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Global Surfaces IPO vs Tata Technologies IPO

Comparison between Global Surfaces IPO and Tata Technologies IPO.

IPO Details

Global Surfaces IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Tata Technologies IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

 Global Surfaces IPOTata Technologies IPO
LogoGlobal Surfaces IPO LogoTata Technologies IPO Logo
Issue CategoryMainboardMainboard
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE, NSEBSE, NSE
Lead ManagersUnistone Capital Pvt.Ltd.BOFA Securities India Ltd.

Citigroup Global Markets India Pvt.Ltd.

JM Financial Ltd.
RegistrarBigshare Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market Maker
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Global Surfaces IPO is up to ₹154.98 Cr whereas the issue size of the Tata Technologies IPO is up to ₹3,042.51 Cr. The final issue price of Global Surfaces IPO is ₹140.00 per share and of Tata Technologies IPO is ₹500.00 per share.

 Global Surfaces IPOTata Technologies IPO
Face Value₹10 per share₹2 per share
Issue Price (Lower)₹133.00 per share₹475.00 per share
Issue Price (Upper)₹140.00 per share₹500.00 per share
Issue Price (Final)₹140.00 per share₹500.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size100 shares30 shares
Fresh Issue Size85,20,000 shares0 shares
Fresh Issue Size (Amount)up to ₹119.28 Crup to ₹0.00 Cr
OFS Issue Size25,50,000 shares6,08,50,278 shares
OFS Issue Size (Amount)up to ₹35.70 Crup to ₹3,042.51 Cr
Issue Size Total1,10,70,000 shares6,08,50,278 shares
Issue Size Total (Amount)up to ₹154.98 Crup to ₹3,042.51 Cr

IPO Timetable

Global Surfaces IPO opens on Mar 13, 2023, while Tata Technologies IPO opens on Nov 22, 2023. The closing date of Global Surfaces IPO and Tata Technologies IPO is Mar 15, 2023, and Nov 24, 2023, respectively.

 Global Surfaces IPOTata Technologies IPO
Anchor Bid DateMar 10, 2023Nov 21, 2023
Issue OpenMar 13, 2023Nov 22, 2023
Issue CloseMar 15, 2023Nov 24, 2023
Basis Of Allotment (Tentative)Mar 20, 2023Nov 28, 2023
Initiation of Refunds (Tentative)Mar 21, 2023Nov 29, 2023
Credit of Share (Tentative)Mar 22, 2023Nov 29, 2023
Listing date (Tentative)Mar 23, 2023Nov 30, 2023
Anchor Lockin End date 1Apr 19, 2023Dec 28, 2023
Anchor Lockin End date 2Jun 18, 2023Feb 26, 2024

Financials & KPIs

Global Surfaces IPO P/E ratio is 21.84, as compared to Tata Technologies IPO P/E ratio of 32.53.

 Global Surfaces IPOTata Technologies IPO
Financials

Company Financials (Restated Consolidated)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets280.20236.48159.00128.73
Total Income99.25198.36179.00165.78
Profit After Tax13.5935.6333.9320.96
NET Worth148.93134.0498.4364.48
Reserves and Surplus115.07100.1791.9858.03
Total Borrowing50.5237.2837.4653.49
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,142.425,201.494,218.003,572.74
Total Income2,587.424,501.933,578.382,425.74
Profit After Tax351.90624.04436.99239.17
NET Worth2,853.132,989.472,280.162,142.15
Reserves and Surplus2,455.292,605.602,028.931,897.46
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.3566.79
Promoter Shareholding (Post-Issue)55.39
P/E Ratio21.8432.53
Market Cap₹593.35 Cr.₹20283.43 Cr.
ROE26.59
ROCE20.85
Debt/Equity0.28
EPS₹10.52₹15.37
RoNW32.5120.87%

Shares Offered

In the Global Surfaces IPO Retail Individual Investors (RII) are offered 38,74,500 shares while in Tata Technologies IPO retail investors are offered 38,74,500 shares. Qualified Institutional Buyers (QIB) are offered 22,14,000 shares in Global Surfaces IPO and 1,05,47,382 shares in Tata Technologies IPO.

 Global Surfaces IPOTata Technologies IPO
Anchor Investor Reservation33,21,000 shares1,58,21,071 shares
Market Maker Reservation0 shares
QIB22,14,000 shares1,05,47,382 shares
NII16,60,500 shares79,10,537 shares
RII38,74,500 shares1,84,57,919 shares
Employee20,28,342 shares
Others
Total1,10,70,000 shares6,08,50,278 shares

Bids Received (Subscription)

Global Surfaces IPO subscribed 12.21x in total, whereas Tata Technologies IPO subscribed 69.43x.

 Global Surfaces IPOTata Technologies IPO
QIB (times)8.95x203.41x
NII (times)33.10x62.11x
Big NII (times)35.00x70.67x
Small NII (times)29.29x44.98x
RII (times)5.12x16.50x
Employee (times)3.70x
Other (times)29.20x
Total (times)12.21x69.43x

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