Durlax Top Surface IPO vs The Money Fair IPO

Comparision between Durlax Top Surface IPO and The Money Fair IPO.

IPO Details

Durlax Top Surface IPO is a SME Book Built Issue IPO proposed to list at NSE SME while The Money Fair IPO is a SME Book Built Issue proposed to list at NSE SME.

	Durlax Top Surface IPO	The Money Fair IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Expert Global Consultants Private Limited	Fast Track Finsec Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Skyline Financial Services Private Ltd
Market Maker	Globalworth Securities Limited	Nikunj Stock Brokers Limited
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 Durlax Top Surface IPO is up to ₹40.80 Cr whereas the issue size of the The Money Fair IPO is up to ₹23.11 Cr. The final issue price of Durlax Top Surface IPO is ₹68.00 per share and of The Money Fair IPO is ₹77.00 per share.

	Durlax Top Surface IPO	The Money Fair IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹65.00 per share	₹73.00 per share
Issue Price (Upper)	₹68.00 per share	₹77.00 per share
Issue Price (Final)	₹68.00 per share	₹77.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1600 shares
Fresh Issue Size	42,00,000 shares	30,01,600 shares
Fresh Issue Size (Amount)	up to ₹28.56 Cr	up to ₹23.11 Cr
OFS Issue Size	18,00,000 shares
OFS Issue Size (Amount)	up to ₹12.24 Cr
Issue Size Total	60,00,000 shares	30,01,600 shares
Issue Size Total (Amount)	up to ₹40.80 Cr	up to ₹23.11 Cr

IPO Timetable

Durlax Top Surface IPO opens on Jun 19, 2024, while The Money Fair IPO opens on Jun 25, 2024. The closing date of Durlax Top Surface IPO and The Money Fair IPO is Jun 21, 2024, and Jun 27, 2024, respectively.

	Durlax Top Surface IPO	The Money Fair IPO
Anchor Bid Date	Jun 18, 2024	Jun 24, 2024
Issue Open	Jun 19, 2024	Jun 25, 2024
Issue Close	Jun 21, 2024	Jun 27, 2024
Basis Of Allotment (Tentative)	Jun 24, 2024	Jul 01, 2024
Initiation of Refunds (Tentative)	Jun 25, 2024	Jul 01, 2024
Credit of Share (Tentative)	Jun 25, 2024	Jul 01, 2024
Listing date (Tentative)	Jun 26, 2024	Jul 02, 2024
Anchor Lockin End date 1	Jul 24, 2024	Jul 31, 2024
Anchor Lockin End date 2	Sep 22, 2024	Sep 29, 2024

Financials

Durlax Top Surface IPO P/E ratio is 16.73, as compared to The Money Fair IPO P/E ratio of 13.2.

Durlax Top Surface IPO

The Money Fair IPO

Financial

Durlax Top Surface Limited Financial Information (Restated)

Durlax Top Surface Limited's revenue increased by 35.9% and profit after tax (PAT) rose by 141.15% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	10,553.50	7,673.02	7,168.11
Revenue	9,083.93	6,684.20	4,741.81
Profit After Tax	505.07	209.44	48.42
Net Worth	2,184.38	1,671.21	1,292.27
Reserves and Surplus	941.61	431.14	1,277.29
Total Borrowing	6,070.71	3,690.93	3,929.82
Amount in ₹ Lakhs

Akiko Global Services Limited Financial Information (Restated)

Period Ended	31 Jan 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,794.91	1,130.87	405.67	234.88
Revenue	2,609.76	3,958.97	1,353.31	610.78
Profit After Tax	321.48	453.26	77.85	22.98
Net Worth	1,403.37	578.40	123.14	45.29
Reserves and Surplus	626.57	574.40	121.14	43.29
Total Borrowing	122.05	95.89	26.13	49.62
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

95.44%

92.77%

Promoter Shareholding (Post-Issue)

60.35%

66.91%

P/E Ratio

16.73

13.2

Market Cap

₹113.07 Cr.

₹82.93 Cr.

ROE

26.20%%

32.44%%

ROCE

20.20%%

29.23%%

Debt/Equity

2.78

0.09

EPS

₹4.06

₹5.83

RoNW

23.12%%

22.91%%

Shares Offered

In the Durlax Top Surface IPO retail investors (RII) are offered 20,00,000 shares while in The Money Fair IPO retail investors are offered 20,00,000 shares. Qualified institutional buyers (QIB) are offered 22,52,000 shares in Durlax Top Surface IPO and 6,54,400 shares in The Money Fair IPO.

	Durlax Top Surface IPO	The Money Fair IPO
Anchor Investor Reserveration	5,92,000 shares	8,54,400 shares
Market Maker Reserveration	3,00,000 shares	1,50,400 shares
QIB	22,52,000 shares	6,54,400 shares
NII	8,56,000 shares	4,28,800 shares
RII	20,00,000 shares	9,98,400 shares
Employee	0 shares	0 shares
Others
Total	51,08,000 shares	20,81,600 shares

Bids Received (Subscription)

Durlax Top Surface IPO subscribed 166.79x in total, whereas The Money Fair IPO subscribed 34.96x.

	Durlax Top Surface IPO	The Money Fair IPO
QIB (times)	48.29x	10.21x
NII (times)	415.06x	48.05x
Big NII (times)
Small NII (times)
RII (times)	193.95x	45.57x
Employee (times)
Other (times)
Total (times)	166.79x	34.96x

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