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Balaji Phosphates IPO vs Swasth Foodtech IPO

Comparison between Balaji Phosphates IPO and Swasth Foodtech IPO.

IPO Details

Balaji Phosphates IPO is a SME Fixed Price IPO proposed to list at NSE SME while Swasth Foodtech IPO is a SME Fixed Price proposed to list at BSE SME.

 Balaji Phosphates IPOSwasth Foodtech IPO
LogoBalaji Phosphates IPO LogoSwasth Foodtech IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersArihant Capital Markets Ltd.Horizon Management Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.MAS Services Ltd.
Market MakerNNM Securities Pvt.Ltd.Giriraj Stock Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor 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 Swasth Foodtech IPO is up to ₹14.17 Cr. The final issue price of Balaji Phosphates IPO is ₹70.00 per share and of Swasth Foodtech IPO is ₹94.00 per share.

 Balaji Phosphates IPOSwasth Foodtech IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹66.00 per share
Issue Price (Upper)₹70.00 per share
Issue Price (Final)₹70.00 per share₹94.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1200 shares
Fresh Issue Size55,82,000 shares15,07,200 shares
Fresh Issue Size (Amount)up to ₹39.07 Crup to ₹14.17 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 shares15,07,200 shares
Issue Size Total (Amount)up to ₹47.60 Crup to ₹14.17 Cr

IPO Timetable

Balaji Phosphates IPO opens on Feb 28, 2025, while Swasth Foodtech IPO opens on Feb 20, 2025. The closing date of Balaji Phosphates IPO and Swasth Foodtech IPO is Mar 04, 2025, and Feb 24, 2025, respectively.

 Balaji Phosphates IPOSwasth Foodtech IPO
Anchor Bid DateFeb 27, 2025
Issue OpenFeb 28, 2025Feb 20, 2025
Issue CloseMar 04, 2025Feb 24, 2025
Basis Of Allotment (Tentative)Mar 05, 2025Feb 25, 2025
Initiation of Refunds (Tentative)Mar 06, 2025Feb 27, 2025
Credit of Share (Tentative)Mar 06, 2025Feb 27, 2025
Listing date (Tentative)Mar 07, 2025Feb 28, 2025
Anchor Lockin End date 1Apr 04, 2025
Anchor Lockin End date 2Jun 03, 2025

Financials & KPIs

Balaji Phosphates IPO P/E ratio is 20.67, as compared to Swasth Foodtech IPO P/E ratio of 20.77.

 Balaji Phosphates IPOSwasth Foodtech 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

Swasth Foodtech India Limited Financial Information (Restated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets36.9131.8430.5912.65
Total Income88.63134.3299.941.23
Profit After Tax1.831.930.030.01
Net Worth8.076.243.033
Reserves and Surplus3.81.970.040.01
Total Borrowing23.623.3923.827.92
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100100.00
Promoter Shareholding (Post-Issue)69.9072.90
P/E Ratio20.6720.77
Market Cap₹166.44 Cr.₹55.06 Cr.
ROE18.89%30.97%
ROCE16.7%13.48%
Debt/Equity0.953.75
EPS₹3.39₹4.53
RoNW17.26%30.97%

Shares Offered

In the Balaji Phosphates IPO Retail Individual Investors (RII) are offered 27,20,000 shares while in Swasth Foodtech IPO retail investors are offered 27,20,000 shares. Qualified Institutional Buyers (QIB) are offered 14,68,000 shares in Balaji Phosphates IPO and 0 shares in Swasth Foodtech IPO.

 Balaji Phosphates IPOSwasth Foodtech IPO
Anchor Investor Reserveration5,72,000 shares0 shares
Market Maker Reserveration3,58,000 shares80,400 shares
QIB14,68,000 shares0 shares
NII20,40,000 shares7,53,600 shares
RII27,20,000 shares7,53,600 shares
Employee0 shares0 shares
Others
Total68,00,000 shares15,07,200 shares

Bids Received (Subscription)

Balaji Phosphates IPO subscribed 1.21x in total, whereas Swasth Foodtech IPO subscribed 7.83x.

 Balaji Phosphates IPOSwasth Foodtech IPO
QIB (times)1.26x
NII (times)1.34x2.53x
Big NII (times)
Small NII (times)
RII (times)1.09x13.12x
Employee (times)
Other (times)
Total (times)1.21x7.83x