Azad Engineering IPO vs Suraj Estate Developers IPO

Comparision between Azad Engineering IPO and Suraj Estate Developers IPO.

IPO Details

Azad Engineering IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Suraj Estate Developers IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Azad Engineering IPO	Suraj Estate Developers 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	Axis Capital Limited ICICI Securities Limited SBI Capital Markets Limited Anand Rathi Securities Limited	Iti Capital Ltd Anand Rathi Securities Limited
Registrar	Kfin Technologies Limited	Link Intime India Private 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 Azad Engineering IPO is up to ₹740.00 Cr whereas the issue size of the Suraj Estate Developers IPO is up to ₹400.00 Cr. The final issue price of Azad Engineering IPO is ₹524.00 per share and of Suraj Estate Developers IPO is ₹360.00 per share.

	Azad Engineering IPO	Suraj Estate Developers IPO
Face Value	₹2 per share	₹5 per share
Issue Price (Lower)	₹499.00 per share	₹340.00 per share
Issue Price (Upper)	₹524.00 per share	₹360.00 per share
Issue Price (Final)	₹524.00 per share	₹360.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	28 shares	41 shares
Fresh Issue Size	45,80,153 shares	1,11,11,111 shares
Fresh Issue Size (Amount)	up to ₹240.00 Cr	up to ₹400.00 Cr
OFS Issue Size	95,41,985 shares
OFS Issue Size (Amount)	up to ₹500.00 Cr
Issue Size Total	1,41,22,138 shares	1,11,11,111 shares
Issue Size Total (Amount)	up to ₹740.00 Cr	up to ₹400.00 Cr

IPO Timetable

Azad Engineering IPO opens on Dec 20, 2023, while Suraj Estate Developers IPO opens on Dec 18, 2023. The closing date of Azad Engineering IPO and Suraj Estate Developers IPO is Dec 22, 2023, and Dec 20, 2023, respectively.

	Azad Engineering IPO	Suraj Estate Developers IPO
Anchor Bid Date	Dec 19, 2023	Dec 15, 2023
Issue Open	Dec 20, 2023	Dec 18, 2023
Issue Close	Dec 22, 2023	Dec 20, 2023
Basis Of Allotment (Tentative)	Dec 26, 2023	Dec 21, 2023
Initiation of Refunds (Tentative)	Dec 27, 2023	Dec 22, 2023
Credit of Share (Tentative)	Dec 27, 2023	Dec 22, 2023
Listing date (Tentative)	Dec 28, 2023	Dec 26, 2023
Anchor Lockin End date 1	Jan 25, 2024	Jan 20, 2024
Anchor Lockin End date 2	Mar 25, 2024	Mar 20, 2024

Financials

Azad Engineering IPO P/E ratio is 292.74, as compared to Suraj Estate Developers IPO P/E ratio of 35.64.

Azad Engineering IPO

Suraj Estate Developers IPO

Financial

Azad Engineering Limited Financial Information (Restated Consolidated)

Azad Engineering Limited's revenue increased by 31.24% and profit after tax (PAT) dropped by -71.24% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	636.63	589.21	404.32	256.05
Revenue	169.54	261.52	199.26	125.03
Profit After Tax	26.89	8.47	29.46	11.50
Net Worth
Reserves and Surplus	221.14	202.51	118.88	89.42
Total Borrowing	324.94	300.60	197.18	87.71
Amount in ₹ Crore

Suraj Estate Developers Limited Financial Information (Restated Consolidated)

Suraj Estate Developers Limited's revenue increased by 12.41% and profit after tax (PAT) rose by 20.98% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	994.73	942.58	864.00	792.00
Revenue	102.81	307.89	273.91	244.00
Profit After Tax	14.53	32.06	26.50	6.28
Net Worth	86.11	71.39	39.16	29.15
Reserves and Surplus	70.29	55.48	23.32	22.94
Total Borrowing	598.50	593.09	638.16	600.48
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

78.61%

100%

Promoter Shareholding (Post-Issue)

56.38%

74.95%

P/E Ratio

292.74

35.64

Market Cap

₹3097.52 Cr.

₹1597.00 Cr.

ROE

4.2%%

58.18%%

ROCE

12.99%%

21.93%%

Debt/Equity

1.47

8.31

EPS

₹1.79

₹10.10

RoNW

4.23%%

58.18%%

Shares Offered

In the Azad Engineering IPO retail investors (RII) are offered 49,16,021 shares while in Suraj Estate Developers IPO retail investors are offered 49,16,021 shares. Qualified institutional buyers (QIB) are offered 28,09,155 shares in Azad Engineering IPO and 22,22,222 shares in Suraj Estate Developers IPO.

	Azad Engineering IPO	Suraj Estate Developers IPO
Anchor Investor Reserveration	42,13,731 shares	33,33,333 shares
Market Maker Reserveration
QIB	28,09,155 shares	22,22,222 shares
NII	21,06,866 shares	16,66,666 shares
RII	49,16,021 shares	38,88,889 shares
Employee	0 shares	0 shares
Others
Total	98,32,042 shares	77,77,777 shares

Bids Received (Subscription)

Azad Engineering IPO subscribed 83.04x in total, whereas Suraj Estate Developers IPO subscribed 16.57x.

	Azad Engineering IPO	Suraj Estate Developers IPO
QIB (times)	179.64x	25.74x
NII (times)	90.24x	20.02x
Big NII (times)	93.30x	18.37x
Small NII (times)	84.12x	23.31x
RII (times)	24.51x	9.85x
Employee (times)
Other (times)
Total (times)	83.04x	16.57x

Compare with others

Azad Engineering IPO	Suraj Estate Developers IPO
EPACK Durable IPO	Jyoti CNC Automation IPO
Nova AgriTech IPO	Innova Captab IPO
Medi Assist Healthcare IPO	Azad Engineering IPO
Jyoti CNC Automation IPO	Mufti Menswear IPO
Innova Captab IPO	Inox CVA IPO
Mufti Menswear IPO	RBZ Jewellers IPO
Inox CVA IPO	Motisons Jewellers IPO
Suraj Estate Developers IPO	Mukka Proteins IPO
RBZ Jewellers IPO	Happy Forgings IPO
Motisons Jewellers IPO	Muthoot Microfin IPO

Comments

Add a public comment...