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Durlax Top Surface IPO vs Falcon Technoprojects IPO

Comparison between Durlax Top Surface IPO and Falcon Technoprojects IPO.

IPO Details

Durlax Top Surface IPO is a SME Fixed Price IPO proposed to list at NSE SME while Falcon Technoprojects IPO is a SME Fixed Price proposed to list at NSE SME.

 Durlax Top Surface IPOFalcon Technoprojects IPO
LogoDurlax Top Surface IPO LogoFalcon Technoprojects IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersExpert Global Consultants Pvt.Ltd.Kunvarji Finstock Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerGlobalworth Securities Ltd.Nikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Durlax Top Surface IPO is up to ₹38.76 Cr whereas the issue size of the Falcon Technoprojects IPO is up to ₹13.01 Cr. The final issue price of Durlax Top Surface IPO is ₹68.00 per share and of Falcon Technoprojects IPO is ₹92.00 per share.

 Durlax Top Surface IPOFalcon Technoprojects IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹65.00 per share
Issue Price (Upper)₹68.00 per share
Issue Price (Final)₹68.00 per share₹92.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1200 shares
Fresh Issue Size39,00,000 shares14,13,600 shares
Fresh Issue Size (Amount)up to ₹26.52 Crup to ₹13.01 Cr
OFS Issue Size18,00,000 shares0 shares
OFS Issue Size (Amount)up to ₹12.24 Crup to ₹0.00 Cr
Issue Size Total57,00,000 shares14,13,600 shares
Issue Size Total (Amount)up to ₹38.76 Crup to ₹13.01 Cr

IPO Timetable

Durlax Top Surface IPO opens on Jun 19, 2024, while Falcon Technoprojects IPO opens on Jun 19, 2024. The closing date of Durlax Top Surface IPO and Falcon Technoprojects IPO is Jun 21, 2024, and Jun 21, 2024, respectively.

 Durlax Top Surface IPOFalcon Technoprojects IPO
Anchor Bid DateJun 18, 2024
Issue OpenJun 19, 2024Jun 19, 2024
Issue CloseJun 21, 2024Jun 21, 2024
Basis Of Allotment (Tentative)Jun 24, 2024Jun 24, 2024
Initiation of Refunds (Tentative)Jun 25, 2024Jun 25, 2024
Credit of Share (Tentative)Jun 25, 2024Jun 25, 2024
Listing date (Tentative)Jun 26, 2024Jun 26, 2024
Anchor Lockin End date 1Jul 24, 2024
Anchor Lockin End date 2Sep 22, 2024

Financials & KPIs

Durlax Top Surface IPO P/E ratio is 16.73, as compared to Falcon Technoprojects IPO P/E ratio of 34.25.

 Durlax Top Surface IPOFalcon Technoprojects 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.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets10,553.507,673.027,168.11
Total Income9,083.936,684.204,741.81
Profit After Tax505.07209.4448.42
Net Worth2,184.381,671.211,292.27
Reserves and Surplus941.61431.141,277.29
Total Borrowing6,070.713,690.933,929.82
Amount in ₹ Lakhs

Falcon Technoprojects India Limited Financial Information (Restated)

Period Ended31 Jan 202431 Mar 202331 Mar 202231 Mar 2021
Assets2,143.722,183.612,179.531,720.12
Total Income1,036.621,656.592,290.07946.35
Profit After Tax86.98103.92102.7629.60
Net Worth898.75334.47230.56127.79
Reserves and Surplus511.87284.47180.5677.79
Total Borrowing781.041,232.02962.81729.75
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)95.4484.20
Promoter Shareholding (Post-Issue)60.35
P/E Ratio16.7334.25
Market Cap₹113.07 Cr.₹49.28 Cr.
ROE26.20%9.68%
ROCE20.20%11.54%
Debt/Equity2.78
EPS₹4.06₹2.69
RoNW23.12%9.68%

Shares Offered

In the Durlax Top Surface IPO Retail Individual Investors (RII) are offered 20,00,000 shares while in Falcon Technoprojects 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 in Falcon Technoprojects IPO.

 Durlax Top Surface IPOFalcon Technoprojects IPO
Anchor Investor Reserveration5,92,000 shares
Market Maker Reserveration3,00,000 shares74,400 shares
QIB22,52,000 shares
NII8,56,000 shares7,06,800 shares
RII20,00,000 shares7,06,800 shares
Employee
Others
Total57,00,000 shares14,13,600 shares

Bids Received (Subscription)

Durlax Top Surface IPO subscribed 166.79x in total, whereas Falcon Technoprojects IPO subscribed 65.32x.

 Durlax Top Surface IPOFalcon Technoprojects IPO
QIB (times)48.29x
NII (times)415.06x45.02x
Big NII (times)
Small NII (times)
RII (times)193.95x82.72x
Employee (times)
Other (times)
Total (times)166.79x65.32x