Comparison between ACME Solar Holdings IPO and Garuda Construction IPO.
ACME Solar Holdings 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.
The total issue size of ACME Solar Holdings IPO is up to ₹2,900.00 Cr whereas the issue size of the Garuda Construction IPO is up to ₹264.10 Cr. The final issue price of ACME Solar Holdings IPO is ₹289.00 per share and of Garuda Construction IPO is ₹95.00 per share.
| ACME Solar Holdings IPO | Garuda Construction IPO | |
|---|---|---|
| Face Value | ₹2 per share | ₹5 per share |
| Issue Price (Lower) | ₹275.00 per share | ₹90.00 per share |
| Issue Price (Upper) | ₹289.00 per share | ₹95.00 per share |
| Issue Price (Final) | ₹289.00 per share | ₹95.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹27.00 per share | |
| Market Lot Size | 51 shares | 157 shares |
| Fresh Issue Size | 8,28,79,871 shares | 1,83,00,000 shares |
| Fresh Issue Size (Amount) | up to ₹2,395.04 Cr | up to ₹173.85 Cr |
| OFS Issue Size | 1,74,74,048 shares | 95,00,000 shares |
| OFS Issue Size (Amount) | up to ₹504.96 Cr | up to ₹90.25 Cr |
| Issue Size Total | 10,03,53,919 shares | 2,78,00,000 shares |
| Issue Size Total (Amount) | up to ₹2,900.00 Cr | up to ₹264.10 Cr |
ACME Solar Holdings IPO opens on Nov 06, 2024, while Garuda Construction IPO opens on Oct 08, 2024. The closing date of ACME Solar Holdings IPO and Garuda Construction IPO is Nov 08, 2024, and Oct 10, 2024, respectively.
| ACME Solar Holdings IPO | Garuda Construction IPO | |
|---|---|---|
| Anchor Bid Date | Nov 05, 2024 | Oct 07, 2024 |
| Issue Open | Nov 06, 2024 | Oct 08, 2024 |
| Issue Close | Nov 08, 2024 | Oct 10, 2024 |
| Basis Of Allotment (Tentative) | Nov 11, 2024 | Oct 11, 2024 |
| Initiation of Refunds (Tentative) | Nov 12, 2024 | Oct 14, 2024 |
| Credit of Share (Tentative) | Nov 12, 2024 | Oct 14, 2024 |
| Listing date (Tentative) | Nov 13, 2024 | Oct 15, 2024 |
| Anchor Lockin End date 1 | Dec 11, 2024 | Nov 10, 2024 |
| Anchor Lockin End date 2 | Feb 09, 2025 | Jan 09, 2025 |
ACME Solar Holdings IPO P/E ratio is 21.63, as compared to Garuda Construction IPO P/E ratio of 19.49.
| ACME Solar Holdings IPO | Garuda Construction IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100 | 96.82 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 83.41 | 67.56 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 21.63 | 19.49 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹17486.81 Cr. | ₹883.90 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 2.93 | 36.14% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 46.69% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 3.89 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹13.36 | ₹4.87 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 0.07 | 30.62% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the ACME Solar Holdings IPO Retail Individual Investors (RII) are offered 99,99,999 shares while in Garuda Construction IPO retail investors are offered 99,99,999 shares. Qualified Institutional Buyers (QIB) are offered 3,00,00,001 shares in ACME Solar Holdings IPO and 55,60,000 shares in Garuda Construction IPO.
| ACME Solar Holdings IPO | Garuda Construction IPO | |
|---|---|---|
| Anchor Investor Reservation | 4,50,00,000 shares | 83,40,000 shares |
| Market Maker Reservation | ||
| QIB | 3,00,00,001 shares | 55,60,000 shares |
| NII | 1,49,99,999 shares | 41,70,000 shares |
| RII | 99,99,999 shares | 97,30,000 shares |
| Employee | 3,81,679 shares | |
| Others | ||
| Total | 10,03,81,678 shares | 2,78,00,000 shares |
ACME Solar Holdings IPO subscribed 2.89x in total, whereas Garuda Construction IPO subscribed 7.55x.
| ACME Solar Holdings IPO | Garuda Construction IPO | |
|---|---|---|
| QIB (times) | 3.72x | 1.24x |
| NII (times) | 1.02x | 9.03x |
| Big NII (times) | 0.91x | 7.93x |
| Small NII (times) | 1.24x | 11.23x |
| RII (times) | 3.25x | 10.81x |
| Employee (times) | 1.85x | |
| Other (times) | ||
| Total (times) | 2.89x | 7.55x |
