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Mangal Compusolution IPO vs United Heat Transfer IPO

Comparison between Mangal Compusolution IPO and United Heat Transfer IPO.

IPO Details

Mangal Compusolution IPO is a SME Bookbuilding IPO proposed to list at BSE SME while United Heat Transfer IPO is a SME Bookbuilding proposed to list at NSE SME.

 Mangal Compusolution IPOUnited Heat Transfer IPO
LogoMangal Compusolution IPO LogoUnited Heat Transfer IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersJawa Capital Services Pvt.Ltd.Swastika Investmart Ltd.
RegistrarKfin Technologies Ltd.MUFG Intime India Pvt.Ltd.
Market MakerRikhav Securities Ltd.Swastika Investmart 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 Mangal Compusolution IPO is up to ₹15.39 Cr whereas the issue size of the United Heat Transfer IPO is up to ₹28.49 Cr. The final issue price of Mangal Compusolution IPO is ₹45.00 per share and of United Heat Transfer IPO is ₹59.00 per share.

 Mangal Compusolution IPOUnited Heat Transfer IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹56.00 per share
Issue Price (Upper)₹59.00 per share
Issue Price (Final)₹45.00 per share₹59.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares2000 shares
Fresh Issue Size34,20,000 shares48,28,000 shares
Fresh Issue Size (Amount)up to ₹15.39 Crup to ₹28.49 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total34,20,000 shares48,28,000 shares
Issue Size Total (Amount)up to ₹15.39 Crup to ₹28.49 Cr

IPO Timetable

Mangal Compusolution IPO opens on Nov 12, 2024, while United Heat Transfer IPO opens on Oct 22, 2024. The closing date of Mangal Compusolution IPO and United Heat Transfer IPO is Nov 14, 2024, and Oct 24, 2024, respectively.

 Mangal Compusolution IPOUnited Heat Transfer IPO
Anchor Bid DateOct 21, 2024
Issue OpenNov 12, 2024Oct 22, 2024
Issue CloseNov 14, 2024Oct 24, 2024
Basis Of Allotment (Tentative)Nov 18, 2024Oct 25, 2024
Initiation of Refunds (Tentative)Nov 19, 2024Oct 28, 2024
Credit of Share (Tentative)Nov 19, 2024Oct 28, 2024
Listing date (Tentative)Nov 21, 2024Oct 29, 2024
Anchor Lockin End date 1Nov 23, 2024
Anchor Lockin End date 2Jan 22, 2025

Financials & KPIs

Mangal Compusolution IPO P/E ratio is 11.66, as compared to United Heat Transfer IPO P/E ratio of 13.16.

 Mangal Compusolution IPOUnited Heat Transfer IPO
Financials

Mangal Compusolution Limited Financial Information (Restated)

Mangal Compusolution Limited's revenue decreased by -32.69% and profit after tax (PAT) dropped by -45.21% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets4,492.014,552.124,715.715,267.09
Total Income453.442,344.423,483.181,848.78
Profit After Tax80.97385.80704.0986.62
Net Worth2,080.881,999.901,614.10910.00
Reserves and Surplus1,080.88999.901,414.10710.00
Total Borrowing1,862.752,041.212,652.303,434.12
Amount in ₹ Lakhs

United Heat Transfer Limited Financial Information (Restated)

United Heat Transfer Limited's revenue decreased by -9% and profit after tax (PAT) rose by 195% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Jul 202431 Mar 202431 Mar 202331 Mar 2022
Assets7,230.037,046.676,481.526,262.36
Total Income2,120.016,409.557,040.154,796.11
Profit After Tax242.53623.85211.54152.67
Net Worth2,865.242,037.711,413.861,202.32
Reserves and Surplus1,473.24762.71988.86777.32
Total Borrowing3,202.133,692.183,295.183,761.47
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.0091.59
Promoter Shareholding (Post-Issue)73.5067.09
P/E Ratio11.6613.16
Market Cap₹61.23 Cr.₹112.12 Cr.
ROE3.97%8.46%
ROCE2.05%10.79%
Debt/Equity0.901.12
EPS₹3.86₹4.48
RoNW15.56%8.46%

Shares Offered

In the Mangal Compusolution IPO Retail Individual Investors (RII) are offered 17,10,000 shares while in United Heat Transfer IPO retail investors are offered 17,10,000 shares. Qualified Institutional Buyers (QIB) are offered in Mangal Compusolution IPO and 9,74,000 shares in United Heat Transfer IPO.

 Mangal Compusolution IPOUnited Heat Transfer IPO
Anchor Investor Reserveration14,34,000 shares
Market Maker Reserveration1,86,000 shares2,56,000 shares
QIB9,74,000 shares
NII17,10,000 shares7,28,000 shares
RII17,10,000 shares16,92,000 shares
Employee
Others
Total34,20,000 shares48,28,000 shares

Bids Received (Subscription)

Mangal Compusolution IPO subscribed 34.59x in total, whereas United Heat Transfer IPO subscribed 83.70x.

 Mangal Compusolution IPOUnited Heat Transfer IPO
QIB (times)26.56x
NII (times)22.28x124.72x
Big NII (times)
Small NII (times)
RII (times)46.91x98.93x
Employee (times)
Other (times)
Total (times)34.59x83.70x