Akanksha Power IPO vs Shri Balaji Valve Components IPO

Comparison between Akanksha Power IPO and Shri Balaji Valve Components IPO.

IPO Details

Akanksha Power IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Shri Balaji Valve Components IPO is a SME Bookbuilding proposed to list at BSE SME.

	Akanksha Power IPO	Shri Balaji Valve Components IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	BSE SME
Lead Managers	Narnolia Financial Services Ltd.	Hem Securities Ltd.
Registrar	MUFG Intime India Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Nikunj Stock Brokers Ltd.	Hem Finlease Pvt.Ltd.
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 Akanksha Power IPO is up to ₹26.06 Cr whereas the issue size of the Shri Balaji Valve Components IPO is up to ₹20.46 Cr. The final issue price of Akanksha Power IPO is ₹55.00 per share and of Shri Balaji Valve Components IPO is ₹100.00 per share.

	Akanksha Power IPO	Shri Balaji Valve Components IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹52.00 per share	₹95.00 per share
Issue Price (Upper)	₹55.00 per share	₹100.00 per share
Issue Price (Final)	₹55.00 per share	₹100.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	2000 shares	1200 shares
Fresh Issue Size	47,38,000 shares	20,46,000 shares
Fresh Issue Size (Amount)	up to ₹26.06 Cr	up to ₹20.46 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	47,38,000 shares	20,46,000 shares
Issue Size Total (Amount)	up to ₹26.06 Cr	up to ₹20.46 Cr

IPO Timetable

Akanksha Power IPO opens on Dec 27, 2023, while Shri Balaji Valve Components IPO opens on Dec 27, 2023. The closing date of Akanksha Power IPO and Shri Balaji Valve Components IPO is Dec 29, 2023, and Dec 29, 2023, respectively.

	Akanksha Power IPO	Shri Balaji Valve Components IPO
Anchor Bid Date	Dec 26, 2023	Dec 26, 2023
Issue Open	Dec 27, 2023	Dec 27, 2023
Issue Close	Dec 29, 2023	Dec 29, 2023
Basis Of Allotment (Tentative)	Jan 01, 2024	Jan 01, 2024
Initiation of Refunds (Tentative)	Jan 02, 2024	Jan 02, 2024
Credit of Share (Tentative)	Jan 02, 2024	Jan 02, 2024
Listing date (Tentative)	Jan 03, 2024	Jan 03, 2024
Anchor Lockin End date 1	Jan 31, 2024	Jan 31, 2024
Anchor Lockin End date 2	Mar 31, 2024	Mar 31, 2024

Financials & KPIs

Akanksha Power IPO P/E ratio is 24.02, as compared to Shri Balaji Valve Components IPO P/E ratio of 9.33.

Akanksha Power IPO

Shri Balaji Valve Components IPO

Financials

Akanksha Power and Infrastructure Limited Financial Information (Restated)

Akanksha Power and Infrastructure Limited's revenue decreased by -10.8% and profit after tax (PAT) rose by 20.58% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	5,530.82	4,762.65	3,838.92	3,781.19
Total Income	1,027.27	4,644.03	5,206.50	7,441.05
Profit After Tax	71.06	290.50	240.92	392.12
Net Worth	2,074.75	1,595.94	1,305.42	1,064.50
Reserves and Surplus	722.70	1,414.44	1,123.92	883.00
Total Borrowing	1,722.62	1,527.68	1,055.03	891.47
Amount in ₹ Lakhs

Shri Balaji Valve Component Limited Financial Information (Restated)

Shri Balaji Valve Component Limited's revenue increased by 61.14% and profit after tax (PAT) rose by 319.07% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	5,132.00	5,023.02	3,973.46	1,758.63
Total Income	1,654.64	6,294.10	3,906.05	1,616.49
Profit After Tax	184.84	643.15	153.47	-3.22
Net Worth	975.66	789.14	144.64	-10.85
Reserves and Surplus	377.01	790.85	147.70	-5.77
Total Borrowing	2,879.49	2,877.99	2,799.71	1,399.54
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

83.28

100

Promoter Shareholding (Post-Issue)

60.81

73.53

P/E Ratio

24.02

9.33

Market Cap

₹101.85 Cr.

₹81.60 Cr.

ROE

18.20%

136.76%

ROCE

22.75%

26.47%

Debt/Equity

0.96

3.63

EPS

₹2.29

₹10.72

RoNW

18.20%

81.50%

Shares Offered

In the Akanksha Power IPO Retail Individual Investors (RII) are offered 16,60,000 shares while in Shri Balaji Valve Components IPO retail investors are offered 16,60,000 shares. Qualified Institutional Buyers (QIB) are offered 9,48,000 shares in Akanksha Power IPO and 4,09,200 shares in Shri Balaji Valve Components IPO.

	Akanksha Power IPO	Shri Balaji Valve Components IPO
Anchor Investor Reserveration	14,18,000 shares	6,13,200 shares
Market Maker Reserveration	2,60,000 shares	1,14,000 shares
QIB	9,48,000 shares	4,09,200 shares
NII	7,12,000 shares	3,07,200 shares
RII	16,60,000 shares	7,16,400 shares
Employee
Others
Total	47,38,000 shares	20,46,000 shares

Bids Received (Subscription)

Akanksha Power IPO subscribed 117.39x in total, whereas Shri Balaji Valve Components IPO subscribed 276.44x.

	Akanksha Power IPO	Shri Balaji Valve Components IPO
QIB (times)	38.51x	70.04x
NII (times)	238.60x	799.70x
Big NII (times)
Small NII (times)
RII (times)	110.44x	169.95x
Employee (times)
Other (times)
Total (times)	117.39x	276.44x

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