ideaForge Technology IPO vs Mankind Pharma IPO

Comparision between ideaForge Technology IPO and Mankind Pharma IPO.

IPO Details

ideaForge Technology 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.

	ideaForge Technology 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	Jm Financial Limited Iifl Securities Ltd	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 ideaForge Technology IPO is up to ₹567.29 Cr whereas the issue size of the Mankind Pharma IPO is up to ₹4,326.36 Cr. The final issue price of ideaForge Technology IPO is ₹672.00 per share and of Mankind Pharma IPO is ₹1,080.00 per share.

	ideaForge Technology IPO	Mankind Pharma IPO
Face Value	₹10 per share	₹1 per share
Issue Price (Lower)	₹638.00 per share	₹1,026.00 per share
Issue Price (Upper)	₹672.00 per share	₹1,080.00 per share
Issue Price (Final)	₹672.00 per share	₹1,080.00 per share
Discount (Retail)
Discount (Employee)	₹32.00 per share
Market Lot Size	22 shares	13 shares
Fresh Issue Size	35,72,052 shares
Fresh Issue Size (Amount)	up to ₹240.00 Cr
OFS Issue Size	48,69,712 shares	4,00,58,844 shares
OFS Issue Size (Amount)	up to ₹327.25 Cr	up to ₹4,326.36 Cr
Issue Size Total	84,41,764 shares	4,00,58,844 shares
Issue Size Total (Amount)	up to ₹567.29 Cr	up to ₹4,326.36 Cr

IPO Timetable

ideaForge Technology IPO opens on Jun 26, 2023, while Mankind Pharma IPO opens on Apr 25, 2023. The closing date of ideaForge Technology IPO and Mankind Pharma IPO is Jun 30, 2023, and Apr 27, 2023, respectively.

	ideaForge Technology IPO	Mankind Pharma IPO
Anchor Bid Date	Jun 23, 2023	Apr 24, 2023
Issue Open	Jun 26, 2023	Apr 25, 2023
Issue Close	Jun 30, 2023	Apr 27, 2023
Basis Of Allotment (Tentative)	Jul 05, 2023	May 03, 2023
Initiation of Refunds (Tentative)	Jul 06, 2023	May 04, 2023
Credit of Share (Tentative)	Jul 07, 2023	May 05, 2023
Listing date (Tentative)	Jul 07, 2023	May 09, 2023
Anchor Lockin End date 1	Aug 04, 2023	Jun 02, 2023
Anchor Lockin End date 2	Oct 03, 2023	Aug 01, 2023

Financials

ideaForge Technology IPO P/E ratio is 87.5, as compared to Mankind Pharma IPO P/E ratio of 32.5.

ideaForge Technology IPO

Mankind Pharma IPO

Financial

ideaForge Technology Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	79.79	16.32	-13.45	68.12	68.05	5.30
31-Mar-21	123.74	36.34	-14.63	59.63	59.63	50.57
31-Mar-22	222.33	161.45	44.01	163.30	110.28	5.68
31-Mar-23	487.93	196.40	31.99	324.72		86.50
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)

33.37%

79.00%

Promoter Shareholding (Post-Issue)

30.19%

76.50%

P/E Ratio

87.5

32.5

Market Cap

₹2800.20 Cr.

₹43263.60 Cr.

ROE

13.11%%

27.60%%

ROCE

12.51%%

26.10%%

Debt/Equity

0.27

EPS

₹8.12

₹33.20

RoNW

9.85%%

27.70%%

Shares Offered

In the ideaForge Technology IPO retail investors (RII) are offered 8,42,865 shares while in Mankind Pharma IPO retail investors are offered 8,42,865 shares. Qualified institutional buyers (QIB) are offered 25,28,596 shares in ideaForge Technology IPO and 80,11,769 shares in Mankind Pharma IPO.

	ideaForge Technology IPO	Mankind Pharma IPO
Anchor Investor Reserveration		1,20,17,652 shares
Market Maker Reserveration
QIB	25,28,596 shares	80,11,769 shares
NII	12,64,297 shares	60,08,827 shares
RII	8,42,865 shares	1,40,20,596 shares
Employee	13,112 shares	0 shares
Others
Total	46,48,870 shares	2,80,41,192 shares

Bids Received (Subscription)

ideaForge Technology IPO subscribed 106.06x in total, whereas Mankind Pharma IPO subscribed 15.32x.

	ideaForge Technology IPO	Mankind Pharma IPO
QIB (times)	125.81x	49.16x
NII (times)	80.58x	3.80x
Big NII (times)	81.99x	4.99x
Small NII (times)	77.77x	1.41x
RII (times)	85.20x	0.92x
Employee (times)	96.65x
Other (times)
Total (times)	106.06x	15.32x

Compare with others

ideaForge Technology IPO	Mankind Pharma IPO
Yatharth Hospital IPO	ideaForge Technology IPO
Netweb Technologies India IPO	HMA Agro Industries IPO
Utkarsh Small Finance Bank IPO	IKIO Lighting IPO
Senco Gold IPO	Tata Technologies IPO
Cyient DLM IPO	Nexus Select Trust REIT
HMA Agro Industries IPO	Avalon Technologies IPO
IKIO Lighting IPO	Udayshivakumar Infra IPO
Tata Technologies IPO	Global Surfaces IPO
Nexus Select Trust REIT	Divgi TorqTransfer Systems IPO
Mankind Pharma IPO	Signatureglobal India IPO

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