Comparison between Manba Finance IPO and Waaree Energies IPO.
Manba Finance IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Waaree Energies 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 Waaree Energies IPO is up to ₹4,321.44 Cr. The final issue price of Manba Finance IPO is ₹120.00 per share and of Waaree Energies IPO is ₹1,503.00 per share.
| Manba Finance IPO | Waaree Energies IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹114.00 per share | ₹1,427.00 per share |
| Issue Price (Upper) | ₹120.00 per share | ₹1,503.00 per share |
| Issue Price (Final) | ₹120.00 per share | ₹1,503.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹0.00 per share | |
| Market Lot Size | 125 shares | 9 shares |
| Fresh Issue Size | 1,25,70,000 shares | 2,39,52,095 shares |
| Fresh Issue Size (Amount) | up to ₹150.84 Cr | up to ₹3,600.00 Cr |
| OFS Issue Size | 0 shares | 48,00,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹721.44 Cr |
| Issue Size Total | 1,25,70,000 shares | 2,87,52,095 shares |
| Issue Size Total (Amount) | up to ₹150.84 Cr | up to ₹4,321.44 Cr |
Manba Finance IPO opens on Sep 23, 2024, while Waaree Energies IPO opens on Oct 21, 2024. The closing date of Manba Finance IPO and Waaree Energies IPO is Sep 25, 2024, and Oct 23, 2024, respectively.
| Manba Finance IPO | Waaree Energies IPO | |
|---|---|---|
| Anchor Bid Date | Sep 20, 2024 | Oct 18, 2024 |
| Issue Open | Sep 23, 2024 | Oct 21, 2024 |
| Issue Close | Sep 25, 2024 | Oct 23, 2024 |
| Basis Of Allotment (Tentative) | Sep 26, 2024 | Oct 24, 2024 |
| Initiation of Refunds (Tentative) | Sep 26, 2024 | Oct 25, 2024 |
| Credit of Share (Tentative) | Sep 27, 2024 | Oct 25, 2024 |
| Listing date (Tentative) | Sep 30, 2024 | Oct 28, 2024 |
| Anchor Lockin End date 1 | Oct 26, 2024 | Nov 22, 2024 |
| Anchor Lockin End date 2 | Dec 25, 2024 | Jan 21, 2025 |
Manba Finance IPO P/E ratio is 14.39, as compared to Waaree Energies IPO P/E ratio of 30.87.
| Manba Finance IPO | Waaree Energies IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100 | 71.8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 74.98 | 64.3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 14.39 | 30.87 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹602.87 Cr. | ₹42939.36 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 21.36% | 8.79% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 19.39% | 9.45% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 3.75 | 0.06 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹8.34 | ₹48.69 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 15.66% | 8.81% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Manba Finance IPO Retail Individual Investors (RII) are offered 43,99,500 shares while in Waaree Energies IPO retail investors are offered 43,99,500 shares. Qualified Institutional Buyers (QIB) are offered 25,14,000 shares in Manba Finance IPO and 56,63,925 shares in Waaree Energies IPO.
| Manba Finance IPO | Waaree Energies IPO | |
|---|---|---|
| Anchor Investor Reservation | 37,71,000 shares | 84,95,887 shares |
| Market Maker Reservation | ||
| QIB | 25,14,000 shares | 56,63,925 shares |
| NII | 18,85,500 shares | 42,47,945 shares |
| RII | 43,99,500 shares | 99,11,870 shares |
| Employee | 4,32,468 shares | |
| Others | ||
| Total | 1,25,70,000 shares | 2,87,52,095 shares |
Manba Finance IPO subscribed 224.05x in total, whereas Waaree Energies IPO subscribed 79.44x.
| Manba Finance IPO | Waaree Energies IPO | |
|---|---|---|
| QIB (times) | 148.55x | 215.03x |
| NII (times) | 511.62x | 65.25x |
| Big NII (times) | 546.56x | 71.32x |
| Small NII (times) | 441.73x | 53.10x |
| RII (times) | 143.95x | 11.27x |
| Employee (times) | 5.45x | |
| Other (times) | ||
| Total (times) | 224.05x | 79.44x |
