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Mandeep Auto Industries IPO vs Varyaa Creations IPO

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.

 Mandeep Auto Industries IPOVaryaa Creations IPO
LogoMandeep Auto Industries IPO LogoVaryaa Creations IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersJawa Capital Services Pvt.Ltd.Inventure Merchant Banker Services Pvt.Ltd.
RegistrarCameo Corporate Services Ltd.Bigshare Services Pvt.Ltd.
Market MakerAftertrade Broking Pvt.Ltd.Svcm Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
IPO Allotment URLIPO Allotment URL IPO Allotment URL

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.

 Mandeep Auto Industries IPOVaryaa Creations IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹67.00 per share₹150.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares1000 shares
Fresh Issue Size35,78,000 shares12,70,000 shares
Fresh Issue Size (Amount)up to ₹23.97 Crup to ₹19.05 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total35,78,000 shares12,70,000 shares
Issue Size Total (Amount)up to ₹23.97 Crup to ₹19.05 Cr

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 IPOVaryaa Creations IPO
Issue OpenMay 13, 2024Apr 22, 2024
Issue CloseMay 15, 2024Apr 25, 2024
Basis Of Allotment (Tentative)May 16, 2024Apr 26, 2024
Initiation of Refunds (Tentative)May 17, 2024Apr 29, 2024
Credit of Share (Tentative)May 17, 2024Apr 29, 2024
Listing date (Tentative)May 21, 2024Apr 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.

 Mandeep Auto Industries IPOVaryaa Creations IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets24.2519.6312.9810.50
Total Income16.5729.7921.9015.63
Profit After Tax2.151.050.650.50
NET Worth8.214.544.142.80
Reserves and Surplus1.64
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets10.4920.011.442.18
Total Income17.625.382.530.12
Profit After Tax3.510.790.58-0.13
NET Worth4.110.59-0.19-0.77
Reserves and Surplus0.660.44-0.34-0.92
Total Borrowing0.452.84
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.97%100%
Promoter Shareholding (Post-Issue)63.53%72.02%
P/E Ratio10.1565.56
Market Cap₹69.26 Cr.₹71.85 Cr.
ROE30.1585.52
ROCE27.94114.57
Debt/Equity1.00
EPS₹6.60₹2.29
RoNW25.9785.52

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 IPOVaryaa Creations IPO
Market Maker Reservation1,90,000 shares70,000 shares
NII17,88,000 shares6,35,000 shares
RII17,90,000 shares6,35,000 shares
Total35,78,000 shares12,70,000 shares

Bids Received (Subscription)

Mandeep Auto Industries IPO subscribed 76.06x in total, whereas Varyaa Creations IPO subscribed 3.58x.

 Mandeep Auto Industries IPOVaryaa Creations IPO
NII (times)61.57x1.08x
RII (times)90.52x6.08x
Total (times)76.06x3.58x

Compare with others

Mandeep Auto Industries IPOVaryaa Creations IPO
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Compare:

Mandeep Auto Industries IPO Vs Varyaa Creations IPO