Deepak Builders & Engineers IPO vs Garuda Construction and Engineering IPO

Comparision between Deepak Builders & Engineers IPO and Garuda Construction and Engineering IPO.

IPO Details

Deepak Builders & Engineers 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.

	Deepak Builders & Engineers 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	Fedex Securities�Pvt Ltd	Corpwis Advisors Private Limited
Registrar	Kfin Technologies Limited	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 Deepak Builders & Engineers IPO is up to ₹260.04 Cr whereas the issue size of the Garuda Construction and Engineering IPO is up to ₹264.10 Cr. The final issue price of Deepak Builders & Engineers IPO is ₹203.00 per share and of Garuda Construction and Engineering IPO is ₹95.00 per share.

	Deepak Builders & Engineers IPO	Garuda Construction and Engineering IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹192.00 per share	₹90.00 per share
Issue Price (Upper)	₹203.00 per share	₹95.00 per share
Issue Price (Final)	₹203.00 per share	₹95.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	73 shares	157 shares
Fresh Issue Size	1,07,00,000 shares	1,83,00,000 shares
Fresh Issue Size (Amount)	up to ₹217.21 Cr	up to ₹173.85 Cr
OFS Issue Size	21,10,000 shares	95,00,000 shares
OFS Issue Size (Amount)	up to ₹42.83 Cr	up to ₹90.25 Cr
Issue Size Total	1,28,10,000 shares	2,78,00,000 shares
Issue Size Total (Amount)	up to ₹260.04 Cr	up to ₹264.10 Cr

IPO Timetable

Deepak Builders & Engineers IPO opens on Oct 21, 2024, while Garuda Construction and Engineering IPO opens on Oct 08, 2024. The closing date of Deepak Builders & Engineers IPO and Garuda Construction and Engineering IPO is Oct 23, 2024, and Oct 10, 2024, respectively.

	Deepak Builders & Engineers IPO	Garuda Construction and Engineering IPO
Anchor Bid Date	Oct 18, 2024	Oct 07, 2024
Issue Open	Oct 21, 2024	Oct 08, 2024
Issue Close	Oct 23, 2024	Oct 10, 2024
Basis Of Allotment (Tentative)	Oct 24, 2024	Oct 11, 2024
Initiation of Refunds (Tentative)	Oct 25, 2024	Oct 14, 2024
Credit of Share (Tentative)	Oct 25, 2024	Oct 14, 2024
Listing date (Tentative)	Oct 28, 2024	Oct 15, 2024
Anchor Lockin End date 1	Nov 22, 2024	Nov 10, 2024
Anchor Lockin End date 2	Jan 21, 2025	Jan 09, 2025

Financials

Deepak Builders & Engineers IPO P/E ratio is 12.06, as compared to Garuda Construction and Engineering IPO P/E ratio of 19.49.

Deepak Builders & Engineers IPO

Garuda Construction and Engineering IPO

Financial

Deepak Builders & Engineers India Limited Financial Information (Restated)

Deepak Builders & Engineers India Limited's revenue increased by 19% and profit after tax (PAT) rose by 182% 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	641.1	558.75	449.3	322.18
Revenue	106.34	516.74	435.46	364.99
Profit After Tax	14.21	60.41	21.4	17.66
Net Worth	155.81	141.25	89.35	70.34
Reserves and Surplus	138.23	124.22	64.66	48.84
Total Borrowing	153.17	153.04	96.57	79.65
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)

100%

96.81%

Promoter Shareholding (Post-Issue)

72.50%

67.56%

P/E Ratio

12.06

19.49

Market Cap

₹945.59 Cr.

₹883.90 Cr.

ROE

8.48%%

36.14%%

ROCE

8.97%%

46.69%%

Debt/Equity

0.91

EPS

₹16.84

₹4.87

RoNW

9.57%%

30.62%%

Shares Offered

In the Deepak Builders & Engineers IPO retail investors (RII) are offered 44,83,500 shares while in Garuda Construction and Engineering IPO retail investors are offered 44,83,500 shares. Qualified institutional buyers (QIB) are offered 25,62,061 shares in Deepak Builders & Engineers IPO and 60,04,862 shares in Garuda Construction and Engineering IPO.

	Deepak Builders & Engineers IPO	Garuda Construction and Engineering IPO
Anchor Investor Reserveration	38,42,939 shares	78,95,138 shares
Market Maker Reserveration
QIB	25,62,061 shares	60,04,862 shares
NII	19,21,500 shares	41,70,000 shares
RII	44,83,500 shares	97,30,000 shares
Employee	0 shares	0 shares
Others
Total	89,67,061 shares	1,99,04,862 shares

Bids Received (Subscription)

Deepak Builders & Engineers IPO subscribed 41.54x in total, whereas Garuda Construction and Engineering IPO subscribed 7.55x.

	Deepak Builders & Engineers IPO	Garuda Construction and Engineering IPO
QIB (times)	13.91x	1.24x
NII (times)	82.47x	9.03x
Big NII (times)	77.86x	7.93x
Small NII (times)	91.69x	11.23x
RII (times)	39.79x	10.81x
Employee (times)
Other (times)
Total (times)	41.54x	7.55x

Compare with others

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

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