Manoj Vaibhav Gems 'N' Jewellers IPO vs Updater Services IPO

Comparision between Manoj Vaibhav Gems 'N' Jewellers IPO and Updater Services IPO.

IPO Details

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

	Manoj Vaibhav Gems 'N' Jewellers IPO	Updater 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	Iifl Securities Ltd Motilal Oswal Investment Advisors Limited SBI Capital Markets Limited
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 Updater Services IPO is up to ₹640.00 Cr. The final issue price of Manoj Vaibhav Gems 'N' Jewellers IPO is ₹215.00 per share and of Updater Services IPO is ₹300.00 per share.

	Manoj Vaibhav Gems 'N' Jewellers IPO	Updater Services IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹204.00 per share	₹280.00 per share
Issue Price (Upper)	₹215.00 per share	₹300.00 per share
Issue Price (Final)	₹215.00 per share	₹300.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	69 shares	50 shares
Fresh Issue Size	97,67,442 shares	1,33,33,333 shares
Fresh Issue Size (Amount)	up to ₹210.00 Cr	up to ₹400.00 Cr
OFS Issue Size	28,00,000 shares	80,00,000 shares
OFS Issue Size (Amount)	up to ₹60.20 Cr	up to ₹240.00 Cr
Issue Size Total	1,25,67,442 shares	2,13,33,333 shares
Issue Size Total (Amount)	up to ₹270.20 Cr	up to ₹640.00 Cr

IPO Timetable

Manoj Vaibhav Gems 'N' Jewellers IPO opens on Sep 22, 2023, while Updater Services IPO opens on Sep 25, 2023. The closing date of Manoj Vaibhav Gems 'N' Jewellers IPO and Updater Services IPO is Sep 26, 2023, and Sep 27, 2023, respectively.

	Manoj Vaibhav Gems 'N' Jewellers IPO	Updater Services IPO
Anchor Bid Date	Sep 21, 2023	Sep 22, 2023
Issue Open	Sep 22, 2023	Sep 25, 2023
Issue Close	Sep 26, 2023	Sep 27, 2023
Basis Of Allotment (Tentative)	Sep 27, 2023	Sep 28, 2023
Initiation of Refunds (Tentative)	Sep 29, 2023	Sep 29, 2023
Credit of Share (Tentative)	Sep 29, 2023	Oct 03, 2023
Listing date (Tentative)	Oct 03, 2023	Oct 04, 2023
Anchor Lockin End date 1	Oct 27, 2023	Oct 28, 2023
Anchor Lockin End date 2	Dec 26, 2023	Dec 27, 2023

Financials

Manoj Vaibhav Gems 'N' Jewellers IPO P/E ratio is 11.74, as compared to Updater Services IPO P/E ratio of 44.31.

Manoj Vaibhav Gems 'N' Jewellers IPO

Updater 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

Updater Services IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	579.49	874.57	1,216.95
Revenue	1,216.35	1,497.89	2,112.09
Profit After Tax	47.56	57.37	34.61
Net Worth	285.26	340.43	380.89
Reserves and Surplus
Total Borrowing	11.61	58.68	176.54

Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

80.58%

Promoter Shareholding (Post-Issue)

74.27%

58.47%

P/E Ratio

11.74

44.31

Market Cap

₹1050.22 Cr.

₹2001.00 Cr.

ROE

23.19%%

9.40%%

ROCE

17.71%%

14.17%%

Debt/Equity

1.34

0.46

EPS

₹18.32

₹6.77

RoNW

20.78%%

9.34%%

Shares Offered

In the Manoj Vaibhav Gems 'N' Jewellers IPO retail investors (RII) are offered 43,98,605 shares while in Updater 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 64,00,000 shares in Updater Services IPO.

	Manoj Vaibhav Gems 'N' Jewellers IPO	Updater Services IPO
Anchor Investor Reserveration	37,70,160 shares	96,00,000 shares
Market Maker Reserveration
QIB	25,13,488 shares	64,00,000 shares
NII	18,85,116 shares	32,00,000 shares
RII	43,98,605 shares	21,33,333 shares
Employee	0 shares	0 shares
Others
Total	87,97,209 shares	1,17,33,333 shares

Bids Received (Subscription)

Manoj Vaibhav Gems 'N' Jewellers IPO subscribed 2.33x in total, whereas Updater Services IPO subscribed 2.96x.

	Manoj Vaibhav Gems 'N' Jewellers IPO	Updater Services IPO
QIB (times)	1.08x	4.50x
NII (times)	5.40x	0.89x
Big NII (times)	6.35x	1.07x
Small NII (times)	3.49x	0.53x
RII (times)	1.73x	1.45x
Employee (times)
Other (times)
Total (times)	2.33x	2.96x

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