Garuda Construction and Engineering IPO vs KRN Heat Exchanger IPO

Comparision between Garuda Construction and Engineering IPO and KRN Heat Exchanger IPO.

IPO Details

Garuda Construction and Engineering 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.

	Garuda Construction and Engineering 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	Corpwis Advisors Private 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 Garuda Construction and Engineering IPO is up to ₹264.10 Cr whereas the issue size of the KRN Heat Exchanger IPO is up to ₹341.95 Cr. The final issue price of Garuda Construction and Engineering IPO is ₹95.00 per share and of KRN Heat Exchanger IPO is ₹220.00 per share.

	Garuda Construction and Engineering IPO	KRN Heat Exchanger IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹90.00 per share	₹209.00 per share
Issue Price (Upper)	₹95.00 per share	₹220.00 per share
Issue Price (Final)	₹95.00 per share	₹220.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	157 shares	65 shares
Fresh Issue Size	1,83,00,000 shares	1,55,43,000 shares
Fresh Issue Size (Amount)	up to ₹173.85 Cr	up to ₹341.95 Cr
OFS Issue Size	95,00,000 shares
OFS Issue Size (Amount)	up to ₹90.25 Cr
Issue Size Total	2,78,00,000 shares	1,55,43,000 shares
Issue Size Total (Amount)	up to ₹264.10 Cr	up to ₹341.95 Cr

IPO Timetable

Garuda Construction and Engineering IPO opens on Oct 08, 2024, while KRN Heat Exchanger IPO opens on Sep 25, 2024. The closing date of Garuda Construction and Engineering IPO and KRN Heat Exchanger IPO is Oct 10, 2024, and Sep 27, 2024, respectively.

	Garuda Construction and Engineering IPO	KRN Heat Exchanger IPO
Anchor Bid Date	Oct 07, 2024	Sep 24, 2024
Issue Open	Oct 08, 2024	Sep 25, 2024
Issue Close	Oct 10, 2024	Sep 27, 2024
Basis Of Allotment (Tentative)	Oct 11, 2024	Sep 30, 2024
Initiation of Refunds (Tentative)	Oct 14, 2024	Oct 01, 2024
Credit of Share (Tentative)	Oct 14, 2024	Oct 01, 2024
Listing date (Tentative)	Oct 15, 2024	Oct 03, 2024
Anchor Lockin End date 1	Nov 10, 2024	Oct 30, 2024
Anchor Lockin End date 2	Jan 09, 2025	Dec 29, 2024

Financials

Garuda Construction and Engineering IPO P/E ratio is 19.49, as compared to KRN Heat Exchanger IPO P/E ratio of 24.78.

Garuda Construction and Engineering IPO

KRN Heat Exchanger 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

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)

96.81%

94.39%

Promoter Shareholding (Post-Issue)

67.56%

P/E Ratio

19.49

24.78

Market Cap

₹883.90 Cr.

₹1309.51 Cr.

ROE

36.14%%

40.86%%

ROCE

46.69%%

31.21%%

Debt/Equity

0.45

EPS

₹4.87

₹8.88

RoNW

30.62%%

29.68%%

Shares Offered

In the Garuda Construction and Engineering IPO retail investors (RII) are offered 97,30,000 shares while in KRN Heat Exchanger 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 31,07,455 shares in KRN Heat Exchanger IPO.

	Garuda Construction and Engineering IPO	KRN Heat Exchanger IPO
Anchor Investor Reserveration	78,95,138 shares	45,50,000 shares
Market Maker Reserveration
QIB	60,04,862 shares	31,07,455 shares
NII	41,70,000 shares	23,87,215 shares
RII	97,30,000 shares	54,98,330 shares
Employee	0 shares	0 shares
Others
Total	1,99,04,862 shares	1,09,93,000 shares

Bids Received (Subscription)

Garuda Construction and Engineering IPO subscribed 7.55x in total, whereas KRN Heat Exchanger IPO subscribed 213.41x.

	Garuda Construction and Engineering IPO	KRN Heat Exchanger IPO
QIB (times)	1.24x	253.04x
NII (times)	9.03x	430.54x
Big NII (times)	7.93x	445.31x
Small NII (times)	11.23x	401.01x
RII (times)	10.81x	96.74x
Employee (times)
Other (times)
Total (times)	7.55x	213.41x

Compare with others

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

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