Manoj Vaibhav Gems 'N' Jewellers IPO vs Zaggle Prepaid Ocean Services IPO

Comparision between Manoj Vaibhav Gems 'N' Jewellers IPO and Zaggle Prepaid Ocean Services IPO.

IPO Details

Manoj Vaibhav Gems 'N' Jewellers IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Zaggle Prepaid Ocean Services IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Manoj Vaibhav Gems 'N' Jewellers IPO	Zaggle Prepaid Ocean Services 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	Bajaj Capital Limited Elara Capital (India) Private Limited	ICICI Securities Limited Equirus Capital Private Limited Iifl Securities Ltd Jm Financial Limited
Registrar	Bigshare Services Pvt 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 Manoj Vaibhav Gems 'N' Jewellers IPO is up to ₹270.20 Cr whereas the issue size of the Zaggle Prepaid Ocean Services IPO is up to ₹563.38 Cr. The final issue price of Manoj Vaibhav Gems 'N' Jewellers IPO is ₹215.00 per share and of Zaggle Prepaid Ocean Services IPO is ₹164.00 per share.

	Manoj Vaibhav Gems 'N' Jewellers IPO	Zaggle Prepaid Ocean Services IPO
Face Value	₹10 per share	₹1 per share
Issue Price (Lower)	₹204.00 per share	₹156.00 per share
Issue Price (Upper)	₹215.00 per share	₹164.00 per share
Issue Price (Final)	₹215.00 per share	₹164.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	69 shares	90 shares
Fresh Issue Size	97,67,442 shares	2,39,02,439 shares
Fresh Issue Size (Amount)	up to ₹210.00 Cr	up to ₹392.00 Cr
OFS Issue Size	28,00,000 shares	1,04,49,816 shares
OFS Issue Size (Amount)	up to ₹60.20 Cr	up to ₹171.38 Cr
Issue Size Total	1,25,67,442 shares	3,43,52,255 shares
Issue Size Total (Amount)	up to ₹270.20 Cr	up to ₹563.38 Cr

IPO Timetable

Manoj Vaibhav Gems 'N' Jewellers IPO opens on Sep 22, 2023, while Zaggle Prepaid Ocean Services IPO opens on Sep 14, 2023. The closing date of Manoj Vaibhav Gems 'N' Jewellers IPO and Zaggle Prepaid Ocean Services IPO is Sep 26, 2023, and Sep 18, 2023, respectively.

	Manoj Vaibhav Gems 'N' Jewellers IPO	Zaggle Prepaid Ocean Services IPO
Anchor Bid Date	Sep 21, 2023	Sep 13, 2023
Issue Open	Sep 22, 2023	Sep 14, 2023
Issue Close	Sep 26, 2023	Sep 18, 2023
Basis Of Allotment (Tentative)	Sep 27, 2023	Sep 22, 2023
Initiation of Refunds (Tentative)	Sep 29, 2023	Sep 25, 2023
Credit of Share (Tentative)	Sep 29, 2023	Sep 26, 2023
Listing date (Tentative)	Oct 03, 2023	Sep 22, 2023
Anchor Lockin End date 1	Oct 27, 2023	Oct 22, 2023
Anchor Lockin End date 2	Dec 26, 2023	Dec 21, 2023

Financials

Manoj Vaibhav Gems 'N' Jewellers IPO P/E ratio is 11.74, as compared to Zaggle Prepaid Ocean Services IPO P/E ratio of 66.67.

Manoj Vaibhav Gems 'N' Jewellers IPO

Zaggle Prepaid Ocean Services IPO

Financial

Manoj Vaibhav Gems 'N' Jewellers IPO Financial Information (Restated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023	30 Jun 2023
Assets	818.62	803.10	899.53	1,077.86	1,082.82
Revenue	1,284.30	1,443.18	1,697.70	2,031.30	510.21
Profit After Tax	24.39	20.74	43.68	71.60	19.24
Net Worth	208.08	228.99	272.86	344.55	363.65
Reserves and Surplus	198.31	219.22	263.09	305.47	324.57
Total Borrowing	419.32	463.43	477.73	460.00	460.39

Amount in ₹ Crore

Zaggle Prepaid Ocean Services IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2023
Assets	234.76
Revenue	554.58
Profit After Tax	22.90
Net Worth	48.75
Reserves and Surplus	39.36
Total Borrowing	121.07

Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

57.91%

Promoter Shareholding (Post-Issue)

74.27%

P/E Ratio

11.74

66.67

Market Cap

₹1050.22 Cr.

₹2002.00 Cr.

ROE

23.19%%

46.98%%

ROCE

17.71%%

Debt/Equity

1.34

2.48

EPS

₹18.32

₹2.46

RoNW

20.78%%

46.98%%

Shares Offered

In the Manoj Vaibhav Gems 'N' Jewellers IPO retail investors (RII) are offered 43,98,605 shares while in Zaggle Prepaid Ocean Services IPO retail investors are offered 43,98,605 shares. Qualified institutional buyers (QIB) are offered 25,13,488 shares in Manoj Vaibhav Gems 'N' Jewellers IPO and 1,03,05,677 shares in Zaggle Prepaid Ocean Services IPO.

	Manoj Vaibhav Gems 'N' Jewellers IPO	Zaggle Prepaid Ocean Services IPO
Anchor Investor Reserveration	37,70,160 shares	1,54,58,515 shares
Market Maker Reserveration
QIB	25,13,488 shares	1,03,05,677 shares
NII	18,85,116 shares	51,52,838 shares
RII	43,98,605 shares	34,35,225 shares
Employee	0 shares	0 shares
Others
Total	87,97,209 shares	1,88,93,740 shares

Bids Received (Subscription)

Manoj Vaibhav Gems 'N' Jewellers IPO subscribed 2.33x in total, whereas Zaggle Prepaid Ocean Services IPO subscribed 12.86x.

	Manoj Vaibhav Gems 'N' Jewellers IPO	Zaggle Prepaid Ocean Services IPO
QIB (times)	1.08x	16.94x
NII (times)	5.40x	9.16x
Big NII (times)	6.35x	10.36x
Small NII (times)	3.49x	6.76x
RII (times)	1.73x	6.15x
Employee (times)
Other (times)
Total (times)	2.33x	12.86x

Compare with others

Manoj Vaibhav Gems 'N' Jewellers IPO	Zaggle Prepaid Ocean Services IPO
Protean eGov Technologies IPO	Valiant Laboratories IPO
IRM Energy IPO	Manoj Vaibhav Gems 'N' Jewellers IPO
Plaza Wires IPO	JSW Infrastructure IPO
Updater Services IPO	Sai Silks (Kalamandir) IPO
Valiant Laboratories IPO	Yatra Online IPO
JSW Infrastructure IPO	R R Kabel IPO
Sai Silks (Kalamandir) IPO	SAMHI Hotels IPO
Yatra Online IPO	EMS IPO
Zaggle Prepaid Ocean Services IPO	Jupiter Life Line Hospitals IPO
R R Kabel IPO	Rishabh Instruments IPO

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