Delhivery IPO vs Manyavar IPO

Comparision between Delhivery IPO and Manyavar IPO.

IPO Details

Delhivery IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Manyavar IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Delhivery IPO	Manyavar IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Kotak Mahindra Capital Company Limited Morgan Stanley India Company Pvt Ltd Bofa Securities India Limited Citigroup Global Markets India Private Limited	Axis Capital Limited Edelweiss Financial Services Ltd ICICI Securities Limited Iifl Securities Ltd Kotak Mahindra Capital Company Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Delhivery IPO is up to ₹5,235.00 Cr whereas the issue size of the Manyavar IPO is up to ₹3,149.19 Cr. The final issue price of Delhivery IPO is ₹487.00 per share and of Manyavar IPO is ₹866.00 per share.

	Delhivery IPO	Manyavar IPO
Face Value	₹1 per share	₹1 per share
Issue Price (Lower)	₹462.00 per share	₹824.00 per share
Issue Price (Upper)	₹487.00 per share	₹866.00 per share
Issue Price (Final)	₹487.00 per share	₹866.00 per share
Discount (Retail)
Discount (Employee)	₹25.00 per share
Market Lot Size	30 shares	17 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹4,000.00 Cr
OFS Issue Size		3,63,64,838 shares
OFS Issue Size (Amount)	up to ₹1,235.00 Cr	up to ₹3,149.19 Cr
Issue Size Total		3,63,64,838 shares
Issue Size Total (Amount)	up to ₹5,235.00 Cr	up to ₹3,149.19 Cr

IPO Timetable

Delhivery IPO opens on May 11, 2022, while Manyavar IPO opens on Feb 04, 2022. The closing date of Delhivery IPO and Manyavar IPO is May 13, 2022, and Feb 08, 2022, respectively.

	Delhivery IPO	Manyavar IPO
Anchor Bid Date
Issue Open	May 11, 2022	Feb 04, 2022
Issue Close	May 13, 2022	Feb 08, 2022
Basis Of Allotment (Tentative)	May 19, 2022	Feb 11, 2022
Initiation of Refunds (Tentative)	May 20, 2022	Feb 14, 2022
Credit of Share (Tentative)	May 23, 2022	Feb 15, 2022
Listing date (Tentative)	May 24, 2022	Feb 16, 2022
Anchor Lockin End date 1	Jun 18, 2022	Mar 13, 2022
Anchor Lockin End date 2	Aug 17, 2022	May 12, 2022

Financials

Delhivery IPO P/E ratio is -67.3, as compared to Manyavar IPO P/E ratio of 106.78.

Delhivery IPO

Manyavar IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in million)
	31-Dec-21	31-Dec-20	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	84,294.83	47,847.56	45,977.98	43,573.08	40,625.45
Total Revenue	49,114.06	28,065.29	38,382.91	29,886.29	16,948.74
Profit After Tax	-8,911.39	-2,974.92	-4,157.43	-2,689.26	-17,833.04

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Millions)
	30-Sep-21	31-Mar-21	31-Mar-20
Total Assets	14,455.03	16,256.53	15,915.53
Total Revenue	3,872.90	6,250.19	9,479.76
Profit After Tax	984.07	1,329.03	2,366.37

Promoter Shareholding (Pre-Issue)

92.40%

Promoter Shareholding (Post-Issue)

84.9%

P/E Ratio

-67.3

106.78

Market Cap

₹35283.22 Cr.

₹21017.37 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Delhivery IPO retail investors (RII) are offered 1,12,87,878 shares while in Manyavar IPO retail investors are offered 1,12,87,878 shares. Qualified institutional buyers (QIB) are offered 3,38,63,662 shares in Delhivery IPO and 72,72,968 shares in Manyavar IPO.

	Delhivery IPO	Manyavar IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	3,38,63,662 shares	72,72,968 shares
NII	1,69,31,818 shares	54,54,726 shares
RII	1,12,87,878 shares	1,27,27,694 shares
Employee	4,57,665 shares	0 shares
Others
Total	6,25,41,023 shares	2,54,55,388 shares

Bids Received (Subscription)

Delhivery IPO subscribed 1.63x in total, whereas Manyavar IPO subscribed 2.57x.

	Delhivery IPO	Manyavar IPO
QIB (times)	2.66x	7.49x
NII (times)	0.30x	1.07x
Big NII (times)
Small NII (times)
RII (times)	0.57x	0.39x
Employee (times)	0.27x
Other (times)	0.00x
Total (times)	1.63x	2.57x

Compare with others

Delhivery IPO	Manyavar IPO
Hariom Pipe Industries IPO	Ethos Limited IPO
Veranda Learning IPO	Hariom Pipe Industries IPO
Uma Exports IPO	Veranda Learning IPO
LIC IPO	Uma Exports IPO
Manyavar IPO	LIC IPO
AGS Transact IPO	Delhivery IPO
CMS Info Systems IPO	AGS Transact IPO
Tracxn Technologies IPO	CMS Info Systems IPO
Supriya Lifescience IPO	Tracxn Technologies IPO
Medplus Health IPO	Supriya Lifescience IPO

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