Garuda Construction and Engineering IPO vs Swiggy IPO

Comparision between Garuda Construction and Engineering IPO and Swiggy IPO.

IPO Details

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

	Garuda Construction and Engineering IPO	Swiggy 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 Jefferies India Private Limited Avendus Capital Pvt Ltd J.P. Morgan India Private Limited Bofa Securities India Limited ICICI Securities Limited
Registrar	Link Intime India Private Ltd	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 Garuda Construction and Engineering IPO is up to ₹264.10 Cr whereas the issue size of the Swiggy IPO is up to ₹11,327.43 Cr. The final issue price of Garuda Construction and Engineering IPO is ₹95.00 per share and of Swiggy IPO is ₹390.00 per share.

	Garuda Construction and Engineering IPO	Swiggy IPO
Face Value	₹5 per share	₹1 per share
Issue Price (Lower)	₹90.00 per share	₹371.00 per share
Issue Price (Upper)	₹95.00 per share	₹390.00 per share
Issue Price (Final)	₹95.00 per share	₹390.00 per share
Discount (Retail)
Discount (Employee)		₹25.00 per share
Market Lot Size	157 shares	38 shares
Fresh Issue Size	1,83,00,000 shares	11,53,58,974 shares
Fresh Issue Size (Amount)	up to ₹173.85 Cr	up to ₹4,499.00 Cr
OFS Issue Size	95,00,000 shares	17,50,87,863 shares
OFS Issue Size (Amount)	up to ₹90.25 Cr	up to ₹6,828.43 Cr
Issue Size Total	2,78,00,000 shares	29,04,46,837 shares
Issue Size Total (Amount)	up to ₹264.10 Cr	up to ₹11,327.43 Cr

IPO Timetable

Garuda Construction and Engineering IPO opens on Oct 08, 2024, while Swiggy IPO opens on Nov 06, 2024. The closing date of Garuda Construction and Engineering IPO and Swiggy IPO is Oct 10, 2024, and Nov 08, 2024, respectively.

	Garuda Construction and Engineering IPO	Swiggy IPO
Anchor Bid Date	Oct 07, 2024	Nov 05, 2024
Issue Open	Oct 08, 2024	Nov 06, 2024
Issue Close	Oct 10, 2024	Nov 08, 2024
Basis Of Allotment (Tentative)	Oct 11, 2024	Nov 11, 2024
Initiation of Refunds (Tentative)	Oct 14, 2024	Nov 12, 2024
Credit of Share (Tentative)	Oct 14, 2024	Nov 12, 2024
Listing date (Tentative)	Oct 15, 2024	Nov 13, 2024
Anchor Lockin End date 1	Nov 10, 2024	Dec 10, 2024
Anchor Lockin End date 2	Jan 09, 2025	Feb 08, 2025

Financials

Garuda Construction and Engineering IPO P/E ratio is 19.49, as compared to Swiggy IPO P/E ratio of -35.23.

Garuda Construction and Engineering IPO

Swiggy 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

Swiggy Limited Financial Information (Restated Consolidated)

Swiggy Limited's revenue increased by 34% and profit after tax (PAT) rose by 44% 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	10,341.24	10,529.42	11,280.65	14,405.74
Revenue	3,310.11	11,634.35	8,714.45	6,119.78
Profit After Tax	-611.01	-2,350.24	-4,179.31	-3,628.9
Net Worth	7,444.99	7,791.46	9,056.61	12,266.91
Reserves and Surplus	-7,750.85	-7,880.85	-6,510.34	-3,311.1
Total Borrowing	256.61	211.19
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

96.81%

63.56%

Promoter Shareholding (Post-Issue)

67.56%

52.97%

P/E Ratio

19.49

-35.23

Market Cap

₹883.90 Cr.

₹87298.60 Cr.

ROE

36.14%%

ROCE

46.69%%

Debt/Equity

EPS

₹4.87

₹-11.07

RoNW

30.62%%

-8.21%%

Shares Offered

In the Garuda Construction and Engineering IPO retail investors (RII) are offered 97,30,000 shares while in Swiggy 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 8,69,23,475 shares in Swiggy IPO.

	Garuda Construction and Engineering IPO	Swiggy IPO
Anchor Investor Reserveration	78,95,138 shares	13,03,85,211 shares
Market Maker Reserveration
QIB	60,04,862 shares	8,69,23,475 shares
NII	41,70,000 shares	4,34,61,737 shares
RII	97,30,000 shares	2,89,74,491 shares
Employee	0 shares	7,50,000 shares
Others
Total	1,99,04,862 shares	16,01,09,703 shares

Bids Received (Subscription)

Garuda Construction and Engineering IPO subscribed 7.55x in total, whereas Swiggy IPO subscribed 3.59x.

	Garuda Construction and Engineering IPO	Swiggy IPO
QIB (times)	1.24x	6.02x
NII (times)	9.03x	0.41x
Big NII (times)	7.93x	0.37x
Small NII (times)	11.23x	0.50x
RII (times)	10.81x	1.14x
Employee (times)		1.65x
Other (times)
Total (times)	7.55x	3.59x

Compare with others

Garuda Construction and Engineering IPO	Swiggy IPO
ACME Solar Holdings IPO	Avanse Financial Services IPO
Swiggy IPO	NTPC Green Energy IPO
Godavari Biorefineries IPO	Niva Bupa Health Insurance IPO
Deepak Builders & Engineers IPO	Sagility India IPO
Waaree Energies IPO	ACME Solar Holdings IPO
Afcons Infrastructure IPO	Godavari Biorefineries IPO
Hyundai Motor IPO	Deepak Builders & Engineers IPO
Diffusion Engineers IPO	Waaree Energies IPO
Manba Finance IPO	Garuda Construction and Engineering IPO
KRN Heat Exchanger IPO	Afcons Infrastructure IPO

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