Bharat Highways InvIT InvIT vs Gopal Snacks IPO

Comparison between Bharat Highways InvIT InvIT and Gopal Snacks IPO.

IPO Details

Bharat Highways InvIT InvIT is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Gopal Snacks 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 Gopal Snacks IPO is up to ₹650.00 Cr. The final issue price of Bharat Highways InvIT InvIT is ₹100.00 per share and of Gopal Snacks IPO is ₹401.00 per share.

 Bharat Highways InvIT InvITGopal Snacks IPO
Face Value₹1 per share
Issue Price (Lower)₹98.00 per share₹381.00 per share
Issue Price (Upper)₹100.00 per share₹401.00 per share
Issue Price (Final)₹100.00 per share₹401.00 per share
Discount (Retail)₹0.00 per share
Discount (Employee)₹38.00 per share
Market Lot Size150 shares37 shares
Fresh Issue Size24,99,99,900 shares0 shares
Fresh Issue Size (Amount)up to ₹2,500.00 Crup to ₹0.00 Cr
OFS Issue Size0 shares1,62,16,886 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹650.00 Cr
Issue Size Total24,99,99,900 shares1,62,16,886 shares
Issue Size Total (Amount)up to ₹2,500.00 Crup to ₹650.00 Cr

IPO Timetable

Bharat Highways InvIT InvIT opens on Feb 28, 2024, while Gopal Snacks IPO opens on Mar 06, 2024. The closing date of Bharat Highways InvIT InvIT and Gopal Snacks IPO is Mar 01, 2024, and Mar 11, 2024, respectively.

 Bharat Highways InvIT InvITGopal Snacks IPO
Anchor Bid DateFeb 27, 2024Mar 05, 2024
Issue OpenFeb 28, 2024Mar 06, 2024
Issue CloseMar 01, 2024Mar 11, 2024
Basis Of Allotment (Tentative)Mar 06, 2024Mar 12, 2024
Initiation of Refunds (Tentative)Mar 07, 2024Mar 13, 2024
Credit of Share (Tentative)Mar 07, 2024Mar 13, 2024
Listing date (Tentative)Mar 12, 2024Mar 14, 2024
Anchor Lockin End date 1Apr 05, 2024Apr 11, 2024
Anchor Lockin End date 2Jun 04, 2024Jun 10, 2024

Financials & KPIs

Bharat Highways InvIT InvIT P/E ratio is , as compared to Gopal Snacks IPO P/E ratio of 44.47.

 Bharat Highways InvIT InvITGopal Snacks 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)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets434.54461.28399.72341.89
Total Income677.971,398.541,356.481,129.84
Profit After Tax55.57112.3741.5421.12
NET Worth346.10290.88177.66135.74
Reserves and Surplus333.17277.60176.56135.03
Total Borrowing26.05106.37164.12138.99
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)93.50
Promoter Shareholding (Post-Issue)81.49
P/E Ratio44.47
Market Cap₹4996.64 Cr.
ROE16.05%
ROCE20.83%
Debt/Equity0.08
EPS₹9.02
RoNW16.05%

Shares Offered

In the Bharat Highways InvIT InvIT Retail Individual Investors (RII) are offered 0 shares while in Gopal Snacks IPO retail investors are offered 0 shares. Qualified Institutional Buyers (QIB) are offered 5,50,65,000 shares in Bharat Highways InvIT InvIT and 32,24,439 shares in Gopal Snacks IPO.

 Bharat Highways InvIT InvITGopal Snacks IPO
Anchor Investor Reservation8,25,97,350 shares48,36,657 shares
Market Maker Reservation0 shares
QIB5,50,65,000 shares32,24,439 shares
NII4,58,87,550 shares24,18,330 shares
RII0 shares56,42,768 shares
Employee0 shares96,418 shares
Others
Total24,99,99,900 shares1,62,18,612 shares

Bids Received (Subscription)

Bharat Highways InvIT InvIT subscribed 6.74x in total, whereas Gopal Snacks IPO subscribed 9.50x.

 Bharat Highways InvIT InvITGopal Snacks IPO
QIB (times)6.59x18.42x
NII (times)10.00x
Big NII (times)10.72x
Small NII (times)8.12x
RII (times)4.22x
Employee (times)7.27x
Other (times)6.93x
Total (times)6.74x9.50x

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