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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 Durlax Top Surface IPO Logo 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 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

Akiko Global Services Limited Financial Information (Restated)

Period Ended31 Jan 202431 Mar 202331 Mar 202231 Mar 2021
Assets1,794.911,130.87405.67234.88
Revenue2,609.763,958.971,353.31610.78
Profit After Tax321.48453.2677.8522.98
Net Worth1,403.37578.40123.1445.29
Reserves and Surplus626.57574.40121.1443.29
Total Borrowing122.0595.8926.1349.62
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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