BLS E-Services IPO vs Rashi Peripherals IPO

Comparison between BLS E-Services IPO and Rashi Peripherals IPO.

IPO Details

BLS E-Services IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Rashi Peripherals IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of BLS E-Services IPO is up to ₹309.29 Cr whereas the issue size of the Rashi Peripherals IPO is up to ₹600.00 Cr. The final issue price of BLS E-Services IPO is ₹135.00 per share and of Rashi Peripherals IPO is ₹311.00 per share.

 BLS E-Services IPORashi Peripherals IPO
Face Value₹10 per share₹5 per share
Issue Price (Lower)₹129.00 per share₹295.00 per share
Issue Price (Upper)₹135.00 per share₹311.00 per share
Issue Price (Final)₹135.00 per share₹311.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size108 shares48 shares
Fresh Issue Size2,30,30,000 shares1,92,92,604 shares
Fresh Issue Size (Amount)up to ₹309.29 Crup to ₹600.00 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total2,30,30,000 shares1,92,92,604 shares
Issue Size Total (Amount)up to ₹309.29 Crup to ₹600.00 Cr

IPO Timetable

BLS E-Services IPO opens on Jan 30, 2024, while Rashi Peripherals IPO opens on Feb 07, 2024. The closing date of BLS E-Services IPO and Rashi Peripherals IPO is Feb 01, 2024, and Feb 09, 2024, respectively.

 BLS E-Services IPORashi Peripherals IPO
Anchor Bid DateJan 29, 2024Feb 06, 2024
Issue OpenJan 30, 2024Feb 07, 2024
Issue CloseFeb 01, 2024Feb 09, 2024
Basis Of Allotment (Tentative)Feb 02, 2024Feb 12, 2024
Initiation of Refunds (Tentative)Feb 05, 2024Feb 13, 2024
Credit of Share (Tentative)Feb 05, 2024Feb 13, 2024
Listing date (Tentative)Feb 06, 2024Feb 14, 2024
Anchor Lockin End date 1Mar 03, 2024Mar 13, 2024
Anchor Lockin End date 2May 02, 2024May 12, 2024

Financials & KPIs

BLS E-Services IPO P/E ratio is 44.31, as compared to Rashi Peripherals IPO P/E ratio of 11.75.

 BLS E-Services IPORashi Peripherals IPO
Financials

Company Financials (Restated Consolidated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets213.77179.4755.9340.59
Total Income158.05246.2998.4065.23
Profit After Tax14.6820.335.383.15
NET Worth120.37106.9415.079.68
Total Borrowing0.000.008.7611.02
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,058.642,798.602,669.761,594.39
Total Income5,473.279,468.959,321.925,930.24
Profit After Tax72.02123.34182.51136.35
NET Worth772.74700.12575.07394.19
Reserves and Surplus686.24760.36557.84395.99
Total Borrowing1,395.201,065.76881.74488.99
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)93.8089.65
Promoter Shareholding (Post-Issue)68.9063.41
P/E Ratio44.3111.75
Market Cap₹1226.56 Cr.₹2049.48 Cr.
ROE33.33%19.33%
ROCE30.62%14.21%
Debt/Equity0.051.53
EPS₹3.05₹26.46
RoNW16.46%17.60%

Shares Offered

In the BLS E-Services IPO Retail Individual Investors (RII) are offered 20,72,700 shares while in Rashi Peripherals IPO retail investors are offered 20,72,700 shares. Qualified Institutional Buyers (QIB) are offered 62,18,154 shares in BLS E-Services IPO and 38,58,521 shares in Rashi Peripherals IPO.

 BLS E-Services IPORashi Peripherals IPO
Anchor Investor Reservation93,27,096 shares57,87,780 shares
Market Maker Reservation0 shares
QIB62,18,154 shares38,58,521 shares
NII31,09,050 shares28,93,891 shares
RII20,72,700 shares67,52,412 shares
Employee0 shares
Others
Total2,30,30,000 shares1,92,92,604 shares

Bids Received (Subscription)

BLS E-Services IPO subscribed 162.38x in total, whereas Rashi Peripherals IPO subscribed 62.95x.

 BLS E-Services IPORashi Peripherals IPO
QIB (times)123.30x151.45x
NII (times)300.05x66.15x
Big NII (times)305.27x74.51x
Small NII (times)289.59x50.38x
RII (times)236.53x11.01x
Employee (times)
Other (times)15.30x
Total (times)162.38x62.95x

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