Comparison between Global Surfaces IPO and Radiant Cash Management IPO.
Global Surfaces IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Radiant Cash Management IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Global Surfaces IPO is up to ₹154.98 Cr whereas the issue size of the Radiant Cash Management IPO is up to ₹256.64 Cr. The final issue price of Global Surfaces IPO is ₹140.00 per share and of Radiant Cash Management IPO is ₹94.00 per share.
| Global Surfaces IPO | Radiant Cash Management IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹1 per share |
| Issue Price (Lower) | ₹133.00 per share | ₹94.00 per share |
| Issue Price (Upper) | ₹140.00 per share | ₹99.00 per share |
| Issue Price (Final) | ₹140.00 per share | ₹94.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 100 shares | 150 shares |
| Fresh Issue Size | 85,20,000 shares | 54,54,546 shares |
| Fresh Issue Size (Amount) | up to ₹119.28 Cr | up to ₹52.47 Cr |
| OFS Issue Size | 25,50,000 shares | 2,12,22,431 shares |
| OFS Issue Size (Amount) | up to ₹35.70 Cr | up to ₹204.17 Cr |
| Issue Size Total | 1,10,70,000 shares | 2,66,76,977 shares |
| Issue Size Total (Amount) | up to ₹154.98 Cr | up to ₹256.64 Cr |
Global Surfaces IPO opens on Mar 13, 2023, while Radiant Cash Management IPO opens on Dec 23, 2022. The closing date of Global Surfaces IPO and Radiant Cash Management IPO is Mar 15, 2023, and Dec 27, 2022, respectively.
| Global Surfaces IPO | Radiant Cash Management IPO | |
|---|---|---|
| Anchor Bid Date | Mar 10, 2023 | Dec 22, 2022 |
| Issue Open | Mar 13, 2023 | Dec 23, 2022 |
| Issue Close | Mar 15, 2023 | Dec 27, 2022 |
| Basis Of Allotment (Tentative) | Mar 20, 2023 | Dec 30, 2022 |
| Initiation of Refunds (Tentative) | Mar 21, 2023 | Jan 02, 2023 |
| Credit of Share (Tentative) | Mar 22, 2023 | Jan 03, 2023 |
| Listing date (Tentative) | Mar 23, 2023 | Jan 04, 2023 |
| Anchor Lockin End date 1 | Apr 19, 2023 | Jan 29, 2023 |
| Anchor Lockin End date 2 | Jun 18, 2023 | Mar 30, 2023 |
Global Surfaces IPO P/E ratio is 21.84, as compared to Radiant Cash Management IPO P/E ratio of 17.34.
| Global Surfaces IPO | Radiant Cash Management IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 99.35 | 66.39 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 53.21 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 21.84 | 17.34 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹593.35 Cr. | ₹1062.41 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 26.59 | 27.34 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 20.85 | 33.07 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.28 | 0.21 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹10.52 | ₹3.77 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 32.51 | 27.34 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Global Surfaces IPO Retail Individual Investors (RII) are offered 38,74,500 shares while in Radiant Cash Management IPO retail investors are offered 38,74,500 shares. Qualified Institutional Buyers (QIB) are offered 22,14,000 shares in Global Surfaces IPO and 15,82,807 shares in Radiant Cash Management IPO.
| Global Surfaces IPO | Radiant Cash Management IPO | |
|---|---|---|
| Anchor Investor Reservation | 33,21,000 shares | 1,17,55,681 shares |
| Market Maker Reservation | ||
| QIB | 22,14,000 shares | 15,82,807 shares |
| NII | 16,60,500 shares | 40,01,547 shares |
| RII | 38,74,500 shares | 93,36,942 shares |
| Employee | ||
| Others | ||
| Total | 1,10,70,000 shares | 2,66,76,977 shares |
Global Surfaces IPO subscribed 12.21x in total, whereas Radiant Cash Management IPO subscribed 0.53x.
| Global Surfaces IPO | Radiant Cash Management IPO | |
|---|---|---|
| QIB (times) | 8.95x | 1.01x |
| NII (times) | 33.10x | 0.66x |
| Big NII (times) | 35.00x | 0.94x |
| Small NII (times) | 29.29x | 0.09x |
| RII (times) | 5.12x | 0.21x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 12.21x | 0.53x |
