Global Surfaces IPO vs Udayshivakumar Infra IPO

Comparision between Global Surfaces IPO and Udayshivakumar Infra IPO.

IPO Details

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

	Global Surfaces IPO	Udayshivakumar Infra 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	Saffron Capital Advisors Private Limited
Registrar	Bigshare Services Pvt Ltd	Mas Services Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
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 Udayshivakumar Infra IPO is up to ₹66.00 Cr. The final issue price of Global Surfaces IPO is ₹140.00 per share and of Udayshivakumar Infra IPO is ₹35.00 per share.

	Global Surfaces IPO	Udayshivakumar Infra IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹133.00 per share	₹33.00 per share
Issue Price (Upper)	₹140.00 per share	₹35.00 per share
Issue Price (Final)	₹140.00 per share	₹35.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	100 shares	428 shares
Fresh Issue Size	85,20,000 shares	2,00,00,000 shares
Fresh Issue Size (Amount)	up to ₹119.28 Cr	up to ₹66.00 Cr
OFS Issue Size	25,50,000 shares
OFS Issue Size (Amount)	up to ₹35.70 Cr
Issue Size Total	1,10,70,000 shares	2,00,00,000 shares
Issue Size Total (Amount)	up to ₹154.98 Cr	up to ₹66.00 Cr

IPO Timetable

Global Surfaces IPO opens on Mar 13, 2023, while Udayshivakumar Infra IPO opens on Mar 20, 2023. The closing date of Global Surfaces IPO and Udayshivakumar Infra IPO is Mar 15, 2023, and Mar 23, 2023, respectively.

	Global Surfaces IPO	Udayshivakumar Infra IPO
Anchor Bid Date	Mar 10, 2023	Mar 17, 2023
Issue Open	Mar 13, 2023	Mar 20, 2023
Issue Close	Mar 15, 2023	Mar 23, 2023
Basis Of Allotment (Tentative)	Mar 20, 2023	Mar 28, 2023
Initiation of Refunds (Tentative)	Mar 21, 2023	Mar 29, 2023
Credit of Share (Tentative)	Mar 22, 2023	Mar 31, 2023
Listing date (Tentative)	Mar 23, 2023	Apr 03, 2023
Anchor Lockin End date 1	Apr 19, 2023	Apr 27, 2023
Anchor Lockin End date 2	Jun 18, 2023	Jun 26, 2023

Financials

Global Surfaces IPO P/E ratio is 21.84, as compared to Udayshivakumar Infra IPO P/E ratio of 9.67.

Global Surfaces IPO

Udayshivakumar Infra 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

Udayshivakumar Infra Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	158.26	194.41	10.49	46.87	33.95
31-Mar-21	146.82	211.11	9.32	56.18	30.60
31-Mar-22	162.61	186.39	12.15	68.32	26.48
30-Sep-22	178.90	107.14	10.02	78.34	39.46
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

99.35%

100.00%

Promoter Shareholding (Post-Issue)

65.9%

P/E Ratio

21.84

9.67

Market Cap

₹593.35 Cr.

₹193.75 Cr.

ROE

17.80%%

ROCE

20.71%%

Debt/Equity

0.16

EPS

RoNW

Shares Offered

In the Global Surfaces IPO retail investors (RII) are offered 38,74,500 shares while in Udayshivakumar Infra IPO retail investors are offered 38,74,500 shares. Qualified institutional buyers (QIB) are offered 22,14,000 shares in Global Surfaces IPO and 18,85,715 shares in Udayshivakumar Infra IPO.

	Global Surfaces IPO	Udayshivakumar Infra IPO
Anchor Investor Reserveration	33,21,000 shares
Market Maker Reserveration
QIB	22,14,000 shares	18,85,715 shares
NII	16,60,500 shares	56,57,142 shares
RII	38,74,500 shares	1,13,14,285 shares
Employee	0 shares	0 shares
Others
Total	77,49,000 shares	1,88,57,142 shares

Bids Received (Subscription)

Global Surfaces IPO subscribed 12.21x in total, whereas Udayshivakumar Infra IPO subscribed 32.49x.

	Global Surfaces IPO	Udayshivakumar Infra IPO
QIB (times)	8.95x	42.92x
NII (times)	33.10x	64.08x
Big NII (times)	35.00x	63.54x
Small NII (times)	29.29x	65.14x
RII (times)	5.12x	14.95x
Employee (times)
Other (times)
Total (times)	12.21x	32.49x

Compare with others

Global Surfaces IPO	Udayshivakumar Infra IPO
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Avalon Technologies IPO	Mankind Pharma IPO
Udayshivakumar Infra IPO	Avalon Technologies IPO
Divgi TorqTransfer Systems IPO	Global Surfaces 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

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