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Barflex Polyfilms IPO vs Rikhav Securities IPO

Comparison between Barflex Polyfilms IPO and Rikhav Securities IPO.

IPO Details

Barflex Polyfilms IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Rikhav Securities IPO is a SME Bookbuilding proposed to list at BSE SME.

 Barflex Polyfilms IPORikhav Securities IPO
LogoBarflex Polyfilms IPO LogoRikhav Securities IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMEBSE SME
Lead ManagersAlmondz Financial Services Ltd.Smart Horizon Capital Advisors Pvt.Ltd.
RegistrarMaashitla Securities Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerAlmondz Global Securities Ltd.Shreni Shares Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Barflex Polyfilms IPO is up to ₹37.40 Cr whereas the issue size of the Rikhav Securities IPO is up to ₹84.31 Cr. The final issue price of Barflex Polyfilms IPO is ₹60.00 per share and of Rikhav Securities IPO is ₹86.00 per share.

 Barflex Polyfilms IPORikhav Securities IPO
Face Value₹10 per share₹5 per share
Issue Price (Lower)₹57.00 per share₹82.00 per share
Issue Price (Upper)₹60.00 per share₹86.00 per share
Issue Price (Final)₹60.00 per share₹86.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size2000 shares1600 shares
Fresh Issue Size17,18,000 shares78,03,200 shares
Fresh Issue Size (Amount)up to ₹10.31 Crup to ₹67.11 Cr
OFS Issue Size45,16,000 shares20,00,000 shares
OFS Issue Size (Amount)up to ₹27.10 Crup to ₹17.20 Cr
Issue Size Total62,34,000 shares98,03,200 shares
Issue Size Total (Amount)up to ₹37.40 Crup to ₹84.31 Cr

IPO Timetable

Barflex Polyfilms IPO opens on Jan 10, 2025, while Rikhav Securities IPO opens on Jan 15, 2025. The closing date of Barflex Polyfilms IPO and Rikhav Securities IPO is Jan 15, 2025, and Jan 17, 2025, respectively.

 Barflex Polyfilms IPORikhav Securities IPO
Anchor Bid DateJan 09, 2025Jan 14, 2025
Issue OpenJan 10, 2025Jan 15, 2025
Issue CloseJan 15, 2025Jan 17, 2025
Basis Of Allotment (Tentative)Jan 16, 2025Jan 20, 2025
Initiation of Refunds (Tentative)Jan 17, 2025Jan 21, 2025
Credit of Share (Tentative)Jan 17, 2025Jan 21, 2025
Listing date (Tentative)Jan 20, 2025Jan 22, 2025
Anchor Lockin End date 1Feb 15, 2025Feb 19, 2025
Anchor Lockin End date 2Apr 16, 2025Apr 20, 2025

Financials & KPIs

Barflex Polyfilms IPO P/E ratio is 8.39, as compared to Rikhav Securities IPO P/E ratio of 6.04.

 Barflex Polyfilms IPORikhav Securities IPO
Financials

Barflex Polyfilms Limited Financial Information (Restated)

Period Ended30 Nov 202431 Mar 202431 Mar 202331 Mar 2022
Assets8,823.887,241.015,665.064,528.96
Total Income7,802.0911,612.1111,040.769,410.27
Profit After Tax1,349.281,623.551,013.07794.09
Net Worth7,732.156,382.874,759.323,746.26
Reserves and Surplus5,462.454,113.172,489.621,476.56
Total Borrowing11.5113.5916.525.87
Amount in ₹ Lakhs

Rikhav Securities Limited Financial Information (Restated Consolidated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets33,791.4930,206.8218,772.0118,070.69
Total Income9,615.8311,134.265,452.434,298.31
Profit After Tax5,037.324,264.631,910.271,762.47
Net Worth18,845.0613,807.749,496.217,585.94
Reserves and Surplus17,346.8612,309.547,998.017,086.54
Total Borrowing2,598.064,806.11994.271,506.12
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)92.6690.55
Promoter Shareholding (Post-Issue)66.7365.63
P/E Ratio8.396.04
Market Cap₹148.50 Cr.₹329.31 Cr.
ROE25.44%36.60%
ROCE27.21%29.48%
Debt/Equity0.35
EPS₹7.15₹14.23
RoNW25.44%30.89%

Shares Offered

In the Barflex Polyfilms IPO Retail Individual Investors (RII) are offered 21,82,000 shares while in Rikhav Securities IPO retail investors are offered 21,82,000 shares. Qualified Institutional Buyers (QIB) are offered 12,48,000 shares in Barflex Polyfilms IPO and 19,55,200 shares in Rikhav Securities IPO.

 Barflex Polyfilms IPORikhav Securities IPO
Anchor Investor Reserveration18,68,000 shares29,20,000 shares
Market Maker Reserveration3,34,000 shares5,24,800 shares
QIB12,48,000 shares19,55,200 shares
NII9,36,000 shares14,80,000 shares
RII21,82,000 shares34,48,000 shares
Employee0 shares0 shares
Others
Total62,34,000 shares98,03,200 shares

Bids Received (Subscription)

Barflex Polyfilms IPO subscribed 151.52x in total, whereas Rikhav Securities IPO subscribed 307.00x.

 Barflex Polyfilms IPORikhav Securities IPO
QIB (times)78.22x170.92x
NII (times)373.12x616.42x
Big NII (times)
Small NII (times)
RII (times)98.48x251.36x
Employee (times)
Other (times)
Total (times)151.52x307.00x