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Durlax Top Surface IPO vs Winny Immigration IPO

Comparision between Durlax Top Surface IPO and Winny Immigration IPO.

IPO Details

Durlax Top Surface IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Winny Immigration IPO is a SME Fixed Price Issue proposed to list at NSE SME.

  Durlax Top Surface IPO Winny Immigration IPO
Logo Durlax Top Surface IPO Logo Winny Immigration IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Fixed Price Issue
Listing At NSE SME NSE SME
Lead Managers Expert Global Consultants Private Limited Interactive Financial Services Ltd
Registrar Bigshare Services Pvt Ltd Bigshare Services Pvt Ltd
Market Maker Globalworth Securities Limited Aftertrade Broking Pvt Ltd
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 Durlax Top Surface IPO is up to ₹40.80 Cr whereas the issue size of the Winny Immigration IPO is up to ₹9.13 Cr. The final issue price of Durlax Top Surface IPO is ₹68.00 per share and of Winny Immigration IPO is ₹140.00 per share.

  Durlax Top Surface IPO Winny Immigration IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹65.00 per share
Issue Price (Upper) ₹68.00 per share
Issue Price (Final) ₹68.00 per share ₹140.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 1000 shares
Fresh Issue Size 42,00,000 shares 6,52,000 shares
Fresh Issue Size (Amount) up to ₹28.56 Cr up to ₹9.13 Cr
OFS Issue Size 18,00,000 shares
OFS Issue Size (Amount) up to ₹12.24 Cr
Issue Size Total 60,00,000 shares 6,52,000 shares
Issue Size Total (Amount) up to ₹40.80 Cr up to ₹9.13 Cr

IPO Timetable

Durlax Top Surface IPO opens on Jun 19, 2024, while Winny Immigration IPO opens on Jun 20, 2024. The closing date of Durlax Top Surface IPO and Winny Immigration IPO is Jun 21, 2024, and Jun 24, 2024, respectively.

  Durlax Top Surface IPO Winny Immigration IPO
Anchor Bid Date Jun 18, 2024
Issue Open Jun 19, 2024 Jun 20, 2024
Issue Close Jun 21, 2024 Jun 24, 2024
Basis Of Allotment (Tentative) Jun 24, 2024 Jun 25, 2024
Initiation of Refunds (Tentative) Jun 25, 2024 Jun 26, 2024
Credit of Share (Tentative) Jun 25, 2024 Jun 26, 2024
Listing date (Tentative) Jun 26, 2024 Jun 27, 2024
Anchor Lockin End date 1 Jul 24, 2024
Anchor Lockin End date 2 Sep 22, 2024

Financials

Durlax Top Surface IPO P/E ratio is 16.73, as compared to Winny Immigration IPO P/E ratio of 54.12.

  Durlax Top Surface IPO Winny Immigration IPO
Financial

Durlax Top Surface Limited Financial Information (Restated)

Durlax Top Surface Limited's revenue increased by 35.9% and profit after tax (PAT) rose by 141.15% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets10,553.507,673.027,168.11
Revenue9,083.936,684.204,741.81
Profit After Tax505.07209.4448.42
Net Worth2,184.381,671.211,292.27
Reserves and Surplus941.61431.141,277.29
Total Borrowing6,070.713,690.933,929.82
Amount in ₹ Lakhs

Winny Immigration and Education Services Ltd Financial Information (Restated)

Winny Immigration and Education Services Ltd's revenue decreased by -8% and profit after tax (PAT) dropped by -72.86% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets542.84541.93276.26
Revenue1,102.121,197.911,004.07
Profit After Tax39.27144.71127.63
Net Worth230.72191.4646.75
Reserves and Surplus78.92188.1643.45
Total Borrowing206.84232.02127.91
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 95.44% 83.63%
Promoter Shareholding (Post-Issue) 60.35% 58.51%
P/E Ratio 16.73 54.12
Market Cap ₹113.07 Cr. ₹30.38 Cr.
ROE 26.20%% 18.60%%
ROCE 20.20%% 15.74%%
Debt/Equity 2.78 0.9
EPS ₹4.06 ₹2.59
RoNW 23.12%% 17.02%%

Shares Offered

In the Durlax Top Surface IPO retail investors (RII) are offered 20,00,000 shares while in Winny Immigration IPO retail investors are offered 20,00,000 shares. Qualified institutional buyers (QIB) are offered 22,52,000 shares in Durlax Top Surface IPO and 0 shares in Winny Immigration IPO.

  Durlax Top Surface IPO Winny Immigration IPO
Anchor Investor Reserveration 5,92,000 shares
Market Maker Reserveration 3,00,000 shares 34,000 shares
QIB 22,52,000 shares 0 shares
NII 8,56,000 shares 3,09,000 shares
RII 20,00,000 shares 3,09,000 shares
Employee 0 shares 0 shares
Others
Total 51,08,000 shares 6,18,000 shares

Bids Received (Subscription)

Durlax Top Surface IPO subscribed 166.79x in total, whereas Winny Immigration IPO subscribed 154.67x.

  Durlax Top Surface IPO Winny Immigration IPO
QIB (times) 48.29x
NII (times) 415.06x 109.65x
Big NII (times)
Small NII (times)
RII (times) 193.95x 190.66x
Employee (times)
Other (times)
Total (times) 166.79x 154.67x

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