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Bhatia Colour Chem IPO vs SP Refractories IPO

Comparison between Bhatia Colour Chem IPO and SP Refractories IPO.

IPO Details

Bhatia Colour Chem IPO is a SME Fixed Price IPO proposed to list at BSE SME while SP Refractories IPO is a SME Fixed Price proposed to list at NSE SME.

 Bhatia Colour Chem IPOSP Refractories IPO
LogoBhatia Colour Chem IPO LogoSP Refractories IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersInteractive Financial Services Ltd.Aryaman Financial Services Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerNNM Securities Pvt.Ltd.Aryaman Capital Markets Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Bhatia Colour Chem IPO is up to ₹37.89 Cr whereas the issue size of the SP Refractories IPO is up to ₹4.67 Cr. The final issue price of Bhatia Colour Chem IPO is ₹80.00 per share and of SP Refractories IPO is ₹90.00 per share.

 Bhatia Colour Chem IPOSP Refractories IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹80.00 per share₹90.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares1600 shares
Fresh Issue Size47,36,000 shares2,68,800 shares
Fresh Issue Size (Amount)up to ₹37.89 Crup to ₹2.42 Cr
OFS Issue Size0 shares2,49,600 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹2.25 Cr
Issue Size Total47,36,000 shares5,18,400 shares
Issue Size Total (Amount)up to ₹37.89 Crup to ₹4.67 Cr

IPO Timetable

Bhatia Colour Chem IPO opens on Mar 14, 2022, while SP Refractories IPO opens on Mar 09, 2022. The closing date of Bhatia Colour Chem IPO and SP Refractories IPO is Mar 16, 2022, and Mar 11, 2022, respectively.

 Bhatia Colour Chem IPOSP Refractories IPO
Anchor Bid Date
Issue OpenMar 14, 2022Mar 09, 2022
Issue CloseMar 16, 2022Mar 11, 2022
Basis Of Allotment (Tentative)Mar 16, 2022
Initiation of Refunds (Tentative)Mar 17, 2022
Credit of Share (Tentative)Mar 21, 2022
Listing date (Tentative)Mar 24, 2022Mar 22, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Bhatia Colour Chem IPO P/E ratio is 166, as compared to SP Refractories IPO P/E ratio of 9.94.

 Bhatia Colour Chem IPOSP Refractories IPO
Financials
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (Rs in Lakhs)
  18-Feb-22
Total Assets 3,727.56
Total Revenue 531.96
Profit After Tax 35.30
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Lakh)
  30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 1,232.20 1,057.17 898.33 792.01
Total Revenue 1,447.64 2,572.48 2,099.59 1,855.95
Profit After Tax 80.74 75.35 39.93 20.59
Promoter Shareholding (Pre-Issue)74.65100
Promoter Shareholding (Post-Issue)44.1469.42
P/E Ratio1669.94
Market Cap₹97.87 Cr.₹16.11 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Bhatia Colour Chem IPO Retail Individual Investors (RII) are offered 23,68,000 shares while in SP Refractories IPO retail investors are offered 23,68,000 shares. Qualified Institutional Buyers (QIB) are offered in Bhatia Colour Chem IPO and in SP Refractories IPO.

 Bhatia Colour Chem IPOSP Refractories IPO
Anchor Investor Reserveration
Market Maker Reserveration2,64,000 shares28,800 shares
QIB
NII23,68,000 shares2,59,200 shares
RII23,68,000 shares2,59,200 shares
Employee
Others
Total47,36,000 shares5,18,400 shares

Bids Received (Subscription)

Bhatia Colour Chem IPO subscribed 1.43x in total, whereas SP Refractories IPO subscribed 7.24x.

 Bhatia Colour Chem IPOSP Refractories IPO
QIB (times)
NII (times)2.69x5.64x
Big NII (times)
Small NII (times)
RII (times)0.18x8.85x
Employee (times)
Other (times)
Total (times)1.43x7.24x