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Durlax Top Surface IPO vs GPES Solar IPO

Comparision between Durlax Top Surface IPO and GPES Solar IPO.

IPO Details

Durlax Top Surface IPO is a SME Book Built Issue IPO proposed to list at NSE SME while GPES Solar IPO is a SME Book Built Issue proposed to list at NSE SME.

  Durlax Top Surface IPO GPES Solar IPO
Logo Durlax Top Surface IPO Logo GPES Solar 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 Corporate Capitalventures Pvt Ltd
Registrar Bigshare Services Pvt Ltd Bigshare Services Pvt Ltd
Market Maker Globalworth Securities Limited Ss Corporate Securities 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 GPES Solar IPO is up to ₹30.79 Cr. The final issue price of Durlax Top Surface IPO is ₹68.00 per share and of GPES Solar IPO is ₹94.00 per share.

  Durlax Top Surface IPO GPES Solar IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹65.00 per share ₹90.00 per share
Issue Price (Upper) ₹68.00 per share ₹94.00 per share
Issue Price (Final) ₹68.00 per share ₹94.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 1200 shares
Fresh Issue Size 42,00,000 shares 32,76,000 shares
Fresh Issue Size (Amount) up to ₹28.56 Cr up to ₹30.79 Cr
OFS Issue Size 18,00,000 shares
OFS Issue Size (Amount) up to ₹12.24 Cr
Issue Size Total 60,00,000 shares 32,76,000 shares
Issue Size Total (Amount) up to ₹40.80 Cr up to ₹30.79 Cr

IPO Timetable

Durlax Top Surface IPO opens on Jun 19, 2024, while GPES Solar IPO opens on Jun 14, 2024. The closing date of Durlax Top Surface IPO and GPES Solar IPO is Jun 21, 2024, and Jun 19, 2024, respectively.

  Durlax Top Surface IPO GPES Solar IPO
Anchor Bid Date Jun 18, 2024 Jun 13, 2024
Issue Open Jun 19, 2024 Jun 14, 2024
Issue Close Jun 21, 2024 Jun 19, 2024
Basis Of Allotment (Tentative) Jun 24, 2024 Jun 20, 2024
Initiation of Refunds (Tentative) Jun 25, 2024 Jun 21, 2024
Credit of Share (Tentative) Jun 25, 2024 Jun 21, 2024
Listing date (Tentative) Jun 26, 2024 Jun 24, 2024
Anchor Lockin End date 1 Jul 24, 2024 Jul 20, 2024
Anchor Lockin End date 2 Sep 22, 2024 Sep 18, 2024

Financials

Durlax Top Surface IPO P/E ratio is 16.73, as compared to GPES Solar IPO P/E ratio of 21.44.

  Durlax Top Surface IPO GPES Solar 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 Ended31 Mar 202431 Mar 202331 Mar 2022
Assets10,553.507,673.027,168.11
Revenue9,083.936,684.204,741.81
Profit After Tax505.07209.4448.42
Net Worth2,184.381,671.211,292.27
Reserves and Surplus941.61431.141,277.29
Total Borrowing6,070.713,690.933,929.82
Amount in ₹ Lakhs

GP Eco Solutions India Limited Financial Information (Restated)

GP Eco Solutions India Limited's revenue increased by 25.08% and profit after tax (PAT) rose by 33.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,728.754,715.191,904.891,429.81
Revenue7,858.8810,447.638,352.994,652.91
Profit After Tax473.27369.82277.1796.94
Net Worth1,298.08824.81454.98177.81
Reserves and Surplus578.08804.81434.98157.81
Total Borrowing1,544.791,316.52517.55351.37
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 95.44% 86.4%
Promoter Shareholding (Post-Issue) 60.35% 62.23%
P/E Ratio 16.73 21.44
Market Cap ₹113.07 Cr. ₹110.08 Cr.
ROE 26.20%% 44.59%%
ROCE 20.20%% 26.51%%
Debt/Equity 2.78 1.11
EPS ₹4.06 ₹4.38
RoNW 23.12%% 42.70%%

Shares Offered

In the Durlax Top Surface IPO retail investors (RII) are offered 20,00,000 shares while in GPES Solar 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 5,89,200 shares in GPES Solar IPO.

  Durlax Top Surface IPO GPES Solar IPO
Anchor Investor Reserveration 5,92,000 shares 8,83,200 shares
Market Maker Reserveration 3,00,000 shares 3,27,600 shares
QIB 22,52,000 shares 5,89,200 shares
NII 8,56,000 shares 4,44,000 shares
RII 20,00,000 shares 10,32,000 shares
Employee 0 shares 0 shares
Others
Total 51,08,000 shares 20,65,200 shares

Bids Received (Subscription)

Durlax Top Surface IPO subscribed 166.79x in total, whereas GPES Solar IPO subscribed 856.21x.

  Durlax Top Surface IPO GPES Solar IPO
QIB (times) 48.29x 236.64x
NII (times) 415.06x 1,824.87x
Big NII (times)
Small NII (times)
RII (times) 193.95x 793.20x
Employee (times)
Other (times)
Total (times) 166.79x 856.21x

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