Comparison between Garuda Construction IPO and Waaree Energies IPO.
Garuda Construction IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Waaree Energies 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 Waaree Energies IPO is up to ₹4,321.44 Cr. The final issue price of Garuda Construction IPO is ₹95.00 per share and of Waaree Energies IPO is ₹1,503.00 per share.
| Garuda Construction IPO | Waaree Energies IPO | |
|---|---|---|
| Face Value | ₹5 per share | ₹10 per share |
| Issue Price (Lower) | ₹90.00 per share | ₹1,427.00 per share |
| Issue Price (Upper) | ₹95.00 per share | ₹1,503.00 per share |
| Issue Price (Final) | ₹95.00 per share | ₹1,503.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹0.00 per share | |
| Market Lot Size | 157 shares | 9 shares |
| Fresh Issue Size | 1,83,00,000 shares | 2,39,52,095 shares |
| Fresh Issue Size (Amount) | up to ₹173.85 Cr | up to ₹3,600.00 Cr |
| OFS Issue Size | 95,00,000 shares | 48,00,000 shares |
| OFS Issue Size (Amount) | up to ₹90.25 Cr | up to ₹721.44 Cr |
| Issue Size Total | 2,78,00,000 shares | 2,87,52,095 shares |
| Issue Size Total (Amount) | up to ₹264.10 Cr | up to ₹4,321.44 Cr |
Garuda Construction IPO opens on Oct 08, 2024, while Waaree Energies IPO opens on Oct 21, 2024. The closing date of Garuda Construction IPO and Waaree Energies IPO is Oct 10, 2024, and Oct 23, 2024, respectively.
| Garuda Construction IPO | Waaree Energies IPO | |
|---|---|---|
| Anchor Bid Date | Oct 07, 2024 | Oct 18, 2024 |
| Issue Open | Oct 08, 2024 | Oct 21, 2024 |
| Issue Close | Oct 10, 2024 | Oct 23, 2024 |
| Basis Of Allotment (Tentative) | Oct 11, 2024 | Oct 24, 2024 |
| Initiation of Refunds (Tentative) | Oct 14, 2024 | Oct 25, 2024 |
| Credit of Share (Tentative) | Oct 14, 2024 | Oct 25, 2024 |
| Listing date (Tentative) | Oct 15, 2024 | Oct 28, 2024 |
| Anchor Lockin End date 1 | Nov 10, 2024 | Nov 22, 2024 |
| Anchor Lockin End date 2 | Jan 09, 2025 | Jan 21, 2025 |
Garuda Construction IPO P/E ratio is 19.49, as compared to Waaree Energies IPO P/E ratio of 30.87.
| Garuda Construction IPO | Waaree Energies IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 96.82 | 71.8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 67.56 | 64.3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 19.49 | 30.87 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹883.90 Cr. | ₹42939.36 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 36.14% | 8.79% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 46.69% | 9.45% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.06 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹4.87 | ₹48.69 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 30.62% | 8.81% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Garuda Construction IPO Retail Individual Investors (RII) are offered 97,30,000 shares while in Waaree Energies IPO retail investors are offered 97,30,000 shares. Qualified Institutional Buyers (QIB) are offered 55,60,000 shares in Garuda Construction IPO and 56,63,925 shares in Waaree Energies IPO.
| Garuda Construction IPO | Waaree Energies IPO | |
|---|---|---|
| Anchor Investor Reservation | 83,40,000 shares | 84,95,887 shares |
| Market Maker Reservation | ||
| QIB | 55,60,000 shares | 56,63,925 shares |
| NII | 41,70,000 shares | 42,47,945 shares |
| RII | 97,30,000 shares | 99,11,870 shares |
| Employee | 4,32,468 shares | |
| Others | ||
| Total | 2,78,00,000 shares | 2,87,52,095 shares |
Garuda Construction IPO subscribed 7.55x in total, whereas Waaree Energies IPO subscribed 79.44x.
| Garuda Construction IPO | Waaree Energies IPO | |
|---|---|---|
| QIB (times) | 1.24x | 215.03x |
| NII (times) | 9.03x | 65.25x |
| Big NII (times) | 7.93x | 71.32x |
| Small NII (times) | 11.23x | 53.10x |
| RII (times) | 10.81x | 11.27x |
| Employee (times) | 5.45x | |
| Other (times) | ||
| Total (times) | 7.55x | 79.44x |
