Manba Finance IPO vs P N Gadgil Jewellers IPO

Comparision between Manba Finance IPO and P N Gadgil Jewellers IPO.

IPO Details

Manba Finance IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while P N Gadgil Jewellers IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Manba Finance IPO	P N Gadgil Jewellers 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	Motilal Oswal Investment Advisors Limited Nuvama Wealth Management Limited Bob Capital Markets Limited
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt 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 P N Gadgil Jewellers IPO is up to ₹1,100.00 Cr. The final issue price of Manba Finance IPO is ₹120.00 per share and of P N Gadgil Jewellers IPO is ₹480.00 per share.

	Manba Finance IPO	P N Gadgil Jewellers IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹114.00 per share	₹456.00 per share
Issue Price (Upper)	₹120.00 per share	₹480.00 per share
Issue Price (Final)	₹120.00 per share	₹480.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	125 shares	31 shares
Fresh Issue Size	1,25,70,000 shares	1,77,08,334 shares
Fresh Issue Size (Amount)	up to ₹150.84 Cr	up to ₹850.00 Cr
OFS Issue Size		52,08,333 shares
OFS Issue Size (Amount)		up to ₹250.00 Cr
Issue Size Total	1,25,70,000 shares	2,29,16,667 shares
Issue Size Total (Amount)	up to ₹150.84 Cr	up to ₹1,100.00 Cr

IPO Timetable

Manba Finance IPO opens on Sep 23, 2024, while P N Gadgil Jewellers IPO opens on Sep 10, 2024. The closing date of Manba Finance IPO and P N Gadgil Jewellers IPO is Sep 25, 2024, and Sep 12, 2024, respectively.

	Manba Finance IPO	P N Gadgil Jewellers IPO
Anchor Bid Date	Sep 20, 2024	Sep 09, 2024
Issue Open	Sep 23, 2024	Sep 10, 2024
Issue Close	Sep 25, 2024	Sep 12, 2024
Basis Of Allotment (Tentative)	Sep 26, 2024	Sep 13, 2024
Initiation of Refunds (Tentative)	Sep 26, 2024	Sep 16, 2024
Credit of Share (Tentative)	Sep 27, 2024	Sep 16, 2024
Listing date (Tentative)	Sep 30, 2024	Sep 17, 2024
Anchor Lockin End date 1	Oct 26, 2024	Oct 13, 2024
Anchor Lockin End date 2	Dec 25, 2024	Dec 12, 2024

Financials

Manba Finance IPO P/E ratio is 14.39, as compared to P N Gadgil Jewellers IPO P/E ratio of 36.7.

Manba Finance IPO

P N Gadgil Jewellers 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

P N Gadgil Jewellers Limited Financial Information (Restated Consolidated)

P N Gadgil Jewellers Limited's revenue increased by 34% and profit after tax (PAT) rose by 65% 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	1,464.98	1,062.55	1,110.24
Revenue	6,119.1	4,559.31	2,586.31
Profit After Tax	154.34	93.7	69.52
Net Worth	534.38	365.73	282.01
Reserves and Surplus		255.53	191.22
Total Borrowing	396.5	283.21	294.93
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

74.98%

83.11 %

P/E Ratio

14.39

36.7

Market Cap

₹602.87 Cr.

₹6514.00 Cr.

ROE

21.36%%

28.88%%

ROCE

19.39%%

27.31%%

Debt/Equity

3.75

0.74

EPS

₹8.34

₹13.08

RoNW

15.66%%

28.88%%

Shares Offered

In the Manba Finance IPO retail investors (RII) are offered 43,99,500 shares while in P N Gadgil Jewellers IPO retail investors are offered 43,99,500 shares. Qualified institutional buyers (QIB) are offered 25,14,000 shares in Manba Finance IPO and 48,24,560 shares in P N Gadgil Jewellers IPO.

	Manba Finance IPO	P N Gadgil Jewellers IPO
Anchor Investor Reserveration	37,71,000 shares	68,74,999 shares
Market Maker Reserveration
QIB	25,14,000 shares	48,24,560 shares
NII	18,85,500 shares	36,18,421 shares
RII	43,99,500 shares	84,42,983 shares
Employee	0 shares	0 shares
Others
Total	87,99,000 shares	1,68,85,964 shares

Bids Received (Subscription)

Manba Finance IPO subscribed 224.05x in total, whereas P N Gadgil Jewellers IPO subscribed 59.41x.

	Manba Finance IPO	P N Gadgil Jewellers IPO
QIB (times)	148.55x	136.85x
NII (times)	511.62x	56.08x
Big NII (times)	546.56x	59.11x
Small NII (times)	441.73x	50.03x
RII (times)	143.95x	16.58x
Employee (times)
Other (times)
Total (times)	224.05x	59.41x

Compare with others

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

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