Arkade Developers IPO vs Manba Finance IPO

Comparision between Arkade Developers IPO and Manba Finance IPO.

IPO Details

Arkade Developers IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Manba Finance IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Arkade Developers IPO	Manba Finance IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Unistone Capital Pvt Ltd	Hem Securities Limited
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private Ltd
Market Maker
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 Arkade Developers IPO is up to ₹410.00 Cr whereas the issue size of the Manba Finance IPO is up to ₹150.84 Cr. The final issue price of Arkade Developers IPO is ₹128.00 per share and of Manba Finance IPO is ₹120.00 per share.

	Arkade Developers IPO	Manba Finance IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹121.00 per share	₹114.00 per share
Issue Price (Upper)	₹128.00 per share	₹120.00 per share
Issue Price (Final)	₹128.00 per share	₹120.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	110 shares	125 shares
Fresh Issue Size	3,20,31,250 shares	1,25,70,000 shares
Fresh Issue Size (Amount)	up to ₹410.00 Cr	up to ₹150.84 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	3,20,31,250 shares	1,25,70,000 shares
Issue Size Total (Amount)	up to ₹410.00 Cr	up to ₹150.84 Cr

IPO Timetable

Arkade Developers IPO opens on Sep 16, 2024, while Manba Finance IPO opens on Sep 23, 2024. The closing date of Arkade Developers IPO and Manba Finance IPO is Sep 19, 2024, and Sep 25, 2024, respectively.

	Arkade Developers IPO	Manba Finance IPO
Anchor Bid Date	Sep 13, 2024	Sep 20, 2024
Issue Open	Sep 16, 2024	Sep 23, 2024
Issue Close	Sep 19, 2024	Sep 25, 2024
Basis Of Allotment (Tentative)	Sep 20, 2024	Sep 26, 2024
Initiation of Refunds (Tentative)	Sep 23, 2024	Sep 26, 2024
Credit of Share (Tentative)	Sep 23, 2024	Sep 27, 2024
Listing date (Tentative)	Sep 24, 2024	Sep 30, 2024
Anchor Lockin End date 1	Oct 20, 2024	Oct 26, 2024
Anchor Lockin End date 2	Dec 19, 2024	Dec 25, 2024

Financials

Arkade Developers IPO P/E ratio is 16.01, as compared to Manba Finance IPO P/E ratio of 14.39.

Arkade Developers IPO

Manba Finance IPO

Financial

Arkade Developers Limited Financial Information (Restated Consolidated)

Arkade Developers Limited's revenue increased by 184% and profit after tax (PAT) rose by 142% 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	575.01	555.41	369.97
Revenue	635.71	224.01	237.18
Profit After Tax	122.81	50.77	50.84
Net Worth	323.4	200.32	149.5
Reserves and Surplus	171.4	198.32	147.49
Total Borrowing	69.41	149	64.41
Amount in ₹ Crore

Manba Finance Limited Financial Information (Restated)

Manba Finance Limited's revenue increased by 44% and profit after tax (PAT) rose by 90% 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	973.75	787.25	561.46
Revenue	191.63	133.32	106.62
Profit After Tax	31.42	16.58	9.74
Net Worth	200.61	168.43	151.74
Reserves and Surplus	162.46	155.54	138.96
Total Borrowing	752.27	595.93	394.4
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

85.58%

100%

Promoter Shareholding (Post-Issue)

70.82%

74.98%

P/E Ratio

16.01

14.39

Market Cap

₹2376.41 Cr.

₹602.87 Cr.

ROE

46.90%%

21.36%%

ROCE

47.34%%

19.39%%

Debt/Equity

0.21

3.75

EPS

₹7.99

₹8.34

RoNW

46.90%%

15.66%%

Shares Offered

In the Arkade Developers IPO retail investors (RII) are offered 1,11,56,250 shares while in Manba Finance IPO retail investors are offered 1,11,56,250 shares. Qualified institutional buyers (QIB) are offered 63,75,000 shares in Arkade Developers IPO and 25,14,000 shares in Manba Finance IPO.

	Arkade Developers IPO	Manba Finance IPO
Anchor Investor Reserveration	95,62,500 shares	37,71,000 shares
Market Maker Reserveration
QIB	63,75,000 shares	25,14,000 shares
NII	47,81,250 shares	18,85,500 shares
RII	1,11,56,250 shares	43,99,500 shares
Employee	0 shares	0 shares
Others
Total	2,23,12,500 shares	87,99,000 shares

Bids Received (Subscription)

Arkade Developers IPO subscribed 113.49x in total, whereas Manba Finance IPO subscribed 224.05x.

	Arkade Developers IPO	Manba Finance IPO
QIB (times)	172.60x	148.55x
NII (times)	172.22x	511.62x
Big NII (times)	169.95x	546.56x
Small NII (times)	176.76x	441.73x
RII (times)	53.78x	143.95x
Employee (times)
Other (times)
Total (times)	113.49x	224.05x

Compare with others

Arkade Developers IPO	Manba Finance IPO
Hyundai Motor IPO	Waaree Energies IPO
Diffusion Engineers IPO	Garuda Construction and Engineering IPO
Manba Finance IPO	Afcons Infrastructure IPO
KRN Heat Exchanger IPO	Hyundai Motor IPO
Northern Arc Capital IPO	Diffusion Engineers IPO
Western Carriers (India) IPO	KRN Heat Exchanger IPO
P N Gadgil Jewellers IPO	Northern Arc Capital IPO
Kross IPO	Arkade Developers IPO
Tolins Tyres IPO	Western Carriers (India) IPO
Shree Tirupati Balajee IPO	P N Gadgil Jewellers IPO

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