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Mandeep Auto Industries IPO vs Varyaa Creations IPO

Comparision between Mandeep Auto Industries IPO and Varyaa Creations IPO.

IPO Details

Mandeep Auto Industries IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Varyaa Creations IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  Mandeep Auto Industries IPO Varyaa Creations IPO
Logo Mandeep Auto Industries IPO Logo Varyaa Creations IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At NSE SME BSE SME
Lead Managers Jawa Capital Services Private Limited Inventure Merchant Banker Services Pvt Ltd
Registrar Cameo Corporate Services Limited Bigshare Services Pvt Ltd
Market Maker Aftertrade Broking Pvt Ltd Svcm Securities Private Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Mandeep Auto Industries IPO is up to ₹25.25 Cr whereas the issue size of the Varyaa Creations IPO is up to ₹20.10 Cr. The final issue price of Mandeep Auto Industries IPO is ₹67.00 per share and of Varyaa Creations IPO is ₹150.00 per share.

  Mandeep Auto Industries IPO Varyaa Creations IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹67.00 per share ₹150.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 1000 shares
Fresh Issue Size 37,68,000 shares 13,40,000 shares
Fresh Issue Size (Amount) up to ₹25.25 Cr up to ₹20.10 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 37,68,000 shares 13,40,000 shares
Issue Size Total (Amount) up to ₹25.25 Cr up to ₹20.10 Cr

IPO Timetable

Mandeep Auto Industries IPO opens on May 13, 2024, while Varyaa Creations IPO opens on Apr 22, 2024. The closing date of Mandeep Auto Industries IPO and Varyaa Creations IPO is May 15, 2024, and Apr 25, 2024, respectively.

  Mandeep Auto Industries IPO Varyaa Creations IPO
Anchor Bid Date
Issue Open May 13, 2024 Apr 22, 2024
Issue Close May 15, 2024 Apr 25, 2024
Basis Of Allotment (Tentative) May 16, 2024 Apr 26, 2024
Initiation of Refunds (Tentative) May 17, 2024 Apr 29, 2024
Credit of Share (Tentative) May 17, 2024 Apr 29, 2024
Listing date (Tentative) May 21, 2024 Apr 30, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Mandeep Auto Industries IPO P/E ratio is 10.15, as compared to Varyaa Creations IPO P/E ratio of 65.56.

  Mandeep Auto Industries IPO Varyaa Creations IPO
Financial

Mandeep Auto Industries Limited Financial Information (Restated Standalone)

Mandeep Auto Industries Limited's revenue increased by 36.03% and profit after tax (PAT) rose by 62.17% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,424.731,963.151,297.811,050.17
Revenue1,656.762,978.742,189.731,563.49
Profit After Tax214.93104.9164.6949.81
Net Worth820.80453.54413.61280.42
Reserves and Surplus163.81
Amount in ₹ Lakhs

Varyaa Creations Limited Financial Information (Restated)

Varyaa Creations Limited's revenue increased by 112.55% and profit after tax (PAT) rose by 36.13% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,049.172,000.55143.78218.32
Revenue1,762.49538.03253.1312.05
Profit After Tax351.1178.9357.98-13.06
Net Worth410.5659.45-19.47-77.46
Reserves and Surplus65.5644.45-34.47-92.46
Total Borrowing44.81283.82
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 99.97% 100.00%
Promoter Shareholding (Post-Issue) 63.53% 72.02%
P/E Ratio 10.15 65.56
Market Cap ₹69.26 Cr. ₹71.85 Cr.
ROE 30.15%% 85.52%%
ROCE 27.94%% 114.57%%
Debt/Equity 1
EPS ₹6.60 ₹2.29
RoNW 25.97%% 85.52%%

Shares Offered

In the Mandeep Auto Industries IPO retail investors (RII) are offered 17,89,000 shares while in Varyaa Creations IPO retail investors are offered 17,89,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Mandeep Auto Industries IPO and 0 shares in Varyaa Creations IPO.

  Mandeep Auto Industries IPO Varyaa Creations IPO
Anchor Investor Reserveration
Market Maker Reserveration 1,90,000 shares 70,000 shares
QIB 0 shares 0 shares
NII 17,89,000 shares 6,35,000 shares
RII 17,89,000 shares 6,35,000 shares
Employee 0 shares 0 shares
Others
Total 35,78,000 shares 12,70,000 shares

Bids Received (Subscription)

Mandeep Auto Industries IPO subscribed 77.23x in total, whereas Varyaa Creations IPO subscribed 3.59x.

  Mandeep Auto Industries IPO Varyaa Creations IPO
QIB (times)
NII (times) 61.54x 1.08x
Big NII (times)
Small NII (times)
RII (times) 90.57x 6.09x
Employee (times)
Other (times)
Total (times) 77.23x 3.59x

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