Diffusion Engineers IPO vs Manba Finance IPO

Comparision between Diffusion Engineers IPO and Manba Finance IPO.

IPO Details

Diffusion Engineers 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.

	Diffusion Engineers 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

Issue Size and Price

The total issue size of Diffusion Engineers IPO is up to ₹158.00 Cr whereas the issue size of the Manba Finance IPO is up to ₹150.84 Cr. The final issue price of Diffusion Engineers IPO is ₹168.00 per share and of Manba Finance IPO is ₹120.00 per share.

	Diffusion Engineers IPO	Manba Finance IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹159.00 per share	₹114.00 per share
Issue Price (Upper)	₹168.00 per share	₹120.00 per share
Issue Price (Final)	₹168.00 per share	₹120.00 per share
Discount (Retail)
Discount (Employee)	₹8.00 per share
Market Lot Size	88 shares	125 shares
Fresh Issue Size	94,05,000 shares	1,25,70,000 shares
Fresh Issue Size (Amount)	up to ₹158.00 Cr	up to ₹150.84 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	94,05,000 shares	1,25,70,000 shares
Issue Size Total (Amount)	up to ₹158.00 Cr	up to ₹150.84 Cr

IPO Timetable

Diffusion Engineers IPO opens on Sep 26, 2024, while Manba Finance IPO opens on Sep 23, 2024. The closing date of Diffusion Engineers IPO and Manba Finance IPO is Sep 30, 2024, and Sep 25, 2024, respectively.

	Diffusion Engineers IPO	Manba Finance IPO
Anchor Bid Date	Sep 25, 2024	Sep 20, 2024
Issue Open	Sep 26, 2024	Sep 23, 2024
Issue Close	Sep 30, 2024	Sep 25, 2024
Basis Of Allotment (Tentative)	Oct 01, 2024	Sep 26, 2024
Initiation of Refunds (Tentative)	Oct 03, 2024	Sep 26, 2024
Credit of Share (Tentative)	Oct 03, 2024	Sep 27, 2024
Listing date (Tentative)	Oct 04, 2024	Sep 30, 2024
Anchor Lockin End date 1	Oct 31, 2024	Oct 26, 2024
Anchor Lockin End date 2	Dec 30, 2024	Dec 25, 2024

Financials

Diffusion Engineers IPO P/E ratio is 15.28, as compared to Manba Finance IPO P/E ratio of 14.39.

Diffusion Engineers IPO

Manba Finance IPO

Financial

Diffusion Engineers Limited Financial Information (Restated Consolidated)

Diffusion Engineers Limited's revenue increased by 10% and profit after tax (PAT) rose by 39% 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	275.59	230.34	189.55
Revenue	285.56	258.67	208.75
Profit After Tax	30.8	22.15	17.05
Net Worth	190.7	142	120.65
Reserves and Surplus	163.03	138.39	117.34
Total Borrowing	34.44	48.09	24.6
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)

93.10%

100%

Promoter Shareholding (Post-Issue)

69.70%

74.98%

P/E Ratio

15.28

14.39

Market Cap

₹628.76 Cr.

₹602.87 Cr.

ROE

18.52%%

21.36%%

ROCE

20.63%%

Debt/Equity

0.18

3.75

EPS

₹10.99

₹8.34

RoNW

18.52%%

15.66%%

Shares Offered

In the Diffusion Engineers IPO retail investors (RII) are offered 32,74,250 shares while in Manba Finance IPO retail investors are offered 32,74,250 shares. Qualified institutional buyers (QIB) are offered 18,71,000 shares in Diffusion Engineers IPO and 25,14,000 shares in Manba Finance IPO.

	Diffusion Engineers IPO	Manba Finance IPO
Anchor Investor Reserveration	28,06,500 shares	37,71,000 shares
Market Maker Reserveration
QIB	18,71,000 shares	25,14,000 shares
NII	14,03,250 shares	18,85,500 shares
RII	32,74,250 shares	43,99,500 shares
Employee	50,000 shares	0 shares
Others
Total	65,98,500 shares	87,99,000 shares

Bids Received (Subscription)

Diffusion Engineers IPO subscribed 10.65x in total, whereas Manba Finance IPO subscribed 224.05x.

	Diffusion Engineers IPO	Manba Finance IPO
QIB (times)	0.03x	148.55x
NII (times)	11.75x	511.62x
Big NII (times)	7.76x	546.56x
Small NII (times)	19.73x	441.73x
RII (times)	16.07x	143.95x
Employee (times)	22.24x
Other (times)
Total (times)	10.65x	224.05x

Compare with others

Diffusion Engineers IPO	Manba Finance IPO
Hyundai Motor IPO	Hyundai Motor IPO
Manba Finance IPO	Diffusion Engineers IPO
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Northern Arc Capital IPO	Northern Arc Capital IPO
Arkade Developers IPO	Arkade Developers IPO
Western Carriers (India) IPO	Western Carriers (India) IPO
	P N Gadgil Jewellers IPO

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