Awfis Space Solutions IPO vs TBO Tek IPO

Comparision between Awfis Space Solutions IPO and TBO Tek IPO.

IPO Details

Awfis Space Solutions IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while TBO Tek IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Awfis Space Solutions IPO	TBO Tek 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 Axis Capital Limited Iifl Securities Ltd Emkay Global Financial Services Ltd	Axis Capital Limited Jefferies India Private Limited Goldman Sachs (India) Securities Private Limited Jm Financial Limited
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
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 Awfis Space Solutions IPO is up to ₹598.93 Cr whereas the issue size of the TBO Tek IPO is up to ₹1,550.81 Cr. The final issue price of Awfis Space Solutions IPO is ₹383.00 per share and of TBO Tek IPO is ₹920.00 per share.

	Awfis Space Solutions IPO	TBO Tek IPO
Face Value	₹10 per share	₹1 per share
Issue Price (Lower)	₹364.00 per share	₹875.00 per share
Issue Price (Upper)	₹383.00 per share	₹920.00 per share
Issue Price (Final)	₹383.00 per share	₹920.00 per share
Discount (Retail)
Discount (Employee)	₹36.00 per share
Market Lot Size	39 shares	16 shares
Fresh Issue Size	33,42,037 shares	43,47,826 shares
Fresh Issue Size (Amount)	up to ₹128.00 Cr	up to ₹400.00 Cr
OFS Issue Size	1,22,95,699 shares	1,25,08,797 shares
OFS Issue Size (Amount)	up to ₹470.93 Cr	up to ₹1,150.81 Cr
Issue Size Total	1,56,37,736 shares	1,68,56,623 shares
Issue Size Total (Amount)	up to ₹598.93 Cr	up to ₹1,550.81 Cr

IPO Timetable

Awfis Space Solutions IPO opens on May 22, 2024, while TBO Tek IPO opens on May 08, 2024. The closing date of Awfis Space Solutions IPO and TBO Tek IPO is May 27, 2024, and May 10, 2024, respectively.

	Awfis Space Solutions IPO	TBO Tek IPO
Anchor Bid Date	May 21, 2024	May 07, 2024
Issue Open	May 22, 2024	May 08, 2024
Issue Close	May 27, 2024	May 10, 2024
Basis Of Allotment (Tentative)	May 28, 2024	May 13, 2024
Initiation of Refunds (Tentative)	May 29, 2024	May 14, 2024
Credit of Share (Tentative)	May 29, 2024	May 14, 2024
Listing date (Tentative)	May 30, 2024	May 15, 2024
Anchor Lockin End date 1	Jun 27, 2024	Jun 12, 2024
Anchor Lockin End date 2	Aug 26, 2024	Aug 11, 2024

Financials

Awfis Space Solutions IPO P/E ratio is , as compared to TBO Tek IPO P/E ratio of 64.58.

Awfis Space Solutions IPO

TBO Tek IPO

Financial

Awfis Space Solutions Limited Financial Information (Restated Consolidated)

Awfis Space Solutions Limited's revenue increased by 103% and profit after tax (PAT) rose by 18.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,352.25	930.61	559.69	508.58
Revenue	633.69	565.79	278.72	216.02
Profit After Tax	-18.94	-46.64	-57.16	-42.64
Net Worth	247.19	169.36	94.72	150.75
Reserves and Surplus	-265.56	-204.30	-223.37	-167.12
Total Borrowing	23.72	10.92	12.11	2.97
Amount in ₹ Crore

TBO Tek Limited Financial Information (Restated Consolidated)

TBO Tek Limited's revenue increased by 112.09% and profit after tax (PAT) rose by 340.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	3,754.05	2,557.93	1,271.43	576.16
Revenue	1,039.56	1,085.77	511.93	176.55
Profit After Tax	154.18	148.49	33.72	-34.14
Net Worth	501.21	337.19	231.90	204.07
Reserves and Surplus	478.43	317.57	214.08	197.58
Total Borrowing	2.93	6.36	2.69
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

41.05%

51.26%

Promoter Shareholding (Post-Issue)

P/E Ratio

64.58

Market Cap

₹2658.70 Cr.

₹9990.08 Cr.

ROE

ROCE

37.43%%

Debt/Equity

0.1

EPS

₹14.25

RoNW

-7.66%%

30.76%

Shares Offered

In the Awfis Space Solutions IPO retail investors (RII) are offered 15,58,551 shares while in TBO Tek IPO retail investors are offered 15,58,551 shares. Qualified institutional buyers (QIB) are offered 46,75,656 shares in Awfis Space Solutions IPO and 50,47,204 shares in TBO Tek IPO.

	Awfis Space Solutions IPO	TBO Tek IPO
Anchor Investor Reserveration	70,13,483 shares	75,70,807 shares
Market Maker Reserveration
QIB	46,75,656 shares	50,47,204 shares
NII	23,37,827 shares	25,23,602 shares
RII	15,58,551 shares	16,82,401 shares
Employee	57,636 shares	32,609 shares
Others
Total	86,29,670 shares	92,85,816 shares

Bids Received (Subscription)

Awfis Space Solutions IPO subscribed 108.17x in total, whereas TBO Tek IPO subscribed 86.69x.

	Awfis Space Solutions IPO	TBO Tek IPO
QIB (times)	116.95x	125.51x
NII (times)	129.27x	50.60x
Big NII (times)	138.15x	55.82x
Small NII (times)	111.53x	40.15x
RII (times)	53.23x	25.72x
Employee (times)	24.68x	17.81x
Other (times)
Total (times)	108.17x	86.69x

Compare with others

Awfis Space Solutions IPO	TBO Tek IPO
Aasaan Loans IPO	ixigo IPO
Stanley Lifestyles IPO	Kronox Lab Sciences IPO
DEE Piping Systems IPO	Awfis Space Solutions IPO
ixigo IPO	Go Digit IPO
Kronox Lab Sciences IPO	Aadhar Housing Finance IPO
Go Digit IPO	Indegene IPO
Aadhar Housing Finance IPO	JNK India IPO
TBO Tek IPO	VI FPO
Indegene IPO	Bharti Hexacom IPO
JNK India IPO	SRM Contractors IPO

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