Blue Pebble IPO vs Vruddhi Engineering Works IPO

Comparison between Blue Pebble IPO and Vruddhi Engineering Works IPO.

IPO Details

Blue Pebble IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Vruddhi Engineering Works IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of Blue Pebble IPO is up to ₹17.20 Cr whereas the issue size of the Vruddhi Engineering Works IPO is up to ₹4.51 Cr. The final issue price of Blue Pebble IPO is ₹168.00 per share and of Vruddhi Engineering Works IPO is ₹70.00 per share.

 Blue Pebble IPOVruddhi Engineering Works IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹159.00 per share₹66.00 per share
Issue Price (Upper)₹168.00 per share₹70.00 per share
Issue Price (Final)₹168.00 per share₹70.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size800 shares2000 shares
Fresh Issue Size10,24,000 shares6,44,000 shares
Fresh Issue Size (Amount)up to ₹17.20 Crup to ₹4.51 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total10,24,000 shares6,44,000 shares
Issue Size Total (Amount)up to ₹17.20 Crup to ₹4.51 Cr

IPO Timetable

Blue Pebble IPO opens on Mar 26, 2024, while Vruddhi Engineering Works IPO opens on Mar 26, 2024. The closing date of Blue Pebble IPO and Vruddhi Engineering Works IPO is Mar 28, 2024, and Mar 28, 2024, respectively.

 Blue Pebble IPOVruddhi Engineering Works IPO
Anchor Bid DateMar 22, 2024
Issue OpenMar 26, 2024Mar 26, 2024
Issue CloseMar 28, 2024Mar 28, 2024
Basis Of Allotment (Tentative)Apr 01, 2024Apr 01, 2024
Initiation of Refunds (Tentative)Apr 02, 2024Apr 02, 2024
Credit of Share (Tentative)Apr 02, 2024Apr 02, 2024
Listing date (Tentative)Apr 03, 2024Apr 03, 2024
Anchor Lockin End date 1May 01, 2024
Anchor Lockin End date 2Jun 30, 2024

Financials & KPIs

Blue Pebble IPO P/E ratio is 25.16, as compared to Vruddhi Engineering Works IPO P/E ratio of 17.13.

 Blue Pebble IPOVruddhi Engineering Works IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets9.348.763.433.00
Total Income13.2315.955.484.21
Profit After Tax2.922.000.380.20
NET Worth6.063.141.140.76
Reserves and Surplus3.063.131.130.75
Total Borrowing0.270.370.37
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets8.097.821.000.03
Total Income9.3513.102.210.00
Profit After Tax0.410.750.09-0.01
NET Worth2.532.120.100.00
Reserves and Surplus0.691.190.09-0.01
Total Borrowing3.023.230.470.02
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.0096.34
Promoter Shareholding (Post-Issue)73.52
P/E Ratio25.1617.13
Market Cap₹68.54 Cr.₹17.67 Cr.
ROE63.39%16.20%
ROCE64.12%15.53%
Debt/Equity1.19
EPS₹6.68₹4.09
RoNW48.14%16.20%

Shares Offered

In the Blue Pebble IPO Retail Individual Investors (RII) are offered 3,59,200 shares while in Vruddhi Engineering Works IPO retail investors are offered 3,59,200 shares. Qualified Institutional Buyers (QIB) are offered 2,04,800 shares in Blue Pebble IPO and 3,20,000 shares in Vruddhi Engineering Works IPO.

 Blue Pebble IPOVruddhi Engineering Works IPO
Anchor Investor Reservation3,05,600 shares
Market Maker Reservation56,000 shares36,000 shares
QIB2,04,800 shares3,20,000 shares
NII1,54,400 shares98,000 shares
RII3,59,200 shares2,26,000 shares
Employee
Others
Total10,24,000 shares6,44,000 shares

Bids Received (Subscription)

Blue Pebble IPO subscribed 56.32x in total, whereas Vruddhi Engineering Works IPO subscribed 12.67x.

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