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Global Surfaces IPO vs KFin Technologies IPO

Comparison between Global Surfaces IPO and KFin Technologies IPO.

IPO Details

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

 Global Surfaces IPOKFin Technologies IPO
LogoGlobal Surfaces IPO LogoKFin Technologies IPO Logo
Issue CategoryMainboardMainboard
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE, NSEBSE, NSE
Lead ManagersUnistone Capital Pvt.Ltd.Jefferies India Pvt.Ltd.

IIFL Capital Services Ltd.

JP Morgan India Pvt.Ltd.

Kotak Mahindra Capital Co.Ltd.

ICICI Securities Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services 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 KFin Technologies IPO is up to ₹1,500.00 Cr. The final issue price of Global Surfaces IPO is ₹140.00 per share and of KFin Technologies IPO is ₹366.00 per share.

 Global Surfaces IPOKFin Technologies IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹133.00 per share₹347.00 per share
Issue Price (Upper)₹140.00 per share₹366.00 per share
Issue Price (Final)₹140.00 per share₹366.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size100 shares40 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 shares4,09,83,606 shares
OFS Issue Size (Amount)up to ₹35.70 Crup to ₹1,500.00 Cr
Issue Size Total1,10,70,000 shares4,09,83,606 shares
Issue Size Total (Amount)up to ₹154.98 Crup to ₹1,500.00 Cr

IPO Timetable

Global Surfaces IPO opens on Mar 13, 2023, while KFin Technologies IPO opens on Dec 19, 2022. The closing date of Global Surfaces IPO and KFin Technologies IPO is Mar 15, 2023, and Dec 21, 2022, respectively.

 Global Surfaces IPOKFin Technologies IPO
Anchor Bid DateMar 10, 2023Dec 16, 2022
Issue OpenMar 13, 2023Dec 19, 2022
Issue CloseMar 15, 2023Dec 21, 2022
Basis Of Allotment (Tentative)Mar 20, 2023Dec 26, 2022
Initiation of Refunds (Tentative)Mar 21, 2023Dec 27, 2022
Credit of Share (Tentative)Mar 22, 2023Dec 28, 2022
Listing date (Tentative)Mar 23, 2023Dec 29, 2022
Anchor Lockin End date 1Apr 19, 2023Jan 25, 2023
Anchor Lockin End date 2Jun 18, 2023Mar 26, 2023

Financials & KPIs

Global Surfaces IPO P/E ratio is 21.84, as compared to KFin Technologies IPO P/E ratio of 35.92.

 Global Surfaces IPOKFin 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)

Period Ended30 Sep 202231 Mar 202230 Sep 202131 Mar 202131 Mar 202031 Mar 2019
Assets1,114.811,026.41973.26922.61868.381,021.78
Total Income353.76645.56293.43486.20455.27164.76
Profit After Tax85.35148.5567.80-64.514.528.96
NET Worth736.72644.34269.95346.40409.58519.28
Reserves and Surplus0.000.000.000.000.00
Total Borrowing126.24122.51321.44346.13375.44406.01
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.3574.37
Promoter Shareholding (Post-Issue)49.91
P/E Ratio21.8435.92
Market Cap₹593.35 Cr.₹6133.02 Cr.
ROE26.59
ROCE20.85
Debt/Equity0.28
EPS₹10.52₹9.44
RoNW32.5129.99

Shares Offered

In the Global Surfaces IPO Retail Individual Investors (RII) are offered 38,74,500 shares while in KFin 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 1,22,95,083 shares in KFin Technologies IPO.

 Global Surfaces IPOKFin Technologies IPO
Anchor Investor Reservation33,21,000 shares1,84,42,623 shares
Market Maker Reservation
QIB22,14,000 shares1,22,95,083 shares
NII16,60,500 shares61,47,540 shares
RII38,74,500 shares40,98,360 shares
Employee
Others
Total1,10,70,000 shares4,09,83,606 shares

Bids Received (Subscription)

Global Surfaces IPO subscribed 12.21x in total, whereas KFin Technologies IPO subscribed 2.59x.

 Global Surfaces IPOKFin Technologies IPO
QIB (times)8.95x4.17x
NII (times)33.10x0.23x
Big NII (times)35.00x0.25x
Small NII (times)29.29x0.20x
RII (times)5.12x1.36x
Employee (times)
Other (times)
Total (times)12.21x2.59x

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Global Surfaces IPO Vs KFin Technologies IPO