Bharat Highways InvIT InvIT vs J.G.Chemicals IPO

Comparison between Bharat Highways InvIT InvIT and J.G.Chemicals IPO.

IPO Details

Bharat Highways InvIT InvIT is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while J.G.Chemicals 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 J.G.Chemicals IPO is up to ₹251.19 Cr. The final issue price of Bharat Highways InvIT InvIT is ₹100.00 per share and of J.G.Chemicals IPO is ₹221.00 per share.

 Bharat Highways InvIT InvITJ.G.Chemicals IPO
Face Value₹10 per share
Issue Price (Lower)₹98.00 per share₹210.00 per share
Issue Price (Upper)₹100.00 per share₹221.00 per share
Issue Price (Final)₹100.00 per share₹221.00 per share
Discount (Retail)₹0.00 per share
Discount (Employee)
Market Lot Size150 shares67 shares
Fresh Issue Size24,99,99,900 shares74,66,063 shares
Fresh Issue Size (Amount)up to ₹2,500.00 Crup to ₹165.00 Cr
OFS Issue Size0 shares39,00,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹86.19 Cr
Issue Size Total24,99,99,900 shares1,13,66,063 shares
Issue Size Total (Amount)up to ₹2,500.00 Crup to ₹251.19 Cr

IPO Timetable

Bharat Highways InvIT InvIT opens on Feb 28, 2024, while J.G.Chemicals IPO opens on Mar 05, 2024. The closing date of Bharat Highways InvIT InvIT and J.G.Chemicals IPO is Mar 01, 2024, and Mar 07, 2024, respectively.

 Bharat Highways InvIT InvITJ.G.Chemicals IPO
Anchor Bid DateFeb 27, 2024Mar 04, 2024
Issue OpenFeb 28, 2024Mar 05, 2024
Issue CloseMar 01, 2024Mar 07, 2024
Basis Of Allotment (Tentative)Mar 06, 2024Mar 11, 2024
Initiation of Refunds (Tentative)Mar 07, 2024Mar 12, 2024
Credit of Share (Tentative)Mar 07, 2024Mar 12, 2024
Listing date (Tentative)Mar 12, 2024Mar 13, 2024
Anchor Lockin End date 1Apr 05, 2024Apr 10, 2024
Anchor Lockin End date 2Jun 04, 2024Jun 09, 2024

Financials & KPIs

Bharat Highways InvIT InvIT P/E ratio is , as compared to J.G.Chemicals IPO P/E ratio of 16.25.

 Bharat Highways InvIT InvITJ.G.Chemicals 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 Consolidated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets271.26297.79264.14209.94
Total Income491.10794.19623.05440.41
Profit After Tax18.5156.7943.1328.80
NET Worth217.86199.89147.66108.48
Reserves and Surplus193.22175.67151.23107.17
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.00
Promoter Shareholding (Post-Issue)
P/E Ratio16.25
Market Cap₹866.01 Cr.
ROE8.20%
ROCE11.86 %
Debt/Equity0.11
EPS₹13.60
RoNW8.16%

Shares Offered

In the Bharat Highways InvIT InvIT Retail Individual Investors (RII) are offered 0 shares while in J.G.Chemicals IPO retail investors are offered 0 shares. Qualified Institutional Buyers (QIB) are offered 5,50,65,000 shares in Bharat Highways InvIT InvIT and 22,73,212 shares in J.G.Chemicals IPO.

 Bharat Highways InvIT InvITJ.G.Chemicals IPO
Anchor Investor Reservation8,25,97,350 shares34,09,818 shares
Market Maker Reservation0 shares
QIB5,50,65,000 shares22,73,212 shares
NII4,58,87,550 shares17,04,910 shares
RII0 shares39,78,123 shares
Employee0 shares
Others
Total24,99,99,900 shares1,13,66,063 shares

Bids Received (Subscription)

Bharat Highways InvIT InvIT subscribed 6.74x in total, whereas J.G.Chemicals IPO subscribed 28.52x.

 Bharat Highways InvIT InvITJ.G.Chemicals IPO
QIB (times)6.59x32.33x
NII (times)47.92x
Big NII (times)50.26x
Small NII (times)43.24x
RII (times)18.03x
Employee (times)
Other (times)6.93x
Total (times)6.74x28.52x

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Bharat Highways InvIT InvIT Vs J.G.Chemicals IPO