Afcons Infrastructure IPO vs Waaree Energies IPO

Comparision between Afcons Infrastructure IPO and Waaree Energies IPO.

IPO Details

Afcons Infrastructure IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Waaree Energies IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Afcons Infrastructure IPO	Waaree Energies 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 Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Jefferies India Private Limited Nomura Financial Advisory And Securities (India) Pvt Ltd Nuvama Wealth Management Limited SBI Capital Markets Limited	Axis Capital Limited Iifl Securities Ltd Jefferies India Private Limited Nomura Financial Advisory And Securities (India) Pvt Ltd SBI Capital Markets Limited Intensive Fiscal Services Private Limited Iti Capital Ltd
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 Afcons Infrastructure IPO is up to ₹5,430.00 Cr whereas the issue size of the Waaree Energies IPO is up to ₹4,321.44 Cr. The final issue price of Afcons Infrastructure IPO is ₹463.00 per share and of Waaree Energies IPO is ₹1,503.00 per share.

	Afcons Infrastructure IPO	Waaree Energies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹440.00 per share	₹1,427.00 per share
Issue Price (Upper)	₹463.00 per share	₹1,503.00 per share
Issue Price (Final)	₹463.00 per share	₹1,503.00 per share
Discount (Retail)
Discount (Employee)	₹44.00 per share
Market Lot Size	32 shares	9 shares
Fresh Issue Size	2,69,97,840 shares	2,39,52,095 shares
Fresh Issue Size (Amount)	up to ₹1,250.00 Cr	up to ₹3,600.00 Cr
OFS Issue Size	9,02,80,778 shares	48,00,000 shares
OFS Issue Size (Amount)	up to ₹4,180.00 Cr	up to ₹721.44 Cr
Issue Size Total	11,72,78,618 shares	2,87,52,095 shares
Issue Size Total (Amount)	up to ₹5,430.00 Cr	up to ₹4,321.44 Cr

IPO Timetable

Afcons Infrastructure IPO opens on Oct 25, 2024, while Waaree Energies IPO opens on Oct 21, 2024. The closing date of Afcons Infrastructure IPO and Waaree Energies IPO is Oct 29, 2024, and Oct 23, 2024, respectively.

	Afcons Infrastructure IPO	Waaree Energies IPO
Anchor Bid Date	Oct 24, 2024	Oct 18, 2024
Issue Open	Oct 25, 2024	Oct 21, 2024
Issue Close	Oct 29, 2024	Oct 23, 2024
Basis Of Allotment (Tentative)	Oct 30, 2024	Oct 24, 2024
Initiation of Refunds (Tentative)	Oct 31, 2024	Oct 25, 2024
Credit of Share (Tentative)	Oct 31, 2024	Oct 25, 2024
Listing date (Tentative)	Nov 04, 2024	Oct 28, 2024
Anchor Lockin End date 1	Nov 29, 2024	Nov 22, 2024
Anchor Lockin End date 2	Jan 28, 2025	Jan 21, 2025

Financials

Afcons Infrastructure IPO P/E ratio is 35.08, as compared to Waaree Energies IPO P/E ratio of 30.87.

Afcons Infrastructure IPO

Waaree Energies IPO

Financial

Afcons Infrastructure Limited Financial Information (Restated Consolidated)

Afcons Infrastructure Limited's revenue increased by 6% and profit after tax (PAT) rose by 9% 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	17,184.58	16,233.64	14,301.25	12,973.77
Revenue	3,213.47	13,646.88	12,844.09	11,269.55
Profit After Tax	91.59	449.76	410.86	357.61
Net Worth	3,662.25	3,575.05	3,155.06	2,691.03
Reserves and Surplus	3,342.52	3,255.22	2,653.75	2,190.11
Total Borrowing	3,365.1	2,455	1,562.82	1,555.2
Amount in ₹ Crore

Waaree Energies Limited Financial Information (Restated Consolidated)

Waaree Energies Limited's revenue increased by 69.56% and profit after tax (PAT) rose by 154.73% 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	11,989.48	11,313.73	7,419.92	2,237.40
Revenue	3,496.41	11,632.76	6,860.36	2,945.85
Profit After Tax	401.13	1,274.38	500.28	79.65
Net Worth	4,471.71	4,074.84	1,826.02	427.13
Reserves and Surplus	4,221.69	3,825.00	1,594.92	230.43
Total Borrowing	261.24	317.32	273.48	313.08
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

99.48%

71.80%

Promoter Shareholding (Post-Issue)

67.16%

64.30%

P/E Ratio

35.08

30.87

Market Cap

₹17026.18 Cr.

₹42939.36 Cr.

ROE

10.55%%

8.79%%

ROCE

14.89%%

9.45%%

Debt/Equity

0.91

0.06

EPS

₹13.20

₹48.69

RoNW

2.50%%

8.81%%

Shares Offered

In the Afcons Infrastructure IPO retail investors (RII) are offered 4,08,58,531 shares while in Waaree Energies IPO retail investors are offered 4,08,58,531 shares. Qualified institutional buyers (QIB) are offered 2,33,47,732 shares in Afcons Infrastructure IPO and 56,63,925 shares in Waaree Energies IPO.

	Afcons Infrastructure IPO	Waaree Energies IPO
Anchor Investor Reserveration	3,50,21,597 shares	84,95,887 shares
Market Maker Reserveration
QIB	2,33,47,732 shares	56,63,925 shares
NII	1,75,10,799 shares	42,47,945 shares
RII	4,08,58,531 shares	99,11,869 shares
Employee	5,96,659 shares	4,32,468 shares
Others
Total	8,23,13,721 shares	2,02,56,207 shares

Bids Received (Subscription)

Afcons Infrastructure IPO subscribed 2.77x in total, whereas Waaree Energies IPO subscribed 79.44x.

	Afcons Infrastructure IPO	Waaree Energies IPO
QIB (times)	3.99x	215.03x
NII (times)	5.31x	65.25x
Big NII (times)	6.63x	71.32x
Small NII (times)	2.67x	53.10x
RII (times)	0.99x	11.27x
Employee (times)	1.77x	5.45x
Other (times)
Total (times)	2.77x	79.44x

Compare with others

Afcons Infrastructure IPO	Waaree Energies IPO
Swiggy IPO	Sagility India IPO
Godavari Biorefineries IPO	ACME Solar Holdings IPO
Deepak Builders & Engineers IPO	Swiggy IPO
Waaree Energies IPO	Godavari Biorefineries IPO
Garuda Construction and Engineering IPO	Deepak Builders & Engineers IPO
Hyundai Motor IPO	Garuda Construction and Engineering IPO
Diffusion Engineers IPO	Afcons Infrastructure IPO
Manba Finance IPO	Hyundai Motor IPO
KRN Heat Exchanger IPO	Diffusion Engineers IPO
Northern Arc Capital IPO	Manba Finance IPO

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