Comparison between Azad Engineering IPO and Suraj Estate Developers IPO.
Azad Engineering IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Suraj Estate Developers IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Azad Engineering IPO is up to ₹740.00 Cr whereas the issue size of the Suraj Estate Developers IPO is up to ₹400.00 Cr. The final issue price of Azad Engineering IPO is ₹524.00 per share and of Suraj Estate Developers IPO is ₹360.00 per share.
| Azad Engineering IPO | Suraj Estate Developers IPO | |
|---|---|---|
| Face Value | ₹2 per share | ₹5 per share |
| Issue Price (Lower) | ₹499.00 per share | ₹340.00 per share |
| Issue Price (Upper) | ₹524.00 per share | ₹360.00 per share |
| Issue Price (Final) | ₹524.00 per share | ₹360.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹0.00 per share | |
| Market Lot Size | 28 shares | 41 shares |
| Fresh Issue Size | 45,80,151 shares | 1,11,11,111 shares |
| Fresh Issue Size (Amount) | up to ₹240.00 Cr | up to ₹400.00 Cr |
| OFS Issue Size | 95,41,957 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹500.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 1,41,22,108 shares | 1,11,11,111 shares |
| Issue Size Total (Amount) | up to ₹740.00 Cr | up to ₹400.00 Cr |
Azad Engineering IPO opens on Dec 20, 2023, while Suraj Estate Developers IPO opens on Dec 18, 2023. The closing date of Azad Engineering IPO and Suraj Estate Developers IPO is Dec 22, 2023, and Dec 20, 2023, respectively.
| Azad Engineering IPO | Suraj Estate Developers IPO | |
|---|---|---|
| Anchor Bid Date | Dec 19, 2023 | Dec 15, 2023 |
| Issue Open | Dec 20, 2023 | Dec 18, 2023 |
| Issue Close | Dec 22, 2023 | Dec 20, 2023 |
| Basis Of Allotment (Tentative) | Dec 26, 2023 | Dec 21, 2023 |
| Initiation of Refunds (Tentative) | Dec 27, 2023 | Dec 22, 2023 |
| Credit of Share (Tentative) | Dec 27, 2023 | Dec 22, 2023 |
| Listing date (Tentative) | Dec 28, 2023 | Dec 26, 2023 |
| Anchor Lockin End date 1 | Jan 25, 2024 | Jan 20, 2024 |
| Anchor Lockin End date 2 | Mar 25, 2024 | Mar 20, 2024 |
Azad Engineering IPO P/E ratio is 292.74, as compared to Suraj Estate Developers IPO P/E ratio of 35.64.
| Azad Engineering IPO | Suraj Estate Developers IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated Consolidated)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 78.61 | 100 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 65.9 | 74.95 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 292.74 | 35.64 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹3097.52 Cr. | ₹1597.00 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 4.2% | 58.18% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 12.99% | 21.93% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.47 | 8.31 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹1.79 | ₹10.10 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 4.23% | 58.18% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Azad Engineering IPO Retail Individual Investors (RII) are offered 49,16,021 shares while in Suraj Estate Developers IPO retail investors are offered 49,16,021 shares. Qualified Institutional Buyers (QIB) are offered 28,09,155 shares in Azad Engineering IPO and 22,22,222 shares in Suraj Estate Developers IPO.
| Azad Engineering IPO | Suraj Estate Developers IPO | |
|---|---|---|
| Anchor Investor Reservation | 42,13,731 shares | 33,33,333 shares |
| Market Maker Reservation | ||
| QIB | 28,09,155 shares | 22,22,222 shares |
| NII | 21,06,866 shares | 16,66,667 shares |
| RII | 49,16,021 shares | 38,88,889 shares |
| Employee | 76,335 shares | |
| Others | ||
| Total | 1,41,22,108 shares | 1,11,11,111 shares |
Azad Engineering IPO subscribed 83.04x in total, whereas Suraj Estate Developers IPO subscribed 16.57x.
| Azad Engineering IPO | Suraj Estate Developers IPO | |
|---|---|---|
| QIB (times) | 179.64x | 25.74x |
| NII (times) | 90.24x | 20.02x |
| Big NII (times) | 93.30x | 18.37x |
| Small NII (times) | 84.12x | 23.31x |
| RII (times) | 24.51x | 9.85x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 83.04x | 16.57x |
