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Shri Balaji Valve Components IPO vs HRH Next IPO

Comparison between Shri Balaji Valve Components IPO and HRH Next IPO.

IPO Details

Shri Balaji Valve Components IPO is a SME Fixed Price IPO proposed to list at BSE SME while HRH Next IPO is a SME Fixed Price proposed to list at NSE SME.

 Shri Balaji Valve Components IPOHRH Next IPO
LogoShri Balaji Valve Components IPO LogoHRH Next IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtBSE SMENSE SME
Lead ManagersHem Securities Ltd.Finshore Management Services Ltd.
RegistrarBigshare Services Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerHem Finlease Pvt.Ltd.Nikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Shri Balaji Valve Components IPO is up to ₹20.46 Cr whereas the issue size of the HRH Next IPO is up to ₹9.08 Cr. The final issue price of Shri Balaji Valve Components IPO is ₹100.00 per share and of HRH Next IPO is ₹36.00 per share.

 Shri Balaji Valve Components IPOHRH Next IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹95.00 per share
Issue Price (Upper)₹100.00 per share
Issue Price (Final)₹100.00 per share₹36.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares3000 shares
Fresh Issue Size20,46,000 shares25,23,000 shares
Fresh Issue Size (Amount)up to ₹20.46 Crup to ₹9.08 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total20,46,000 shares25,23,000 shares
Issue Size Total (Amount)up to ₹20.46 Crup to ₹9.08 Cr

IPO Timetable

Shri Balaji Valve Components IPO opens on Dec 27, 2023, while HRH Next IPO opens on Dec 27, 2023. The closing date of Shri Balaji Valve Components IPO and HRH Next IPO is Dec 29, 2023, and Dec 29, 2023, respectively.

 Shri Balaji Valve Components IPOHRH Next IPO
Anchor Bid DateDec 26, 2023
Issue OpenDec 27, 2023Dec 27, 2023
Issue CloseDec 29, 2023Dec 29, 2023
Basis Of Allotment (Tentative)Jan 01, 2024Jan 01, 2024
Initiation of Refunds (Tentative)Jan 02, 2024Jan 02, 2024
Credit of Share (Tentative)Jan 02, 2024Jan 02, 2024
Listing date (Tentative)Jan 03, 2024Jan 03, 2024
Anchor Lockin End date 1Jan 31, 2024
Anchor Lockin End date 2Mar 31, 2024

Financials & KPIs

Shri Balaji Valve Components IPO P/E ratio is 9.33, as compared to HRH Next IPO P/E ratio of 6.78.

 Shri Balaji Valve Components IPOHRH Next IPO
Financials

Company Financials (Restated)

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets51.3250.2339.7317.59
Total Income16.5562.9439.0616.16
Profit After Tax1.856.431.53-0.03
NET Worth9.767.891.45-0.11
Reserves and Surplus3.777.911.48-0.06
Total Borrowing28.7928.7828.0014.00
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets31.1428.8218.6512.98
Total Income21.5351.2544.2824.24
Profit After Tax1.513.480.930.25
NET Worth13.2110.456.976.04
Reserves and Surplus6.6610.256.775.84
Total Borrowing10.849.914.434.02
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)10097.88
Promoter Shareholding (Post-Issue)73.5369.61
P/E Ratio9.336.78
Market Cap₹81.60 Cr.₹33.14 Cr.
ROE136.76%39.94%
ROCE26.47%46.57
Debt/Equity3.630.12
EPS₹10.72₹5.31
RoNW81.50%33.29%

Shares Offered

In the Shri Balaji Valve Components IPO Retail Individual Investors (RII) are offered 7,16,400 shares while in HRH Next IPO retail investors are offered 7,16,400 shares. Qualified Institutional Buyers (QIB) are offered 4,09,200 shares in Shri Balaji Valve Components IPO and in HRH Next IPO.

 Shri Balaji Valve Components IPOHRH Next IPO
Anchor Investor Reservation6,13,200 shares
Market Maker Reservation1,14,000 shares1,35,000 shares
QIB4,09,200 shares
NII3,07,200 shares12,60,000 shares
RII7,16,400 shares12,63,000 shares
Employee
Others
Total20,46,000 shares25,23,000 shares

Bids Received (Subscription)

Shri Balaji Valve Components IPO subscribed 276.44x in total, whereas HRH Next IPO subscribed 66.29x.

 Shri Balaji Valve Components IPOHRH Next IPO
QIB (times)70.04x
NII (times)799.70x66.91x
Big NII (times)
Small NII (times)
RII (times)169.95x63.61x
Employee (times)
Other (times)
Total (times)276.44x66.29x

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Shri Balaji Valve Components IPO Vs HRH Next IPO