Akanksha Power and Infrastructure IPO vs Balaji Valve Components IPO

Comparision between Akanksha Power and Infrastructure IPO and Balaji Valve Components IPO.

IPO Details

Akanksha Power and Infrastructure IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Balaji Valve Components IPO is a SME Book Built Issue proposed to list at BSE SME.

	Akanksha Power and Infrastructure IPO	Balaji Valve Components IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	BSE SME
Lead Managers	Narnolia Financial Services Ltd	Hem Securities Limited
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Nikunj Stock Brokers Limited	Hem Finlease Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Akanksha Power and Infrastructure IPO is up to ₹27.49 Cr whereas the issue size of the Balaji Valve Components IPO is up to ₹21.60 Cr. The final issue price of Akanksha Power and Infrastructure IPO is ₹55.00 per share and of Balaji Valve Components IPO is ₹100.00 per share.

	Akanksha Power and Infrastructure IPO	Balaji Valve Components IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹52.00 per share	₹95.00 per share
Issue Price (Upper)	₹55.00 per share	₹100.00 per share
Issue Price (Final)	₹55.00 per share	₹100.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1200 shares
Fresh Issue Size	49,98,000 shares	21,60,000 shares
Fresh Issue Size (Amount)	up to ₹27.49 Cr	up to ₹21.60 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	49,98,000 shares	21,60,000 shares
Issue Size Total (Amount)	up to ₹27.49 Cr	up to ₹21.60 Cr

IPO Timetable

Akanksha Power and Infrastructure IPO opens on Dec 27, 2023, while Balaji Valve Components IPO opens on Dec 27, 2023. The closing date of Akanksha Power and Infrastructure IPO and Balaji Valve Components IPO is Dec 29, 2023, and Dec 29, 2023, respectively.

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

Financials

Akanksha Power and Infrastructure IPO P/E ratio is 24.02, as compared to Balaji Valve Components IPO P/E ratio of 9.33.

Akanksha Power and Infrastructure IPO

Balaji Valve Components IPO

Financial

Akanksha Power and Infrastructure Limited Financial Information (Restated)

Akanksha Power and Infrastructure Limited's revenue decreased by -10.8% and profit after tax (PAT) rose by 20.58% 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	5,530.82	4,762.65	3,838.92	3,781.19
Revenue	1,027.27	4,644.03	5,206.50	7,441.05
Profit After Tax	71.06	290.50	240.92	392.12
Net Worth	2,074.75	1,595.94	1,305.42	1,064.50
Reserves and Surplus	722.70	1,414.44	1,123.92	883.00
Total Borrowing	1,722.62	1,527.68	1,055.03	891.47
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)

83.28%

100%

Promoter Shareholding (Post-Issue)

60.81%

73.53%

P/E Ratio

24.02

9.33

Market Cap

₹101.85 Cr.

₹81.60 Cr.

ROE

18.20%%

136.76%%

ROCE

22.75%%

26.47%%

Debt/Equity

0.96

3.63

EPS

₹2.29

₹10.72

RoNW

18.20%%

81.50%%

Shares Offered

In the Akanksha Power and Infrastructure IPO retail investors (RII) are offered 16,60,000 shares while in Balaji Valve Components IPO retail investors are offered 16,60,000 shares. Qualified institutional buyers (QIB) are offered 9,48,000 shares in Akanksha Power and Infrastructure IPO and 4,09,200 shares in Balaji Valve Components IPO.

	Akanksha Power and Infrastructure IPO	Balaji Valve Components IPO
Anchor Investor Reserveration	14,18,000 shares	6,13,200 shares
Market Maker Reserveration	2,60,000 shares	1,14,000 shares
QIB	9,48,000 shares	4,09,200 shares
NII	7,12,000 shares	3,07,200 shares
RII	16,60,000 shares	7,16,400 shares
Employee	0 shares	0 shares
Others
Total	33,20,000 shares	14,32,800 shares

Bids Received (Subscription)

Akanksha Power and Infrastructure IPO subscribed 117.39x in total, whereas Balaji Valve Components IPO subscribed 276.44x.

	Akanksha Power and Infrastructure IPO	Balaji Valve Components IPO
QIB (times)	38.51x	70.04x
NII (times)	238.60x	799.70x
Big NII (times)
Small NII (times)
RII (times)	110.44x	169.95x
Employee (times)
Other (times)
Total (times)	117.39x	276.44x

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Akanksha Power and Infrastructure IPO	Balaji Valve Components IPO
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MCPL IPO	Indifra IPO
Kay Cee Energy & Infra IPO	Sameera Agro IPO
Balaji Valve Components IPO	Supreme Power Equipment IPO
AIK Pipes And Polymers IPO	Sahara Maritime IPO

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