Afcons Infrastructure IPO vs Swiggy IPO

Comparision between Afcons Infrastructure IPO and Swiggy IPO.

IPO Details

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

	Afcons Infrastructure IPO	Swiggy 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	Kotak Mahindra Capital Company Limited Citigroup Global Markets India Private Limited Jefferies India Private Limited Avendus Capital Pvt Ltd J.P. Morgan India Private Limited Bofa Securities India Limited ICICI Securities 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 Swiggy IPO is up to ₹11,327.43 Cr. The final issue price of Afcons Infrastructure IPO is ₹463.00 per share and of Swiggy IPO is ₹390.00 per share.

	Afcons Infrastructure IPO	Swiggy IPO
Face Value	₹10 per share	₹1 per share
Issue Price (Lower)	₹440.00 per share	₹371.00 per share
Issue Price (Upper)	₹463.00 per share	₹390.00 per share
Issue Price (Final)	₹463.00 per share	₹390.00 per share
Discount (Retail)
Discount (Employee)	₹44.00 per share	₹25.00 per share
Market Lot Size	32 shares	38 shares
Fresh Issue Size	2,69,97,840 shares	11,53,58,974 shares
Fresh Issue Size (Amount)	up to ₹1,250.00 Cr	up to ₹4,499.00 Cr
OFS Issue Size	9,02,80,778 shares	17,50,87,863 shares
OFS Issue Size (Amount)	up to ₹4,180.00 Cr	up to ₹6,828.43 Cr
Issue Size Total	11,72,78,618 shares	29,04,46,837 shares
Issue Size Total (Amount)	up to ₹5,430.00 Cr	up to ₹11,327.43 Cr

IPO Timetable

Afcons Infrastructure IPO opens on Oct 25, 2024, while Swiggy IPO opens on Nov 06, 2024. The closing date of Afcons Infrastructure IPO and Swiggy IPO is Oct 29, 2024, and Nov 08, 2024, respectively.

	Afcons Infrastructure IPO	Swiggy IPO
Anchor Bid Date	Oct 24, 2024	Nov 05, 2024
Issue Open	Oct 25, 2024	Nov 06, 2024
Issue Close	Oct 29, 2024	Nov 08, 2024
Basis Of Allotment (Tentative)	Oct 30, 2024	Nov 11, 2024
Initiation of Refunds (Tentative)	Oct 31, 2024	Nov 12, 2024
Credit of Share (Tentative)	Oct 31, 2024	Nov 12, 2024
Listing date (Tentative)	Nov 04, 2024	Nov 13, 2024
Anchor Lockin End date 1	Nov 29, 2024	Dec 10, 2024
Anchor Lockin End date 2	Jan 28, 2025	Feb 08, 2025

Financials

Afcons Infrastructure IPO P/E ratio is 35.08, as compared to Swiggy IPO P/E ratio of -35.23.

Afcons Infrastructure IPO

Swiggy 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

Swiggy Limited Financial Information (Restated Consolidated)

Swiggy Limited's revenue increased by 34% and profit after tax (PAT) rose by 44% 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	10,341.24	10,529.42	11,280.65	14,405.74
Revenue	3,310.11	11,634.35	8,714.45	6,119.78
Profit After Tax	-611.01	-2,350.24	-4,179.31	-3,628.9
Net Worth	7,444.99	7,791.46	9,056.61	12,266.91
Reserves and Surplus	-7,750.85	-7,880.85	-6,510.34	-3,311.1
Total Borrowing	256.61	211.19
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

99.48%

63.56%

Promoter Shareholding (Post-Issue)

67.16%

52.97%

P/E Ratio

35.08

-35.23

Market Cap

₹17026.18 Cr.

₹87298.60 Cr.

ROE

10.55%%

ROCE

14.89%%

Debt/Equity

0.91

EPS

₹13.20

₹-11.07

RoNW

2.50%%

-8.21%%

Shares Offered

In the Afcons Infrastructure IPO retail investors (RII) are offered 4,08,58,531 shares while in Swiggy 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 8,69,23,475 shares in Swiggy IPO.

	Afcons Infrastructure IPO	Swiggy IPO
Anchor Investor Reserveration	3,50,21,597 shares	13,03,85,211 shares
Market Maker Reserveration
QIB	2,33,47,732 shares	8,69,23,475 shares
NII	1,75,10,799 shares	4,34,61,737 shares
RII	4,08,58,531 shares	2,89,74,491 shares
Employee	5,96,659 shares	7,50,000 shares
Others
Total	8,23,13,721 shares	16,01,09,703 shares

Bids Received (Subscription)

Afcons Infrastructure IPO subscribed 2.77x in total, whereas Swiggy IPO subscribed 3.59x.

	Afcons Infrastructure IPO	Swiggy IPO
QIB (times)	3.99x	6.02x
NII (times)	5.31x	0.41x
Big NII (times)	6.63x	0.37x
Small NII (times)	2.67x	0.50x
RII (times)	0.99x	1.14x
Employee (times)	1.77x	1.65x
Other (times)
Total (times)	2.77x	3.59x

Compare with others

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

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