Avalon Technologies IPO vs Global Surfaces IPO

Comparision between Avalon Technologies IPO and Global Surfaces IPO.

IPO Details

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

	Avalon Technologies IPO	Global Surfaces 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	Jm Financial Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Iifl Securities Ltd Nomura Financial Advisory And Securities (India) Pvt Ltd	Unistone Capital Pvt Ltd
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt 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 Avalon Technologies IPO is up to ₹865.00 Cr whereas the issue size of the Global Surfaces IPO is up to ₹154.98 Cr. The final issue price of Avalon Technologies IPO is ₹436.00 per share and of Global Surfaces IPO is ₹140.00 per share.

	Avalon Technologies IPO	Global Surfaces IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹415.00 per share	₹133.00 per share
Issue Price (Upper)	₹436.00 per share	₹140.00 per share
Issue Price (Final)	₹436.00 per share	₹140.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	34 shares	100 shares
Fresh Issue Size	73,39,450 shares	85,20,000 shares
Fresh Issue Size (Amount)	up to ₹320.00 Cr	up to ₹119.28 Cr
OFS Issue Size	1,25,00,000 shares	25,50,000 shares
OFS Issue Size (Amount)	up to ₹545.00 Cr	up to ₹35.70 Cr
Issue Size Total	1,98,39,450 shares	1,10,70,000 shares
Issue Size Total (Amount)	up to ₹865.00 Cr	up to ₹154.98 Cr

IPO Timetable

Avalon Technologies IPO opens on Apr 03, 2023, while Global Surfaces IPO opens on Mar 13, 2023. The closing date of Avalon Technologies IPO and Global Surfaces IPO is Apr 06, 2023, and Mar 15, 2023, respectively.

	Avalon Technologies IPO	Global Surfaces IPO
Anchor Bid Date	Mar 31, 2023	Mar 10, 2023
Issue Open	Apr 03, 2023	Mar 13, 2023
Issue Close	Apr 06, 2023	Mar 15, 2023
Basis Of Allotment (Tentative)	Apr 12, 2023	Mar 20, 2023
Initiation of Refunds (Tentative)	Apr 13, 2023	Mar 21, 2023
Credit of Share (Tentative)	Apr 17, 2023	Mar 22, 2023
Listing date (Tentative)	Apr 18, 2023	Mar 23, 2023
Anchor Lockin End date 1	May 12, 2023	Apr 19, 2023
Anchor Lockin End date 2	Jul 11, 2023	Jun 18, 2023

Financials

Avalon Technologies IPO P/E ratio is 55.54, as compared to Global Surfaces IPO P/E ratio of 21.84.

Avalon Technologies IPO

Global Surfaces IPO

Financial

Avalon Technologies Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Total Borrowing
31-Mar-20	449.65	653.15	12.33	248.48
31-Mar-21	512.48	695.90	23.08	295.33
31-Mar-22	587.96	851.65	68.16	294.05
Amount in ₹ Crore

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

Promoter Shareholding (Pre-Issue)

70.75%

99.35%

Promoter Shareholding (Post-Issue)

51.24%

P/E Ratio

55.54

21.84

Market Cap

₹2846.76 Cr.

₹593.35 Cr.

ROE

85.90%%

ROCE

27.40%%

Debt/Equity

3.64

EPS

RoNW

Shares Offered

In the Avalon Technologies IPO retail investors (RII) are offered 19,83,944 shares while in Global Surfaces IPO retail investors are offered 19,83,944 shares. Qualified institutional buyers (QIB) are offered 59,15,011 shares in Avalon Technologies IPO and 22,14,000 shares in Global Surfaces IPO.

	Avalon Technologies IPO	Global Surfaces IPO
Anchor Investor Reserveration	89,27,751 shares	33,21,000 shares
Market Maker Reserveration
QIB	59,15,011 shares	22,14,000 shares
NII	29,75,917 shares	16,60,500 shares
RII	19,83,944 shares	38,74,500 shares
Employee	0 shares	0 shares
Others
Total	1,08,44,186 shares	77,49,000 shares

Bids Received (Subscription)

Avalon Technologies IPO subscribed 2.34x in total, whereas Global Surfaces IPO subscribed 12.21x.

	Avalon Technologies IPO	Global Surfaces IPO
QIB (times)	3.77x	8.95x
NII (times)	0.43x	33.10x
Big NII (times)	0.44x	35.00x
Small NII (times)	0.41x	29.29x
RII (times)	0.88x	5.12x
Employee (times)
Other (times)
Total (times)	2.34x	12.21x

Compare with others

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

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