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Global Surfaces IPO vs Tata Technologies IPO

Comparision between Global Surfaces IPO and Tata Technologies IPO.

IPO Details

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

  Global Surfaces IPO Tata Technologies IPO
Logo Global Surfaces IPO Logo Tata 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 Jm Financial Limited

Citigroup Global Markets India Private Limited

Bofa Securities India Limited
Registrar Bigshare Services Pvt Ltd Link Intime India Private 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 Tata Technologies IPO is up to ₹3,042.51 Cr. The final issue price of Global Surfaces IPO is ₹140.00 per share and of Tata Technologies IPO is ₹500.00 per share.

  Global Surfaces IPO Tata Technologies IPO
Face Value ₹10 per share ₹2 per share
Issue Price (Lower) ₹133.00 per share ₹475.00 per share
Issue Price (Upper) ₹140.00 per share ₹500.00 per share
Issue Price (Final) ₹140.00 per share ₹500.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 100 shares 30 shares
Fresh Issue Size 85,20,000 shares
Fresh Issue Size (Amount) up to ₹119.28 Cr
OFS Issue Size 25,50,000 shares 6,08,50,278 shares
OFS Issue Size (Amount) up to ₹35.70 Cr up to ₹3,042.51 Cr
Issue Size Total 1,10,70,000 shares 6,08,50,278 shares
Issue Size Total (Amount) up to ₹154.98 Cr up to ₹3,042.51 Cr

IPO Timetable

Global Surfaces IPO opens on Mar 13, 2023, while Tata Technologies IPO opens on Nov 22, 2023. The closing date of Global Surfaces IPO and Tata Technologies IPO is Mar 15, 2023, and Nov 24, 2023, respectively.

  Global Surfaces IPO Tata Technologies IPO
Anchor Bid Date Mar 10, 2023 Nov 21, 2023
Issue Open Mar 13, 2023 Nov 22, 2023
Issue Close Mar 15, 2023 Nov 24, 2023
Basis Of Allotment (Tentative) Mar 20, 2023 Nov 28, 2023
Initiation of Refunds (Tentative) Mar 21, 2023 Nov 29, 2023
Credit of Share (Tentative) Mar 22, 2023 Nov 29, 2023
Listing date (Tentative) Mar 23, 2023 Nov 30, 2023
Anchor Lockin End date 1 Apr 19, 2023 Dec 28, 2023
Anchor Lockin End date 2 Jun 18, 2023 Feb 26, 2024

Financials

Global Surfaces IPO P/E ratio is 21.84, as compared to Tata Technologies IPO P/E ratio of 32.53.

  Global Surfaces IPO Tata Technologies IPO
Financial
Global Surfaces Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20128.73165.7820.9664.4858.0353.49
31-Mar-21159.00179.0033.9398.4391.9837.46
31-Mar-22236.48198.3635.63134.04100.1737.28
30-Sep-22280.2099.2513.59148.93115.0750.52
Amount in ₹ Crore

Tata Technologies Limited Financial Information (Restated Consolidated)

Tata Technologies Limited's revenue increased by 25.81% and profit after tax (PAT) rose by 42.8% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,142.425,201.494,218.003,572.74
Revenue2,587.424,501.933,578.382,425.74
Profit After Tax351.90624.04436.99239.17
Net Worth2,853.132,989.472,280.162,142.15
Reserves and Surplus2,455.292,605.602,028.931,897.46
Total Borrowing
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 99.35% 66.79%
Promoter Shareholding (Post-Issue) 55.39%
P/E Ratio 21.84 32.53
Market Cap ₹593.35 Cr. ₹20283.43 Cr.
ROE
ROCE
Debt/Equity
EPS ₹15.37
RoNW 20.87%%

Shares Offered

In the Global Surfaces IPO retail investors (RII) are offered 38,74,500 shares while in Tata 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 1,05,47,382 shares in Tata Technologies IPO.

  Global Surfaces IPO Tata Technologies IPO
Anchor Investor Reserveration 33,21,000 shares 1,58,21,071 shares
Market Maker Reserveration
QIB 22,14,000 shares 1,05,47,382 shares
NII 16,60,500 shares 79,10,537 shares
RII 38,74,500 shares 1,84,57,919 shares
Employee 0 shares 20,28,342 shares
Others
Total 77,49,000 shares 4,50,29,207 shares

Bids Received (Subscription)

Global Surfaces IPO subscribed 12.21x in total, whereas Tata Technologies IPO subscribed 69.43x.

  Global Surfaces IPO Tata Technologies IPO
QIB (times) 8.95x 203.41x
NII (times) 33.10x 62.11x
Big NII (times) 35.00x 70.67x
Small NII (times) 29.29x 44.98x
RII (times) 5.12x 16.50x
Employee (times) 3.70x
Other (times) 29.20x
Total (times) 12.21x 69.43x

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