Durlax Top Surface IPO vs GPES Solar IPO

Comparision between Durlax Top Surface IPO and GPES Solar IPO.

IPO Details

Durlax Top Surface IPO is a SME Book Built Issue IPO proposed to list at NSE SME while GPES Solar IPO is a SME Book Built Issue proposed to list at NSE SME.

	Durlax Top Surface IPO	GPES Solar IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Expert Global Consultants Private Limited	Corporate Capitalventures Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Globalworth Securities Limited	Ss Corporate 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 GPES Solar IPO is up to ₹30.79 Cr. The final issue price of Durlax Top Surface IPO is ₹68.00 per share and of GPES Solar IPO is ₹94.00 per share.

	Durlax Top Surface IPO	GPES Solar IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹65.00 per share	₹90.00 per share
Issue Price (Upper)	₹68.00 per share	₹94.00 per share
Issue Price (Final)	₹68.00 per share	₹94.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1200 shares
Fresh Issue Size	42,00,000 shares	32,76,000 shares
Fresh Issue Size (Amount)	up to ₹28.56 Cr	up to ₹30.79 Cr
OFS Issue Size	18,00,000 shares
OFS Issue Size (Amount)	up to ₹12.24 Cr
Issue Size Total	60,00,000 shares	32,76,000 shares
Issue Size Total (Amount)	up to ₹40.80 Cr	up to ₹30.79 Cr

IPO Timetable

Durlax Top Surface IPO opens on Jun 19, 2024, while GPES Solar IPO opens on Jun 14, 2024. The closing date of Durlax Top Surface IPO and GPES Solar IPO is Jun 21, 2024, and Jun 19, 2024, respectively.

	Durlax Top Surface IPO	GPES Solar IPO
Anchor Bid Date	Jun 18, 2024	Jun 13, 2024
Issue Open	Jun 19, 2024	Jun 14, 2024
Issue Close	Jun 21, 2024	Jun 19, 2024
Basis Of Allotment (Tentative)	Jun 24, 2024	Jun 20, 2024
Initiation of Refunds (Tentative)	Jun 25, 2024	Jun 21, 2024
Credit of Share (Tentative)	Jun 25, 2024	Jun 21, 2024
Listing date (Tentative)	Jun 26, 2024	Jun 24, 2024
Anchor Lockin End date 1	Jul 24, 2024	Jul 20, 2024
Anchor Lockin End date 2	Sep 22, 2024	Sep 18, 2024

Financials

Durlax Top Surface IPO P/E ratio is 16.73, as compared to GPES Solar IPO P/E ratio of 21.44.

Durlax Top Surface IPO

GPES Solar 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

GP Eco Solutions India Limited Financial Information (Restated)

GP Eco Solutions India Limited's revenue increased by 25.08% and profit after tax (PAT) rose by 33.43% 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	4,728.75	4,715.19	1,904.89	1,429.81
Revenue	7,858.88	10,447.63	8,352.99	4,652.91
Profit After Tax	473.27	369.82	277.17	96.94
Net Worth	1,298.08	824.81	454.98	177.81
Reserves and Surplus	578.08	804.81	434.98	157.81
Total Borrowing	1,544.79	1,316.52	517.55	351.37
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

95.44%

86.4%

Promoter Shareholding (Post-Issue)

60.35%

62.23%

P/E Ratio

16.73

21.44

Market Cap

₹113.07 Cr.

₹110.08 Cr.

ROE

26.20%%

44.59%%

ROCE

20.20%%

26.51%%

Debt/Equity

2.78

1.11

EPS

₹4.06

₹4.38

RoNW

23.12%%

42.70%%

Shares Offered

In the Durlax Top Surface IPO retail investors (RII) are offered 20,00,000 shares while in GPES Solar 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 5,89,200 shares in GPES Solar IPO.

	Durlax Top Surface IPO	GPES Solar IPO
Anchor Investor Reserveration	5,92,000 shares	8,83,200 shares
Market Maker Reserveration	3,00,000 shares	3,27,600 shares
QIB	22,52,000 shares	5,89,200 shares
NII	8,56,000 shares	4,44,000 shares
RII	20,00,000 shares	10,32,000 shares
Employee	0 shares	0 shares
Others
Total	51,08,000 shares	20,65,200 shares

Bids Received (Subscription)

Durlax Top Surface IPO subscribed 166.79x in total, whereas GPES Solar IPO subscribed 856.21x.

	Durlax Top Surface IPO	GPES Solar IPO
QIB (times)	48.29x	236.64x
NII (times)	415.06x	1,824.87x
Big NII (times)
Small NII (times)
RII (times)	193.95x	793.20x
Employee (times)
Other (times)
Total (times)	166.79x	856.21x

Compare with others

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

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