Comparison between Manba Finance IPO and Western Carriers IPO.
Manba Finance IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Western Carriers 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 Western Carriers IPO is up to ₹492.88 Cr. The final issue price of Manba Finance IPO is ₹120.00 per share and of Western Carriers IPO is ₹172.00 per share.
| Manba Finance IPO | Western Carriers IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹5 per share |
| Issue Price (Lower) | ₹114.00 per share | ₹163.00 per share |
| Issue Price (Upper) | ₹120.00 per share | ₹172.00 per share |
| Issue Price (Final) | ₹120.00 per share | ₹172.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 125 shares | 87 shares |
| Fresh Issue Size | 1,25,70,000 shares | 2,32,55,813 shares |
| Fresh Issue Size (Amount) | up to ₹150.84 Cr | up to ₹400.00 Cr |
| OFS Issue Size | 0 shares | 54,00,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹92.88 Cr |
| Issue Size Total | 1,25,70,000 shares | 2,86,55,813 shares |
| Issue Size Total (Amount) | up to ₹150.84 Cr | up to ₹492.88 Cr |
Manba Finance IPO opens on Sep 23, 2024, while Western Carriers IPO opens on Sep 13, 2024. The closing date of Manba Finance IPO and Western Carriers IPO is Sep 25, 2024, and Sep 19, 2024, respectively.
| Manba Finance IPO | Western Carriers IPO | |
|---|---|---|
| Anchor Bid Date | Sep 20, 2024 | Sep 12, 2024 |
| Issue Open | Sep 23, 2024 | Sep 13, 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 Western Carriers IPO P/E ratio of 16.85.
| Manba Finance IPO | Western Carriers IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100 | 99.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 74.98 | 71.89 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 14.39 | 16.85 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹602.87 Cr. | ₹1753.63 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 21.36% | 22.41% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 19.39% | 29.23% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 3.75 | 0.67 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹8.34 | ₹10.21 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 15.66% | 20.17% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Manba Finance IPO Retail Individual Investors (RII) are offered 43,99,500 shares while in Western Carriers IPO retail investors are offered 43,99,500 shares. Qualified Institutional Buyers (QIB) are offered 25,14,000 shares in Manba Finance IPO and 57,31,163 shares in Western Carriers IPO.
| Manba Finance IPO | Western Carriers IPO | |
|---|---|---|
| Anchor Investor Reservation | 37,71,000 shares | 85,96,743 shares |
| Market Maker Reservation | ||
| QIB | 25,14,000 shares | 57,31,163 shares |
| NII | 18,85,500 shares | 42,98,372 shares |
| RII | 43,99,500 shares | 1,00,29,535 shares |
| Employee | ||
| Others | ||
| Total | 1,25,70,000 shares | 2,86,55,813 shares |
Manba Finance IPO subscribed 224.05x in total, whereas Western Carriers IPO subscribed 31.69x.
| Manba Finance IPO | Western Carriers IPO | |
|---|---|---|
| QIB (times) | 148.55x | 28.81x |
| NII (times) | 511.62x | 46.68x |
| Big NII (times) | 546.56x | 41.65x |
| Small NII (times) | 441.73x | 56.73x |
| RII (times) | 143.95x | 26.92x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 224.05x | 31.69x |
