Adani Enterprises FPO vs Global Surfaces IPO

Comparision between Adani Enterprises FPO and Global Surfaces IPO.

IPO Details

Adani Enterprises FPO 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.

	Adani Enterprises FPO	Global Surfaces IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	FPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	ICICI Securities Limited Jefferies India Private Limited SBI Capital Markets Limited Axis Capital Limited Bob Capital Markets Limited Idbi Capital Market Services Limited Jm Financial Limited Iifl Securities Ltd Monarch Networth Capital Ltd Elara Capital (India) Private Limited	Unistone Capital Pvt Ltd
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL		IPO Allotment URL

Issue Size and Price

The total issue size of Adani Enterprises FPO is up to ₹20,000.00 Cr whereas the issue size of the Global Surfaces IPO is up to ₹154.98 Cr. The final issue price of Adani Enterprises FPO is and of Global Surfaces IPO is ₹140.00 per share.

	Adani Enterprises FPO	Global Surfaces IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)	₹3,112.00 per share	₹133.00 per share
Issue Price (Upper)	₹3,276.00 per share	₹140.00 per share
Issue Price (Final)		₹140.00 per share
Discount (Retail)	₹64.00 per share
Discount (Employee)
Market Lot Size	4 shares	100 shares
Fresh Issue Size	6,47,38,475 shares	85,20,000 shares
Fresh Issue Size (Amount)	up to ₹20,000.00 Cr	up to ₹119.28 Cr
OFS Issue Size		25,50,000 shares
OFS Issue Size (Amount)		up to ₹35.70 Cr
Issue Size Total	6,47,38,475 shares	1,10,70,000 shares
Issue Size Total (Amount)	up to ₹20,000.00 Cr	up to ₹154.98 Cr

IPO Timetable

Adani Enterprises FPO opens on Jan 27, 2023, while Global Surfaces IPO opens on Mar 13, 2023. The closing date of Adani Enterprises FPO and Global Surfaces IPO is Jan 31, 2023, and Mar 15, 2023, respectively.

	Adani Enterprises FPO	Global Surfaces IPO
Anchor Bid Date	Jan 25, 2023	Mar 10, 2023
Issue Open	Jan 27, 2023	Mar 13, 2023
Issue Close	Jan 31, 2023	Mar 15, 2023
Basis Of Allotment (Tentative)	Feb 03, 2023	Mar 20, 2023
Initiation of Refunds (Tentative)	Feb 06, 2023	Mar 21, 2023
Credit of Share (Tentative)	Feb 07, 2023	Mar 22, 2023
Listing date (Tentative)	Feb 08, 2023	Mar 23, 2023
Anchor Lockin End date 1	Mar 05, 2023	Apr 19, 2023
Anchor Lockin End date 2	May 04, 2023	Jun 18, 2023

Financials

Adani Enterprises FPO P/E ratio is , as compared to Global Surfaces IPO P/E ratio of 21.84.

Adani Enterprises FPO

Global Surfaces IPO

Financial

Adani Enterprises Limited Financial Information (Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	46898.36	44086.21	1039.99	18209.94	12604.91
31-Mar-21	51642.86	40290.93	1045.76	18910.01	16051.42
30-Sep-21	82324.68	26327.73	460.14	23176.28	32189.62
31-Mar-22	101760.19	70432.69	787.7	26928.37	41023.77
30-Sep-22	123091.28	79507.89	901.04	36176.4	40023.5
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)

72.63%

99.35%

Promoter Shareholding (Post-Issue)

P/E Ratio

21.84

Market Cap

₹593.35 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Adani Enterprises FPO retail investors (RII) are offered 2,29,08,464 shares while in Global Surfaces IPO retail investors are offered 2,29,08,464 shares. Qualified institutional buyers (QIB) are offered 1,28,21,336 shares in Adani Enterprises FPO and 22,14,000 shares in Global Surfaces IPO.

	Adani Enterprises FPO	Global Surfaces IPO
Anchor Investor Reserveration		33,21,000 shares
Market Maker Reserveration
QIB	1,28,21,336 shares	22,14,000 shares
NII	96,16,323 shares	16,60,500 shares
RII	2,29,08,464 shares	38,74,500 shares
Employee	1,60,668 shares	0 shares
Others
Total	4,55,06,791 shares	77,49,000 shares

Bids Received (Subscription)

Adani Enterprises FPO subscribed 1.12x in total, whereas Global Surfaces IPO subscribed 12.21x.

	Adani Enterprises FPO	Global Surfaces IPO
QIB (times)	1.26x	8.95x
NII (times)	3.32x	33.10x
Big NII (times)	4.97x	35.00x
Small NII (times)	0.02x	29.29x
RII (times)	0.12x	5.12x
Employee (times)	0.55x
Other (times)
Total (times)	1.12x	12.21x

Compare with others

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Avalon Technologies IPO	Tata Technologies IPO
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Signatureglobal India IPO	Udayshivakumar Infra IPO
Radiant Cash Management IPO	Divgi TorqTransfer Systems IPO
KFin Technologies IPO	Signatureglobal India IPO
Abans Holdings IPO	Radiant Cash Management IPO
Sah Polymers IPO	KFin Technologies IPO
Elin Electronics IPO	Abans Holdings IPO

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