Diffusion Engineers IPO vs Manba Finance IPO

Comparison between Diffusion Engineers IPO and Manba Finance IPO.

IPO Details

Diffusion Engineers 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.

Issue Size and Price

The total issue size of Diffusion Engineers IPO is up to ₹157.96 Cr whereas the issue size of the Manba Finance IPO is up to ₹150.84 Cr. The final issue price of Diffusion Engineers IPO is ₹168.00 per share and of Manba Finance IPO is ₹120.00 per share.

 Diffusion Engineers IPOManba Finance IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹159.00 per share₹114.00 per share
Issue Price (Upper)₹168.00 per share₹120.00 per share
Issue Price (Final)₹168.00 per share₹120.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹8.00 per share
Market Lot Size88 shares125 shares
Fresh Issue Size94,05,000 shares1,25,70,000 shares
Fresh Issue Size (Amount)up to ₹157.96 Crup to ₹150.84 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total94,05,000 shares1,25,70,000 shares
Issue Size Total (Amount)up to ₹157.96 Crup to ₹150.84 Cr

IPO Timetable

Diffusion Engineers IPO opens on Sep 26, 2024, while Manba Finance IPO opens on Sep 23, 2024. The closing date of Diffusion Engineers IPO and Manba Finance IPO is Sep 30, 2024, and Sep 25, 2024, respectively.

 Diffusion Engineers IPOManba Finance IPO
Anchor Bid DateSep 25, 2024Sep 20, 2024
Issue OpenSep 26, 2024Sep 23, 2024
Issue CloseSep 30, 2024Sep 25, 2024
Basis Of Allotment (Tentative)Oct 01, 2024Sep 26, 2024
Initiation of Refunds (Tentative)Oct 03, 2024Sep 26, 2024
Credit of Share (Tentative)Oct 03, 2024Sep 27, 2024
Listing date (Tentative)Oct 04, 2024Sep 30, 2024
Anchor Lockin End date 1Oct 31, 2024Oct 26, 2024
Anchor Lockin End date 2Dec 30, 2024Dec 25, 2024

Financials & KPIs

Diffusion Engineers IPO P/E ratio is 15.28, as compared to Manba Finance IPO P/E ratio of 14.39.

 Diffusion Engineers IPOManba Finance IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets275.59230.34189.55
Total Income285.56258.67208.75
Profit After Tax30.8022.1517.05
NET Worth190.70142.00120.65
Reserves and Surplus163.03138.39117.34
Total Borrowing34.4448.0924.60
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets973.75787.25561.46
Total Income191.63133.32106.62
Profit After Tax31.4216.589.74
NET Worth200.61168.43151.74
Reserves and Surplus162.46155.54138.96
Total Borrowing752.27595.93394.40
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)93.1100
Promoter Shareholding (Post-Issue)69.774.98
P/E Ratio15.2814.39
Market Cap₹628.76 Cr.₹602.87 Cr.
ROE18.52%21.36%
ROCE20.63%19.39%
Debt/Equity0.183.75
EPS₹10.99₹8.34
RoNW18.52%15.66%

Shares Offered

In the Diffusion Engineers IPO Retail Individual Investors (RII) are offered 32,74,250 shares while in Manba Finance IPO retail investors are offered 32,74,250 shares. Qualified Institutional Buyers (QIB) are offered 18,71,000 shares in Diffusion Engineers IPO and 25,14,000 shares in Manba Finance IPO.

 Diffusion Engineers IPOManba Finance IPO
Anchor Investor Reservation28,06,500 shares37,71,000 shares
Market Maker Reservation
QIB18,71,000 shares25,14,000 shares
NII14,03,250 shares18,85,500 shares
RII32,74,250 shares43,99,500 shares
Employee50,000 shares
Others
Total94,05,000 shares1,25,70,000 shares

Bids Received (Subscription)

Diffusion Engineers IPO subscribed 114.50x in total, whereas Manba Finance IPO subscribed 224.05x.

 Diffusion Engineers IPOManba Finance IPO
QIB (times)95.74x148.55x
NII (times)207.60x511.62x
Big NII (times)203.34x546.56x
Small NII (times)216.13x441.73x
RII (times)85.61x143.95x
Employee (times)95.05x
Other (times)
Total (times)114.50x224.05x

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Diffusion Engineers IPO Vs Manba Finance IPO