Global Surfaces IPO vs Nexus Select Trust REIT

Comparision between Global Surfaces IPO and Nexus Select Trust REIT.

IPO Details

Global Surfaces IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Nexus Select Trust REIT is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Global Surfaces IPO	Nexus Select Trust REIT
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	REIT
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Unistone Capital Pvt Ltd	Bofa Securities India Limited Axis Capital Limited Citigroup Global Markets India Private Limited Hsbc Securities & Capital Markets Pvt Ltd Iifl Securities Ltd Jm Financial Limited J.P. Morgan India Private Limited Kotak Mahindra Capital Company Limited Morgan Stanley India Company Pvt Ltd SBI Capital Markets 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 Nexus Select Trust REIT is up to ₹3,200.00 Cr. The final issue price of Global Surfaces IPO is ₹140.00 per share and of Nexus Select Trust REIT is ₹100.00 per share.

	Global Surfaces IPO	Nexus Select Trust REIT
Face Value	₹10 per share
Issue Price (Lower)	₹133.00 per share	₹95.00 per share
Issue Price (Upper)	₹140.00 per share	₹100.00 per share
Issue Price (Final)	₹140.00 per share	₹100.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	100 shares	150 shares
Fresh Issue Size	85,20,000 shares
Fresh Issue Size (Amount)	up to ₹119.28 Cr	up to ₹1,400.00 Cr
OFS Issue Size	25,50,000 shares
OFS Issue Size (Amount)	up to ₹35.70 Cr	up to ₹1,800.00 Cr
Issue Size Total	1,10,70,000 shares
Issue Size Total (Amount)	up to ₹154.98 Cr	up to ₹3,200.00 Cr

IPO Timetable

Global Surfaces IPO opens on Mar 13, 2023, while Nexus Select Trust REIT opens on May 09, 2023. The closing date of Global Surfaces IPO and Nexus Select Trust REIT is Mar 15, 2023, and May 11, 2023, respectively.

	Global Surfaces IPO	Nexus Select Trust REIT
Anchor Bid Date	Mar 10, 2023	May 08, 2023
Issue Open	Mar 13, 2023	May 09, 2023
Issue Close	Mar 15, 2023	May 11, 2023
Basis Of Allotment (Tentative)	Mar 20, 2023	May 16, 2023
Initiation of Refunds (Tentative)	Mar 21, 2023	May 17, 2023
Credit of Share (Tentative)	Mar 22, 2023	May 18, 2023
Listing date (Tentative)	Mar 23, 2023	May 19, 2023
Anchor Lockin End date 1	Apr 19, 2023	Jun 15, 2023
Anchor Lockin End date 2	Jun 18, 2023	Aug 14, 2023

Financials

Global Surfaces IPO P/E ratio is 21.84, as compared to Nexus Select Trust REIT P/E ratio of .

Global Surfaces IPO

Nexus Select Trust REIT

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

Nexus Select Trust Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Reserves and Surplus	Total Borrowing
31-Mar-20	9,527.64	1,708.19	206.74	976.05	5,955.67
31-Mar-21	8,959.36	1,047.97	-199.11	340.89	6,281.38
31-Mar-22	9,089.77	1,398.52	-10.95	389.15	6,311.20
31-Dec-22	8,989.53	1,498.35	257.02	639.31	5,872.31
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

99.35%

Promoter Shareholding (Post-Issue)

P/E Ratio

21.84

Market Cap

₹593.35 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 Nexus Select Trust REIT retail investors are offered 38,74,500 shares. Qualified institutional buyers (QIB) are offered 22,14,000 shares in Global Surfaces IPO and 10,10,52,450 shares in Nexus Select Trust REIT.

	Global Surfaces IPO	Nexus Select Trust REIT
Anchor Investor Reserveration	33,21,000 shares	14,39,99,850 shares
Market Maker Reserveration
QIB	22,14,000 shares	10,10,52,450 shares
NII	16,60,500 shares	0 shares
RII	38,74,500 shares	0 shares
Employee	0 shares	0 shares
Others
Total	77,49,000 shares	18,52,63,050 shares

Bids Received (Subscription)

Global Surfaces IPO subscribed 12.21x in total, whereas Nexus Select Trust REIT subscribed 5.45x.

	Global Surfaces IPO	Nexus Select Trust REIT
QIB (times)	8.95x	4.81x
NII (times)	33.10x
Big NII (times)	35.00x
Small NII (times)	29.29x
RII (times)	5.12x
Employee (times)
Other (times)		6.23x
Total (times)	12.21x	5.45x

Compare with others

Global Surfaces IPO	Nexus Select Trust REIT
Tata Technologies IPO	Cyient DLM IPO
Nexus Select Trust REIT	ideaForge Technology IPO
Mankind Pharma IPO	HMA Agro Industries IPO
Avalon Technologies IPO	IKIO Lighting IPO
Udayshivakumar Infra IPO	Tata Technologies IPO
Divgi TorqTransfer Systems IPO	Mankind Pharma IPO
Signatureglobal India IPO	Avalon Technologies IPO
Radiant Cash Management IPO	Udayshivakumar Infra IPO
KFin Technologies IPO	Global Surfaces IPO
Abans Holdings IPO	Divgi TorqTransfer Systems IPO

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