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Blue Pebble IPO vs Vruddhi Engineering Works IPO

Comparison between Blue Pebble IPO and Vruddhi Engineering Works IPO.

IPO Details

Blue Pebble IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Vruddhi Engineering Works IPO is a SME Bookbuilding proposed to list at BSE SME.

 Blue Pebble IPOVruddhi Engineering Works IPO
LogoBlue Pebble IPO LogoVruddhi Engineering Works IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMEBSE SME
Lead ManagersHem Securities Ltd.Fedex Securities Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerHem Finlease Pvt.Ltd.Rikhav Securities 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 Blue Pebble IPO is up to ₹17.20 Cr whereas the issue size of the Vruddhi Engineering Works IPO is up to ₹4.51 Cr. The final issue price of Blue Pebble IPO is ₹168.00 per share and of Vruddhi Engineering Works IPO is ₹70.00 per share.

 Blue Pebble IPOVruddhi Engineering Works IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹159.00 per share₹66.00 per share
Issue Price (Upper)₹168.00 per share₹70.00 per share
Issue Price (Final)₹168.00 per share₹70.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size800 shares2000 shares
Fresh Issue Size10,24,000 shares6,44,000 shares
Fresh Issue Size (Amount)up to ₹17.20 Crup to ₹4.51 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total10,24,000 shares6,44,000 shares
Issue Size Total (Amount)up to ₹17.20 Crup to ₹4.51 Cr

IPO Timetable

Blue Pebble IPO opens on Mar 26, 2024, while Vruddhi Engineering Works IPO opens on Mar 26, 2024. The closing date of Blue Pebble IPO and Vruddhi Engineering Works IPO is Mar 28, 2024, and Mar 28, 2024, respectively.

 Blue Pebble IPOVruddhi Engineering Works IPO
Anchor Bid DateMar 22, 2024
Issue OpenMar 26, 2024Mar 26, 2024
Issue CloseMar 28, 2024Mar 28, 2024
Basis Of Allotment (Tentative)Apr 01, 2024Apr 01, 2024
Initiation of Refunds (Tentative)Apr 02, 2024Apr 02, 2024
Credit of Share (Tentative)Apr 02, 2024Apr 02, 2024
Listing date (Tentative)Apr 03, 2024Apr 03, 2024
Anchor Lockin End date 1May 01, 2024
Anchor Lockin End date 2Jun 30, 2024

Financials & KPIs

Blue Pebble IPO P/E ratio is 25.16, as compared to Vruddhi Engineering Works IPO P/E ratio of 17.13.

 Blue Pebble IPOVruddhi Engineering Works IPO
Financials

Blue Pebble Limited Financial Information (Restated)

Blue Pebble Limited's revenue increased by 190.98% and profit after tax (PAT) rose by 426.49% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets934.35876.36342.62299.88
Total Income1,322.681,594.96548.14421.04
Profit After Tax291.78200.3338.0520.06
Net Worth606.17314.39114.0676.01
Reserves and Surplus306.17313.39113.0675.01
Total Borrowing27.2837.2037.20
Amount in ₹ Lakhs

Vruddhi Engineering Works Limited Financial Information (Restated)

Vruddhi Engineering Works Limited's revenue increased by 493.53% and profit after tax (PAT) rose by 697.99% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets808.58782.33100.143.02
Total Income935.361,309.62220.650.44
Profit After Tax41.0175.339.44-0.88
Net Worth253.13212.129.560.12
Reserves and Surplus68.77118.558.56-0.88
Total Borrowing301.91323.3747.492.22
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.0096.34
Promoter Shareholding (Post-Issue)73.52
P/E Ratio25.1617.13
Market Cap₹68.54 Cr.₹17.67 Cr.
ROE63.39%16.20%
ROCE64.12%15.53%
Debt/Equity1.19
EPS₹6.68₹4.09
RoNW48.14%16.20%

Shares Offered

In the Blue Pebble IPO Retail Individual Investors (RII) are offered 3,59,200 shares while in Vruddhi Engineering Works IPO retail investors are offered 3,59,200 shares. Qualified Institutional Buyers (QIB) are offered 2,04,800 shares in Blue Pebble IPO and 3,20,000 shares in Vruddhi Engineering Works IPO.

 Blue Pebble IPOVruddhi Engineering Works IPO
Anchor Investor Reserveration3,05,600 shares
Market Maker Reserveration56,000 shares36,000 shares
QIB2,04,800 shares3,20,000 shares
NII1,54,400 shares98,000 shares
RII3,59,200 shares2,26,000 shares
Employee
Others
Total10,24,000 shares6,44,000 shares

Bids Received (Subscription)

Blue Pebble IPO subscribed 56.32x in total, whereas Vruddhi Engineering Works IPO subscribed 12.67x.

 Blue Pebble IPOVruddhi Engineering Works IPO
QIB (times)21.77x1.05x
NII (times)97.31x28.14x
Big NII (times)
Small NII (times)
RII (times)58.40x20.10x
Employee (times)
Other (times)
Total (times)56.32x12.67x