Go Digit IPO vs TBO Tek IPO

Comparision between Go Digit IPO and TBO Tek IPO.

IPO Details

Go Digit 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.

	Go Digit 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 Morgan Stanley India Company Pvt Ltd Axis Capital Limited Hdfc Bank Limited Iifl Securities Ltd Nuvama Wealth Management Limited	Axis Capital Limited Jefferies India Private Limited Goldman Sachs (India) Securities Private Limited Jm Financial Limited
Registrar	Link Intime India Private 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 Go Digit IPO is up to ₹2,614.65 Cr whereas the issue size of the TBO Tek IPO is up to ₹1,550.81 Cr. The final issue price of Go Digit IPO is ₹272.00 per share and of TBO Tek IPO is ₹920.00 per share.

	Go Digit IPO	TBO Tek IPO
Face Value	₹10 per share	₹1 per share
Issue Price (Lower)	₹258.00 per share	₹875.00 per share
Issue Price (Upper)	₹272.00 per share	₹920.00 per share
Issue Price (Final)	₹272.00 per share	₹920.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	55 shares	16 shares
Fresh Issue Size	4,13,60,294 shares	43,47,826 shares
Fresh Issue Size (Amount)	up to ₹1,125.00 Cr	up to ₹400.00 Cr
OFS Issue Size	5,47,66,392 shares	1,25,08,797 shares
OFS Issue Size (Amount)	up to ₹1,489.65 Cr	up to ₹1,150.81 Cr
Issue Size Total	9,61,26,686 shares	1,68,56,623 shares
Issue Size Total (Amount)	up to ₹2,614.65 Cr	up to ₹1,550.81 Cr

IPO Timetable

Go Digit IPO opens on May 15, 2024, while TBO Tek IPO opens on May 08, 2024. The closing date of Go Digit IPO and TBO Tek IPO is May 17, 2024, and May 10, 2024, respectively.

	Go Digit IPO	TBO Tek IPO
Anchor Bid Date	May 14, 2024	May 07, 2024
Issue Open	May 15, 2024	May 08, 2024
Issue Close	May 17, 2024	May 10, 2024
Basis Of Allotment (Tentative)	May 21, 2024	May 13, 2024
Initiation of Refunds (Tentative)	May 22, 2024	May 14, 2024
Credit of Share (Tentative)	May 22, 2024	May 14, 2024
Listing date (Tentative)	May 23, 2024	May 15, 2024
Anchor Lockin End date 1	Jun 20, 2024	Jun 12, 2024
Anchor Lockin End date 2	Aug 19, 2024	Aug 11, 2024

Financials

Go Digit IPO P/E ratio is 670.31, as compared to TBO Tek IPO P/E ratio of 64.58.

Go Digit IPO

TBO Tek IPO

Financial

Go Digit General Insurance Limited Financial Information (Restated)

Go Digit General Insurance Limited's revenue increased by 113.35% and profit after tax (PAT) rose by 112.01% 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	3,619.95	3,346.75	2,919.01	1,874.80
Revenue	130.83	39.19	-293.64	-118.55
Profit After Tax	129.02	35.54	-295.85	-122.76
Net Worth	2,459.34	2,325.47	1,866.87	1,134.57
Reserves and Surplus	2,391.97	2,383.61	1,975.07	973.14
Total Borrowing	200.00
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)

83.31%

51.26%

Promoter Shareholding (Post-Issue)

P/E Ratio

670.31

64.58

Market Cap

₹24947.90 Cr.

₹9990.08 Cr.

ROE

ROCE

Debt/Equity

EPS

₹0.41

₹14.25

RoNW

5.25%%

30.76%

Shares Offered

In the Go Digit IPO retail investors (RII) are offered 96,12,668 shares while in TBO Tek IPO retail investors are offered 96,12,668 shares. Qualified institutional buyers (QIB) are offered 2,88,38,007 shares in Go Digit IPO and 50,47,204 shares in TBO Tek IPO.

	Go Digit IPO	TBO Tek IPO
Anchor Investor Reserveration	4,32,57,009 shares	75,70,807 shares
Market Maker Reserveration
QIB	2,88,38,007 shares	50,47,204 shares
NII	1,44,19,002 shares	25,23,602 shares
RII	96,12,668 shares	16,82,401 shares
Employee	0 shares	32,609 shares
Others
Total	5,28,69,677 shares	92,85,816 shares

Bids Received (Subscription)

Go Digit IPO subscribed 9.60x in total, whereas TBO Tek IPO subscribed 86.69x.

	Go Digit IPO	TBO Tek IPO
QIB (times)	12.56x	125.51x
NII (times)	7.24x	50.60x
Big NII (times)	8.28x	55.82x
Small NII (times)	5.15x	40.15x
RII (times)	4.27x	25.72x
Employee (times)		17.81x
Other (times)
Total (times)	9.60x	86.69x

Compare with others

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

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