Manba Finance IPO vs Waaree Energies IPO

Comparision between Manba Finance IPO and Waaree Energies IPO.

IPO Details

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

	Manba Finance IPO	Waaree Energies 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	Hem Securities Limited	Axis Capital Limited Iifl Securities Ltd Jefferies India Private Limited Nomura Financial Advisory And Securities (India) Pvt Ltd SBI Capital Markets Limited Intensive Fiscal Services Private Limited Iti Capital Ltd
Registrar	Link Intime India Private 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 Manba Finance IPO is up to ₹150.84 Cr whereas the issue size of the Waaree Energies IPO is up to ₹4,321.44 Cr. The final issue price of Manba Finance IPO is ₹120.00 per share and of Waaree Energies IPO is ₹1,503.00 per share.

	Manba Finance IPO	Waaree Energies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹114.00 per share	₹1,427.00 per share
Issue Price (Upper)	₹120.00 per share	₹1,503.00 per share
Issue Price (Final)	₹120.00 per share	₹1,503.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	125 shares	9 shares
Fresh Issue Size	1,25,70,000 shares	2,39,52,095 shares
Fresh Issue Size (Amount)	up to ₹150.84 Cr	up to ₹3,600.00 Cr
OFS Issue Size		48,00,000 shares
OFS Issue Size (Amount)		up to ₹721.44 Cr
Issue Size Total	1,25,70,000 shares	2,87,52,095 shares
Issue Size Total (Amount)	up to ₹150.84 Cr	up to ₹4,321.44 Cr

IPO Timetable

Manba Finance IPO opens on Sep 23, 2024, while Waaree Energies IPO opens on Oct 21, 2024. The closing date of Manba Finance IPO and Waaree Energies IPO is Sep 25, 2024, and Oct 23, 2024, respectively.

	Manba Finance IPO	Waaree Energies IPO
Anchor Bid Date	Sep 20, 2024	Oct 18, 2024
Issue Open	Sep 23, 2024	Oct 21, 2024
Issue Close	Sep 25, 2024	Oct 23, 2024
Basis Of Allotment (Tentative)	Sep 26, 2024	Oct 24, 2024
Initiation of Refunds (Tentative)	Sep 26, 2024	Oct 25, 2024
Credit of Share (Tentative)	Sep 27, 2024	Oct 25, 2024
Listing date (Tentative)	Sep 30, 2024	Oct 28, 2024
Anchor Lockin End date 1	Oct 26, 2024	Nov 22, 2024
Anchor Lockin End date 2	Dec 25, 2024	Jan 21, 2025

Financials

Manba Finance IPO P/E ratio is 14.39, as compared to Waaree Energies IPO P/E ratio of 30.87.

Manba Finance IPO

Waaree Energies IPO

Financial

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

Waaree Energies Limited Financial Information (Restated Consolidated)

Waaree Energies Limited's revenue increased by 69.56% and profit after tax (PAT) rose by 154.73% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	11,989.48	11,313.73	7,419.92	2,237.40
Revenue	3,496.41	11,632.76	6,860.36	2,945.85
Profit After Tax	401.13	1,274.38	500.28	79.65
Net Worth	4,471.71	4,074.84	1,826.02	427.13
Reserves and Surplus	4,221.69	3,825.00	1,594.92	230.43
Total Borrowing	261.24	317.32	273.48	313.08
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100%

71.80%

Promoter Shareholding (Post-Issue)

74.98%

64.30%

P/E Ratio

14.39

30.87

Market Cap

₹602.87 Cr.

₹42939.36 Cr.

ROE

21.36%%

8.79%%

ROCE

19.39%%

9.45%%

Debt/Equity

3.75

0.06

EPS

₹8.34

₹48.69

RoNW

15.66%%

8.81%%

Shares Offered

In the Manba Finance IPO retail investors (RII) are offered 43,99,500 shares while in Waaree Energies IPO retail investors are offered 43,99,500 shares. Qualified institutional buyers (QIB) are offered 25,14,000 shares in Manba Finance IPO and 56,63,925 shares in Waaree Energies IPO.

	Manba Finance IPO	Waaree Energies IPO
Anchor Investor Reserveration	37,71,000 shares	84,95,887 shares
Market Maker Reserveration
QIB	25,14,000 shares	56,63,925 shares
NII	18,85,500 shares	42,47,945 shares
RII	43,99,500 shares	99,11,869 shares
Employee	0 shares	4,32,468 shares
Others
Total	87,99,000 shares	2,02,56,207 shares

Bids Received (Subscription)

Manba Finance IPO subscribed 224.05x in total, whereas Waaree Energies IPO subscribed 79.44x.

	Manba Finance IPO	Waaree Energies IPO
QIB (times)	148.55x	215.03x
NII (times)	511.62x	65.25x
Big NII (times)	546.56x	71.32x
Small NII (times)	441.73x	53.10x
RII (times)	143.95x	11.27x
Employee (times)		5.45x
Other (times)
Total (times)	224.05x	79.44x

Compare with others

Manba Finance IPO	Waaree Energies IPO
Waaree Energies IPO	Sagility India IPO
Garuda Construction and Engineering IPO	ACME Solar Holdings IPO
Afcons Infrastructure IPO	Swiggy IPO
Hyundai Motor IPO	Godavari Biorefineries IPO
Diffusion Engineers IPO	Deepak Builders & Engineers IPO
KRN Heat Exchanger IPO	Garuda Construction and Engineering IPO
Northern Arc Capital IPO	Afcons Infrastructure IPO
Arkade Developers IPO	Hyundai Motor IPO
Western Carriers (India) IPO	Diffusion Engineers IPO
P N Gadgil Jewellers IPO	Manba Finance IPO

Comments

Add a public comment...