Global Surfaces IPO vs Mankind Pharma IPO

Comparision between Global Surfaces IPO and Mankind Pharma IPO.

IPO Details

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

	Global Surfaces IPO	Mankind Pharma 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	Kotak Mahindra Capital Company Limited Axis Capital Limited Iifl Securities Ltd Jefferies India Private Limited J.P. Morgan India Private Limited
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
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 Mankind Pharma IPO is up to ₹4,326.36 Cr. The final issue price of Global Surfaces IPO is ₹140.00 per share and of Mankind Pharma IPO is ₹1,080.00 per share.

	Global Surfaces IPO	Mankind Pharma IPO
Face Value	₹10 per share	₹1 per share
Issue Price (Lower)	₹133.00 per share	₹1,026.00 per share
Issue Price (Upper)	₹140.00 per share	₹1,080.00 per share
Issue Price (Final)	₹140.00 per share	₹1,080.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	100 shares	13 shares
Fresh Issue Size	85,20,000 shares
Fresh Issue Size (Amount)	up to ₹119.28 Cr
OFS Issue Size	25,50,000 shares	4,00,58,844 shares
OFS Issue Size (Amount)	up to ₹35.70 Cr	up to ₹4,326.36 Cr
Issue Size Total	1,10,70,000 shares	4,00,58,844 shares
Issue Size Total (Amount)	up to ₹154.98 Cr	up to ₹4,326.36 Cr

IPO Timetable

Global Surfaces IPO opens on Mar 13, 2023, while Mankind Pharma IPO opens on Apr 25, 2023. The closing date of Global Surfaces IPO and Mankind Pharma IPO is Mar 15, 2023, and Apr 27, 2023, respectively.

	Global Surfaces IPO	Mankind Pharma IPO
Anchor Bid Date	Mar 10, 2023	Apr 24, 2023
Issue Open	Mar 13, 2023	Apr 25, 2023
Issue Close	Mar 15, 2023	Apr 27, 2023
Basis Of Allotment (Tentative)	Mar 20, 2023	May 03, 2023
Initiation of Refunds (Tentative)	Mar 21, 2023	May 04, 2023
Credit of Share (Tentative)	Mar 22, 2023	May 05, 2023
Listing date (Tentative)	Mar 23, 2023	May 09, 2023
Anchor Lockin End date 1	Apr 19, 2023	Jun 02, 2023
Anchor Lockin End date 2	Jun 18, 2023	Aug 01, 2023

Financials

Global Surfaces IPO P/E ratio is 21.84, as compared to Mankind Pharma IPO P/E ratio of 32.5.

Global Surfaces IPO

Mankind Pharma 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

Mankind Pharma Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	5,073.29	5,975.65	1,056.15	3,485.31	3,436.34	126.92
31-Mar-21	6,372.63	6,385.38	1,293.03	4,722.00	4,674.39	234.53
31-Dec-21	8,043.88	6,218.29	1,260.24	5,965.46	5,916.86	268.70
31-Mar-22	9,147.74	7,977.58	1,452.96	6,155.23	6,106.06	868.03
31-Dec-22	9,273.75	6,777.82	1,015.98	7,145.89	7,094.12	167.93
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

99.35%

79.00%

Promoter Shareholding (Post-Issue)

76.50%

P/E Ratio

21.84

32.5

Market Cap

₹593.35 Cr.

₹43263.60 Cr.

ROE

27.60%%

ROCE

26.10%%

Debt/Equity

EPS

₹33.20

RoNW

27.70%%

Shares Offered

In the Global Surfaces IPO retail investors (RII) are offered 38,74,500 shares while in Mankind Pharma IPO retail investors are offered 38,74,500 shares. Qualified institutional buyers (QIB) are offered 22,14,000 shares in Global Surfaces IPO and 80,11,769 shares in Mankind Pharma IPO.

	Global Surfaces IPO	Mankind Pharma IPO
Anchor Investor Reserveration	33,21,000 shares	1,20,17,652 shares
Market Maker Reserveration
QIB	22,14,000 shares	80,11,769 shares
NII	16,60,500 shares	60,08,827 shares
RII	38,74,500 shares	1,40,20,596 shares
Employee	0 shares	0 shares
Others
Total	77,49,000 shares	2,80,41,192 shares

Bids Received (Subscription)

Global Surfaces IPO subscribed 12.21x in total, whereas Mankind Pharma IPO subscribed 15.32x.

	Global Surfaces IPO	Mankind Pharma IPO
QIB (times)	8.95x	49.16x
NII (times)	33.10x	3.80x
Big NII (times)	35.00x	4.99x
Small NII (times)	29.29x	1.41x
RII (times)	5.12x	0.92x
Employee (times)
Other (times)
Total (times)	12.21x	15.32x

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Avalon Technologies IPO	Tata Technologies IPO
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Divgi TorqTransfer Systems IPO	Avalon Technologies IPO
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Radiant Cash Management IPO	Global Surfaces IPO
KFin Technologies IPO	Divgi TorqTransfer Systems IPO
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