Mandeep Auto Industries IPO vs Varyaa Creations IPO

Comparision between Mandeep Auto Industries IPO and Varyaa Creations IPO.

IPO Details

Mandeep Auto Industries IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Varyaa Creations IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Mandeep Auto Industries IPO	Varyaa Creations IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Jawa Capital Services Private Limited	Inventure Merchant Banker Services Pvt Ltd
Registrar	Cameo Corporate Services Limited	Bigshare Services Pvt Ltd
Market Maker	Aftertrade Broking Pvt Ltd	Svcm Securities Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Mandeep Auto Industries IPO is up to ₹25.25 Cr whereas the issue size of the Varyaa Creations IPO is up to ₹20.10 Cr. The final issue price of Mandeep Auto Industries IPO is ₹67.00 per share and of Varyaa Creations IPO is ₹150.00 per share.

	Mandeep Auto Industries IPO	Varyaa Creations IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹67.00 per share	₹150.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1000 shares
Fresh Issue Size	37,68,000 shares	13,40,000 shares
Fresh Issue Size (Amount)	up to ₹25.25 Cr	up to ₹20.10 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	37,68,000 shares	13,40,000 shares
Issue Size Total (Amount)	up to ₹25.25 Cr	up to ₹20.10 Cr

IPO Timetable

Mandeep Auto Industries IPO opens on May 13, 2024, while Varyaa Creations IPO opens on Apr 22, 2024. The closing date of Mandeep Auto Industries IPO and Varyaa Creations IPO is May 15, 2024, and Apr 25, 2024, respectively.

	Mandeep Auto Industries IPO	Varyaa Creations IPO
Anchor Bid Date
Issue Open	May 13, 2024	Apr 22, 2024
Issue Close	May 15, 2024	Apr 25, 2024
Basis Of Allotment (Tentative)	May 16, 2024	Apr 26, 2024
Initiation of Refunds (Tentative)	May 17, 2024	Apr 29, 2024
Credit of Share (Tentative)	May 17, 2024	Apr 29, 2024
Listing date (Tentative)	May 21, 2024	Apr 30, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Mandeep Auto Industries IPO P/E ratio is 10.15, as compared to Varyaa Creations IPO P/E ratio of 65.56.

Mandeep Auto Industries IPO

Varyaa Creations IPO

Financial

Mandeep Auto Industries Limited Financial Information (Restated Standalone)

Mandeep Auto Industries Limited's revenue increased by 36.03% and profit after tax (PAT) rose by 62.17% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,424.73	1,963.15	1,297.81	1,050.17
Revenue	1,656.76	2,978.74	2,189.73	1,563.49
Profit After Tax	214.93	104.91	64.69	49.81
Net Worth	820.80	453.54	413.61	280.42
Reserves and Surplus	163.81
Amount in ₹ Lakhs

Varyaa Creations Limited Financial Information (Restated)

Varyaa Creations Limited's revenue increased by 112.55% and profit after tax (PAT) rose by 36.13% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,049.17	2,000.55	143.78	218.32
Revenue	1,762.49	538.03	253.13	12.05
Profit After Tax	351.11	78.93	57.98	-13.06
Net Worth	410.56	59.45	-19.47	-77.46
Reserves and Surplus	65.56	44.45	-34.47	-92.46
Total Borrowing			44.81	283.82
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.97%

100.00%

Promoter Shareholding (Post-Issue)

63.53%

72.02%

P/E Ratio

10.15

65.56

Market Cap

₹69.26 Cr.

₹71.85 Cr.

ROE

30.15%%

85.52%%

ROCE

27.94%%

114.57%%

Debt/Equity

EPS

₹6.60

₹2.29

RoNW

25.97%%

85.52%%

Shares Offered

In the Mandeep Auto Industries IPO retail investors (RII) are offered 17,89,000 shares while in Varyaa Creations IPO retail investors are offered 17,89,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Mandeep Auto Industries IPO and 0 shares in Varyaa Creations IPO.

	Mandeep Auto Industries IPO	Varyaa Creations IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,90,000 shares	70,000 shares
QIB	0 shares	0 shares
NII	17,89,000 shares	6,35,000 shares
RII	17,89,000 shares	6,35,000 shares
Employee	0 shares	0 shares
Others
Total	35,78,000 shares	12,70,000 shares

Bids Received (Subscription)

Mandeep Auto Industries IPO subscribed 77.23x in total, whereas Varyaa Creations IPO subscribed 3.59x.

	Mandeep Auto Industries IPO	Varyaa Creations IPO
QIB (times)
NII (times)	61.54x	1.08x
Big NII (times)
Small NII (times)
RII (times)	90.57x	6.09x
Employee (times)
Other (times)
Total (times)	77.23x	3.59x

Compare with others

Mandeep Auto Industries IPO	Varyaa Creations IPO
Winsol Engineers IPO	Amkay Products IPO
Slone Infosystems IPO	Storage Technologies Racks and Rollers IPO
Sai Swami Metals and Alloys IPO	Mandeep Auto Industries IPO
Amkay Products IPO	ABS Marine Services IPO
Storage Technologies Racks and Rollers IPO	Shivam Chemicals IPO
ABS Marine Services IPO	Faalcon Concepts IPO
Shivam Chemicals IPO	Emmforce Autotech IPO
Varyaa Creations IPO	Birdy's IPO
Faalcon Concepts IPO	Greenhitech Ventures IPO
Emmforce Autotech IPO	Finelistings Technologies IPO

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