Comparison between Garuda Construction IPO and KRN Heat Exchanger IPO.
Garuda Construction IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while KRN Heat Exchanger IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Garuda Construction IPO is up to ₹264.10 Cr whereas the issue size of the KRN Heat Exchanger IPO is up to ₹341.95 Cr. The final issue price of Garuda Construction IPO is ₹95.00 per share and of KRN Heat Exchanger IPO is ₹220.00 per share.
| Garuda Construction IPO | KRN Heat Exchanger IPO | |
|---|---|---|
| Face Value | ₹5 per share | ₹10 per share |
| Issue Price (Lower) | ₹90.00 per share | ₹209.00 per share |
| Issue Price (Upper) | ₹95.00 per share | ₹220.00 per share |
| Issue Price (Final) | ₹95.00 per share | ₹220.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 157 shares | 65 shares |
| Fresh Issue Size | 1,83,00,000 shares | 1,55,43,000 shares |
| Fresh Issue Size (Amount) | up to ₹173.85 Cr | up to ₹341.95 Cr |
| OFS Issue Size | 95,00,000 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹90.25 Cr | up to ₹0.00 Cr |
| Issue Size Total | 2,78,00,000 shares | 1,55,43,000 shares |
| Issue Size Total (Amount) | up to ₹264.10 Cr | up to ₹341.95 Cr |
Garuda Construction IPO opens on Oct 08, 2024, while KRN Heat Exchanger IPO opens on Sep 25, 2024. The closing date of Garuda Construction IPO and KRN Heat Exchanger IPO is Oct 10, 2024, and Sep 27, 2024, respectively.
| Garuda Construction IPO | KRN Heat Exchanger IPO | |
|---|---|---|
| Anchor Bid Date | Oct 07, 2024 | Sep 24, 2024 |
| Issue Open | Oct 08, 2024 | Sep 25, 2024 |
| Issue Close | Oct 10, 2024 | Sep 27, 2024 |
| Basis Of Allotment (Tentative) | Oct 11, 2024 | Sep 30, 2024 |
| Initiation of Refunds (Tentative) | Oct 14, 2024 | Oct 01, 2024 |
| Credit of Share (Tentative) | Oct 14, 2024 | Oct 01, 2024 |
| Listing date (Tentative) | Oct 15, 2024 | Oct 03, 2024 |
| Anchor Lockin End date 1 | Nov 10, 2024 | Oct 30, 2024 |
| Anchor Lockin End date 2 | Jan 09, 2025 | Dec 29, 2024 |
Garuda Construction IPO P/E ratio is 19.49, as compared to KRN Heat Exchanger IPO P/E ratio of 24.78.
| Garuda Construction IPO | KRN Heat Exchanger IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 96.82 | 94.39 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 67.56 | 70.78 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 19.49 | 24.78 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹883.90 Cr. | ₹1309.51 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 36.14% | 40.86% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 46.69% | 31.21% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.45 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹4.87 | ₹8.88 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 30.62% | 29.68% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Garuda Construction IPO Retail Individual Investors (RII) are offered 97,30,000 shares while in KRN Heat Exchanger IPO retail investors are offered 97,30,000 shares. Qualified Institutional Buyers (QIB) are offered 55,60,000 shares in Garuda Construction IPO and 31,07,455 shares in KRN Heat Exchanger IPO.
| Garuda Construction IPO | KRN Heat Exchanger IPO | |
|---|---|---|
| Anchor Investor Reservation | 83,40,000 shares | 45,50,000 shares |
| Market Maker Reservation | ||
| QIB | 55,60,000 shares | 31,07,455 shares |
| NII | 41,70,000 shares | 23,87,215 shares |
| RII | 97,30,000 shares | 54,98,330 shares |
| Employee | ||
| Others | ||
| Total | 2,78,00,000 shares | 1,55,43,000 shares |
Garuda Construction IPO subscribed 7.55x in total, whereas KRN Heat Exchanger IPO subscribed 213.41x.
| Garuda Construction IPO | KRN Heat Exchanger IPO | |
|---|---|---|
| QIB (times) | 1.24x | 253.04x |
| NII (times) | 9.03x | 430.54x |
| Big NII (times) | 7.93x | 445.31x |
| Small NII (times) | 11.23x | 401.01x |
| RII (times) | 10.81x | 96.74x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 7.55x | 213.41x |
