KRN Heat Exchanger IPO vs Manba Finance IPO

Comparision between KRN Heat Exchanger IPO and Manba Finance IPO.

IPO Details

KRN Heat Exchanger 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.

	KRN Heat Exchanger 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	Holani Consultants Private Limited	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 KRN Heat Exchanger IPO is up to ₹341.95 Cr whereas the issue size of the Manba Finance IPO is up to ₹150.84 Cr. The final issue price of KRN Heat Exchanger IPO is ₹220.00 per share and of Manba Finance IPO is ₹120.00 per share.

	KRN Heat Exchanger IPO	Manba Finance IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹209.00 per share	₹114.00 per share
Issue Price (Upper)	₹220.00 per share	₹120.00 per share
Issue Price (Final)	₹220.00 per share	₹120.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	65 shares	125 shares
Fresh Issue Size	1,55,43,000 shares	1,25,70,000 shares
Fresh Issue Size (Amount)	up to ₹341.95 Cr	up to ₹150.84 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	1,55,43,000 shares	1,25,70,000 shares
Issue Size Total (Amount)	up to ₹341.95 Cr	up to ₹150.84 Cr

IPO Timetable

KRN Heat Exchanger IPO opens on Sep 25, 2024, while Manba Finance IPO opens on Sep 23, 2024. The closing date of KRN Heat Exchanger IPO and Manba Finance IPO is Sep 27, 2024, and Sep 25, 2024, respectively.

	KRN Heat Exchanger IPO	Manba Finance IPO
Anchor Bid Date	Sep 24, 2024	Sep 20, 2024
Issue Open	Sep 25, 2024	Sep 23, 2024
Issue Close	Sep 27, 2024	Sep 25, 2024
Basis Of Allotment (Tentative)	Sep 30, 2024	Sep 26, 2024
Initiation of Refunds (Tentative)	Oct 01, 2024	Sep 26, 2024
Credit of Share (Tentative)	Oct 01, 2024	Sep 27, 2024
Listing date (Tentative)	Oct 03, 2024	Sep 30, 2024
Anchor Lockin End date 1	Oct 30, 2024	Oct 26, 2024
Anchor Lockin End date 2	Dec 29, 2024	Dec 25, 2024

Financials

KRN Heat Exchanger IPO P/E ratio is 24.78, as compared to Manba Finance IPO P/E ratio of 14.39.

KRN Heat Exchanger IPO

Manba Finance IPO

Financial

KRN Heat Exchanger and Refrigeration Limited Financial Information (Restated Consolidated)

Period Ended	31 Mar 2024
Assets	258.36
Revenue	313.54
Profit After Tax	39.07
Net Worth	131.65
Total Borrowing	59.69
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)

94.39%

100%

Promoter Shareholding (Post-Issue)

74.98%

P/E Ratio

24.78

14.39

Market Cap

₹1309.51 Cr.

₹602.87 Cr.

ROE

40.86%%

21.36%%

ROCE

31.21%%

19.39%%

Debt/Equity

0.45

3.75

EPS

₹8.88

₹8.34

RoNW

29.68%%

15.66%%

Shares Offered

In the KRN Heat Exchanger IPO retail investors (RII) are offered 54,98,330 shares while in Manba Finance IPO retail investors are offered 54,98,330 shares. Qualified institutional buyers (QIB) are offered 31,07,455 shares in KRN Heat Exchanger IPO and 25,14,000 shares in Manba Finance IPO.

	KRN Heat Exchanger IPO	Manba Finance IPO
Anchor Investor Reserveration	45,50,000 shares	37,71,000 shares
Market Maker Reserveration
QIB	31,07,455 shares	25,14,000 shares
NII	23,87,215 shares	18,85,500 shares
RII	54,98,330 shares	43,99,500 shares
Employee	0 shares	0 shares
Others
Total	1,09,93,000 shares	87,99,000 shares

Bids Received (Subscription)

KRN Heat Exchanger IPO subscribed 213.41x in total, whereas Manba Finance IPO subscribed 224.05x.

	KRN Heat Exchanger IPO	Manba Finance IPO
QIB (times)	253.04x	148.55x
NII (times)	430.54x	511.62x
Big NII (times)	445.31x	546.56x
Small NII (times)	401.01x	441.73x
RII (times)	96.74x	143.95x
Employee (times)
Other (times)
Total (times)	213.41x	224.05x

Compare with others

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

Comments

Add a public comment...