Global Surfaces IPO vs Tata Technologies IPO

Comparision between Global Surfaces IPO and Tata Technologies IPO.

IPO Details

Global Surfaces IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Tata Technologies IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Global Surfaces IPO	Tata Technologies 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	Unistone Capital Pvt Ltd	Jm Financial Limited Citigroup Global Markets India Private Limited Bofa Securities India Limited
Registrar	Bigshare Services Pvt 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 Global Surfaces IPO is up to ₹154.98 Cr whereas the issue size of the Tata Technologies IPO is up to ₹3,042.51 Cr. The final issue price of Global Surfaces IPO is ₹140.00 per share and of Tata Technologies IPO is ₹500.00 per share.

	Global Surfaces IPO	Tata Technologies IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹133.00 per share	₹475.00 per share
Issue Price (Upper)	₹140.00 per share	₹500.00 per share
Issue Price (Final)	₹140.00 per share	₹500.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	100 shares	30 shares
Fresh Issue Size	85,20,000 shares
Fresh Issue Size (Amount)	up to ₹119.28 Cr
OFS Issue Size	25,50,000 shares	6,08,50,278 shares
OFS Issue Size (Amount)	up to ₹35.70 Cr	up to ₹3,042.51 Cr
Issue Size Total	1,10,70,000 shares	6,08,50,278 shares
Issue Size Total (Amount)	up to ₹154.98 Cr	up to ₹3,042.51 Cr

IPO Timetable

Global Surfaces IPO opens on Mar 13, 2023, while Tata Technologies IPO opens on Nov 22, 2023. The closing date of Global Surfaces IPO and Tata Technologies IPO is Mar 15, 2023, and Nov 24, 2023, respectively.

	Global Surfaces IPO	Tata Technologies IPO
Anchor Bid Date	Mar 10, 2023	Nov 21, 2023
Issue Open	Mar 13, 2023	Nov 22, 2023
Issue Close	Mar 15, 2023	Nov 24, 2023
Basis Of Allotment (Tentative)	Mar 20, 2023	Nov 28, 2023
Initiation of Refunds (Tentative)	Mar 21, 2023	Nov 29, 2023
Credit of Share (Tentative)	Mar 22, 2023	Nov 29, 2023
Listing date (Tentative)	Mar 23, 2023	Nov 30, 2023
Anchor Lockin End date 1	Apr 19, 2023	Dec 28, 2023
Anchor Lockin End date 2	Jun 18, 2023	Feb 26, 2024

Financials

Global Surfaces IPO P/E ratio is 21.84, as compared to Tata Technologies IPO P/E ratio of 32.53.

Global Surfaces IPO

Tata Technologies IPO

Financial

Global Surfaces Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	128.73	165.78	20.96	64.48	58.03	53.49
31-Mar-21	159.00	179.00	33.93	98.43	91.98	37.46
31-Mar-22	236.48	198.36	35.63	134.04	100.17	37.28
30-Sep-22	280.20	99.25	13.59	148.93	115.07	50.52
Amount in ₹ Crore

Tata Technologies Limited Financial Information (Restated Consolidated)

Tata Technologies Limited's revenue increased by 25.81% and profit after tax (PAT) rose by 42.8% 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	5,142.42	5,201.49	4,218.00	3,572.74
Revenue	2,587.42	4,501.93	3,578.38	2,425.74
Profit After Tax	351.90	624.04	436.99	239.17
Net Worth	2,853.13	2,989.47	2,280.16	2,142.15
Reserves and Surplus	2,455.29	2,605.60	2,028.93	1,897.46
Total Borrowing
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

99.35%

66.79%

Promoter Shareholding (Post-Issue)

55.39%

P/E Ratio

21.84

32.53

Market Cap

₹593.35 Cr.

₹20283.43 Cr.

ROE

ROCE

Debt/Equity

EPS

₹15.37

RoNW

20.87%%

Shares Offered

In the Global Surfaces IPO retail investors (RII) are offered 38,74,500 shares while in Tata Technologies IPO retail investors are offered 38,74,500 shares. Qualified institutional buyers (QIB) are offered 22,14,000 shares in Global Surfaces IPO and 1,05,47,382 shares in Tata Technologies IPO.

	Global Surfaces IPO	Tata Technologies IPO
Anchor Investor Reserveration	33,21,000 shares	1,58,21,071 shares
Market Maker Reserveration
QIB	22,14,000 shares	1,05,47,382 shares
NII	16,60,500 shares	79,10,537 shares
RII	38,74,500 shares	1,84,57,919 shares
Employee	0 shares	20,28,342 shares
Others
Total	77,49,000 shares	4,50,29,207 shares

Bids Received (Subscription)

Global Surfaces IPO subscribed 12.21x in total, whereas Tata Technologies IPO subscribed 69.43x.

	Global Surfaces IPO	Tata Technologies IPO
QIB (times)	8.95x	203.41x
NII (times)	33.10x	62.11x
Big NII (times)	35.00x	70.67x
Small NII (times)	29.29x	44.98x
RII (times)	5.12x	16.50x
Employee (times)		3.70x
Other (times)		29.20x
Total (times)	12.21x	69.43x

Compare with others

Global Surfaces IPO	Tata Technologies IPO
Tata Technologies IPO	Senco Gold IPO
Nexus Select Trust REIT	Cyient DLM IPO
Mankind Pharma IPO	ideaForge Technology IPO
Avalon Technologies IPO	HMA Agro Industries IPO
Udayshivakumar Infra IPO	IKIO Lighting IPO
Divgi TorqTransfer Systems IPO	Nexus Select Trust REIT
Signatureglobal India IPO	Mankind Pharma IPO
Radiant Cash Management IPO	Avalon Technologies IPO
KFin Technologies IPO	Udayshivakumar Infra IPO
Abans Holdings IPO	Global Surfaces IPO

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