Abans Holdings IPO vs Global Surfaces IPO

Comparision between Abans Holdings IPO and Global Surfaces IPO.

IPO Details

Abans Holdings IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Global Surfaces IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Abans Holdings IPO	Global Surfaces IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Aryaman Financial Services Limited	Unistone Capital Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Abans Holdings IPO is up to ₹345.60 Cr whereas the issue size of the Global Surfaces IPO is up to ₹154.98 Cr. The final issue price of Abans Holdings IPO is ₹270.00 per share and of Global Surfaces IPO is ₹140.00 per share.

	Abans Holdings IPO	Global Surfaces IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹256.00 per share	₹133.00 per share
Issue Price (Upper)	₹270.00 per share	₹140.00 per share
Issue Price (Final)	₹270.00 per share	₹140.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	55 shares	100 shares
Fresh Issue Size	38,00,000 shares	85,20,000 shares
Fresh Issue Size (Amount)	up to ₹102.60 Cr	up to ₹119.28 Cr
OFS Issue Size	90,00,000 shares	25,50,000 shares
OFS Issue Size (Amount)	up to ₹243.00 Cr	up to ₹35.70 Cr
Issue Size Total	1,28,00,000 shares	1,10,70,000 shares
Issue Size Total (Amount)	up to ₹345.60 Cr	up to ₹154.98 Cr

IPO Timetable

Abans Holdings IPO opens on Dec 12, 2022, while Global Surfaces IPO opens on Mar 13, 2023. The closing date of Abans Holdings IPO and Global Surfaces IPO is Dec 15, 2022, and Mar 15, 2023, respectively.

	Abans Holdings IPO	Global Surfaces IPO
Anchor Bid Date	Dec 09, 2022	Mar 10, 2023
Issue Open	Dec 12, 2022	Mar 13, 2023
Issue Close	Dec 15, 2022	Mar 15, 2023
Basis Of Allotment (Tentative)	Dec 20, 2022	Mar 20, 2023
Initiation of Refunds (Tentative)	Dec 21, 2022	Mar 21, 2023
Credit of Share (Tentative)	Dec 22, 2022	Mar 22, 2023
Listing date (Tentative)	Dec 23, 2022	Mar 23, 2023
Anchor Lockin End date 1	Jan 19, 2023	Apr 19, 2023
Anchor Lockin End date 2	Mar 20, 2023	Jun 18, 2023

Financials

Abans Holdings IPO P/E ratio is 18.96, as compared to Global Surfaces IPO P/E ratio of 21.84.

Abans Holdings IPO

Global Surfaces IPO

Financial

Abans Holdings Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	1212.98	2771.88	39.22	499.55	318.79
31-Mar-21	1181.51	1331.37	45.8	561.95	267.39
31-Mar-22	1168.69	646.23	61.97	631.11	85.9
31-Aug-22	1230.72	288.31	29.74	678.17	76.92
Amount in ₹ Crore

Global Surfaces Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	128.73	165.78	20.96	64.48	58.03	53.49
31-Mar-21	159.00	179.00	33.93	98.43	91.98	37.46
31-Mar-22	236.48	198.36	35.63	134.04	100.17	37.28
30-Sep-22	280.20	99.25	13.59	148.93	115.07	50.52
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

97.42%

99.35%

Promoter Shareholding (Post-Issue)

72.09%

P/E Ratio

18.96

21.84

Market Cap

₹1353.94 Cr.

₹593.35 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Abans Holdings IPO retail investors (RII) are offered 76,80,000 shares while in Global Surfaces IPO retail investors are offered 76,80,000 shares. Qualified institutional buyers (QIB) are offered 12,80,000 shares in Abans Holdings IPO and 22,14,000 shares in Global Surfaces IPO.

	Abans Holdings IPO	Global Surfaces IPO
Anchor Investor Reserveration		33,21,000 shares
Market Maker Reserveration
QIB	12,80,000 shares	22,14,000 shares
NII	38,40,000 shares	16,60,500 shares
RII	76,80,000 shares	38,74,500 shares
Employee	0 shares	0 shares
Others
Total	1,28,00,000 shares	77,49,000 shares

Bids Received (Subscription)

Abans Holdings IPO subscribed 1.10x in total, whereas Global Surfaces IPO subscribed 12.21x.

	Abans Holdings IPO	Global Surfaces IPO
QIB (times)	4.10x	8.95x
NII (times)	1.48x	33.10x
Big NII (times)	2.15x	35.00x
Small NII (times)	0.13x	29.29x
RII (times)	0.40x	5.12x
Employee (times)
Other (times)
Total (times)	1.10x	12.21x

Compare with others

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Global Surfaces IPO	Tata Technologies IPO
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Sah Polymers IPO	Divgi TorqTransfer Systems IPO
Elin Electronics IPO	Signatureglobal India IPO
Sula Vineyards IPO	Radiant Cash Management IPO
Dharmaj Crop Guard IPO	KFin Technologies IPO
Landmark Cars IPO	Abans Holdings IPO

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