Comparison between Durlax Top Surface IPO and GP Eco Solutions IPO.
Durlax Top Surface IPO is a SME Bookbuilding IPO proposed to list at NSE SME while GP Eco Solutions IPO is a SME Bookbuilding proposed to list at NSE SME.
| Durlax Top Surface IPO | GP Eco Solutions IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Expert Global Consultants Pvt.Ltd. | Corporate Capitalventures Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Globalworth Securities Ltd. | SS Corporate Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Durlax Top Surface IPO is up to ₹38.76 Cr whereas the issue size of the GP Eco Solutions IPO is up to ₹27.71 Cr. The final issue price of Durlax Top Surface IPO is ₹68.00 per share and of GP Eco Solutions IPO is ₹94.00 per share.
| Durlax Top Surface IPO | GP Eco Solutions IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹65.00 per share | ₹90.00 per share |
| Issue Price (Upper) | ₹68.00 per share | ₹94.00 per share |
| Issue Price (Final) | ₹68.00 per share | ₹94.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 1200 shares |
| Fresh Issue Size | 39,00,000 shares | 29,48,400 shares |
| Fresh Issue Size (Amount) | up to ₹26.52 Cr | up to ₹27.71 Cr |
| OFS Issue Size | 18,00,000 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹12.24 Cr | up to ₹0.00 Cr |
| Issue Size Total | 57,00,000 shares | 29,48,400 shares |
| Issue Size Total (Amount) | up to ₹38.76 Cr | up to ₹27.71 Cr |
Durlax Top Surface IPO opens on Jun 19, 2024, while GP Eco Solutions IPO opens on Jun 14, 2024. The closing date of Durlax Top Surface IPO and GP Eco Solutions IPO is Jun 21, 2024, and Jun 19, 2024, respectively.
| Durlax Top Surface IPO | GP Eco Solutions IPO | |
|---|---|---|
| Anchor Bid Date | Jun 18, 2024 | Jun 13, 2024 |
| Issue Open | Jun 19, 2024 | Jun 14, 2024 |
| Issue Close | Jun 21, 2024 | Jun 19, 2024 |
| Basis Of Allotment (Tentative) | Jun 24, 2024 | Jun 20, 2024 |
| Initiation of Refunds (Tentative) | Jun 25, 2024 | Jun 21, 2024 |
| Credit of Share (Tentative) | Jun 25, 2024 | Jun 21, 2024 |
| Listing date (Tentative) | Jun 26, 2024 | Jun 24, 2024 |
| Anchor Lockin End date 1 | Jul 24, 2024 | Jul 20, 2024 |
| Anchor Lockin End date 2 | Sep 22, 2024 | Sep 18, 2024 |
Durlax Top Surface IPO P/E ratio is 16.73, as compared to GP Eco Solutions IPO P/E ratio of 21.44.
| Durlax Top Surface IPO | GP Eco Solutions IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Durlax Top Surface Limited Financial Information (Restated)Durlax Top Surface Limited's revenue increased by 35.9% and profit after tax (PAT) rose by 141.15% between the financial year ending with March 31, 2024 and March 31, 2023.
| GP Eco Solutions India Limited Financial Information (Restated)GP Eco Solutions India Limited's revenue increased by 25.08% and profit after tax (PAT) rose by 33.43% between the financial year ending with March 31, 2023 and March 31, 2022.
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| Promoter Shareholding (Pre-Issue) | 95.44 | 86.4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 60.35 | 62.23 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 16.73 | 21.44 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹113.07 Cr. | ₹110.08 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 26.20% | 44.59% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 20.20% | 26.51% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 2.78 | 1.11 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹4.06 | ₹4.38 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 23.12% | 42.70% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Durlax Top Surface IPO Retail Individual Investors (RII) are offered 20,00,000 shares while in GP Eco Solutions IPO retail investors are offered 20,00,000 shares. Qualified Institutional Buyers (QIB) are offered 22,52,000 shares in Durlax Top Surface IPO and 5,89,200 shares in GP Eco Solutions IPO.
| Durlax Top Surface IPO | GP Eco Solutions IPO | |
|---|---|---|
| Anchor Investor Reserveration | 5,92,000 shares | 8,83,200 shares |
| Market Maker Reserveration | 3,00,000 shares | 3,27,600 shares |
| QIB | 22,52,000 shares | 5,89,200 shares |
| NII | 8,56,000 shares | 4,44,000 shares |
| RII | 20,00,000 shares | 10,32,000 shares |
| Employee | ||
| Others | ||
| Total | 57,00,000 shares | 29,48,400 shares |
Durlax Top Surface IPO subscribed 166.79x in total, whereas GP Eco Solutions IPO subscribed 856.21x.
| Durlax Top Surface IPO | GP Eco Solutions IPO | |
|---|---|---|
| QIB (times) | 48.29x | 236.64x |
| NII (times) | 415.06x | 1,824.87x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 193.95x | 793.20x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 166.79x | 856.21x |
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