GConnect Logitech IPO vs K2 Infragen IPO

Comparision between GConnect Logitech IPO and K2 Infragen IPO.

IPO Details

GConnect Logitech IPO is a SME Book Built Issue IPO proposed to list at BSE SME while K2 Infragen IPO is a SME Book Built Issue proposed to list at NSE SME.

	GConnect Logitech IPO	K2 Infragen IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Fedex Securities�Pvt Ltd	Expert Global Consultants Private Limited
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
Market Maker	Aftertrade Broking Pvt Ltd	Rikhav Securities Limited
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 GConnect Logitech IPO is up to ₹5.60 Cr whereas the issue size of the K2 Infragen IPO is up to ₹40.54 Cr. The final issue price of GConnect Logitech IPO is ₹40.00 per share and of K2 Infragen IPO is ₹119.00 per share.

	GConnect Logitech IPO	K2 Infragen IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹111.00 per share
Issue Price (Upper)		₹119.00 per share
Issue Price (Final)	₹40.00 per share	₹119.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1200 shares
Fresh Issue Size	14,01,000 shares	34,06,800 shares
Fresh Issue Size (Amount)	up to ₹5.60 Cr	up to ₹40.54 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	14,01,000 shares	34,06,800 shares
Issue Size Total (Amount)	up to ₹5.60 Cr	up to ₹40.54 Cr

IPO Timetable

GConnect Logitech IPO opens on Mar 26, 2024, while K2 Infragen IPO opens on Mar 28, 2024. The closing date of GConnect Logitech IPO and K2 Infragen IPO is Mar 28, 2024, and Apr 03, 2024, respectively.

	GConnect Logitech IPO	K2 Infragen IPO
Anchor Bid Date		Mar 27, 2024
Issue Open	Mar 26, 2024	Mar 28, 2024
Issue Close	Mar 28, 2024	Apr 03, 2024
Basis Of Allotment (Tentative)	Apr 01, 2024	Apr 04, 2024
Initiation of Refunds (Tentative)	Apr 02, 2024	Apr 05, 2024
Credit of Share (Tentative)	Apr 02, 2024	Apr 05, 2024
Listing date (Tentative)	Apr 03, 2024	Apr 08, 2024
Anchor Lockin End date 1		May 04, 2024
Anchor Lockin End date 2		Jul 03, 2024

Financials

GConnect Logitech IPO P/E ratio is 1.5, as compared to K2 Infragen IPO P/E ratio of 9.68.

GConnect Logitech IPO

K2 Infragen IPO

Financial

GConnect Logitech and Supply Chain Limited Financial Information (Restated)

Period Ended	30 Sep 2023	31 Mar 2023
Assets	423.25	82.46
Revenue	212.57	101.03
Profit After Tax	22.83	10.86
Net Worth	398.15	77.51
Reserves and Surplus	166.29	60.10
Amount in ₹ Lakhs

K2 Infragen Limited Financial Information (Restated Consolidated)

K2 Infragen Limited's revenue increased by 103.25% and profit after tax (PAT) rose by 463.79% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	6,378.79	5,690.40	2,591.14	2,220.52
Revenue	5,967.98	7,490.08	3,685.20	3,568.05
Profit After Tax	607.45	1,132.32	-311.26	22.49
Net Worth	2,535.32	1,392.45	133.84	115.49
Reserves and Surplus	1,611.24	1,165.10	-96.26	-46.56
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

76.76%

55.29%

Promoter Shareholding (Post-Issue)

47.85%

40.36%

P/E Ratio

1.5

9.68

Market Cap

₹14.88 Cr.

₹150.16 Cr.

ROE

5.73%%

23.96%%

ROCE

7.67%%

19.91%%

Debt/Equity

0.87

EPS

₹26.64

₹12.29

RoNW

5.73%%

23.9%%

Shares Offered

In the GConnect Logitech IPO retail investors (RII) are offered 6,63,000 shares while in K2 Infragen IPO retail investors are offered 6,63,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in GConnect Logitech IPO and 6,31,200 shares in K2 Infragen IPO.

	GConnect Logitech IPO	K2 Infragen IPO
Anchor Investor Reserveration		9,46,800 shares
Market Maker Reserveration	75,000 shares	2,49,600 shares
QIB	0 shares	6,31,200 shares
NII	6,63,000 shares	4,74,000 shares
RII	6,63,000 shares	11,05,200 shares
Employee	0 shares	0 shares
Others
Total	13,26,000 shares	22,10,400 shares

Bids Received (Subscription)

GConnect Logitech IPO subscribed 57.38x in total, whereas K2 Infragen IPO subscribed 51.47x.

	GConnect Logitech IPO	K2 Infragen IPO
QIB (times)		23.37x
NII (times)	42.90x	113.98x
Big NII (times)
Small NII (times)
RII (times)	71.74x	40.70x
Employee (times)
Other (times)
Total (times)	57.38x	51.47x

Compare with others

GConnect Logitech IPO	K2 Infragen IPO
Creative Graphics Solutions India IPO	Finelistings Technologies IPO
K2 Infragen IPO	Ramdevbaba Solvent IPO
Aluwind Architectural IPO	Teerth Gopicon IPO
Jay Kailash Namkeen IPO	DCG Cables & Wires IPO
Yash Optics & Lens IPO	Creative Graphics Solutions India IPO
TAC Infosec IPO	Aluwind Architectural IPO
Radiowalla IPO	Jay Kailash Namkeen IPO
Aspire & Innovative IPO	Yash Optics & Lens IPO
Blue Pebble IPO	GConnect Logitech IPO
Vruddhi Engineering Works IPO	TAC Infosec IPO

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