Afcons Infrastructure IPO vs Godavari Biorefineries IPO

Comparision between Afcons Infrastructure IPO and Godavari Biorefineries IPO.

IPO Details

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

	Afcons Infrastructure IPO	Godavari Biorefineries 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	Equirus Capital Private Limited SBI Capital Markets Limited
Registrar	Link Intime India Private Ltd	Link Intime India Private 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 Godavari Biorefineries IPO is up to ₹554.75 Cr. The final issue price of Afcons Infrastructure IPO is ₹463.00 per share and of Godavari Biorefineries IPO is ₹352.00 per share.

	Afcons Infrastructure IPO	Godavari Biorefineries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹440.00 per share	₹334.00 per share
Issue Price (Upper)	₹463.00 per share	₹352.00 per share
Issue Price (Final)	₹463.00 per share	₹352.00 per share
Discount (Retail)
Discount (Employee)	₹44.00 per share
Market Lot Size	32 shares	42 shares
Fresh Issue Size	2,69,97,840 shares	92,32,955 shares
Fresh Issue Size (Amount)	up to ₹1,250.00 Cr	up to ₹325.00 Cr
OFS Issue Size	9,02,80,778 shares	65,26,983 shares
OFS Issue Size (Amount)	up to ₹4,180.00 Cr	up to ₹229.75 Cr
Issue Size Total	11,72,78,618 shares	1,57,59,938 shares
Issue Size Total (Amount)	up to ₹5,430.00 Cr	up to ₹554.75 Cr

IPO Timetable

Afcons Infrastructure IPO opens on Oct 25, 2024, while Godavari Biorefineries IPO opens on Oct 23, 2024. The closing date of Afcons Infrastructure IPO and Godavari Biorefineries IPO is Oct 29, 2024, and Oct 25, 2024, respectively.

	Afcons Infrastructure IPO	Godavari Biorefineries IPO
Anchor Bid Date	Oct 24, 2024	Oct 22, 2024
Issue Open	Oct 25, 2024	Oct 23, 2024
Issue Close	Oct 29, 2024	Oct 25, 2024
Basis Of Allotment (Tentative)	Oct 30, 2024	Oct 28, 2024
Initiation of Refunds (Tentative)	Oct 31, 2024	Oct 29, 2024
Credit of Share (Tentative)	Oct 31, 2024	Oct 29, 2024
Listing date (Tentative)	Nov 04, 2024	Oct 30, 2024
Anchor Lockin End date 1	Nov 29, 2024	Nov 26, 2024
Anchor Lockin End date 2	Jan 28, 2025	Jan 25, 2025

Financials

Afcons Infrastructure IPO P/E ratio is 35.08, as compared to Godavari Biorefineries IPO P/E ratio of 120.04.

Afcons Infrastructure IPO

Godavari Biorefineries 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

Godavari Biorefineries Limited Financial Information (Restated Consolidated)

Godavari Biorefineries Limited's revenue decreased by -15.92% and profit after tax (PAT) dropped by -37.37% 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	1,554.62	1,991.66	1,743.52	1,733.54
Revenue	525.27	1,701.06	2,023.08	1,709.98
Profit After Tax	-26.11	12.30	19.64	19.10
Net Worth	233.84	260.25	249.01	232.57
Reserves and Surplus	432.34	458.74	447.51	431.06
Total Borrowing	703.75	663.27	738.01	636.72
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

99.48%

81.06%

Promoter Shareholding (Post-Issue)

67.16%

63.31%

P/E Ratio

35.08

120.04

Market Cap

₹17026.18 Cr.

₹1801.39 Cr.

ROE

10.55%%

-11.16%%

ROCE

14.89%%

-2.35%%

Debt/Equity

0.91

3.01

EPS

₹13.20

₹2.93

RoNW

2.50%%

-11.16%%

Shares Offered

In the Afcons Infrastructure IPO retail investors (RII) are offered 4,08,58,531 shares while in Godavari Biorefineries 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 31,51,989 shares in Godavari Biorefineries IPO.

	Afcons Infrastructure IPO	Godavari Biorefineries IPO
Anchor Investor Reserveration	3,50,21,597 shares	47,27,980 shares
Market Maker Reserveration
QIB	2,33,47,732 shares	31,51,989 shares
NII	1,75,10,799 shares	23,63,991 shares
RII	4,08,58,531 shares	55,15,978 shares
Employee	5,96,659 shares	0 shares
Others
Total	8,23,13,721 shares	1,10,31,958 shares

Bids Received (Subscription)

Afcons Infrastructure IPO subscribed 2.77x in total, whereas Godavari Biorefineries IPO subscribed 1.87x.

	Afcons Infrastructure IPO	Godavari Biorefineries IPO
QIB (times)	3.99x	2.76x
NII (times)	5.31x	0.93x
Big NII (times)	6.63x	0.56x
Small NII (times)	2.67x	1.68x
RII (times)	0.99x	1.76x
Employee (times)	1.77x
Other (times)
Total (times)	2.77x	1.87x

Compare with others

Afcons Infrastructure IPO	Godavari Biorefineries IPO
Swiggy IPO	NTPC Green Energy IPO
Godavari Biorefineries IPO	Niva Bupa Health Insurance IPO
Deepak Builders & Engineers IPO	Sagility India IPO
Waaree Energies IPO	ACME Solar Holdings IPO
Garuda Construction and Engineering IPO	Swiggy IPO
Hyundai Motor IPO	Deepak Builders & Engineers IPO
Diffusion Engineers IPO	Waaree Energies IPO
Manba Finance IPO	Garuda Construction and Engineering IPO
KRN Heat Exchanger IPO	Afcons Infrastructure IPO
Northern Arc Capital IPO	Hyundai Motor IPO

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