Bhatia Colour Chem IPO vs SP Refractories IPO

Comparison between Bhatia Colour Chem IPO and SP Refractories IPO.

IPO Details

Bhatia Colour Chem IPO is a SME Fixed Price IPO proposed to list at BSE SME while SP Refractories IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of Bhatia Colour Chem IPO is up to ₹37.89 Cr whereas the issue size of the SP Refractories IPO is up to ₹4.67 Cr. The final issue price of Bhatia Colour Chem IPO is ₹80.00 per share and of SP Refractories IPO is ₹90.00 per share.

 Bhatia Colour Chem IPOSP Refractories IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹80.00 per share₹90.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1600 shares1600 shares
Fresh Issue Size47,36,000 shares2,68,800 shares
Fresh Issue Size (Amount)up to ₹37.89 Crup to ₹2.42 Cr
OFS Issue Size0 shares2,49,600 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹2.25 Cr
Issue Size Total47,36,000 shares5,18,400 shares
Issue Size Total (Amount)up to ₹37.89 Crup to ₹4.67 Cr

IPO Timetable

Bhatia Colour Chem IPO opens on Mar 14, 2022, while SP Refractories IPO opens on Mar 09, 2022. The closing date of Bhatia Colour Chem IPO and SP Refractories IPO is Mar 16, 2022, and Mar 11, 2022, respectively.

 Bhatia Colour Chem IPOSP Refractories IPO
Issue OpenMar 14, 2022Mar 09, 2022
Issue CloseMar 16, 2022Mar 11, 2022
Basis Of Allotment (Tentative)Mar 21, 2022Mar 16, 2022
Initiation of Refunds (Tentative)Mar 17, 2022
Credit of Share (Tentative)Mar 21, 2022
Listing date (Tentative)Mar 24, 2022Mar 22, 2022

Financials & KPIs

Bhatia Colour Chem IPO P/E ratio is 166, as compared to SP Refractories IPO P/E ratio of 9.94.

 Bhatia Colour Chem IPOSP Refractories IPO
Financials

Company Financials (Restated Consolidated)

Period Ended18 Feb 2022
Assets37.28
Total Income5.32
Profit After Tax0.35
EBITDA0.54
NET Worth16.67
Reserves and Surplus9.44
Total Borrowing0.16
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202131 Mar 202131 Mar 202031 Mar 2019
Assets12.3210.578.987.92
Total Income14.4825.7221.0018.56
Profit After Tax0.810.750.400.21
EBITDA1.341.491.220.90
NET Worth5.484.673.923.52
Reserves and Surplus3.993.183.423.02
Total Borrowing3.953.794.133.75
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)74.65%100%
Promoter Shareholding (Post-Issue)44.14%69.42%
P/E Ratio1669.94
Market Cap₹97.87 Cr.₹16.11 Cr.
Debt/Equity0.81
EPS₹5.05
RoNW16.13

Shares Offered

In the Bhatia Colour Chem IPO Retail Individual Investors (RII) are offered 23,68,000 shares while in SP Refractories IPO retail investors are offered 23,68,000 shares. Qualified Institutional Buyers (QIB) are offered in Bhatia Colour Chem IPO and 0 shares in SP Refractories IPO.

 Bhatia Colour Chem IPOSP Refractories IPO
Anchor Investor Reservation0 shares
Market Maker Reservation2,64,000 shares28,800 shares
QIB0 shares
NII23,68,000 shares2,59,200 shares
RII23,68,000 shares2,59,200 shares
Employee0 shares
Total47,36,000 shares5,18,400 shares

Bids Received (Subscription)

Bhatia Colour Chem IPO subscribed 1.43x in total, whereas SP Refractories IPO subscribed 7.24x.

 Bhatia Colour Chem IPOSP Refractories IPO
NII (times)2.69x5.64x
RII (times)0.18x8.85x
Total (times)1.43x7.24x

Compare with others

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Bhatia Colour Chem IPO Vs SP Refractories IPO