DEE Development Engineers IPO vs Go Digit General Insurance IPO

Comparison between DEE Development Engineers IPO and Go Digit General Insurance IPO.

IPO Details

DEE Development Engineers IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Go Digit General Insurance IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of DEE Development Engineers IPO is up to ₹418.01 Cr whereas the issue size of the Go Digit General Insurance IPO is up to ₹2,614.65 Cr. The final issue price of DEE Development Engineers IPO is ₹203.00 per share and of Go Digit General Insurance IPO is ₹272.00 per share.

 DEE Development Engineers IPOGo Digit General Insurance IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹193.00 per share₹258.00 per share
Issue Price (Upper)₹203.00 per share₹272.00 per share
Issue Price (Final)₹203.00 per share₹272.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹19.00 per share
Market Lot Size73 shares55 shares
Fresh Issue Size1,60,14,938 shares4,13,60,294 shares
Fresh Issue Size (Amount)up to ₹325.02 Crup to ₹1,125.00 Cr
OFS Issue Size45,82,000 shares5,47,66,392 shares
OFS Issue Size (Amount)up to ₹92.99 Crup to ₹1,489.65 Cr
Issue Size Total2,05,96,938 shares9,61,26,686 shares
Issue Size Total (Amount)up to ₹418.01 Crup to ₹2,614.65 Cr

IPO Timetable

DEE Development Engineers IPO opens on Jun 19, 2024, while Go Digit General Insurance IPO opens on May 15, 2024. The closing date of DEE Development Engineers IPO and Go Digit General Insurance IPO is Jun 21, 2024, and May 17, 2024, respectively.

 DEE Development Engineers IPOGo Digit General Insurance IPO
Anchor Bid DateJun 18, 2024May 14, 2024
Issue OpenJun 19, 2024May 15, 2024
Issue CloseJun 21, 2024May 17, 2024
Basis Of Allotment (Tentative)Jun 24, 2024May 21, 2024
Initiation of Refunds (Tentative)Jun 25, 2024May 22, 2024
Credit of Share (Tentative)Jun 25, 2024May 22, 2024
Listing date (Tentative)Jun 26, 2024May 23, 2024
Anchor Lockin End date 1Jul 24, 2024Jun 20, 2024
Anchor Lockin End date 2Sep 22, 2024Aug 19, 2024

Financials & KPIs

DEE Development Engineers IPO P/E ratio is 83, as compared to Go Digit General Insurance IPO P/E ratio of 670.31.

 DEE Development Engineers IPOGo Digit General Insurance IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,171.01966.26845.40835.88
Total Income557.86614.32470.84513.03
Profit After Tax14.3412.978.2014.21
NET Worth428.19413.70401.37448.50
Reserves and Surplus380.23408.17395.85432.81
Total Borrowing407.14352.62285.36257.17
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets3,619.953,346.752,919.011,874.80
Total Income130.8339.19-293.64-118.55
Profit After Tax129.0235.54-295.85-122.76
NET Worth2,459.342,325.471,866.871,134.57
Reserves and Surplus2,391.972,383.611,975.07973.14
Total Borrowing200.00
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.0083.31
Promoter Shareholding (Post-Issue)
P/E Ratio83670.31
Market Cap₹1401.69 Cr.₹24947.90 Cr.
ROE
ROCE3.91%
Debt/Equity0.85
EPS₹2.45₹0.41
RoNW3.35%5.25%

Shares Offered

In the DEE Development Engineers IPO Retail Individual Investors (RII) are offered 71,89,907 shares while in Go Digit General Insurance IPO retail investors are offered 71,89,907 shares. Qualified Institutional Buyers (QIB) are offered 41,08,518 shares in DEE Development Engineers IPO and 2,88,38,007 shares in Go Digit General Insurance IPO.

 DEE Development Engineers IPOGo Digit General Insurance IPO
Anchor Investor Reservation61,62,777 shares4,32,57,009 shares
Market Maker Reservation
QIB41,08,518 shares2,88,38,007 shares
NII30,81,389 shares1,44,19,002 shares
RII71,89,907 shares96,12,668 shares
Employee54,347 shares
Others
Total2,05,96,938 shares9,61,26,686 shares

Bids Received (Subscription)

DEE Development Engineers IPO subscribed 103.03x in total, whereas Go Digit General Insurance IPO subscribed 9.60x.

 DEE Development Engineers IPOGo Digit General Insurance IPO
QIB (times)206.54x12.56x
NII (times)149.38x7.24x
Big NII (times)165.71x8.28x
Small NII (times)116.73x5.15x
RII (times)23.66x4.27x
Employee (times)
Other (times)
Total (times)103.03x9.60x

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DEE Development Engineers IPO Vs Go Digit General Insurance IPO