Apeejay Surrendra Park IPO vs Platinum Industries IPO

Comparision between Apeejay Surrendra Park IPO and Platinum Industries IPO.

IPO Details

Apeejay Surrendra Park IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Platinum Industries IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Apeejay Surrendra Park IPO	Platinum Industries 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	Jm Financial Limited ICICI Securities Limited Axis Capital 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 Apeejay Surrendra Park IPO is up to ₹920.00 Cr whereas the issue size of the Platinum Industries IPO is up to ₹235.32 Cr. The final issue price of Apeejay Surrendra Park IPO is ₹155.00 per share and of Platinum Industries IPO is ₹171.00 per share.

	Apeejay Surrendra Park IPO	Platinum Industries IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)	₹147.00 per share	₹162.00 per share
Issue Price (Upper)	₹155.00 per share	₹171.00 per share
Issue Price (Final)	₹155.00 per share	₹171.00 per share
Discount (Retail)
Discount (Employee)	₹7.00 per share
Market Lot Size	96 shares	87 shares
Fresh Issue Size	3,87,09,677 shares	1,37,61,225 shares
Fresh Issue Size (Amount)	up to ₹600.00 Cr	up to ₹235.32 Cr
OFS Issue Size	2,06,45,161 shares
OFS Issue Size (Amount)	up to ₹320.00 Cr
Issue Size Total	5,93,54,838 shares	1,37,61,225 shares
Issue Size Total (Amount)	up to ₹920.00 Cr	up to ₹235.32 Cr

IPO Timetable

Apeejay Surrendra Park IPO opens on Feb 05, 2024, while Platinum Industries IPO opens on Feb 27, 2024. The closing date of Apeejay Surrendra Park IPO and Platinum Industries IPO is Feb 07, 2024, and Feb 29, 2024, respectively.

	Apeejay Surrendra Park IPO	Platinum Industries IPO
Anchor Bid Date	Feb 02, 2024	Feb 26, 2024
Issue Open	Feb 05, 2024	Feb 27, 2024
Issue Close	Feb 07, 2024	Feb 29, 2024
Basis Of Allotment (Tentative)	Feb 08, 2024	Mar 01, 2024
Initiation of Refunds (Tentative)	Feb 09, 2024	Mar 04, 2024
Credit of Share (Tentative)	Feb 09, 2024	Mar 04, 2024
Listing date (Tentative)	Feb 12, 2024	Mar 05, 2024
Anchor Lockin End date 1	Mar 09, 2024	Mar 31, 2024
Anchor Lockin End date 2	May 08, 2024	May 30, 2024

Financials

Apeejay Surrendra Park IPO P/E ratio is 56.33, as compared to Platinum Industries IPO P/E ratio of 18.73.

Apeejay Surrendra Park IPO

Platinum Industries IPO

Financial

Apeejay Surrendra Park Hotels Limited Financial Information (Restated Consolidated)

Apeejay Surrendra Park Hotels Limited's revenue increased by 95.81% and profit after tax (PAT) rose by 270.42% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,382.51	1,361.79	1,275.18	1,280.34
Revenue	272.31	524.43	267.83	190.29
Profit After Tax	22.95	48.06	-28.20	-75.88
Net Worth	578.71	555.68	508.51	536.28
Reserves and Surplus	561.24	538.22	491.05	518.81
Total Borrowing	597.09	566.88	622.68	593.44
Amount in ₹ Crore

Platinum Industries Limited Financial Information (Restated Consolidated)

Platinum Industries Limited's revenue increased by 22.89% and profit after tax (PAT) rose by 111.76% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	137.72	121.17	84.48	32.26
Revenue	123.73	232.56	189.24	89.53
Profit After Tax	22.84	37.58	17.75	4.82
Net Worth	85.04	61.88	22.34	4.47
Reserves and Surplus	44.86	21.80	21.28	3.53
Total Borrowing	11.46	17.43	24.24	3.26
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

94.18%

94.74%

Promoter Shareholding (Post-Issue)

68.13%

P/E Ratio

56.33

18.73

Market Cap

₹3307.26 Cr.

₹939.22 Cr.

ROE

90.02%%

ROCE

56.85%%

Debt/Equity

0.99

0.28

EPS

₹2.75

₹9.13

RoNW

9.03%%

61.26%%

Shares Offered

In the Apeejay Surrendra Park IPO retail investors (RII) are offered 58,70,968 shares while in Platinum Industries IPO retail investors are offered 58,70,968 shares. Qualified institutional buyers (QIB) are offered 1,76,12,903 shares in Apeejay Surrendra Park IPO and 27,52,375 shares in Platinum Industries IPO.

	Apeejay Surrendra Park IPO	Platinum Industries IPO
Anchor Investor Reserveration	2,64,19,354 shares	41,28,237 shares
Market Maker Reserveration
QIB	1,76,12,903 shares	27,52,375 shares
NII	88,06,452 shares	20,64,184 shares
RII	58,70,968 shares	48,16,429 shares
Employee	6,75,675 shares	0 shares
Others
Total	3,29,65,998 shares	96,32,988 shares

Bids Received (Subscription)

Apeejay Surrendra Park IPO subscribed 62.91x in total, whereas Platinum Industries IPO subscribed 98.99x.

	Apeejay Surrendra Park IPO	Platinum Industries IPO
QIB (times)	79.23x	151.00x
NII (times)	55.26x	141.79x
Big NII (times)	61.55x	138.46x
Small NII (times)	42.68x	148.46x
RII (times)	32.00x	50.92x
Employee (times)	5.73x
Other (times)
Total (times)	62.91x	98.99x

Compare with others

Apeejay Surrendra Park IPO	Platinum Industries IPO
Entero Healthcare Solutions IPO	Vibhor Steel Tubes IPO
Exicom Tele-Systems IPO	Entero Healthcare Solutions IPO
Capital SFB IPO	Exicom Tele-Systems IPO
Jana SFB IPO	Capital SFB IPO
Platinum Industries IPO	Jana SFB IPO
Rashi Peripherals IPO	Apeejay Surrendra Park IPO
BLS E-Services IPO	Rashi Peripherals IPO
R K SWAMY IPO	BLS E-Services IPO
EPACK Durable IPO	R K SWAMY IPO
Nova AgriTech IPO	EPACK Durable IPO

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