Bharat Highways InvIT InvIT vs Exicom Tele-Systems IPO

Comparison between Bharat Highways InvIT InvIT and Exicom Tele-Systems IPO.

IPO Details

Bharat Highways InvIT InvIT is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Exicom Tele-Systems IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Bharat Highways InvIT InvIT is up to ₹2,500.00 Cr whereas the issue size of the Exicom Tele-Systems IPO is up to ₹429.00 Cr. The final issue price of Bharat Highways InvIT InvIT is ₹100.00 per share and of Exicom Tele-Systems IPO is ₹142.00 per share.

 Bharat Highways InvIT InvITExicom Tele-Systems IPO
Face Value₹10 per share
Issue Price (Lower)₹98.00 per share₹135.00 per share
Issue Price (Upper)₹100.00 per share₹142.00 per share
Issue Price (Final)₹100.00 per share₹142.00 per share
Discount (Retail)₹0.00 per share
Discount (Employee)
Market Lot Size150 shares100 shares
Fresh Issue Size24,99,99,900 shares2,31,69,000 shares
Fresh Issue Size (Amount)up to ₹2,500.00 Crup to ₹329.00 Cr
OFS Issue Size0 shares70,42,200 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹100.00 Cr
Issue Size Total24,99,99,900 shares3,02,11,200 shares
Issue Size Total (Amount)up to ₹2,500.00 Crup to ₹429.00 Cr

IPO Timetable

Bharat Highways InvIT InvIT opens on Feb 28, 2024, while Exicom Tele-Systems IPO opens on Feb 27, 2024. The closing date of Bharat Highways InvIT InvIT and Exicom Tele-Systems IPO is Mar 01, 2024, and Feb 29, 2024, respectively.

 Bharat Highways InvIT InvITExicom Tele-Systems IPO
Anchor Bid DateFeb 27, 2024Feb 26, 2024
Issue OpenFeb 28, 2024Feb 27, 2024
Issue CloseMar 01, 2024Feb 29, 2024
Basis Of Allotment (Tentative)Mar 06, 2024Mar 01, 2024
Initiation of Refunds (Tentative)Mar 07, 2024Mar 04, 2024
Credit of Share (Tentative)Mar 07, 2024Mar 04, 2024
Listing date (Tentative)Mar 12, 2024Mar 05, 2024
Anchor Lockin End date 1Apr 05, 2024Mar 31, 2024
Anchor Lockin End date 2Jun 04, 2024May 30, 2024

Financials & KPIs

Bharat Highways InvIT InvIT P/E ratio is , as compared to Exicom Tele-Systems IPO P/E ratio of 217.63.

 Bharat Highways InvIT InvITExicom Tele-Systems IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,916.806,056.285,536.404,943.95
Total Income388.541,537.471,600.182,170.39
Profit After Tax101.35527.0562.87149.45
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets629.41705.09602.99678.46
Total Income467.21723.40848.96524.36
Profit After Tax27.466.375.143.45
NET Worth311.40232.00221.57213.44
Reserves and Surplus204.95213.61207.39201.55
Total Borrowing72.84117.92107.67101.76
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)93.28
Promoter Shareholding (Post-Issue)
P/E Ratio217.63
Market Cap₹1715.71 Cr.
ROE13.38%
ROCE10.92%
Debt/Equity
EPS₹0.65
RoNW2.75%

Shares Offered

In the Bharat Highways InvIT InvIT Retail Individual Investors (RII) are offered 0 shares while in Exicom Tele-Systems IPO retail investors are offered 0 shares. Qualified Institutional Buyers (QIB) are offered 5,50,65,000 shares in Bharat Highways InvIT InvIT and 1,01,19,700 shares in Exicom Tele-Systems IPO.

 Bharat Highways InvIT InvITExicom Tele-Systems IPO
Anchor Investor Reservation8,25,97,350 shares1,25,38,800 shares
Market Maker Reservation0 shares
QIB5,50,65,000 shares1,01,19,700 shares
NII4,58,87,550 shares45,31,600 shares
RII0 shares30,21,100 shares
Employee0 shares
Others
Total24,99,99,900 shares3,02,11,200 shares

Bids Received (Subscription)

Bharat Highways InvIT InvIT subscribed 6.74x in total, whereas Exicom Tele-Systems IPO subscribed 133.56x.

 Bharat Highways InvIT InvITExicom Tele-Systems IPO
QIB (times)6.59x124.82x
NII (times)159.29x
Big NII (times)163.96x
Small NII (times)149.95x
RII (times)124.27x
Employee (times)
Other (times)6.93x
Total (times)6.74x133.56x

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