DEE Piping Systems IPO vs Go Digit IPO

Comparision between DEE Piping Systems IPO and Go Digit IPO.

IPO Details

DEE Piping Systems IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Go Digit IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	DEE Piping Systems IPO	Go Digit 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	SBI Capital Markets Limited Equirus Capital Private Limited	ICICI Securities Limited Morgan Stanley India Company Pvt Ltd Axis Capital Limited Hdfc Bank Limited Iifl Securities Ltd Nuvama Wealth Management 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 DEE Piping Systems IPO is up to ₹418.01 Cr whereas the issue size of the Go Digit IPO is up to ₹2,614.65 Cr. The final issue price of DEE Piping Systems IPO is ₹203.00 per share and of Go Digit IPO is ₹272.00 per share.

	DEE Piping Systems IPO	Go Digit IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹193.00 per share	₹258.00 per share
Issue Price (Upper)	₹203.00 per share	₹272.00 per share
Issue Price (Final)	₹203.00 per share	₹272.00 per share
Discount (Retail)
Discount (Employee)	₹19.00 per share
Market Lot Size	73 shares	55 shares
Fresh Issue Size	1,60,09,852 shares	4,13,60,294 shares
Fresh Issue Size (Amount)	up to ₹325.00 Cr	up to ₹1,125.00 Cr
OFS Issue Size	45,82,000 shares	5,47,66,392 shares
OFS Issue Size (Amount)	up to ₹93.01 Cr	up to ₹1,489.65 Cr
Issue Size Total	2,05,91,852 shares	9,61,26,686 shares
Issue Size Total (Amount)	up to ₹418.01 Cr	up to ₹2,614.65 Cr

IPO Timetable

DEE Piping Systems IPO opens on Jun 19, 2024, while Go Digit IPO opens on May 15, 2024. The closing date of DEE Piping Systems IPO and Go Digit IPO is Jun 21, 2024, and May 17, 2024, respectively.

	DEE Piping Systems IPO	Go Digit IPO
Anchor Bid Date	Jun 18, 2024	May 14, 2024
Issue Open	Jun 19, 2024	May 15, 2024
Issue Close	Jun 21, 2024	May 17, 2024
Basis Of Allotment (Tentative)	Jun 24, 2024	May 21, 2024
Initiation of Refunds (Tentative)	Jun 25, 2024	May 22, 2024
Credit of Share (Tentative)	Jun 25, 2024	May 22, 2024
Listing date (Tentative)	Jun 26, 2024	May 23, 2024
Anchor Lockin End date 1	Jul 24, 2024	Jun 20, 2024
Anchor Lockin End date 2	Sep 22, 2024	Aug 19, 2024

Financials

DEE Piping Systems IPO P/E ratio is 83, as compared to Go Digit IPO P/E ratio of 670.31.

DEE Piping Systems IPO

Go Digit IPO

Financial

DEE Development Engineers Limited Financial Information (Restated Consolidated)

DEE Development Engineers Limited's revenue increased by 30.47% and profit after tax (PAT) rose by 58.25% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,171.01	966.26	845.40	835.88
Revenue	557.86	614.32	470.84	513.03
Profit After Tax	14.34	12.97	8.20	14.21
Net Worth	428.19	413.70	401.37	448.50
Reserves and Surplus	380.23	408.17	395.85	432.81
Total Borrowing	407.14	352.62	285.36	257.17
Amount in ₹ Crore

Go Digit General Insurance Limited Financial Information (Restated)

Go Digit General Insurance Limited's revenue increased by 113.35% and profit after tax (PAT) rose by 112.01% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	3,619.95	3,346.75	2,919.01	1,874.80
Revenue	130.83	39.19	-293.64	-118.55
Profit After Tax	129.02	35.54	-295.85	-122.76
Net Worth	2,459.34	2,325.47	1,866.87	1,134.57
Reserves and Surplus	2,391.97	2,383.61	1,975.07	973.14
Total Borrowing	200.00
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

83.31%

Promoter Shareholding (Post-Issue)

P/E Ratio

670.31

Market Cap

₹1401.69 Cr.

₹24947.90 Cr.

ROE

ROCE

3.91%%

Debt/Equity

0.85

EPS

₹2.45

₹0.41

RoNW

3.35%%

5.25%%

Shares Offered

In the DEE Piping Systems IPO retail investors (RII) are offered 71,89,907 shares while in Go Digit IPO retail investors are offered 71,89,907 shares. Qualified institutional buyers (QIB) are offered 41,08,518 shares in DEE Piping Systems IPO and 2,88,38,007 shares in Go Digit IPO.

	DEE Piping Systems IPO	Go Digit IPO
Anchor Investor Reserveration	61,62,777 shares	4,32,57,009 shares
Market Maker Reserveration
QIB	41,08,518 shares	2,88,38,007 shares
NII	30,81,389 shares	1,44,19,002 shares
RII	71,89,907 shares	96,12,668 shares
Employee	0 shares	0 shares
Others
Total	1,43,79,814 shares	5,28,69,677 shares

Bids Received (Subscription)

DEE Piping Systems IPO subscribed 103.03x in total, whereas Go Digit IPO subscribed 9.60x.

	DEE Piping Systems IPO	Go Digit IPO
QIB (times)	206.54x	12.56x
NII (times)	149.38x	7.24x
Big NII (times)	165.71x	8.28x
Small NII (times)	116.73x	5.15x
RII (times)	23.66x	4.27x
Employee (times)
Other (times)
Total (times)	103.03x	9.60x

Compare with others

DEE Piping Systems IPO	Go Digit IPO
Emcure Pharma IPO	Stanley Lifestyles IPO
OLA Electric IPO	DEE Piping Systems IPO
Vraj Iron and Steel IPO	ixigo IPO
Aasaan Loans IPO	Kronox Lab Sciences IPO
Stanley Lifestyles IPO	Awfis Space Solutions IPO
ixigo IPO	Aadhar Housing Finance IPO
Kronox Lab Sciences IPO	TBO Tek IPO
Awfis Space Solutions IPO	Indegene IPO
Go Digit IPO	JNK India IPO
Aadhar Housing Finance IPO	VI FPO

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