Diffusion Engineers IPO vs Garuda Construction and Engineering IPO

Comparision between Diffusion Engineers IPO and Garuda Construction and Engineering IPO.

IPO Details

Diffusion 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.

	Diffusion 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	Unistone Capital Pvt Ltd	Corpwis Advisors Private Limited
Registrar	Bigshare Services Pvt 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 Diffusion Engineers IPO is up to ₹158.00 Cr whereas the issue size of the Garuda Construction and Engineering IPO is up to ₹264.10 Cr. The final issue price of Diffusion Engineers IPO is ₹168.00 per share and of Garuda Construction and Engineering IPO is ₹95.00 per share.

	Diffusion Engineers IPO	Garuda Construction and Engineering IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹159.00 per share	₹90.00 per share
Issue Price (Upper)	₹168.00 per share	₹95.00 per share
Issue Price (Final)	₹168.00 per share	₹95.00 per share
Discount (Retail)
Discount (Employee)	₹8.00 per share
Market Lot Size	88 shares	157 shares
Fresh Issue Size	94,05,000 shares	1,83,00,000 shares
Fresh Issue Size (Amount)	up to ₹158.00 Cr	up to ₹173.85 Cr
OFS Issue Size		95,00,000 shares
OFS Issue Size (Amount)		up to ₹90.25 Cr
Issue Size Total	94,05,000 shares	2,78,00,000 shares
Issue Size Total (Amount)	up to ₹158.00 Cr	up to ₹264.10 Cr

IPO Timetable

Diffusion Engineers IPO opens on Sep 26, 2024, while Garuda Construction and Engineering IPO opens on Oct 08, 2024. The closing date of Diffusion Engineers IPO and Garuda Construction and Engineering IPO is Sep 30, 2024, and Oct 10, 2024, respectively.

	Diffusion Engineers IPO	Garuda Construction and Engineering IPO
Anchor Bid Date	Sep 25, 2024	Oct 07, 2024
Issue Open	Sep 26, 2024	Oct 08, 2024
Issue Close	Sep 30, 2024	Oct 10, 2024
Basis Of Allotment (Tentative)	Oct 01, 2024	Oct 11, 2024
Initiation of Refunds (Tentative)	Oct 03, 2024	Oct 14, 2024
Credit of Share (Tentative)	Oct 03, 2024	Oct 14, 2024
Listing date (Tentative)	Oct 04, 2024	Oct 15, 2024
Anchor Lockin End date 1	Oct 31, 2024	Nov 10, 2024
Anchor Lockin End date 2	Dec 30, 2024	Jan 09, 2025

Financials

Diffusion Engineers IPO P/E ratio is 15.28, as compared to Garuda Construction and Engineering IPO P/E ratio of 19.49.

Diffusion Engineers IPO

Garuda Construction and Engineering IPO

Financial

Diffusion Engineers Limited Financial Information (Restated Consolidated)

Diffusion Engineers Limited's revenue increased by 10% and profit after tax (PAT) rose by 39% 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	275.59	230.34	189.55
Revenue	285.56	258.67	208.75
Profit After Tax	30.8	22.15	17.05
Net Worth	190.7	142	120.65
Reserves and Surplus	163.03	138.39	117.34
Total Borrowing	34.44	48.09	24.6
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)

93.10%

96.81%

Promoter Shareholding (Post-Issue)

69.70%

67.56%

P/E Ratio

15.28

19.49

Market Cap

₹628.76 Cr.

₹883.90 Cr.

ROE

18.52%%

36.14%%

ROCE

20.63%%

46.69%%

Debt/Equity

0.18

EPS

₹10.99

₹4.87

RoNW

18.52%%

30.62%%

Shares Offered

In the Diffusion Engineers IPO retail investors (RII) are offered 32,74,250 shares while in Garuda Construction and Engineering IPO retail investors are offered 32,74,250 shares. Qualified institutional buyers (QIB) are offered 18,71,000 shares in Diffusion Engineers IPO and 60,04,862 shares in Garuda Construction and Engineering IPO.

	Diffusion Engineers IPO	Garuda Construction and Engineering IPO
Anchor Investor Reserveration	28,06,500 shares	78,95,138 shares
Market Maker Reserveration
QIB	18,71,000 shares	60,04,862 shares
NII	14,03,250 shares	41,70,000 shares
RII	32,74,250 shares	97,30,000 shares
Employee	50,000 shares	0 shares
Others
Total	65,98,500 shares	1,99,04,862 shares

Bids Received (Subscription)

Diffusion Engineers IPO subscribed 114.50x in total, whereas Garuda Construction and Engineering IPO subscribed 7.55x.

	Diffusion Engineers IPO	Garuda Construction and Engineering IPO
QIB (times)	95.74x	1.24x
NII (times)	207.60x	9.03x
Big NII (times)	203.34x	7.93x
Small NII (times)	216.13x	11.23x
RII (times)	85.61x	10.81x
Employee (times)	95.05x
Other (times)
Total (times)	114.50x	7.55x

Compare with others

Diffusion Engineers IPO	Garuda Construction and Engineering IPO
Deepak Builders & Engineers IPO	ACME Solar Holdings IPO
Waaree Energies IPO	Swiggy IPO
Garuda Construction and Engineering IPO	Godavari Biorefineries IPO
Afcons Infrastructure IPO	Deepak Builders & Engineers IPO
Hyundai Motor IPO	Waaree Energies IPO
Manba Finance IPO	Afcons Infrastructure IPO
KRN Heat Exchanger IPO	Hyundai Motor IPO
Northern Arc Capital IPO	Diffusion Engineers IPO
Arkade Developers IPO	Manba Finance IPO
Western Carriers (India) IPO	KRN Heat Exchanger IPO

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