Garuda Construction and Engineering IPO vs Godavari Biorefineries IPO

Comparision between Garuda Construction and Engineering IPO and Godavari Biorefineries IPO.

IPO Details

Garuda Construction and Engineering IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Godavari Biorefineries IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Garuda Construction and Engineering IPO	Godavari Biorefineries 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	Corpwis Advisors Private Limited	Equirus Capital Private Limited SBI Capital Markets 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 Garuda Construction and Engineering IPO is up to ₹264.10 Cr whereas the issue size of the Godavari Biorefineries IPO is up to ₹554.75 Cr. The final issue price of Garuda Construction and Engineering IPO is ₹95.00 per share and of Godavari Biorefineries IPO is ₹352.00 per share.

	Garuda Construction and Engineering IPO	Godavari Biorefineries IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹90.00 per share	₹334.00 per share
Issue Price (Upper)	₹95.00 per share	₹352.00 per share
Issue Price (Final)	₹95.00 per share	₹352.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	157 shares	42 shares
Fresh Issue Size	1,83,00,000 shares	92,32,955 shares
Fresh Issue Size (Amount)	up to ₹173.85 Cr	up to ₹325.00 Cr
OFS Issue Size	95,00,000 shares	65,26,983 shares
OFS Issue Size (Amount)	up to ₹90.25 Cr	up to ₹229.75 Cr
Issue Size Total	2,78,00,000 shares	1,57,59,938 shares
Issue Size Total (Amount)	up to ₹264.10 Cr	up to ₹554.75 Cr

IPO Timetable

Garuda Construction and Engineering IPO opens on Oct 08, 2024, while Godavari Biorefineries IPO opens on Oct 23, 2024. The closing date of Garuda Construction and Engineering IPO and Godavari Biorefineries IPO is Oct 10, 2024, and Oct 25, 2024, respectively.

	Garuda Construction and Engineering IPO	Godavari Biorefineries IPO
Anchor Bid Date	Oct 07, 2024	Oct 22, 2024
Issue Open	Oct 08, 2024	Oct 23, 2024
Issue Close	Oct 10, 2024	Oct 25, 2024
Basis Of Allotment (Tentative)	Oct 11, 2024	Oct 28, 2024
Initiation of Refunds (Tentative)	Oct 14, 2024	Oct 29, 2024
Credit of Share (Tentative)	Oct 14, 2024	Oct 29, 2024
Listing date (Tentative)	Oct 15, 2024	Oct 30, 2024
Anchor Lockin End date 1	Nov 10, 2024	Nov 26, 2024
Anchor Lockin End date 2	Jan 09, 2025	Jan 25, 2025

Financials

Garuda Construction and Engineering IPO P/E ratio is 19.49, as compared to Godavari Biorefineries IPO P/E ratio of 120.04.

Garuda Construction and Engineering IPO

Godavari Biorefineries IPO

Financial

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

Godavari Biorefineries Limited Financial Information (Restated Consolidated)

Godavari Biorefineries Limited's revenue decreased by -15.92% and profit after tax (PAT) dropped by -37.37% 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	1,554.62	1,991.66	1,743.52	1,733.54
Revenue	525.27	1,701.06	2,023.08	1,709.98
Profit After Tax	-26.11	12.30	19.64	19.10
Net Worth	233.84	260.25	249.01	232.57
Reserves and Surplus	432.34	458.74	447.51	431.06
Total Borrowing	703.75	663.27	738.01	636.72
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

96.81%

81.06%

Promoter Shareholding (Post-Issue)

67.56%

63.31%

P/E Ratio

19.49

120.04

Market Cap

₹883.90 Cr.

₹1801.39 Cr.

ROE

36.14%%

-11.16%%

ROCE

46.69%%

-2.35%%

Debt/Equity

3.01

EPS

₹4.87

₹2.93

RoNW

30.62%%

-11.16%%

Shares Offered

In the Garuda Construction and Engineering IPO retail investors (RII) are offered 97,30,000 shares while in Godavari Biorefineries IPO retail investors are offered 97,30,000 shares. Qualified institutional buyers (QIB) are offered 60,04,862 shares in Garuda Construction and Engineering IPO and 31,51,989 shares in Godavari Biorefineries IPO.

	Garuda Construction and Engineering IPO	Godavari Biorefineries IPO
Anchor Investor Reserveration	78,95,138 shares	47,27,980 shares
Market Maker Reserveration
QIB	60,04,862 shares	31,51,989 shares
NII	41,70,000 shares	23,63,991 shares
RII	97,30,000 shares	55,15,978 shares
Employee	0 shares	0 shares
Others
Total	1,99,04,862 shares	1,10,31,958 shares

Bids Received (Subscription)

Garuda Construction and Engineering IPO subscribed 7.55x in total, whereas Godavari Biorefineries IPO subscribed 1.87x.

	Garuda Construction and Engineering IPO	Godavari Biorefineries IPO
QIB (times)	1.24x	2.76x
NII (times)	9.03x	0.93x
Big NII (times)	7.93x	0.56x
Small NII (times)	11.23x	1.68x
RII (times)	10.81x	1.76x
Employee (times)
Other (times)
Total (times)	7.55x	1.87x

Compare with others

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

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