Diffusion Engineers IPO vs Garuda Construction IPO

Comparison between Diffusion Engineers IPO and Garuda Construction IPO.

IPO Details

Diffusion Engineers IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Garuda Construction IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Diffusion Engineers IPO is up to ₹157.96 Cr whereas the issue size of the Garuda Construction IPO is up to ₹264.10 Cr. The final issue price of Diffusion Engineers IPO is ₹168.00 per share and of Garuda Construction IPO is ₹95.00 per share.

 Diffusion Engineers IPOGaruda Construction IPO
Face Value₹10 per share₹5 per share
Issue Price (Lower)₹159.00 per share₹90.00 per share
Issue Price (Upper)₹168.00 per share₹95.00 per share
Issue Price (Final)₹168.00 per share₹95.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹8.00 per share
Market Lot Size88 shares157 shares
Fresh Issue Size94,05,000 shares1,83,00,000 shares
Fresh Issue Size (Amount)up to ₹157.96 Crup to ₹173.85 Cr
OFS Issue Size0 shares95,00,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹90.25 Cr
Issue Size Total94,05,000 shares2,78,00,000 shares
Issue Size Total (Amount)up to ₹157.96 Crup to ₹264.10 Cr

IPO Timetable

Diffusion Engineers IPO opens on Sep 26, 2024, while Garuda Construction IPO opens on Oct 08, 2024. The closing date of Diffusion Engineers IPO and Garuda Construction IPO is Sep 30, 2024, and Oct 10, 2024, respectively.

 Diffusion Engineers IPOGaruda Construction IPO
Anchor Bid DateSep 25, 2024Oct 07, 2024
Issue OpenSep 26, 2024Oct 08, 2024
Issue CloseSep 30, 2024Oct 10, 2024
Basis Of Allotment (Tentative)Oct 01, 2024Oct 11, 2024
Initiation of Refunds (Tentative)Oct 03, 2024Oct 14, 2024
Credit of Share (Tentative)Oct 03, 2024Oct 14, 2024
Listing date (Tentative)Oct 04, 2024Oct 15, 2024
Anchor Lockin End date 1Oct 31, 2024Nov 10, 2024
Anchor Lockin End date 2Dec 30, 2024Jan 09, 2025

Financials & KPIs

Diffusion Engineers IPO P/E ratio is 15.28, as compared to Garuda Construction IPO P/E ratio of 19.49.

 Diffusion Engineers IPOGaruda Construction IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets275.59230.34189.55
Total Income285.56258.67208.75
Profit After Tax30.8022.1517.05
NET Worth190.70142.00120.65
Reserves and Surplus163.03138.39117.34
Total Borrowing34.4448.0924.60
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Apr 202431 Mar 202431 Mar 202331 Mar 2022
Assets234.84228.49176.35111.03
Total Income11.88154.47161.0277.03
Profit After Tax3.5036.4440.8018.78
NET Worth122.51119.0182.6141.79
Reserves and Surplus85.1681.6570.1329.34
Total Borrowing0.150.150.1911.99
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)93.196.82
Promoter Shareholding (Post-Issue)69.767.56
P/E Ratio15.2819.49
Market Cap₹628.76 Cr.₹883.90 Cr.
ROE18.52%36.14%
ROCE20.63%46.69%
Debt/Equity0.18
EPS₹10.99₹4.87
RoNW18.52%30.62%

Shares Offered

In the Diffusion Engineers IPO Retail Individual Investors (RII) are offered 32,74,250 shares while in Garuda Construction IPO retail investors are offered 32,74,250 shares. Qualified Institutional Buyers (QIB) are offered 18,71,000 shares in Diffusion Engineers IPO and 55,60,000 shares in Garuda Construction IPO.

 Diffusion Engineers IPOGaruda Construction IPO
Anchor Investor Reservation28,06,500 shares83,40,000 shares
Market Maker Reservation
QIB18,71,000 shares55,60,000 shares
NII14,03,250 shares41,70,000 shares
RII32,74,250 shares97,30,000 shares
Employee50,000 shares
Others
Total94,05,000 shares2,78,00,000 shares

Bids Received (Subscription)

Diffusion Engineers IPO subscribed 114.50x in total, whereas Garuda Construction IPO subscribed 7.55x.

 Diffusion Engineers IPOGaruda Construction IPO
QIB (times)95.74x1.24x
NII (times)207.60x9.03x
Big NII (times)203.34x7.93x
Small NII (times)216.13x11.23x
RII (times)85.61x10.81x
Employee (times)95.05x
Other (times)
Total (times)114.50x7.55x

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