Comparison between Manba Finance IPO and Northern Arc Capital IPO.
Manba Finance IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Northern Arc Capital IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Manba Finance IPO is up to ₹150.84 Cr whereas the issue size of the Northern Arc Capital IPO is up to ₹777.00 Cr. The final issue price of Manba Finance IPO is ₹120.00 per share and of Northern Arc Capital IPO is ₹263.00 per share.
| Manba Finance IPO | Northern Arc Capital IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹114.00 per share | ₹249.00 per share |
| Issue Price (Upper) | ₹120.00 per share | ₹263.00 per share |
| Issue Price (Final) | ₹120.00 per share | ₹263.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹24.00 per share | |
| Market Lot Size | 125 shares | 57 shares |
| Fresh Issue Size | 1,25,70,000 shares | 1,90,65,326 shares |
| Fresh Issue Size (Amount) | up to ₹150.84 Cr | up to ₹500.50 Cr |
| OFS Issue Size | 0 shares | 1,05,32,320 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹276.50 Cr |
| Issue Size Total | 1,25,70,000 shares | 2,95,97,646 shares |
| Issue Size Total (Amount) | up to ₹150.84 Cr | up to ₹777.00 Cr |
Manba Finance IPO opens on Sep 23, 2024, while Northern Arc Capital IPO opens on Sep 16, 2024. The closing date of Manba Finance IPO and Northern Arc Capital IPO is Sep 25, 2024, and Sep 19, 2024, respectively.
| Manba Finance IPO | Northern Arc Capital IPO | |
|---|---|---|
| Anchor Bid Date | Sep 20, 2024 | Sep 13, 2024 |
| Issue Open | Sep 23, 2024 | Sep 16, 2024 |
| Issue Close | Sep 25, 2024 | Sep 19, 2024 |
| Basis Of Allotment (Tentative) | Sep 26, 2024 | Sep 20, 2024 |
| Initiation of Refunds (Tentative) | Sep 26, 2024 | Sep 23, 2024 |
| Credit of Share (Tentative) | Sep 27, 2024 | Sep 23, 2024 |
| Listing date (Tentative) | Sep 30, 2024 | Sep 24, 2024 |
| Anchor Lockin End date 1 | Oct 26, 2024 | Oct 19, 2024 |
| Anchor Lockin End date 2 | Dec 25, 2024 | Dec 18, 2024 |
Manba Finance IPO P/E ratio is 14.39, as compared to Northern Arc Capital IPO P/E ratio of 11.78.
| Manba Finance IPO | Northern Arc Capital IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 74.98 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 14.39 | 11.78 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹602.87 Cr. | ₹4242.86 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 21.36% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 19.39% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 3.75 | 3.90 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹8.34 | ₹22.32 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 15.66% | 13.32% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Manba Finance IPO Retail Individual Investors (RII) are offered 43,99,500 shares while in Northern Arc Capital IPO retail investors are offered 43,99,500 shares. Qualified Institutional Buyers (QIB) are offered 25,14,000 shares in Manba Finance IPO and 58,01,354 shares in Northern Arc Capital IPO.
| Manba Finance IPO | Northern Arc Capital IPO | |
|---|---|---|
| Anchor Investor Reservation | 37,71,000 shares | 87,02,031 shares |
| Market Maker Reservation | ||
| QIB | 25,14,000 shares | 58,01,354 shares |
| NII | 18,85,500 shares | 43,51,016 shares |
| RII | 43,99,500 shares | 1,01,52,371 shares |
| Employee | 5,90,874 shares | |
| Others | ||
| Total | 1,25,70,000 shares | 2,95,97,646 shares |
Manba Finance IPO subscribed 224.05x in total, whereas Northern Arc Capital IPO subscribed 117.19x.
| Manba Finance IPO | Northern Arc Capital IPO | |
|---|---|---|
| QIB (times) | 148.55x | 242.73x |
| NII (times) | 511.62x | 147.58x |
| Big NII (times) | 546.56x | 160.48x |
| Small NII (times) | 441.73x | 121.79x |
| RII (times) | 143.95x | 32.01x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 224.05x | 117.19x |
