Comparison between Garuda Construction IPO and Manba Finance IPO.
Garuda Construction IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Manba Finance IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Garuda Construction IPO is up to ₹264.10 Cr whereas the issue size of the Manba Finance IPO is up to ₹150.84 Cr. The final issue price of Garuda Construction IPO is ₹95.00 per share and of Manba Finance IPO is ₹120.00 per share.
| Garuda Construction IPO | Manba Finance IPO | |
|---|---|---|
| Face Value | ₹5 per share | ₹10 per share |
| Issue Price (Lower) | ₹90.00 per share | ₹114.00 per share |
| Issue Price (Upper) | ₹95.00 per share | ₹120.00 per share |
| Issue Price (Final) | ₹95.00 per share | ₹120.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 157 shares | 125 shares |
| Fresh Issue Size | 1,83,00,000 shares | 1,25,70,000 shares |
| Fresh Issue Size (Amount) | up to ₹173.85 Cr | up to ₹150.84 Cr |
| OFS Issue Size | 95,00,000 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹90.25 Cr | up to ₹0.00 Cr |
| Issue Size Total | 2,78,00,000 shares | 1,25,70,000 shares |
| Issue Size Total (Amount) | up to ₹264.10 Cr | up to ₹150.84 Cr |
Garuda Construction IPO opens on Oct 08, 2024, while Manba Finance IPO opens on Sep 23, 2024. The closing date of Garuda Construction IPO and Manba Finance IPO is Oct 10, 2024, and Sep 25, 2024, respectively.
| Garuda Construction IPO | Manba Finance IPO | |
|---|---|---|
| Anchor Bid Date | Oct 07, 2024 | Sep 20, 2024 |
| Issue Open | Oct 08, 2024 | Sep 23, 2024 |
| Issue Close | Oct 10, 2024 | Sep 25, 2024 |
| Basis Of Allotment (Tentative) | Oct 11, 2024 | Sep 26, 2024 |
| Initiation of Refunds (Tentative) | Oct 14, 2024 | Sep 26, 2024 |
| Credit of Share (Tentative) | Oct 14, 2024 | Sep 27, 2024 |
| Listing date (Tentative) | Oct 15, 2024 | Sep 30, 2024 |
| Anchor Lockin End date 1 | Nov 10, 2024 | Oct 26, 2024 |
| Anchor Lockin End date 2 | Jan 09, 2025 | Dec 25, 2024 |
Garuda Construction IPO P/E ratio is 19.49, as compared to Manba Finance IPO P/E ratio of 14.39.
| Garuda Construction IPO | Manba Finance IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 96.82 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 67.56 | 74.98 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 19.49 | 14.39 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹883.90 Cr. | ₹602.87 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 36.14% | 21.36% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 46.69% | 19.39% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 3.75 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹4.87 | ₹8.34 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 30.62% | 15.66% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Garuda Construction IPO Retail Individual Investors (RII) are offered 97,30,000 shares while in Manba Finance IPO retail investors are offered 97,30,000 shares. Qualified Institutional Buyers (QIB) are offered 55,60,000 shares in Garuda Construction IPO and 25,14,000 shares in Manba Finance IPO.
| Garuda Construction IPO | Manba Finance IPO | |
|---|---|---|
| Anchor Investor Reservation | 83,40,000 shares | 37,71,000 shares |
| Market Maker Reservation | ||
| QIB | 55,60,000 shares | 25,14,000 shares |
| NII | 41,70,000 shares | 18,85,500 shares |
| RII | 97,30,000 shares | 43,99,500 shares |
| Employee | ||
| Others | ||
| Total | 2,78,00,000 shares | 1,25,70,000 shares |
Garuda Construction IPO subscribed 7.55x in total, whereas Manba Finance IPO subscribed 224.05x.
| Garuda Construction IPO | Manba Finance IPO | |
|---|---|---|
| QIB (times) | 1.24x | 148.55x |
| NII (times) | 9.03x | 511.62x |
| Big NII (times) | 7.93x | 546.56x |
| Small NII (times) | 11.23x | 441.73x |
| RII (times) | 10.81x | 143.95x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 7.55x | 224.05x |
