Global Surfaces IPO vs KFin Technologies IPO

Comparision between Global Surfaces IPO and KFin Technologies IPO.

IPO Details

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

	Global Surfaces IPO	KFin Technologies 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	Unistone Capital Pvt Ltd	ICICI Securities Limited Kotak Mahindra Capital Company Limited J.P. Morgan India Private Limited Iifl Securities Ltd Jefferies India Private Limited
Registrar	Bigshare Services Pvt 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 Global Surfaces IPO is up to ₹154.98 Cr whereas the issue size of the KFin Technologies IPO is up to ₹1,500.00 Cr. The final issue price of Global Surfaces IPO is ₹140.00 per share and of KFin Technologies IPO is ₹366.00 per share.

	Global Surfaces IPO	KFin Technologies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹133.00 per share	₹347.00 per share
Issue Price (Upper)	₹140.00 per share	₹366.00 per share
Issue Price (Final)	₹140.00 per share	₹366.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	100 shares	40 shares
Fresh Issue Size	85,20,000 shares
Fresh Issue Size (Amount)	up to ₹119.28 Cr
OFS Issue Size	25,50,000 shares	4,09,83,607 shares
OFS Issue Size (Amount)	up to ₹35.70 Cr	up to ₹1,500.00 Cr
Issue Size Total	1,10,70,000 shares	4,09,83,607 shares
Issue Size Total (Amount)	up to ₹154.98 Cr	up to ₹1,500.00 Cr

IPO Timetable

Global Surfaces IPO opens on Mar 13, 2023, while KFin Technologies IPO opens on Dec 19, 2022. The closing date of Global Surfaces IPO and KFin Technologies IPO is Mar 15, 2023, and Dec 21, 2022, respectively.

	Global Surfaces IPO	KFin Technologies IPO
Anchor Bid Date	Mar 10, 2023	Dec 16, 2022
Issue Open	Mar 13, 2023	Dec 19, 2022
Issue Close	Mar 15, 2023	Dec 21, 2022
Basis Of Allotment (Tentative)	Mar 20, 2023	Dec 26, 2022
Initiation of Refunds (Tentative)	Mar 21, 2023	Dec 27, 2022
Credit of Share (Tentative)	Mar 22, 2023	Dec 28, 2022
Listing date (Tentative)	Mar 23, 2023	Dec 29, 2022
Anchor Lockin End date 1	Apr 19, 2023	Jan 25, 2023
Anchor Lockin End date 2	Jun 18, 2023	Mar 26, 2023

Financials

Global Surfaces IPO P/E ratio is 21.84, as compared to KFin Technologies IPO P/E ratio of 35.92.

Global Surfaces IPO

KFin Technologies IPO

Financial

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

KFin Technologies Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-19	1021.78	164.76	8.96	519.28	406.01
31-Mar-20	868.38	455.26	4.52	409.58	375.44
31-Mar-21	922.61	486.2	-64.51	346.4	346.13
30-Sep-21	973.26	293.43	67.8	269.95	321.44
31-Mar-22	1026.41	645.56	148.55	644.34	122.51
30-Sep-22	1114.81	353.76	85.34	736.72	126.24
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

99.35%

74.37%

Promoter Shareholding (Post-Issue)

49.91%

P/E Ratio

21.84

35.92

Market Cap

₹593.35 Cr.

₹6133.02 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Global Surfaces IPO retail investors (RII) are offered 38,74,500 shares while in KFin Technologies IPO retail investors are offered 38,74,500 shares. Qualified institutional buyers (QIB) are offered 22,14,000 shares in Global Surfaces IPO and 1,29,68,300 shares in KFin Technologies IPO.

	Global Surfaces IPO	KFin Technologies IPO
Anchor Investor Reserveration	33,21,000 shares	1,84,42,623 shares
Market Maker Reserveration
QIB	22,14,000 shares	1,29,68,300 shares
NII	16,60,500 shares	64,84,149 shares
RII	38,74,500 shares	43,22,766 shares
Employee	0 shares	0 shares
Others
Total	77,49,000 shares	2,37,75,215 shares

Bids Received (Subscription)

Global Surfaces IPO subscribed 12.21x in total, whereas KFin Technologies IPO subscribed 2.59x.

	Global Surfaces IPO	KFin Technologies IPO
QIB (times)	8.95x	4.17x
NII (times)	33.10x	0.23x
Big NII (times)	35.00x	0.25x
Small NII (times)	29.29x	0.20x
RII (times)	5.12x	1.36x
Employee (times)
Other (times)
Total (times)	12.21x	2.59x

Compare with others

Global Surfaces IPO	KFin Technologies IPO
Tata Technologies IPO	Udayshivakumar Infra IPO
Nexus Select Trust REIT	Global Surfaces IPO
Mankind Pharma IPO	Divgi TorqTransfer Systems IPO
Avalon Technologies IPO	Signatureglobal India IPO
Udayshivakumar Infra IPO	Radiant Cash Management IPO
Divgi TorqTransfer Systems IPO	Abans Holdings IPO
Signatureglobal India IPO	Sah Polymers IPO
Radiant Cash Management IPO	Elin Electronics IPO
KFin Technologies IPO	Sula Vineyards IPO
Abans Holdings IPO	Dharmaj Crop Guard IPO

Comments

Add a public comment...