Manoj Vaibhav Gems 'N' Jewellers IPO vs Protean eGov Technologies IPO

Comparision between Manoj Vaibhav Gems 'N' Jewellers IPO and Protean eGov Technologies IPO.

IPO Details

Manoj Vaibhav Gems 'N' Jewellers IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Protean eGov Technologies IPO is a Mainline Book Built Issue proposed to list at BSE.

	Manoj Vaibhav Gems 'N' Jewellers IPO	Protean eGov Technologies IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE
Lead Managers	Bajaj Capital Limited Elara Capital (India) Private Limited	ICICI Securities Limited Equirus Capital Private Limited Iifl Securities Ltd Nomura Financial Advisory And Securities (India) Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private Ltd
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 Protean eGov Technologies IPO is up to ₹490.33 Cr. The final issue price of Manoj Vaibhav Gems 'N' Jewellers IPO is ₹215.00 per share and of Protean eGov Technologies IPO is ₹792.00 per share.

	Manoj Vaibhav Gems 'N' Jewellers IPO	Protean eGov Technologies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹204.00 per share	₹752.00 per share
Issue Price (Upper)	₹215.00 per share	₹792.00 per share
Issue Price (Final)	₹215.00 per share	₹792.00 per share
Discount (Retail)
Discount (Employee)		₹75.00 per share
Market Lot Size	69 shares	18 shares
Fresh Issue Size	97,67,442 shares
Fresh Issue Size (Amount)	up to ₹210.00 Cr
OFS Issue Size	28,00,000 shares	61,91,000 shares
OFS Issue Size (Amount)	up to ₹60.20 Cr	up to ₹490.33 Cr
Issue Size Total	1,25,67,442 shares	61,91,000 shares
Issue Size Total (Amount)	up to ₹270.20 Cr	up to ₹490.33 Cr

IPO Timetable

Manoj Vaibhav Gems 'N' Jewellers IPO opens on Sep 22, 2023, while Protean eGov Technologies IPO opens on Nov 06, 2023. The closing date of Manoj Vaibhav Gems 'N' Jewellers IPO and Protean eGov Technologies IPO is Sep 26, 2023, and Nov 08, 2023, respectively.

	Manoj Vaibhav Gems 'N' Jewellers IPO	Protean eGov Technologies IPO
Anchor Bid Date	Sep 21, 2023	Nov 03, 2023
Issue Open	Sep 22, 2023	Nov 06, 2023
Issue Close	Sep 26, 2023	Nov 08, 2023
Basis Of Allotment (Tentative)	Sep 27, 2023	Nov 13, 2023
Initiation of Refunds (Tentative)	Sep 29, 2023	Nov 15, 2023
Credit of Share (Tentative)	Sep 29, 2023	Nov 16, 2023
Listing date (Tentative)	Oct 03, 2023	Nov 13, 2023
Anchor Lockin End date 1	Oct 27, 2023	Dec 13, 2023
Anchor Lockin End date 2	Dec 26, 2023	Feb 11, 2024

Financials

Manoj Vaibhav Gems 'N' Jewellers IPO P/E ratio is 11.74, as compared to Protean eGov Technologies IPO P/E ratio of 29.91.

Manoj Vaibhav Gems 'N' Jewellers IPO

Protean eGov Technologies 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

Protean eGov Technologies Limited Financial Information (Restated Consolidated)

Protean eGov Technologies Limited's revenue increased by 1.78% and profit after tax (PAT) dropped by -25.63% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,133.86	1,104.10	988.14	862.39
Revenue	233.17	783.87	770.18	652.03
Profit After Tax	32.21	107.04	143.94	92.19
Net Worth	888.10	856.94	788.00	667.46
Reserves and Surplus	847.48	816.33	747.43	627.14
Total Borrowing
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

74.27%

P/E Ratio

11.74

29.91

Market Cap

₹1050.22 Cr.

₹3203.38 Cr.

ROE

23.19%%

12.49%%

ROCE

17.71%%

16.13%%

Debt/Equity

1.34

EPS

₹18.32

₹26.48

RoNW

20.78%%

12.49%%

Shares Offered

In the Manoj Vaibhav Gems 'N' Jewellers IPO retail investors (RII) are offered 43,98,605 shares while in Protean eGov Technologies 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 12,08,200 shares in Protean eGov Technologies IPO.

	Manoj Vaibhav Gems 'N' Jewellers IPO	Protean eGov Technologies IPO
Anchor Investor Reserveration	37,70,160 shares	18,12,300 shares
Market Maker Reserveration
QIB	25,13,488 shares	12,08,200 shares
NII	18,85,116 shares	9,06,150 shares
RII	43,98,605 shares	21,14,350 shares
Employee	0 shares	1,50,000 shares
Others
Total	87,97,209 shares	43,78,700 shares

Bids Received (Subscription)

Manoj Vaibhav Gems 'N' Jewellers IPO subscribed 2.33x in total, whereas Protean eGov Technologies IPO subscribed 23.86x.

	Manoj Vaibhav Gems 'N' Jewellers IPO	Protean eGov Technologies IPO
QIB (times)	1.08x	46.94x
NII (times)	5.40x	31.62x
Big NII (times)	6.35x	33.14x
Small NII (times)	3.49x	28.58x
RII (times)	1.73x	8.93x
Employee (times)		1.49x
Other (times)
Total (times)	2.33x	23.86x

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