Avalon Technologies IPO vs Mankind Pharma IPO

Comparison between Avalon Technologies IPO and Mankind Pharma IPO.

IPO Details

Avalon Technologies IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Mankind Pharma IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Avalon Technologies IPO is up to ₹865.00 Cr whereas the issue size of the Mankind Pharma IPO is up to ₹4,326.36 Cr. The final issue price of Avalon Technologies IPO is ₹436.00 per share and of Mankind Pharma IPO is ₹1,080.00 per share.

 Avalon Technologies IPOMankind Pharma IPO
Face Value₹2 per share₹1 per share
Issue Price (Lower)₹415.00 per share₹1,026.00 per share
Issue Price (Upper)₹436.00 per share₹1,080.00 per share
Issue Price (Final)₹436.00 per share₹1,080.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size34 shares13 shares
Fresh Issue Size73,39,449 shares0 shares
Fresh Issue Size (Amount)up to ₹320.00 Crup to ₹0.00 Cr
OFS Issue Size1,24,99,997 shares4,00,58,844 shares
OFS Issue Size (Amount)up to ₹545.00 Crup to ₹4,326.36 Cr
Issue Size Total1,98,39,446 shares4,00,58,844 shares
Issue Size Total (Amount)up to ₹865.00 Crup to ₹4,326.36 Cr

IPO Timetable

Avalon Technologies IPO opens on Apr 03, 2023, while Mankind Pharma IPO opens on Apr 25, 2023. The closing date of Avalon Technologies IPO and Mankind Pharma IPO is Apr 06, 2023, and Apr 27, 2023, respectively.

 Avalon Technologies IPOMankind Pharma IPO
Anchor Bid DateMar 31, 2023Apr 24, 2023
Issue OpenApr 03, 2023Apr 25, 2023
Issue CloseApr 06, 2023Apr 27, 2023
Basis Of Allotment (Tentative)Apr 12, 2023May 03, 2023
Initiation of Refunds (Tentative)Apr 13, 2023May 04, 2023
Credit of Share (Tentative)Apr 17, 2023May 05, 2023
Listing date (Tentative)Apr 18, 2023May 09, 2023
Anchor Lockin End date 1May 12, 2023Jun 02, 2023
Anchor Lockin End date 2Jul 11, 2023Aug 01, 2023

Financials & KPIs

Avalon Technologies IPO P/E ratio is 55.54, as compared to Mankind Pharma IPO P/E ratio of 32.5.

 Avalon Technologies IPOMankind Pharma IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Mar 202231 Mar 202131 Mar 2020
Assets587.96512.48449.65
Total Income851.65695.90653.15
Profit After Tax68.1623.0812.33
Total Borrowing294.05295.33248.48
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Dec 202231 Mar 202231 Dec 202131 Mar 202131 Mar 2020
Assets9,273.759,147.748,043.886,372.635,073.29
Total Income6,777.827,977.586,218.296,385.385,975.65
Profit After Tax1,015.981,452.961,260.241,293.031,056.15
NET Worth7,145.896,155.235,965.464,722.003,485.31
Reserves and Surplus7,094.126,106.065,916.864,674.393,436.34
Total Borrowing167.93868.03268.70234.53126.92
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)70.7579.00
Promoter Shareholding (Post-Issue)51.2476.50
P/E Ratio55.5432.5
Market Cap₹2846.76 Cr.₹43263.60 Cr.
ROE85.927.60%
ROCE27.426.10%
Debt/Equity3.64
EPS₹11.30₹33.20
RoNW85.8627.70%

Shares Offered

In the Avalon Technologies IPO Retail Individual Investors (RII) are offered 19,83,944 shares while in Mankind Pharma IPO retail investors are offered 19,83,944 shares. Qualified Institutional Buyers (QIB) are offered 59,51,835 shares in Avalon Technologies IPO and 80,11,769 shares in Mankind Pharma IPO.

 Avalon Technologies IPOMankind Pharma IPO
Anchor Investor Reservation89,27,751 shares1,20,17,652 shares
Market Maker Reservation
QIB59,51,835 shares80,11,769 shares
NII29,75,916 shares60,08,827 shares
RII19,83,944 shares1,40,20,596 shares
Employee
Others
Total1,98,39,446 shares4,00,58,844 shares

Bids Received (Subscription)

Avalon Technologies IPO subscribed 2.34x in total, whereas Mankind Pharma IPO subscribed 15.32x.

 Avalon Technologies IPOMankind Pharma IPO
QIB (times)3.77x49.16x
NII (times)0.43x3.80x
Big NII (times)0.44x4.99x
Small NII (times)0.41x1.41x
RII (times)0.88x0.92x
Employee (times)
Other (times)
Total (times)2.34x15.32x

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