Abans Holdings IPO vs Global Surfaces IPO

Comparison between Abans Holdings IPO and Global Surfaces IPO.

IPO Details

Abans Holdings IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Global Surfaces IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Abans Holdings IPO is up to ₹345.60 Cr whereas the issue size of the Global Surfaces IPO is up to ₹154.98 Cr. The final issue price of Abans Holdings IPO is ₹270.00 per share and of Global Surfaces IPO is ₹140.00 per share.

 Abans Holdings IPOGlobal Surfaces IPO
Face Value₹2 per share₹10 per share
Issue Price (Lower)₹256.00 per share₹133.00 per share
Issue Price (Upper)₹270.00 per share₹140.00 per share
Issue Price (Final)₹270.00 per share₹140.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size55 shares100 shares
Fresh Issue Size38,00,000 shares85,20,000 shares
Fresh Issue Size (Amount)up to ₹102.60 Crup to ₹119.28 Cr
OFS Issue Size90,00,000 shares25,50,000 shares
OFS Issue Size (Amount)up to ₹243.00 Crup to ₹35.70 Cr
Issue Size Total1,28,00,000 shares1,10,70,000 shares
Issue Size Total (Amount)up to ₹345.60 Crup to ₹154.98 Cr

IPO Timetable

Abans Holdings IPO opens on Dec 12, 2022, while Global Surfaces IPO opens on Mar 13, 2023. The closing date of Abans Holdings IPO and Global Surfaces IPO is Dec 15, 2022, and Mar 15, 2023, respectively.

 Abans Holdings IPOGlobal Surfaces IPO
Anchor Bid DateMar 10, 2023
Issue OpenDec 12, 2022Mar 13, 2023
Issue CloseDec 15, 2022Mar 15, 2023
Basis Of Allotment (Tentative)Dec 20, 2022Mar 20, 2023
Initiation of Refunds (Tentative)Dec 21, 2022Mar 21, 2023
Credit of Share (Tentative)Dec 22, 2022Mar 22, 2023
Listing date (Tentative)Dec 23, 2022Mar 23, 2023
Anchor Lockin End date 1Apr 19, 2023
Anchor Lockin End date 2Jun 18, 2023

Financials & KPIs

Abans Holdings IPO P/E ratio is 18.96, as compared to Global Surfaces IPO P/E ratio of 21.84.

 Abans Holdings IPOGlobal Surfaces IPO
Financials

Company Financials (Restated)

Period Ended31 Aug 202231 Mar 202231 Mar 202131 Mar 2020
Assets1,230.721,168.691,181.511,212.98
Total Income288.31646.231,331.372,771.88
Profit After Tax29.7461.9745.8039.22
NET Worth678.17631.11561.95499.55
Reserves and Surplus0.000.000.000.00
Total Borrowing76.9285.90267.39318.79
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets280.20236.48159.00128.73
Total Income99.25198.36179.00165.78
Profit After Tax13.5935.6333.9320.96
NET Worth148.93134.0498.4364.48
Reserves and Surplus115.07100.1791.9858.03
Total Borrowing50.5237.2837.4653.49
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)97.4299.35
Promoter Shareholding (Post-Issue)72.09
P/E Ratio18.9621.84
Market Cap₹1353.94 Cr.₹593.35 Cr.
ROE926.59
ROCE1120.85
Debt/Equity0.120.28
EPS₹13.37₹10.52
RoNW9.0132.51

Shares Offered

In the Abans Holdings IPO Retail Individual Investors (RII) are offered 76,80,000 shares while in Global Surfaces IPO retail investors are offered 76,80,000 shares. Qualified Institutional Buyers (QIB) are offered 12,80,000 shares in Abans Holdings IPO and 22,14,000 shares in Global Surfaces IPO.

 Abans Holdings IPOGlobal Surfaces IPO
Anchor Investor Reservation33,21,000 shares
Market Maker Reservation
QIB12,80,000 shares22,14,000 shares
NII38,40,000 shares16,60,500 shares
RII76,80,000 shares38,74,500 shares
Employee
Others
Total1,28,00,000 shares1,10,70,000 shares

Bids Received (Subscription)

Abans Holdings IPO subscribed 1.10x in total, whereas Global Surfaces IPO subscribed 12.21x.

 Abans Holdings IPOGlobal Surfaces IPO
QIB (times)4.10x8.95x
NII (times)1.48x33.10x
Big NII (times)2.15x35.00x
Small NII (times)0.13x29.29x
RII (times)0.40x5.12x
Employee (times)
Other (times)
Total (times)1.10x12.21x

Compare with others

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Abans Holdings IPO Vs Global Surfaces IPO