Afcons Infrastructure IPO vs Garuda Construction and Engineering IPO

Comparision between Afcons Infrastructure IPO and Garuda Construction and Engineering IPO.

IPO Details

Afcons Infrastructure IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Garuda Construction and Engineering IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Afcons Infrastructure IPO	Garuda Construction and Engineering 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	Corpwis Advisors Private Limited
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP		RHP
Anchor Investor
IPO Allotment URL

Issue Size and Price

The total issue size of Afcons Infrastructure IPO is up to ₹7,000.00 Cr whereas the issue size of the Garuda Construction and Engineering IPO is up to ₹264.10 Cr. The final issue price of Afcons Infrastructure IPO is and of Garuda Construction and Engineering IPO is .

	Afcons Infrastructure IPO	Garuda Construction and Engineering IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)		₹92.00 per share
Issue Price (Upper)		₹95.00 per share
Issue Price (Final)
Discount (Retail)
Discount (Employee)
Market Lot Size		157 shares
Fresh Issue Size		1,83,00,000 shares
Fresh Issue Size (Amount)	up to ₹1,250.00 Cr	up to ₹173.85 Cr
OFS Issue Size		95,00,000 shares
OFS Issue Size (Amount)	up to ₹5,750.00 Cr	up to ₹90.25 Cr
Issue Size Total		2,78,00,000 shares
Issue Size Total (Amount)	up to ₹7,000.00 Cr	up to ₹264.10 Cr

IPO Timetable

Afcons Infrastructure IPO opens on , while Garuda Construction and Engineering IPO opens on Oct 08, 2024. The closing date of Afcons Infrastructure IPO and Garuda Construction and Engineering IPO is , and Oct 10, 2024, respectively.

	Afcons Infrastructure IPO	Garuda Construction and Engineering IPO
Anchor Bid Date		Oct 07, 2024
Issue Open		Oct 08, 2024
Issue Close		Oct 10, 2024
Basis Of Allotment (Tentative)		Oct 11, 2024
Initiation of Refunds (Tentative)		Oct 14, 2024
Credit of Share (Tentative)		Oct 14, 2024
Listing date (Tentative)		Oct 15, 2024
Anchor Lockin End date 1		Nov 10, 2024
Anchor Lockin End date 2		Jan 09, 2025

Financials

Afcons Infrastructure IPO P/E ratio is , as compared to Garuda Construction and Engineering IPO P/E ratio of 19.49.

Afcons Infrastructure IPO

Garuda Construction and Engineering 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	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	16,233.64	14,301.25	12,973.77	12,489.94
Revenue	13,646.88	12,844.09	11,269.55	9,521.12
Profit After Tax	449.76	410.86	357.61	169.91
Net Worth		3,155.06	2,691.03	2,369.47
Reserves and Surplus	2,718.55	2,132.55
Total Borrowing		1,562.82	1,555.2	1,588.59
Amount in ₹ Crore

Garuda Construction and Engineering Limited Financial Information (Restated)

Garuda Construction and Engineering Limited's revenue decreased by -4% and profit after tax (PAT) dropped by -11% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Apr 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	234.84	228.49	176.35	111.03
Revenue	11.88	154.47	161.02	77.03
Profit After Tax	3.5	36.44	40.8	18.78
Net Worth	122.51	119.01	82.61	41.79
Reserves and Surplus	85.16	81.65	70.13	29.34
Total Borrowing	0.15	0.15	0.19	11.99
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

99.48%

96.81%

Promoter Shareholding (Post-Issue)

P/E Ratio

19.49

Market Cap

₹883.90 Cr.

ROE

36.14%%

ROCE

46.69%%

Debt/Equity

EPS

₹4.87

RoNW

30.62%%

Shares Offered

In the Afcons Infrastructure IPO retail investors (RII) are offered while in Garuda Construction and Engineering IPO retail investors are offered . Qualified institutional buyers (QIB) are offered in Afcons Infrastructure IPO and in Garuda Construction and Engineering IPO.

	Afcons Infrastructure IPO	Garuda Construction and Engineering IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB
NII
RII
Employee
Others
Total

Bids Received (Subscription)

Afcons Infrastructure IPO subscribed in total, whereas Garuda Construction and Engineering IPO subscribed .

	Afcons Infrastructure IPO	Garuda Construction and Engineering IPO
QIB (times)
NII (times)
Big NII (times)
Small NII (times)
RII (times)
Employee (times)
Other (times)
Total (times)

Compare with others

Afcons Infrastructure IPO	Garuda Construction and Engineering IPO
Garuda Construction and Engineering IPO	Afcons Infrastructure IPO
Hyundai Motor IPO	Hyundai Motor IPO
Diffusion Engineers IPO	Diffusion Engineers IPO
Manba Finance IPO	Manba Finance IPO
KRN Heat Exchanger IPO	KRN Heat Exchanger IPO
Northern Arc Capital IPO

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