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Balaji Phosphates IPO vs Sellowrap Industries IPO

Comparison between Balaji Phosphates IPO and Sellowrap Industries IPO.

IPO Details

Balaji Phosphates IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Sellowrap Industries IPO is a SME Bookbuilding proposed to list at NSE SME.

 Balaji Phosphates IPOSellowrap Industries IPO
LogoBalaji Phosphates IPO LogoSellowrap Industries IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersArihant Capital Markets Ltd.Gretex Corporate Services Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Purva Sharegistry (India) Pvt.Ltd.
Market MakerNNM Securities Pvt.Ltd.Gretex Share Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Balaji Phosphates IPO is up to ₹47.60 Cr whereas the issue size of the Sellowrap Industries IPO is up to ₹28.76 Cr. The final issue price of Balaji Phosphates IPO is ₹70.00 per share and of Sellowrap Industries IPO is ₹83.00 per share.

 Balaji Phosphates IPOSellowrap Industries IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹66.00 per share₹79.00 per share
Issue Price (Upper)₹70.00 per share₹83.00 per share
Issue Price (Final)₹70.00 per share₹83.00 per share
Discount (Retail)₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1600 shares
Fresh Issue Size55,82,000 shares34,65,600 shares
Fresh Issue Size (Amount)up to ₹39.07 Crup to ₹28.76 Cr
OFS Issue Size12,18,000 shares0 shares
OFS Issue Size (Amount)up to ₹8.53 Crup to ₹0.00 Cr
Issue Size Total68,00,000 shares34,65,600 shares
Issue Size Total (Amount)up to ₹47.60 Crup to ₹28.76 Cr

IPO Timetable

Balaji Phosphates IPO opens on Feb 28, 2025, while Sellowrap Industries IPO opens on Jul 25, 2025. The closing date of Balaji Phosphates IPO and Sellowrap Industries IPO is Mar 04, 2025, and Jul 29, 2025, respectively.

 Balaji Phosphates IPOSellowrap Industries IPO
Anchor Bid DateFeb 27, 2025Jul 24, 2025
Issue OpenFeb 28, 2025Jul 25, 2025
Issue CloseMar 04, 2025Jul 29, 2025
Basis Of Allotment (Tentative)Mar 05, 2025Jul 30, 2025
Initiation of Refunds (Tentative)Mar 06, 2025Jul 31, 2025
Credit of Share (Tentative)Mar 06, 2025Jul 31, 2025
Listing date (Tentative)Mar 07, 2025Aug 01, 2025
Anchor Lockin End date 1Apr 04, 2025Aug 29, 2025
Anchor Lockin End date 2Jun 03, 2025Oct 28, 2025

Financials & KPIs

Balaji Phosphates IPO P/E ratio is 20.67, as compared to Sellowrap Industries IPO P/E ratio of 8.4.

 Balaji Phosphates IPOSellowrap Industries IPO
Financials

Balaji Phosphates Limited Financial Information (Restated Consolidated)

Period Ended31 Aug 202431 Mar 202431 Mar 202331 Mar 2022
Assets95.2888.4896.8382.35
Total Income54.85151.68144.64124.12
Profit After Tax4.156.046.093.19
Net Worth39.153528.9722.86
Reserves and Surplus21.3117.1720.0516.92
Total Borrowing35.5833.2226.3219.88
Amount in ₹ Crore

Sellowrap Industries Ltd. Financial Information (Restated Consolidated)

Sellowrap Industries Ltd.'s revenue increased by 17% and profit after tax (PAT) rose by 68% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets143.0299.7992.82
Total Income163.31139.09133.43
Profit After Tax9.975.952.86
EBITDA22.3214.728.81
Net Worth46.9332.9627.02
Reserves and Surplus43.4330.0624.12
Total Borrowing38.0031.6930.02
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)10092.18
Promoter Shareholding (Post-Issue)69.9067.71
P/E Ratio20.678.4
Market Cap₹166.44 Cr.₹114.08 Cr.
ROE18.89%21.25%
ROCE16.7%18.86%
Debt/Equity0.950.81
EPS₹3.39₹9.88
RoNW17.26%21.44%

Shares Offered

In the Balaji Phosphates IPO Retail Individual Investors (RII) are offered 27,20,000 shares while in Sellowrap Industries IPO retail investors are offered 27,20,000 shares. Qualified Institutional Buyers (QIB) are offered 14,68,000 shares in Balaji Phosphates IPO and 6,91,200 shares in Sellowrap Industries IPO.

 Balaji Phosphates IPOSellowrap Industries IPO
Anchor Investor Reserveration5,72,000 shares10,35,200 shares
Market Maker Reserveration3,58,000 shares1,82,400 shares
QIB14,68,000 shares6,91,200 shares
NII20,40,000 shares5,23,200 shares
RII27,20,000 shares12,16,000 shares
Employee0 shares0 shares
Others
Total68,00,000 shares34,65,600 shares

Bids Received (Subscription)

Balaji Phosphates IPO subscribed 1.21x in total, whereas Sellowrap Industries IPO subscribed 65.09x.

 Balaji Phosphates IPOSellowrap Industries IPO
QIB (times)1.26x18.76x
NII (times)1.34x117.81x
Big NII (times)
Small NII (times)
RII (times)1.09x68.74x
Employee (times)
Other (times)
Total (times)1.21x65.09x