Afcons Infrastructure IPO vs Diffusion Engineers IPO

Comparision between Afcons Infrastructure IPO and Diffusion Engineers IPO.

IPO Details

Afcons Infrastructure IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Diffusion Engineers IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Afcons Infrastructure IPO	Diffusion Engineers 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	ICICI Securities Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Jefferies India Private Limited Nomura Financial Advisory And Securities (India) Pvt Ltd Nuvama Wealth Management Limited SBI Capital Markets 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	IPO Allotment URL

Issue Size and Price

The total issue size of Afcons Infrastructure IPO is up to ₹5,430.00 Cr whereas the issue size of the Diffusion Engineers IPO is up to ₹158.00 Cr. The final issue price of Afcons Infrastructure IPO is ₹463.00 per share and of Diffusion Engineers IPO is ₹168.00 per share.

	Afcons Infrastructure IPO	Diffusion Engineers IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹440.00 per share	₹159.00 per share
Issue Price (Upper)	₹463.00 per share	₹168.00 per share
Issue Price (Final)	₹463.00 per share	₹168.00 per share
Discount (Retail)
Discount (Employee)	₹44.00 per share	₹8.00 per share
Market Lot Size	32 shares	88 shares
Fresh Issue Size	2,69,97,840 shares	94,05,000 shares
Fresh Issue Size (Amount)	up to ₹1,250.00 Cr	up to ₹158.00 Cr
OFS Issue Size	9,02,80,778 shares
OFS Issue Size (Amount)	up to ₹4,180.00 Cr
Issue Size Total	11,72,78,618 shares	94,05,000 shares
Issue Size Total (Amount)	up to ₹5,430.00 Cr	up to ₹158.00 Cr

IPO Timetable

Afcons Infrastructure IPO opens on Oct 25, 2024, while Diffusion Engineers IPO opens on Sep 26, 2024. The closing date of Afcons Infrastructure IPO and Diffusion Engineers IPO is Oct 29, 2024, and Sep 30, 2024, respectively.

	Afcons Infrastructure IPO	Diffusion Engineers IPO
Anchor Bid Date	Oct 24, 2024	Sep 25, 2024
Issue Open	Oct 25, 2024	Sep 26, 2024
Issue Close	Oct 29, 2024	Sep 30, 2024
Basis Of Allotment (Tentative)	Oct 30, 2024	Oct 01, 2024
Initiation of Refunds (Tentative)	Oct 31, 2024	Oct 03, 2024
Credit of Share (Tentative)	Oct 31, 2024	Oct 03, 2024
Listing date (Tentative)	Nov 04, 2024	Oct 04, 2024
Anchor Lockin End date 1	Nov 29, 2024	Oct 31, 2024
Anchor Lockin End date 2	Jan 28, 2025	Dec 30, 2024

Financials

Afcons Infrastructure IPO P/E ratio is 35.08, as compared to Diffusion Engineers IPO P/E ratio of 15.28.

Afcons Infrastructure IPO

Diffusion Engineers IPO

Financial

Afcons Infrastructure Limited Financial Information (Restated Consolidated)

Afcons Infrastructure Limited's revenue increased by 6% and profit after tax (PAT) rose by 9% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	17,184.58	16,233.64	14,301.25	12,973.77
Revenue	3,213.47	13,646.88	12,844.09	11,269.55
Profit After Tax	91.59	449.76	410.86	357.61
Net Worth	3,662.25	3,575.05	3,155.06	2,691.03
Reserves and Surplus	3,342.52	3,255.22	2,653.75	2,190.11
Total Borrowing	3,365.1	2,455	1,562.82	1,555.2
Amount in ₹ Crore

Diffusion Engineers Limited Financial Information (Restated Consolidated)

Diffusion Engineers Limited's revenue increased by 10% and profit after tax (PAT) rose by 39% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	275.59	230.34	189.55
Revenue	285.56	258.67	208.75
Profit After Tax	30.8	22.15	17.05
Net Worth	190.7	142	120.65
Reserves and Surplus	163.03	138.39	117.34
Total Borrowing	34.44	48.09	24.6
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

99.48%

93.10%

Promoter Shareholding (Post-Issue)

67.16%

69.70%

P/E Ratio

35.08

15.28

Market Cap

₹17026.18 Cr.

₹628.76 Cr.

ROE

10.55%%

18.52%%

ROCE

14.89%%

20.63%%

Debt/Equity

0.91

0.18

EPS

₹13.20

₹10.99

RoNW

2.50%%

18.52%%

Shares Offered

In the Afcons Infrastructure IPO retail investors (RII) are offered 4,08,58,531 shares while in Diffusion Engineers IPO retail investors are offered 4,08,58,531 shares. Qualified institutional buyers (QIB) are offered 2,33,47,732 shares in Afcons Infrastructure IPO and 18,71,000 shares in Diffusion Engineers IPO.

	Afcons Infrastructure IPO	Diffusion Engineers IPO
Anchor Investor Reserveration	3,50,21,597 shares	28,06,500 shares
Market Maker Reserveration
QIB	2,33,47,732 shares	18,71,000 shares
NII	1,75,10,799 shares	14,03,250 shares
RII	4,08,58,531 shares	32,74,250 shares
Employee	5,96,659 shares	50,000 shares
Others
Total	8,23,13,721 shares	65,98,500 shares

Bids Received (Subscription)

Afcons Infrastructure IPO subscribed 2.77x in total, whereas Diffusion Engineers IPO subscribed 114.50x.

	Afcons Infrastructure IPO	Diffusion Engineers IPO
QIB (times)	3.99x	95.74x
NII (times)	5.31x	207.60x
Big NII (times)	6.63x	203.34x
Small NII (times)	2.67x	216.13x
RII (times)	0.99x	85.61x
Employee (times)	1.77x	95.05x
Other (times)
Total (times)	2.77x	114.50x

Compare with others

Afcons Infrastructure IPO	Diffusion Engineers IPO
Swiggy IPO	Deepak Builders & Engineers IPO
Godavari Biorefineries IPO	Waaree Energies IPO
Deepak Builders & Engineers IPO	Garuda Construction and Engineering IPO
Waaree Energies IPO	Afcons Infrastructure IPO
Garuda Construction and Engineering IPO	Hyundai Motor IPO
Hyundai Motor IPO	Manba Finance IPO
Diffusion Engineers IPO	KRN Heat Exchanger IPO
Manba Finance IPO	Northern Arc Capital IPO
KRN Heat Exchanger IPO	Arkade Developers IPO
Northern Arc Capital IPO	Western Carriers (India) IPO

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