AIK Pipes And Polymers IPO vs Balaji Valve Components IPO

Comparision between AIK Pipes And Polymers IPO and Balaji Valve Components IPO.

IPO Details

AIK Pipes And Polymers IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Balaji Valve Components IPO is a SME Book Built Issue proposed to list at BSE SME.

	AIK Pipes And Polymers IPO	Balaji Valve Components IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	BSE SME
Lead Managers	Shreni Shares Limited	Hem Securities Limited
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Shreni Shares Limited	Hem Finlease Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of AIK Pipes And Polymers IPO is up to ₹15.02 Cr whereas the issue size of the Balaji Valve Components IPO is up to ₹21.60 Cr. The final issue price of AIK Pipes And Polymers IPO is ₹89.00 per share and of Balaji Valve Components IPO is ₹100.00 per share.

	AIK Pipes And Polymers IPO	Balaji Valve Components 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)	₹89.00 per share	₹100.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1200 shares
Fresh Issue Size	16,88,000 shares	21,60,000 shares
Fresh Issue Size (Amount)	up to ₹15.02 Cr	up to ₹21.60 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	16,88,000 shares	21,60,000 shares
Issue Size Total (Amount)	up to ₹15.02 Cr	up to ₹21.60 Cr

IPO Timetable

AIK Pipes And Polymers IPO opens on Dec 26, 2023, while Balaji Valve Components IPO opens on Dec 27, 2023. The closing date of AIK Pipes And Polymers IPO and Balaji Valve Components IPO is Dec 28, 2023, and Dec 29, 2023, respectively.

	AIK Pipes And Polymers IPO	Balaji Valve Components IPO
Anchor Bid Date		Dec 26, 2023
Issue Open	Dec 26, 2023	Dec 27, 2023
Issue Close	Dec 28, 2023	Dec 29, 2023
Basis Of Allotment (Tentative)	Dec 29, 2023	Jan 01, 2024
Initiation of Refunds (Tentative)	Jan 01, 2024	Jan 02, 2024
Credit of Share (Tentative)	Jan 01, 2024	Jan 02, 2024
Listing date (Tentative)	Jan 02, 2024	Jan 03, 2024
Anchor Lockin End date 1	Jan 28, 2024	Jan 31, 2024
Anchor Lockin End date 2	Mar 28, 2024	Mar 31, 2024

Financials

AIK Pipes And Polymers IPO P/E ratio is 21.54, as compared to Balaji Valve Components IPO P/E ratio of 9.33.

AIK Pipes And Polymers IPO

Balaji Valve Components IPO

Financial

AIK Pipes And Polymers Limited Financial Information (Restated)

AIK Pipes And Polymers Limited's revenue increased by 47.21% and profit after tax (PAT) rose by 113.58% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,638.56	1,450.50	968.13	739.75
Revenue	1,400.42	3,077.92	2,090.84	1,020.54
Profit After Tax	101.97	187.74	87.90	26.99
Net Worth	662.47	560.50	202.76	84.86
Reserves and Surplus	194.97	433.00	132.76	44.86
Total Borrowing	429.91	538.09	432.17	382.88
Amount in ₹ Lakhs

Shri Balaji Valve Component Limited Financial Information (Restated)

Shri Balaji Valve Component Limited's revenue increased by 61.14% and profit after tax (PAT) rose by 319.07% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	5,132.00	5,023.02	3,973.46	1,758.63
Revenue	1,654.64	6,294.10	3,906.05	1,616.49
Profit After Tax	184.84	643.15	153.47	-3.22
Net Worth	975.66	789.14	144.64	-10.85
Reserves and Surplus	377.01	790.85	147.70	-5.77
Total Borrowing	2,879.49	2,877.99	2,799.71	1,399.54
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

73.47%

73.53%

P/E Ratio

21.54

9.33

Market Cap

₹56.63 Cr.

₹81.60 Cr.

ROE

49.19%%

136.76%%

ROCE

17.90%%

26.47%%

Debt/Equity

0.96

3.63

EPS

₹4.13

₹10.72

RoNW

33.50%

81.50%%

Shares Offered

In the AIK Pipes And Polymers IPO retail investors (RII) are offered 8,01,600 shares while in Balaji Valve Components IPO retail investors are offered 8,01,600 shares. Qualified institutional buyers (QIB) are offered 0 shares in AIK Pipes And Polymers IPO and 4,09,200 shares in Balaji Valve Components IPO.

	AIK Pipes And Polymers IPO	Balaji Valve Components IPO
Anchor Investor Reserveration		6,13,200 shares
Market Maker Reserveration	84,800 shares	1,14,000 shares
QIB	0 shares	4,09,200 shares
NII	8,01,600 shares	3,07,200 shares
RII	8,01,600 shares	7,16,400 shares
Employee	0 shares	0 shares
Others
Total	16,03,200 shares	14,32,800 shares

Bids Received (Subscription)

AIK Pipes And Polymers IPO subscribed 43.57x in total, whereas Balaji Valve Components IPO subscribed 276.44x.

	AIK Pipes And Polymers IPO	Balaji Valve Components IPO
QIB (times)		70.04x
NII (times)	52.17x	799.70x
Big NII (times)
Small NII (times)
RII (times)	30.93x	169.95x
Employee (times)
Other (times)
Total (times)	43.57x	276.44x

Compare with others

AIK Pipes And Polymers IPO	Balaji Valve Components IPO
Akanksha Power and Infrastructure IPO	Kaushalya Logistics IPO
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MCPL IPO	HRH Next Services IPO
Kay Cee Energy & Infra IPO	MCPL IPO
Balaji Valve Components IPO	Kay Cee Energy & Infra IPO
Indifra IPO	AIK Pipes And Polymers IPO
Sameera Agro IPO	Indifra IPO
Supreme Power Equipment IPO	Sameera Agro IPO
Sahara Maritime IPO	Supreme Power Equipment IPO
Electro Force India IPO	Sahara Maritime IPO

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