Divgi TorqTransfer Systems IPO vs Global Surfaces IPO

Comparision between Divgi TorqTransfer Systems IPO and Global Surfaces IPO.

IPO Details

Divgi TorqTransfer Systems 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.

	Divgi TorqTransfer Systems 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	Inga Ventures Pvt Ltd Equirus Capital Private Limited	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 Divgi TorqTransfer Systems IPO is up to ₹412.12 Cr whereas the issue size of the Global Surfaces IPO is up to ₹154.98 Cr. The final issue price of Divgi TorqTransfer Systems IPO is ₹590.00 per share and of Global Surfaces IPO is ₹140.00 per share.

	Divgi TorqTransfer Systems IPO	Global Surfaces IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹560.00 per share	₹133.00 per share
Issue Price (Upper)	₹590.00 per share	₹140.00 per share
Issue Price (Final)	₹590.00 per share	₹140.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	25 shares	100 shares
Fresh Issue Size		85,20,000 shares
Fresh Issue Size (Amount)	up to ₹180.00 Cr	up to ₹119.28 Cr
OFS Issue Size	39,34,243 shares	25,50,000 shares
OFS Issue Size (Amount)	up to ₹232.12 Cr	up to ₹35.70 Cr
Issue Size Total		1,10,70,000 shares
Issue Size Total (Amount)	up to ₹412.12 Cr	up to ₹154.98 Cr

IPO Timetable

Divgi TorqTransfer Systems IPO opens on Mar 01, 2023, while Global Surfaces IPO opens on Mar 13, 2023. The closing date of Divgi TorqTransfer Systems IPO and Global Surfaces IPO is Mar 03, 2023, and Mar 15, 2023, respectively.

	Divgi TorqTransfer Systems IPO	Global Surfaces IPO
Anchor Bid Date	Feb 28, 2023	Mar 10, 2023
Issue Open	Mar 01, 2023	Mar 13, 2023
Issue Close	Mar 03, 2023	Mar 15, 2023
Basis Of Allotment (Tentative)	Mar 09, 2023	Mar 20, 2023
Initiation of Refunds (Tentative)	Mar 10, 2023	Mar 21, 2023
Credit of Share (Tentative)	Mar 13, 2023	Mar 22, 2023
Listing date (Tentative)	Mar 14, 2023	Mar 23, 2023
Anchor Lockin End date 1	Apr 08, 2023	Apr 19, 2023
Anchor Lockin End date 2	Jun 07, 2023	Jun 18, 2023

Financials

Divgi TorqTransfer Systems IPO P/E ratio is 35.16, as compared to Global Surfaces IPO P/E ratio of 21.84.

Divgi TorqTransfer Systems IPO

Global Surfaces IPO

Financial

Divgi TorqTransfer Systems Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	303.70	170.74	28.04	209.53	203.51	50.41
31-Mar-21	362.88	195.03	38.04	295.88	288.99	0.26
31-Mar-22	405.37	241.87	46.15	340.02	326.25	0.12
30-Sep-22	430.21	137.55	25.66	356.20	342.44	0.50
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)

67.18%

99.35%

Promoter Shareholding (Post-Issue)

P/E Ratio

35.16

21.84

Market Cap

₹1804.39 Cr.

₹593.35 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Divgi TorqTransfer Systems IPO retail investors (RII) are offered 6,98,509 shares while in Global Surfaces IPO retail investors are offered 6,98,509 shares. Qualified institutional buyers (QIB) are offered 20,95,528 shares in Divgi TorqTransfer Systems IPO and 22,14,000 shares in Global Surfaces IPO.

	Divgi TorqTransfer Systems IPO	Global Surfaces IPO
Anchor Investor Reserveration	31,43,290 shares	33,21,000 shares
Market Maker Reserveration
QIB	20,95,528 shares	22,14,000 shares
NII	10,47,763 shares	16,60,500 shares
RII	6,98,509 shares	38,74,500 shares
Employee	0 shares	0 shares
Others
Total	38,41,800 shares	77,49,000 shares

Bids Received (Subscription)

Divgi TorqTransfer Systems IPO subscribed 5.44x in total, whereas Global Surfaces IPO subscribed 12.21x.

	Divgi TorqTransfer Systems IPO	Global Surfaces IPO
QIB (times)	7.83x	8.95x
NII (times)	1.40x	33.10x
Big NII (times)	0.89x	35.00x
Small NII (times)	2.41x	29.29x
RII (times)	4.31x	5.12x
Employee (times)
Other (times)
Total (times)	5.44x	12.21x

Compare with others

Divgi TorqTransfer Systems IPO	Global Surfaces IPO
Nexus Select Trust REIT	Tata Technologies IPO
Mankind Pharma IPO	Nexus Select Trust REIT
Avalon Technologies IPO	Mankind Pharma IPO
Udayshivakumar Infra IPO	Avalon Technologies IPO
Global Surfaces IPO	Udayshivakumar Infra 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	KFin Technologies IPO
Sah Polymers IPO	Abans Holdings IPO

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