Divgi TorqTransfer Systems IPO vs Mankind Pharma IPO

Comparision between Divgi TorqTransfer Systems IPO and Mankind Pharma IPO.

IPO Details

Divgi TorqTransfer Systems IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Mankind Pharma IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Divgi TorqTransfer Systems IPO	Mankind Pharma 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	Inga Ventures Pvt Ltd Equirus Capital Private Limited	Kotak Mahindra Capital Company Limited Axis Capital Limited Iifl Securities Ltd Jefferies India Private Limited J.P. Morgan India Private 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 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 IPO	Mankind 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)
Discount (Employee)
Market Lot Size	25 shares	13 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹180.00 Cr
OFS Issue Size	39,34,243 shares	4,00,58,844 shares
OFS Issue Size (Amount)	up to ₹232.12 Cr	up to ₹4,326.36 Cr
Issue Size Total		4,00,58,844 shares
Issue Size Total (Amount)	up to ₹412.12 Cr	up 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 IPO	Mankind Pharma IPO
Anchor Bid Date	Feb 28, 2023	Apr 24, 2023
Issue Open	Mar 01, 2023	Apr 25, 2023
Issue Close	Mar 03, 2023	Apr 27, 2023
Basis Of Allotment (Tentative)	Mar 09, 2023	May 03, 2023
Initiation of Refunds (Tentative)	Mar 10, 2023	May 04, 2023
Credit of Share (Tentative)	Mar 13, 2023	May 05, 2023
Listing date (Tentative)	Mar 14, 2023	May 09, 2023
Anchor Lockin End date 1	Apr 08, 2023	Jun 02, 2023
Anchor Lockin End date 2	Jun 07, 2023	Aug 01, 2023

Financials

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 IPO

Mankind Pharma IPO

Financial

Divgi TorqTransfer Systems Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	303.70	170.74	28.04	209.53	203.51	50.41
31-Mar-21	362.88	195.03	38.04	295.88	288.99	0.26
31-Mar-22	405.37	241.87	46.15	340.02	326.25	0.12
30-Sep-22	430.21	137.55	25.66	356.20	342.44	0.50
Amount in ₹ Crore

Mankind Pharma Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	5,073.29	5,975.65	1,056.15	3,485.31	3,436.34	126.92
31-Mar-21	6,372.63	6,385.38	1,293.03	4,722.00	4,674.39	234.53
31-Dec-21	8,043.88	6,218.29	1,260.24	5,965.46	5,916.86	268.70
31-Mar-22	9,147.74	7,977.58	1,452.96	6,155.23	6,106.06	868.03
31-Dec-22	9,273.75	6,777.82	1,015.98	7,145.89	7,094.12	167.93
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

67.18%

79.00%

Promoter Shareholding (Post-Issue)

76.50%

P/E Ratio

35.16

32.5

Market Cap

₹1804.39 Cr.

₹43263.60 Cr.

ROE

27.60%%

ROCE

26.10%%

Debt/Equity

EPS

₹33.20

RoNW

27.70%%

Shares Offered

In the Divgi TorqTransfer Systems IPO retail 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 IPO	Mankind Pharma IPO
Anchor Investor Reserveration	31,43,290 shares	1,20,17,652 shares
Market Maker Reserveration
QIB	20,95,528 shares	80,11,769 shares
NII	10,47,763 shares	60,08,827 shares
RII	6,98,509 shares	1,40,20,596 shares
Employee	0 shares	0 shares
Others
Total	38,41,800 shares	2,80,41,192 shares

Bids Received (Subscription)

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

	Divgi TorqTransfer Systems IPO	Mankind Pharma IPO
QIB (times)	7.83x	49.16x
NII (times)	1.40x	3.80x
Big NII (times)	0.89x	4.99x
Small NII (times)	2.41x	1.41x
RII (times)	4.31x	0.92x
Employee (times)
Other (times)
Total (times)	5.44x	15.32x

Compare with others

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Global Surfaces IPO	Nexus Select Trust REIT
Signatureglobal India IPO	Avalon Technologies IPO
Radiant Cash Management IPO	Udayshivakumar Infra IPO
KFin Technologies IPO	Global Surfaces IPO
Abans Holdings IPO	Divgi TorqTransfer Systems IPO
Sah Polymers IPO	Signatureglobal India IPO

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