Afcons Infrastructure IPO vs KRN Heat Exchanger IPO

Comparision between Afcons Infrastructure IPO and KRN Heat Exchanger IPO.

IPO Details

Afcons Infrastructure IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while KRN Heat Exchanger IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Afcons Infrastructure IPO	KRN Heat Exchanger 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	ICICI Securities Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Jefferies India Private Limited Nomura Financial Advisory And Securities (India) Pvt Ltd Nuvama Wealth Management Limited SBI Capital Markets Limited	Holani Consultants Private Limited
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt 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 Afcons Infrastructure IPO is up to ₹5,430.00 Cr whereas the issue size of the KRN Heat Exchanger IPO is up to ₹341.95 Cr. The final issue price of Afcons Infrastructure IPO is ₹463.00 per share and of KRN Heat Exchanger IPO is ₹220.00 per share.

	Afcons Infrastructure IPO	KRN Heat Exchanger IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹440.00 per share	₹209.00 per share
Issue Price (Upper)	₹463.00 per share	₹220.00 per share
Issue Price (Final)	₹463.00 per share	₹220.00 per share
Discount (Retail)
Discount (Employee)	₹44.00 per share
Market Lot Size	32 shares	65 shares
Fresh Issue Size	2,69,97,840 shares	1,55,43,000 shares
Fresh Issue Size (Amount)	up to ₹1,250.00 Cr	up to ₹341.95 Cr
OFS Issue Size	9,02,80,778 shares
OFS Issue Size (Amount)	up to ₹4,180.00 Cr
Issue Size Total	11,72,78,618 shares	1,55,43,000 shares
Issue Size Total (Amount)	up to ₹5,430.00 Cr	up to ₹341.95 Cr

IPO Timetable

Afcons Infrastructure IPO opens on Oct 25, 2024, while KRN Heat Exchanger IPO opens on Sep 25, 2024. The closing date of Afcons Infrastructure IPO and KRN Heat Exchanger IPO is Oct 29, 2024, and Sep 27, 2024, respectively.

	Afcons Infrastructure IPO	KRN Heat Exchanger IPO
Anchor Bid Date	Oct 24, 2024	Sep 24, 2024
Issue Open	Oct 25, 2024	Sep 25, 2024
Issue Close	Oct 29, 2024	Sep 27, 2024
Basis Of Allotment (Tentative)	Oct 30, 2024	Sep 30, 2024
Initiation of Refunds (Tentative)	Oct 31, 2024	Oct 01, 2024
Credit of Share (Tentative)	Oct 31, 2024	Oct 01, 2024
Listing date (Tentative)	Nov 04, 2024	Oct 03, 2024
Anchor Lockin End date 1	Nov 29, 2024	Oct 30, 2024
Anchor Lockin End date 2	Jan 28, 2025	Dec 29, 2024

Financials

Afcons Infrastructure IPO P/E ratio is 35.08, as compared to KRN Heat Exchanger IPO P/E ratio of 24.78.

Afcons Infrastructure IPO

KRN Heat Exchanger IPO

Financial

Afcons Infrastructure Limited Financial Information (Restated Consolidated)

Afcons Infrastructure Limited's revenue increased by 6% and profit after tax (PAT) rose by 9% 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	17,184.58	16,233.64	14,301.25	12,973.77
Revenue	3,213.47	13,646.88	12,844.09	11,269.55
Profit After Tax	91.59	449.76	410.86	357.61
Net Worth	3,662.25	3,575.05	3,155.06	2,691.03
Reserves and Surplus	3,342.52	3,255.22	2,653.75	2,190.11
Total Borrowing	3,365.1	2,455	1,562.82	1,555.2
Amount in ₹ Crore

KRN Heat Exchanger and Refrigeration Limited Financial Information (Restated Consolidated)

Period Ended	31 Mar 2024
Assets	258.36
Revenue	313.54
Profit After Tax	39.07
Net Worth	131.65
Total Borrowing	59.69
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

99.48%

94.39%

Promoter Shareholding (Post-Issue)

67.16%

P/E Ratio

35.08

24.78

Market Cap

₹17026.18 Cr.

₹1309.51 Cr.

ROE

10.55%%

40.86%%

ROCE

14.89%%

31.21%%

Debt/Equity

0.91

0.45

EPS

₹13.20

₹8.88

RoNW

2.50%%

29.68%%

Shares Offered

In the Afcons Infrastructure IPO retail investors (RII) are offered 4,08,58,531 shares while in KRN Heat Exchanger IPO retail investors are offered 4,08,58,531 shares. Qualified institutional buyers (QIB) are offered 2,33,47,732 shares in Afcons Infrastructure IPO and 31,07,455 shares in KRN Heat Exchanger IPO.

	Afcons Infrastructure IPO	KRN Heat Exchanger IPO
Anchor Investor Reserveration	3,50,21,597 shares	45,50,000 shares
Market Maker Reserveration
QIB	2,33,47,732 shares	31,07,455 shares
NII	1,75,10,799 shares	23,87,215 shares
RII	4,08,58,531 shares	54,98,330 shares
Employee	5,96,659 shares	0 shares
Others
Total	8,23,13,721 shares	1,09,93,000 shares

Bids Received (Subscription)

Afcons Infrastructure IPO subscribed 2.77x in total, whereas KRN Heat Exchanger IPO subscribed 213.41x.

	Afcons Infrastructure IPO	KRN Heat Exchanger IPO
QIB (times)	3.99x	253.04x
NII (times)	5.31x	430.54x
Big NII (times)	6.63x	445.31x
Small NII (times)	2.67x	401.01x
RII (times)	0.99x	96.74x
Employee (times)	1.77x
Other (times)
Total (times)	2.77x	213.41x

Compare with others

Afcons Infrastructure IPO	KRN Heat Exchanger IPO
Swiggy IPO	Garuda Construction and Engineering IPO
Godavari Biorefineries 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
Hyundai Motor IPO	Northern Arc Capital IPO
Diffusion Engineers IPO	Arkade Developers IPO
Manba Finance IPO	Western Carriers (India) IPO
KRN Heat Exchanger IPO	P N Gadgil Jewellers IPO
Northern Arc Capital IPO	Kross IPO

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