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Shri Balaji Valve Components IPO vs Indifra IPO

Comparison between Shri Balaji Valve Components IPO and Indifra IPO.

IPO Details

Shri Balaji Valve Components IPO is a SME Fixed Price IPO proposed to list at BSE SME while Indifra IPO is a SME Fixed Price proposed to list at NSE SME.

 Shri Balaji Valve Components IPOIndifra IPO
LogoShri Balaji Valve Components IPO LogoIndifra IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtBSE SMENSE SME
Lead ManagersHem Securities Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerHem Finlease Pvt.Ltd.Spread X Securities 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 Shri Balaji Valve Components IPO is up to ₹20.46 Cr whereas the issue size of the Indifra IPO is up to ₹13.34 Cr. The final issue price of Shri Balaji Valve Components IPO is ₹100.00 per share and of Indifra IPO is ₹65.00 per share.

 Shri Balaji Valve Components IPOIndifra 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₹65.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares2000 shares
Fresh Issue Size20,46,000 shares20,52,000 shares
Fresh Issue Size (Amount)up to ₹20.46 Crup to ₹13.34 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total20,46,000 shares20,52,000 shares
Issue Size Total (Amount)up to ₹20.46 Crup to ₹13.34 Cr

IPO Timetable

Shri Balaji Valve Components IPO opens on Dec 27, 2023, while Indifra IPO opens on Dec 21, 2023. The closing date of Shri Balaji Valve Components IPO and Indifra IPO is Dec 29, 2023, and Dec 26, 2023, respectively.

 Shri Balaji Valve Components IPOIndifra IPO
Anchor Bid DateDec 26, 2023
Issue OpenDec 27, 2023Dec 21, 2023
Issue CloseDec 29, 2023Dec 26, 2023
Basis Of Allotment (Tentative)Jan 01, 2024Dec 27, 2023
Initiation of Refunds (Tentative)Jan 02, 2024Dec 28, 2023
Credit of Share (Tentative)Jan 02, 2024Dec 28, 2023
Listing date (Tentative)Jan 03, 2024Dec 29, 2023
Anchor Lockin End date 1Jan 31, 2024
Anchor Lockin End date 2Mar 31, 2024

Financials & KPIs

Shri Balaji Valve Components IPO P/E ratio is 9.33, as compared to Indifra IPO P/E ratio of 11.23.

 Shri Balaji Valve Components IPOIndifra 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.

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,132.005,023.023,973.461,758.63
Total Income1,654.646,294.103,906.051,616.49
Profit After Tax184.84643.15153.47-3.22
Net Worth975.66789.14144.64-10.85
Reserves and Surplus377.01790.85147.70-5.77
Total Borrowing2,879.492,877.992,799.711,399.54
Amount in ₹ Lakhs

Indifra Limited Financial Information (Restated)

Indifra Limited's revenue decreased by -8.3% and profit after tax (PAT) rose by 148.07% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets630.24312.46420.10229.63
Total Income64.281,001.691,092.41306.54
Profit After Tax3.5499.0839.9410.51
Net Worth533.25169.7070.6230.68
Reserves and Surplus20.25168.7069.6229.68
Total Borrowing38.2650.6145.05
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)10096
Promoter Shareholding (Post-Issue)73.5367.55
P/E Ratio9.3311.23
Market Cap₹81.60 Cr.₹47.39 Cr.
ROE136.76%82.45%
ROCE26.47%86.21%
Debt/Equity3.63
EPS₹10.72₹5.79
RoNW81.50%82.45%

Shares Offered

In the Shri Balaji Valve Components IPO Retail Individual Investors (RII) are offered 7,16,400 shares while in Indifra 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 Indifra IPO.

 Shri Balaji Valve Components IPOIndifra IPO
Anchor Investor Reserveration6,13,200 shares
Market Maker Reserveration1,14,000 shares1,08,000 shares
QIB4,09,200 shares
NII3,07,200 shares10,26,000 shares
RII7,16,400 shares10,26,000 shares
Employee
Others
Total20,46,000 shares20,52,000 shares

Bids Received (Subscription)

Shri Balaji Valve Components IPO subscribed 276.44x in total, whereas Indifra IPO subscribed 7.21x.

 Shri Balaji Valve Components IPOIndifra IPO
QIB (times)70.04x
NII (times)799.70x2.34x
Big NII (times)
Small NII (times)
RII (times)169.95x12.07x
Employee (times)
Other (times)
Total (times)276.44x7.21x