Durlax Top Surface IPO vs Winny Immigration IPO

Comparision between Durlax Top Surface IPO and Winny Immigration IPO.

IPO Details

Durlax Top Surface IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Winny Immigration IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Durlax Top Surface IPO	Winny Immigration IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Expert Global Consultants Private Limited	Interactive Financial Services Ltd
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Globalworth Securities Limited	Aftertrade Broking Pvt Ltd
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Durlax Top Surface IPO is up to ₹40.80 Cr whereas the issue size of the Winny Immigration IPO is up to ₹9.13 Cr. The final issue price of Durlax Top Surface IPO is ₹68.00 per share and of Winny Immigration IPO is ₹140.00 per share.

	Durlax Top Surface IPO	Winny Immigration IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹65.00 per share
Issue Price (Upper)	₹68.00 per share
Issue Price (Final)	₹68.00 per share	₹140.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1000 shares
Fresh Issue Size	42,00,000 shares	6,52,000 shares
Fresh Issue Size (Amount)	up to ₹28.56 Cr	up to ₹9.13 Cr
OFS Issue Size	18,00,000 shares
OFS Issue Size (Amount)	up to ₹12.24 Cr
Issue Size Total	60,00,000 shares	6,52,000 shares
Issue Size Total (Amount)	up to ₹40.80 Cr	up to ₹9.13 Cr

IPO Timetable

Durlax Top Surface IPO opens on Jun 19, 2024, while Winny Immigration IPO opens on Jun 20, 2024. The closing date of Durlax Top Surface IPO and Winny Immigration IPO is Jun 21, 2024, and Jun 24, 2024, respectively.

	Durlax Top Surface IPO	Winny Immigration IPO
Anchor Bid Date	Jun 18, 2024
Issue Open	Jun 19, 2024	Jun 20, 2024
Issue Close	Jun 21, 2024	Jun 24, 2024
Basis Of Allotment (Tentative)	Jun 24, 2024	Jun 25, 2024
Initiation of Refunds (Tentative)	Jun 25, 2024	Jun 26, 2024
Credit of Share (Tentative)	Jun 25, 2024	Jun 26, 2024
Listing date (Tentative)	Jun 26, 2024	Jun 27, 2024
Anchor Lockin End date 1	Jul 24, 2024
Anchor Lockin End date 2	Sep 22, 2024

Financials

Durlax Top Surface IPO P/E ratio is 16.73, as compared to Winny Immigration IPO P/E ratio of 54.12.

Durlax Top Surface IPO

Winny Immigration IPO

Financial

Durlax Top Surface Limited Financial Information (Restated)

Durlax Top Surface Limited's revenue increased by 35.9% and profit after tax (PAT) rose by 141.15% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	10,553.50	7,673.02	7,168.11
Revenue	9,083.93	6,684.20	4,741.81
Profit After Tax	505.07	209.44	48.42
Net Worth	2,184.38	1,671.21	1,292.27
Reserves and Surplus	941.61	431.14	1,277.29
Total Borrowing	6,070.71	3,690.93	3,929.82
Amount in ₹ Lakhs

Winny Immigration and Education Services Ltd Financial Information (Restated)

Winny Immigration and Education Services Ltd's revenue decreased by -8% and profit after tax (PAT) dropped by -72.86% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	542.84	541.93	276.26
Revenue	1,102.12	1,197.91	1,004.07
Profit After Tax	39.27	144.71	127.63
Net Worth	230.72	191.46	46.75
Reserves and Surplus	78.92	188.16	43.45
Total Borrowing	206.84	232.02	127.91
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

95.44%

83.63%

Promoter Shareholding (Post-Issue)

60.35%

58.51%

P/E Ratio

16.73

54.12

Market Cap

₹113.07 Cr.

₹30.38 Cr.

ROE

26.20%%

18.60%%

ROCE

20.20%%

15.74%%

Debt/Equity

2.78

0.9

EPS

₹4.06

₹2.59

RoNW

23.12%%

17.02%%

Shares Offered

In the Durlax Top Surface IPO retail investors (RII) are offered 20,00,000 shares while in Winny Immigration IPO retail investors are offered 20,00,000 shares. Qualified institutional buyers (QIB) are offered 22,52,000 shares in Durlax Top Surface IPO and 0 shares in Winny Immigration IPO.

	Durlax Top Surface IPO	Winny Immigration IPO
Anchor Investor Reserveration	5,92,000 shares
Market Maker Reserveration	3,00,000 shares	34,000 shares
QIB	22,52,000 shares	0 shares
NII	8,56,000 shares	3,09,000 shares
RII	20,00,000 shares	3,09,000 shares
Employee	0 shares	0 shares
Others
Total	51,08,000 shares	6,18,000 shares

Bids Received (Subscription)

Durlax Top Surface IPO subscribed 166.79x in total, whereas Winny Immigration IPO subscribed 154.67x.

	Durlax Top Surface IPO	Winny Immigration IPO
QIB (times)	48.29x
NII (times)	415.06x	109.65x
Big NII (times)
Small NII (times)
RII (times)	193.95x	190.66x
Employee (times)
Other (times)
Total (times)	166.79x	154.67x

Compare with others

Durlax Top Surface IPO	Winny Immigration IPO
The Money Fair IPO	Petro Carbon and Chemicals IPO
Winny Immigration IPO	Sylvan Plyboard IPO
Medicamen Organics IPO	Shivalic Power Control IPO
EnNutrica IPO	Divine Power IPO
Falcon Technoprojects India IPO	The Money Fair IPO
GEM Enviro IPO	Medicamen Organics IPO
GPES Solar IPO	EnNutrica IPO
United Cotfab IPO	Falcon Technoprojects India IPO
3C IT IPO	Durlax Top Surface IPO
Magenta Lifecare IPO	GEM Enviro IPO

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