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Divgi TorqTransfer Systems IPO vs Mankind Pharma IPO

Comparison between Divgi TorqTransfer Systems IPO and Mankind Pharma IPO.

IPO Details

Divgi TorqTransfer Systems IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Mankind Pharma IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

 Divgi TorqTransfer Systems IPOMankind Pharma IPO
LogoDivgi TorqTransfer Systems IPO LogoMankind Pharma IPO Logo
Issue CategoryMainboardMainboard
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE, NSEBSE, NSE
Lead ManagersEquirus Capital Pvt.Ltd.

Inga Ventures Pvt.Ltd.		JP Morgan India Pvt.Ltd.

Jefferies India Pvt.Ltd.

IIFL Capital Services Ltd.

Axis Capital Ltd.

Kotak Mahindra Capital Co.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Kfin Technologies Ltd.
Market Maker
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Divgi TorqTransfer Systems IPO is up to ₹412.12 Cr whereas the issue size of the Mankind Pharma IPO is up to ₹4,326.36 Cr. The final issue price of Divgi TorqTransfer Systems IPO is ₹590.00 per share and of Mankind Pharma IPO is ₹1,080.00 per share.

 Divgi TorqTransfer Systems IPOMankind Pharma IPO
Face Value₹5 per share₹1 per share
Issue Price (Lower)₹560.00 per share₹1,026.00 per share
Issue Price (Upper)₹590.00 per share₹1,080.00 per share
Issue Price (Final)₹590.00 per share₹1,080.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size25 shares13 shares
Fresh Issue Size30,50,847 shares0 shares
Fresh Issue Size (Amount)up to ₹180.00 Crup to ₹0.00 Cr
OFS Issue Size39,34,243 shares4,00,58,844 shares
OFS Issue Size (Amount)up to ₹232.12 Crup to ₹4,326.36 Cr
Issue Size Total69,85,090 shares4,00,58,844 shares
Issue Size Total (Amount)up to ₹412.12 Crup to ₹4,326.36 Cr

IPO Timetable

Divgi TorqTransfer Systems IPO opens on Mar 01, 2023, while Mankind Pharma IPO opens on Apr 25, 2023. The closing date of Divgi TorqTransfer Systems IPO and Mankind Pharma IPO is Mar 03, 2023, and Apr 27, 2023, respectively.

 Divgi TorqTransfer Systems IPOMankind Pharma IPO
Anchor Bid DateFeb 28, 2023Apr 24, 2023
Issue OpenMar 01, 2023Apr 25, 2023
Issue CloseMar 03, 2023Apr 27, 2023
Basis Of Allotment (Tentative)Mar 09, 2023May 03, 2023
Initiation of Refunds (Tentative)Mar 10, 2023May 04, 2023
Credit of Share (Tentative)Mar 13, 2023May 05, 2023
Listing date (Tentative)Mar 14, 2023May 09, 2023
Anchor Lockin End date 1Apr 08, 2023Jun 02, 2023
Anchor Lockin End date 2Jun 07, 2023Aug 01, 2023

Financials & KPIs

Divgi TorqTransfer Systems IPO P/E ratio is 35.16, as compared to Mankind Pharma IPO P/E ratio of 32.5.

 Divgi TorqTransfer Systems IPOMankind Pharma IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets430.21405.37362.88303.70
Total Income137.55241.87195.03170.74
Profit After Tax25.6646.1538.0428.04
NET Worth356.20340.02295.88209.53
Reserves and Surplus342.44326.25288.99203.51
Total Borrowing0.500.120.2650.41
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Dec 202231 Mar 202231 Dec 202131 Mar 202131 Mar 2020
Assets9,273.759,147.748,043.886,372.635,073.29
Total Income6,777.827,977.586,218.296,385.385,975.65
Profit After Tax1,015.981,452.961,260.241,293.031,056.15
NET Worth7,145.896,155.235,965.464,722.003,485.31
Reserves and Surplus7,094.126,106.065,916.864,674.393,436.34
Total Borrowing167.93868.03268.70234.53126.92
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)67.1879.00
Promoter Shareholding (Post-Issue)76.50
P/E Ratio35.1632.5
Market Cap₹1804.39 Cr.₹43263.60 Cr.
ROE14.5227.60%
ROCE29.4726.10%
Debt/Equity0.00
EPS₹16.76₹33.20
RoNW13.5727.70%

Shares Offered

In the Divgi TorqTransfer Systems IPO Retail Individual Investors (RII) are offered 6,98,509 shares while in Mankind Pharma IPO retail investors are offered 6,98,509 shares. Qualified Institutional Buyers (QIB) are offered 20,95,528 shares in Divgi TorqTransfer Systems IPO and 80,11,769 shares in Mankind Pharma IPO.

 Divgi TorqTransfer Systems IPOMankind Pharma IPO
Anchor Investor Reservation31,43,290 shares1,20,17,652 shares
Market Maker Reservation
QIB20,95,528 shares80,11,769 shares
NII10,47,763 shares60,08,827 shares
RII6,98,509 shares1,40,20,596 shares
Employee
Others
Total69,85,090 shares4,00,58,844 shares

Bids Received (Subscription)

Divgi TorqTransfer Systems IPO subscribed 5.44x in total, whereas Mankind Pharma IPO subscribed 15.32x.

 Divgi TorqTransfer Systems IPOMankind Pharma IPO
QIB (times)7.83x49.16x
NII (times)1.40x3.80x
Big NII (times)0.89x4.99x
Small NII (times)2.41x1.41x
RII (times)4.31x0.92x
Employee (times)
Other (times)
Total (times)5.44x15.32x

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