Durlax Top Surface IPO vs GEM Enviro IPO

Comparision between Durlax Top Surface IPO and GEM Enviro IPO.

IPO Details

Durlax Top Surface IPO is a SME Book Built Issue IPO proposed to list at NSE SME while GEM Enviro IPO is a SME Book Built Issue proposed to list at BSE SME.

	Durlax Top Surface IPO	GEM Enviro IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	BSE SME
Lead Managers	Expert Global Consultants Private Limited	Share India Capital Services Private Limited Fintellectual Corporate Advisors Private Limited
Registrar	Bigshare Services Pvt Ltd	Skyline Financial Services Private Ltd
Market Maker	Globalworth Securities Limited	Share India Securities Limited
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 Durlax Top Surface IPO is up to ₹40.80 Cr whereas the issue size of the GEM Enviro IPO is up to ₹44.93 Cr. The final issue price of Durlax Top Surface IPO is ₹68.00 per share and of GEM Enviro IPO is ₹75.00 per share.

	Durlax Top Surface IPO	GEM Enviro IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹65.00 per share	₹71.00 per share
Issue Price (Upper)	₹68.00 per share	₹75.00 per share
Issue Price (Final)	₹68.00 per share	₹75.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1600 shares
Fresh Issue Size	42,00,000 shares	14,97,600 shares
Fresh Issue Size (Amount)	up to ₹28.56 Cr	up to ₹11.23 Cr
OFS Issue Size	18,00,000 shares	44,92,800 shares
OFS Issue Size (Amount)	up to ₹12.24 Cr	up to ₹33.70 Cr
Issue Size Total	60,00,000 shares	59,90,400 shares
Issue Size Total (Amount)	up to ₹40.80 Cr	up to ₹44.93 Cr

IPO Timetable

Durlax Top Surface IPO opens on Jun 19, 2024, while GEM Enviro IPO opens on Jun 19, 2024. The closing date of Durlax Top Surface IPO and GEM Enviro IPO is Jun 21, 2024, and Jun 21, 2024, respectively.

	Durlax Top Surface IPO	GEM Enviro IPO
Anchor Bid Date	Jun 18, 2024
Issue Open	Jun 19, 2024	Jun 19, 2024
Issue Close	Jun 21, 2024	Jun 21, 2024
Basis Of Allotment (Tentative)	Jun 24, 2024	Jun 24, 2024
Initiation of Refunds (Tentative)	Jun 25, 2024	Jun 25, 2024
Credit of Share (Tentative)	Jun 25, 2024	Jun 25, 2024
Listing date (Tentative)	Jun 26, 2024	Jun 26, 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 GEM Enviro IPO P/E ratio of 15.76.

Durlax Top Surface IPO

GEM Enviro 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

GEM Enviro Management Limited Financial Information (Restated)

GEM Enviro Management Limited's revenue increased by 30.05% and profit after tax (PAT) rose by 34.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	3,994.75	3,574.93	2,684.52	1,895.51
Revenue	2,639.11	4,280.57	3,291.48	2,560.58
Profit After Tax	840.42	1,001.82	745.23	583.38
Net Worth	3,103.32	2,411.51	1,713.57	1,015.14
Reserves and Surplus	2,050.68	2,380.55	1,677.57	979.14
Total Borrowing			2.00	2.00
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

95.44%

100.00%

Promoter Shareholding (Post-Issue)

60.35%

73.44%

P/E Ratio

16.73

15.76

Market Cap

₹113.07 Cr.

₹169.13 Cr.

ROE

26.20%%

30.48%%

ROCE

20.20%%

36.55%%

Debt/Equity

2.78

EPS

₹4.06

₹4.76

RoNW

23.12%%

30.48%%

Shares Offered

In the Durlax Top Surface IPO retail investors (RII) are offered 20,00,000 shares while in GEM Enviro 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 11,29,600 shares in GEM Enviro IPO.

	Durlax Top Surface IPO	GEM Enviro IPO
Anchor Investor Reserveration	5,92,000 shares	16,92,800 shares
Market Maker Reserveration	3,00,000 shares	3,42,400 shares
QIB	22,52,000 shares	11,29,600 shares
NII	8,56,000 shares	8,48,000 shares
RII	20,00,000 shares	19,77,600 shares
Employee	0 shares	0 shares
Others
Total	51,08,000 shares	39,55,200 shares

Bids Received (Subscription)

Durlax Top Surface IPO subscribed 166.79x in total, whereas GEM Enviro IPO subscribed 265.13x.

	Durlax Top Surface IPO	GEM Enviro IPO
QIB (times)	48.29x	160.22x
NII (times)	415.06x	462.89x
Big NII (times)
Small NII (times)
RII (times)	193.95x	240.25x
Employee (times)
Other (times)
Total (times)	166.79x	265.13x

Compare with others

Durlax Top Surface IPO	GEM Enviro IPO
The Money Fair IPO	Winny Immigration IPO
Winny Immigration IPO	Medicamen Organics IPO
Medicamen Organics IPO	EnNutrica IPO
EnNutrica IPO	Falcon Technoprojects India IPO
Falcon Technoprojects India IPO	Durlax Top Surface IPO
GEM Enviro IPO	GPES Solar IPO
GPES Solar IPO	United Cotfab IPO
United Cotfab IPO	3C IT IPO
3C IT IPO	Magenta Lifecare IPO
Magenta Lifecare IPO	Sattrix IPO

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