Comparison between BharatRohan Airborne Innovations IPO and Exim Routes IPO.
BharatRohan Airborne Innovations IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Exim Routes IPO is a SME Bookbuilding proposed to list at NSE SME.
| BharatRohan Airborne Innovations IPO | Exim Routes IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Smart Horizon Capital Advisors Pvt.Ltd. | Narnolia Financial Services Ltd. |
| Registrar | Kfin Technologies Ltd. | Maashitla Securities Pvt.Ltd. |
| Market Maker | Rikhav Securities Ltd. | Nikunj Stock Brokers Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of BharatRohan Airborne Innovations IPO is up to ₹42.76 Cr whereas the issue size of the Exim Routes IPO is up to ₹41.54 Cr. The final issue price of BharatRohan Airborne Innovations IPO is ₹85.00 per share and of Exim Routes IPO is ₹88.00 per share.
| BharatRohan Airborne Innovations IPO | Exim Routes IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹5 per share |
| Issue Price (Lower) | ₹80.00 per share | ₹83.00 per share |
| Issue Price (Upper) | ₹85.00 per share | ₹88.00 per share |
| Issue Price (Final) | ₹85.00 per share | ₹88.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 1600 shares |
| Fresh Issue Size | 50,30,400 shares | 47,20,000 shares |
| Fresh Issue Size (Amount) | up to ₹42.76 Cr | up to ₹41.54 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 | 50,30,400 shares | 47,20,000 shares |
| Issue Size Total (Amount) | up to ₹42.76 Cr | up to ₹41.54 Cr |
BharatRohan Airborne Innovations IPO opens on Sep 23, 2025, while Exim Routes IPO opens on Dec 12, 2025. The closing date of BharatRohan Airborne Innovations IPO and Exim Routes IPO is Sep 25, 2025, and Dec 16, 2025, respectively.
| BharatRohan Airborne Innovations IPO | Exim Routes IPO | |
|---|---|---|
| Anchor Bid Date | Sep 22, 2025 | Dec 11, 2025 |
| Issue Open | Sep 23, 2025 | Dec 12, 2025 |
| Issue Close | Sep 25, 2025 | Dec 16, 2025 |
| Basis Of Allotment (Tentative) | Sep 26, 2025 | Dec 17, 2025 |
| Initiation of Refunds (Tentative) | Sep 29, 2025 | Dec 18, 2025 |
| Credit of Share (Tentative) | Sep 29, 2025 | Dec 18, 2025 |
| Listing date (Tentative) | Sep 30, 2025 | Dec 19, 2025 |
| Anchor Lockin End date 1 | Oct 25, 2025 | Jan 16, 2026 |
| Anchor Lockin End date 2 | Dec 24, 2025 | Mar 17, 2026 |
BharatRohan Airborne Innovations IPO P/E ratio is 16.38, as compared to Exim Routes IPO P/E ratio of 16.04.
| BharatRohan Airborne Innovations IPO | Exim Routes IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)BharatRohan Airborne Innovations Ltd.'s revenue increased by 49% and profit after tax (PAT) rose by 10% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated Consolidated)Exim Routes Ltd.'s revenue increased by 67% and profit after tax (PAT) rose by 80% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 54.86 | 71.35 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 40.27 | 52.44 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 16.38 | 16.04 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹169.35 Cr. | ₹165.02 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 28.21% | 53.14% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 19.69% | 35.53% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.04 | 0.20 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹5.19 | ₹5.49 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 20.38% | 42.28% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the BharatRohan Airborne Innovations IPO Retail Individual Investors (RII) are offered 17,98,400 shares while in Exim Routes IPO retail investors are offered 17,98,400 shares. Qualified Institutional Buyers (QIB) are offered 9,88,800 shares in BharatRohan Airborne Innovations IPO and 9,40,800 shares in Exim Routes IPO.
| BharatRohan Airborne Innovations IPO | Exim Routes IPO | |
|---|---|---|
| Anchor Investor Reservation | 14,75,200 shares | 14,11,200 shares |
| Market Maker Reservation | 2,68,800 shares | 2,49,600 shares |
| QIB | 9,88,800 shares | 9,40,800 shares |
| NII | 7,68,000 shares | 7,10,400 shares |
| RII | 17,98,400 shares | 16,57,600 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 50,30,400 shares | 47,20,000 shares |
BharatRohan Airborne Innovations IPO subscribed 10.07x in total, whereas Exim Routes IPO subscribed 15.23x.
| BharatRohan Airborne Innovations IPO | Exim Routes IPO | |
|---|---|---|
| QIB (times) | 8.33x | 19.11x |
| NII (times) | 16.00x | 22.43x |
| Big NII (times) | 18.40x | 27.73x |
| Small NII (times) | 11.21x | 12.02x |
| RII (times) | 8.50x | 9.94x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 10.07x | 15.23x |
