Afcons Infrastructure IPO vs Manba Finance IPO

Comparision between Afcons Infrastructure IPO and Manba Finance IPO.

IPO Details

Afcons Infrastructure 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.

	Afcons Infrastructure 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	ICICI Securities Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Jefferies India Private Limited Nomura Financial Advisory And Securities (India) Pvt Ltd Nuvama Wealth Management Limited SBI Capital Markets Limited	Hem Securities Limited
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP		RHP
Anchor Investor		Anchor Investor
IPO Allotment URL		IPO Allotment URL

Issue Size and Price

The total issue size of Afcons Infrastructure IPO is up to ₹7,000.00 Cr whereas the issue size of the Manba Finance IPO is up to ₹150.84 Cr. The final issue price of Afcons Infrastructure IPO is and of Manba Finance IPO is ₹120.00 per share.

	Afcons Infrastructure IPO	Manba Finance IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹114.00 per share
Issue Price (Upper)		₹120.00 per share
Issue Price (Final)		₹120.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size		125 shares
Fresh Issue Size		1,25,70,000 shares
Fresh Issue Size (Amount)	up to ₹1,250.00 Cr	up to ₹150.84 Cr
OFS Issue Size
OFS Issue Size (Amount)	up to ₹5,750.00 Cr
Issue Size Total		1,25,70,000 shares
Issue Size Total (Amount)	up to ₹7,000.00 Cr	up to ₹150.84 Cr

IPO Timetable

Afcons Infrastructure IPO opens on , while Manba Finance IPO opens on Sep 23, 2024. The closing date of Afcons Infrastructure IPO and Manba Finance IPO is , and Sep 25, 2024, respectively.

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

Financials

Afcons Infrastructure IPO P/E ratio is , as compared to Manba Finance IPO P/E ratio of 14.39.

Afcons Infrastructure IPO

Manba Finance IPO

Financial

Afcons Infrastructure Limited Financial Information (Restated Consolidated)

Afcons Infrastructure Limited's revenue increased by 6% and profit after tax (PAT) rose by 9% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	16,233.64	14,301.25	12,973.77	12,489.94
Revenue	13,646.88	12,844.09	11,269.55	9,521.12
Profit After Tax	449.76	410.86	357.61	169.91
Net Worth		3,155.06	2,691.03	2,369.47
Reserves and Surplus	2,718.55	2,132.55
Total Borrowing		1,562.82	1,555.2	1,588.59
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)

99.48%

100%

Promoter Shareholding (Post-Issue)

74.98%

P/E Ratio

14.39

Market Cap

₹602.87 Cr.

ROE

21.36%%

ROCE

19.39%%

Debt/Equity

3.75

EPS

₹8.34

RoNW

15.66%%

Shares Offered

In the Afcons Infrastructure IPO retail investors (RII) are offered while in Manba Finance IPO retail investors are offered . Qualified institutional buyers (QIB) are offered in Afcons Infrastructure IPO and 25,14,000 shares in Manba Finance IPO.

	Afcons Infrastructure IPO	Manba Finance IPO
Anchor Investor Reserveration		37,71,000 shares
Market Maker Reserveration
QIB		25,14,000 shares
NII		18,85,500 shares
RII		43,99,500 shares
Employee		0 shares
Others
Total		87,99,000 shares

Bids Received (Subscription)

Afcons Infrastructure IPO subscribed in total, whereas Manba Finance IPO subscribed 224.05x.

	Afcons Infrastructure IPO	Manba Finance IPO
QIB (times)		148.55x
NII (times)		511.62x
Big NII (times)		546.56x
Small NII (times)		441.73x
RII (times)		143.95x
Employee (times)
Other (times)
Total (times)		224.05x

Compare with others

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

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