Comparison between Shri Balaji Valve Components IPO and HRH Next IPO.
Shri Balaji Valve Components IPO is a SME Fixed Price IPO proposed to list at BSE SME while HRH Next IPO is a SME Fixed Price proposed to list at NSE SME.
| Shri Balaji Valve Components IPO | HRH Next IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Hem Securities Ltd. | Finshore Management Services Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | Hem Finlease Pvt.Ltd. | Nikunj Stock Brokers Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Shri Balaji Valve Components IPO is up to ₹20.46 Cr whereas the issue size of the HRH Next IPO is up to ₹9.08 Cr. The final issue price of Shri Balaji Valve Components IPO is ₹100.00 per share and of HRH Next IPO is ₹36.00 per share.
| Shri Balaji Valve Components IPO | HRH Next IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹95.00 per share | |
| Issue Price (Upper) | ₹100.00 per share | |
| Issue Price (Final) | ₹100.00 per share | ₹36.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 3000 shares |
| Fresh Issue Size | 20,46,000 shares | 25,23,000 shares |
| Fresh Issue Size (Amount) | up to ₹20.46 Cr | up to ₹9.08 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 | 20,46,000 shares | 25,23,000 shares |
| Issue Size Total (Amount) | up to ₹20.46 Cr | up to ₹9.08 Cr |
Shri Balaji Valve Components IPO opens on Dec 27, 2023, while HRH Next IPO opens on Dec 27, 2023. The closing date of Shri Balaji Valve Components IPO and HRH Next IPO is Dec 29, 2023, and Dec 29, 2023, respectively.
| Shri Balaji Valve Components IPO | HRH Next IPO | |
|---|---|---|
| Anchor Bid Date | 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 | |
| Anchor Lockin End date 2 | Mar 31, 2024 |
Shri Balaji Valve Components IPO P/E ratio is 9.33, as compared to HRH Next IPO P/E ratio of 6.78.
| Shri Balaji Valve Components IPO | HRH Next IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | 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.
| HRH Next Services Limited Financial Information (Restated)HRH Next Services Limited's revenue increased by 15.73% and profit after tax (PAT) rose by 273.85% between the financial year ending with March 31, 2023 and March 31, 2022.
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| Promoter Shareholding (Pre-Issue) | 100 | 97.88 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.53 | 69.61 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 9.33 | 6.78 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹81.60 Cr. | ₹33.14 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 136.76% | 39.94% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 26.47% | 6.80% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 3.63 | 0.12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹10.72 | ₹5.31 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 81.50% | 33.29% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Shri Balaji Valve Components IPO Retail Individual Investors (RII) are offered 7,16,400 shares while in HRH Next IPO retail investors are offered 7,16,400 shares. Qualified Institutional Buyers (QIB) are offered 4,09,200 shares in Shri Balaji Valve Components IPO and in HRH Next IPO.
| Shri Balaji Valve Components IPO | HRH Next IPO | |
|---|---|---|
| Anchor Investor Reserveration | 6,13,200 shares | |
| Market Maker Reserveration | 1,14,000 shares | 1,35,000 shares |
| QIB | 4,09,200 shares | |
| NII | 3,07,200 shares | 12,60,000 shares |
| RII | 7,16,400 shares | 12,63,000 shares |
| Employee | ||
| Others | ||
| Total | 20,46,000 shares | 25,23,000 shares |
Shri Balaji Valve Components IPO subscribed 276.44x in total, whereas HRH Next IPO subscribed 66.29x.
| Shri Balaji Valve Components IPO | HRH Next IPO | |
|---|---|---|
| QIB (times) | 70.04x | |
| NII (times) | 799.70x | 66.91x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 169.95x | 63.61x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 276.44x | 66.29x |
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