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Durlax Top Surface IPO vs Winny Immigration IPO

Comparison between Durlax Top Surface IPO and Winny Immigration IPO.

IPO Details

Durlax Top Surface IPO is a SME Fixed Price IPO proposed to list at NSE SME while Winny Immigration IPO is a SME Fixed Price proposed to list at NSE SME.

 Durlax Top Surface IPOWinny Immigration IPO
LogoDurlax Top Surface IPO LogoWinny Immigration IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersExpert Global Consultants Pvt.Ltd.Interactive Financial Services Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerGlobalworth Securities Ltd.Aftertrade Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Durlax Top Surface IPO is up to ₹38.76 Cr whereas the issue size of the Winny Immigration IPO is up to ₹8.65 Cr. The final issue price of Durlax Top Surface IPO is ₹68.00 per share and of Winny Immigration IPO is ₹140.00 per share.

 Durlax Top Surface IPOWinny Immigration IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹65.00 per share
Issue Price (Upper)₹68.00 per share
Issue Price (Final)₹68.00 per share₹140.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1000 shares
Fresh Issue Size39,00,000 shares6,18,000 shares
Fresh Issue Size (Amount)up to ₹26.52 Crup to ₹8.65 Cr
OFS Issue Size18,00,000 shares0 shares
OFS Issue Size (Amount)up to ₹12.24 Crup to ₹0.00 Cr
Issue Size Total57,00,000 shares6,18,000 shares
Issue Size Total (Amount)up to ₹38.76 Crup to ₹8.65 Cr

IPO Timetable

Durlax Top Surface IPO opens on Jun 19, 2024, while Winny Immigration IPO opens on Jun 20, 2024. The closing date of Durlax Top Surface IPO and Winny Immigration IPO is Jun 21, 2024, and Jun 24, 2024, respectively.

 Durlax Top Surface IPOWinny Immigration IPO
Anchor Bid DateJun 18, 2024
Issue OpenJun 19, 2024Jun 20, 2024
Issue CloseJun 21, 2024Jun 24, 2024
Basis Of Allotment (Tentative)Jun 24, 2024Jun 25, 2024
Initiation of Refunds (Tentative)Jun 25, 2024Jun 26, 2024
Credit of Share (Tentative)Jun 25, 2024Jun 26, 2024
Listing date (Tentative)Jun 26, 2024Jun 27, 2024
Anchor Lockin End date 1Jul 24, 2024
Anchor Lockin End date 2Sep 22, 2024

Financials & KPIs

Durlax Top Surface IPO P/E ratio is 16.73, as compared to Winny Immigration IPO P/E ratio of 54.12.

 Durlax Top Surface IPOWinny Immigration IPO
Financials

Durlax Top Surface Limited Financial Information (Restated)

Durlax Top Surface Limited's revenue increased by 35.9% and profit after tax (PAT) rose by 141.15% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets10,553.507,673.027,168.11
Total Income9,083.936,684.204,741.81
Profit After Tax505.07209.4448.42
Net Worth2,184.381,671.211,292.27
Reserves and Surplus941.61431.141,277.29
Total Borrowing6,070.713,690.933,929.82
Amount in ₹ Lakhs

Winny Immigration and Education Services Ltd Financial Information (Restated)

Winny Immigration and Education Services Ltd's revenue decreased by -8% and profit after tax (PAT) dropped by -72.86% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets542.84541.93276.26
Total Income1,102.121,197.911,004.07
Profit After Tax39.27144.71127.63
Net Worth230.72191.4646.75
Reserves and Surplus78.92188.1643.45
Total Borrowing206.84232.02127.91
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)95.4483.63
Promoter Shareholding (Post-Issue)60.3558.51
P/E Ratio16.7354.12
Market Cap₹113.07 Cr.₹30.38 Cr.
ROE26.20%18.60%
ROCE20.20%15.74%
Debt/Equity2.780.90
EPS₹4.06₹2.59
RoNW23.12%17.02%

Shares Offered

In the Durlax Top Surface IPO Retail Individual Investors (RII) are offered 20,00,000 shares while in Winny Immigration IPO retail investors are offered 20,00,000 shares. Qualified Institutional Buyers (QIB) are offered 22,52,000 shares in Durlax Top Surface IPO and in Winny Immigration IPO.

 Durlax Top Surface IPOWinny Immigration IPO
Anchor Investor Reserveration5,92,000 shares
Market Maker Reserveration3,00,000 shares34,000 shares
QIB22,52,000 shares
NII8,56,000 shares3,09,000 shares
RII20,00,000 shares3,09,000 shares
Employee
Others
Total57,00,000 shares6,18,000 shares

Bids Received (Subscription)

Durlax Top Surface IPO subscribed 166.79x in total, whereas Winny Immigration IPO subscribed 154.67x.

 Durlax Top Surface IPOWinny Immigration IPO
QIB (times)48.29x
NII (times)415.06x109.65x
Big NII (times)
Small NII (times)
RII (times)193.95x190.66x
Employee (times)
Other (times)
Total (times)166.79x154.67x