Garuda Construction and Engineering IPO vs Hyundai Motor IPO

Comparision between Garuda Construction and Engineering IPO and Hyundai Motor IPO.

IPO Details

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

	Garuda Construction and Engineering IPO	Hyundai Motor 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	Kotak Mahindra Capital Company Limited Citigroup Global Markets India Private Limited Hsbc Securities & Capital Markets Pvt Ltd J.P. Morgan India Private Limited Morgan Stanley India Company Pvt Ltd
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
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 Hyundai Motor IPO is up to ₹27,870.16 Cr. The final issue price of Garuda Construction and Engineering IPO is ₹95.00 per share and of Hyundai Motor IPO is ₹1,960.00 per share.

	Garuda Construction and Engineering IPO	Hyundai Motor IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹90.00 per share	₹1,865.00 per share
Issue Price (Upper)	₹95.00 per share	₹1,960.00 per share
Issue Price (Final)	₹95.00 per share	₹1,960.00 per share
Discount (Retail)
Discount (Employee)		₹186.00 per share
Market Lot Size	157 shares	7 shares
Fresh Issue Size	1,83,00,000 shares
Fresh Issue Size (Amount)	up to ₹173.85 Cr
OFS Issue Size	95,00,000 shares	14,21,94,700 shares
OFS Issue Size (Amount)	up to ₹90.25 Cr	up to ₹27,870.16 Cr
Issue Size Total	2,78,00,000 shares	14,21,94,700 shares
Issue Size Total (Amount)	up to ₹264.10 Cr	up to ₹27,870.16 Cr

IPO Timetable

Garuda Construction and Engineering IPO opens on Oct 08, 2024, while Hyundai Motor IPO opens on Oct 15, 2024. The closing date of Garuda Construction and Engineering IPO and Hyundai Motor IPO is Oct 10, 2024, and Oct 17, 2024, respectively.

	Garuda Construction and Engineering IPO	Hyundai Motor IPO
Anchor Bid Date	Oct 07, 2024	Oct 14, 2024
Issue Open	Oct 08, 2024	Oct 15, 2024
Issue Close	Oct 10, 2024	Oct 17, 2024
Basis Of Allotment (Tentative)	Oct 11, 2024	Oct 18, 2024
Initiation of Refunds (Tentative)	Oct 14, 2024	Oct 21, 2024
Credit of Share (Tentative)	Oct 14, 2024	Oct 21, 2024
Listing date (Tentative)	Oct 15, 2024	Oct 22, 2024
Anchor Lockin End date 1	Nov 10, 2024	Nov 17, 2024
Anchor Lockin End date 2	Jan 09, 2025	Jan 16, 2025

Financials

Garuda Construction and Engineering IPO P/E ratio is 19.49, as compared to Hyundai Motor IPO P/E ratio of 26.28.

Garuda Construction and Engineering IPO

Hyundai Motor 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

Hyundai Motor India Limited Financial Information (Restated Consolidated)

Hyundai Motor India Limited's revenue increased by 16% and profit after tax (PAT) rose by 29% 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	25,370.24	26,349.25	34,573.34	28,358.06
Revenue	17,567.98	71,302.33	61,436.64	47,966.05
Profit After Tax	1,489.65	6,060.04	4,709.25	2,901.59
Net Worth	12,148.71	10,665.66	20,054.82	16,856.26
Reserves and Surplus	11,336.17	9,853.12	19,242.28	16,043.71
Total Borrowing	758.14	767.92	1,158.6	1,140.03
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

96.81%

100%

Promoter Shareholding (Post-Issue)

67.56%

82.50%

P/E Ratio

19.49

26.28

Market Cap

₹883.90 Cr.

₹159258.06 Cr.

ROE

36.14%%

ROCE

46.69%%

13.69%%

Debt/Equity

EPS

₹4.87

₹74.58

RoNW

30.62%%

12.26%%

Shares Offered

In the Garuda Construction and Engineering IPO retail investors (RII) are offered 97,30,000 shares while in Hyundai Motor 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 2,82,83,260 shares in Hyundai Motor IPO.

	Garuda Construction and Engineering IPO	Hyundai Motor IPO
Anchor Investor Reserveration	78,95,138 shares	4,24,24,890 shares
Market Maker Reserveration
QIB	60,04,862 shares	2,82,83,260 shares
NII	41,70,000 shares	2,12,12,445 shares
RII	97,30,000 shares	4,94,95,705 shares
Employee	0 shares	7,78,400 shares
Others
Total	1,99,04,862 shares	9,97,69,810 shares

Bids Received (Subscription)

Garuda Construction and Engineering IPO subscribed 7.55x in total, whereas Hyundai Motor IPO subscribed 2.37x.

	Garuda Construction and Engineering IPO	Hyundai Motor IPO
QIB (times)	1.24x	6.97x
NII (times)	9.03x	0.60x
Big NII (times)	7.93x	0.58x
Small NII (times)	11.23x	0.65x
RII (times)	10.81x	0.50x
Employee (times)		1.74x
Other (times)
Total (times)	7.55x	2.37x

Compare with others

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

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