration	13,22,000 shares	7,76,400 shares
Market Maker Reserveration	5,22,000 shares	1,36,800 shares
QIB	8,82,000 shares	5,18,400 shares
NII	6,62,000 shares	3,88,800 shares
RII	15,44,000 shares	9,07,200 shares
Employee
Others
Total	44,10,000 shares	25,90,800 shares

Bids Received (Subscription)

Manglam Infra IPO subscribed 394.42x in total, whereas Trom Industries IPO subscribed 459.00x.

	Manglam Infra IPO	Trom Industries IPO
QIB (times)	163.04x	197.07x
NII (times)	756.73x	751.90x
Big NII (times)
Small NII (times)
RII (times)	371.72x	483.14x
Employee (times)
Other (times)
Total (times)	394.42x	459.00x

Compare with others

Manglam Infra IPO	Trom Industries IPO
Sathlokhar Synergys E&C IPO	Kizi Apparels IPO
Trom Industries IPO	Ashapura Logistics IPO
Esprit Stones IPO	Rajputana Industries IPO
S A Tech Software IPO	Bulkcorp International IPO
Aprameya Engineering IPO	Sathlokhar Synergys E&C IPO
Chetana Education IPO	Esprit Stones IPO
Clinitech Laboratory IPO	S A Tech Software IPO
VVIP Infratech IPO	Aprameya Engineering IPO
V.L.Infraprojects IPO	Manglam Infra IPO
RNFI Services IPO	Chetana Education IPO