Comparison between Mandeep Auto Industries IPO and Varyaa Creations IPO.
IPO Details
Mandeep Auto Industries IPO is a SME Fixed Price IPO proposed to list at NSE SME while Varyaa Creations IPO is a SME Fixed Price proposed to list at BSE SME.
Issue Size and Price
The total issue size of Mandeep Auto Industries IPO is up to ₹23.97 Cr whereas the issue size of the Varyaa Creations IPO is up to ₹19.05 Cr. The final issue price of Mandeep Auto Industries IPO is ₹67.00 per share and of Varyaa Creations IPO is ₹150.00 per share.
IPO Timetable
Mandeep Auto Industries IPO opens on May 13, 2024, while Varyaa Creations IPO opens on Apr 22, 2024. The closing date of Mandeep Auto Industries IPO and Varyaa Creations IPO is May 15, 2024, and Apr 25, 2024, respectively.
| | Mandeep Auto Industries IPO | Varyaa Creations IPO |
|---|
| Issue Open | May 13, 2024 | Apr 22, 2024 |
| Issue Close | May 15, 2024 | Apr 25, 2024 |
| Basis Of Allotment (Tentative) | May 16, 2024 | Apr 26, 2024 |
| Initiation of Refunds (Tentative) | May 17, 2024 | Apr 29, 2024 |
| Credit of Share (Tentative) | May 17, 2024 | Apr 29, 2024 |
| Listing date (Tentative) | May 21, 2024 | Apr 30, 2024 |
Financials & KPIs
Mandeep Auto Industries IPO P/E ratio is 10.15, as compared to Varyaa Creations IPO P/E ratio of 65.56.
Shares Offered
In the Mandeep Auto Industries IPO Retail Individual Investors (RII) are offered 17,90,000 shares while in Varyaa Creations IPO retail investors are offered 17,90,000 shares. Qualified Institutional Buyers (QIB) are offered in Mandeep Auto Industries IPO and in Varyaa Creations IPO.
| | Mandeep Auto Industries IPO | Varyaa Creations IPO |
|---|
| Market Maker Reservation | 1,90,000 shares | 70,000 shares |
| NII | 17,88,000 shares | 6,35,000 shares |
| RII | 17,90,000 shares | 6,35,000 shares |
| Total | 35,78,000 shares | 12,70,000 shares |
Bids Received (Subscription)
Mandeep Auto Industries IPO subscribed 76.06x in total, whereas Varyaa Creations IPO subscribed 3.58x.
