Allied Blenders IPO vs Happy Forgings IPO

Comparision between Allied Blenders IPO and Happy Forgings IPO.

IPO Details

Allied Blenders IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Happy Forgings IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Allied Blenders IPO	Happy Forgings IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	ICICI Securities Limited Nuvama Wealth Management Limited Iti Capital Ltd	Jm Financial Limited Axis Capital Limited Equirus Capital Private Limited Motilal Oswal Investment Advisors Limited
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
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 Allied Blenders IPO is up to ₹1,500.00 Cr whereas the issue size of the Happy Forgings IPO is up to ₹1,008.59 Cr. The final issue price of Allied Blenders IPO is ₹281.00 per share and of Happy Forgings IPO is ₹850.00 per share.

	Allied Blenders IPO	Happy Forgings IPO
Face Value	₹2 per share	₹2 per share
Issue Price (Lower)	₹267.00 per share	₹808.00 per share
Issue Price (Upper)	₹281.00 per share	₹850.00 per share
Issue Price (Final)	₹281.00 per share	₹850.00 per share
Discount (Retail)
Discount (Employee)	₹26.00 per share
Market Lot Size	53 shares	17 shares
Fresh Issue Size	3,55,87,189 shares	47,05,882 shares
Fresh Issue Size (Amount)	up to ₹1,000.00 Cr	up to ₹400.00 Cr
OFS Issue Size	1,77,93,594 shares	71,59,920 shares
OFS Issue Size (Amount)	up to ₹500.00 Cr	up to ₹608.59 Cr
Issue Size Total	5,33,80,783 shares	1,18,65,802 shares
Issue Size Total (Amount)	up to ₹1,500.00 Cr	up to ₹1,008.59 Cr

IPO Timetable

Allied Blenders IPO opens on Jun 25, 2024, while Happy Forgings IPO opens on Dec 19, 2023. The closing date of Allied Blenders IPO and Happy Forgings IPO is Jun 27, 2024, and Dec 21, 2023, respectively.

	Allied Blenders IPO	Happy Forgings IPO
Anchor Bid Date	Jun 24, 2024	Dec 18, 2023
Issue Open	Jun 25, 2024	Dec 19, 2023
Issue Close	Jun 27, 2024	Dec 21, 2023
Basis Of Allotment (Tentative)	Jun 28, 2024	Dec 22, 2023
Initiation of Refunds (Tentative)	Jul 01, 2024	Dec 26, 2023
Credit of Share (Tentative)	Jul 01, 2024	Dec 26, 2023
Listing date (Tentative)	Jul 02, 2024	Dec 27, 2023
Anchor Lockin End date 1	Jul 28, 2024	Jan 21, 2024
Anchor Lockin End date 2	Sep 26, 2024	Mar 21, 2024

Financials

Allied Blenders IPO P/E ratio is 4284.57, as compared to Happy Forgings IPO P/E ratio of 36.45.

Allied Blenders IPO

Happy Forgings IPO

Financial

Allied Blenders and Distillers Limited Financial Information (Restated Consolidated)

Allied Blenders and Distillers Limited's revenue decreased by -1.27% and profit after tax (PAT) rose by 8.47% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,741.39	2,487.70	2,248.35	2,298.57
Revenue	5,914.98	7,116.75	7,208.17	6,397.81
Profit After Tax	4.23	1.60	1.48	2.51
Net Worth	409.26	406.10	404.10	381.78
Reserves and Surplus	360.43	357.28	356.99	327.85
Total Borrowing	798.11	780.82	846.91	954.74
Amount in ₹ Crore

Happy Forgings Limited Financial Information (Restated Standalone)

Happy Forgings Limited's revenue increased by 38.81% and profit after tax (PAT) rose by 46.67% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,489.80	1,326.17	1,129.87	876.38
Revenue	675.73	1,202.27	866.11	590.81
Profit After Tax	119.30	208.70	142.29	86.45
Net Worth	1,103.33	988.31	787.62	645.16
Reserves and Surplus	1,088.25	978.66	769.72	636.21
Total Borrowing	258.97	218.52	240.35	153.47
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

96.21%

88.24%

Promoter Shareholding (Post-Issue)

80.91%

78.60%

P/E Ratio

4284.57

36.45

Market Cap

₹7859.59 Cr.

₹8007.42 Cr.

ROE

1.03%%

21.12%%

ROCE

24.35%%

24.24%%

Debt/Equity

1.88

EPS

₹0.07

₹23.32

RoNW

1.03%%

21.12%%

Shares Offered

In the Allied Blenders IPO retail investors (RII) are offered 1,86,45,907 shares while in Happy Forgings IPO retail investors are offered 1,86,45,907 shares. Qualified institutional buyers (QIB) are offered 1,06,54,804 shares in Allied Blenders IPO and 23,73,160 shares in Happy Forgings IPO.

	Allied Blenders IPO	Happy Forgings IPO
Anchor Investor Reserveration	1,59,82,206 shares	35,59,740 shares
Market Maker Reserveration
QIB	1,06,54,804 shares	23,73,160 shares
NII	79,91,103 shares	17,79,870 shares
RII	1,86,45,907 shares	41,53,031 shares
Employee	1,17,647 shares	0 shares
Others
Total	3,72,91,814 shares	83,06,061 shares

Bids Received (Subscription)

Allied Blenders IPO subscribed 24.85x in total, whereas Happy Forgings IPO subscribed 82.63x.

	Allied Blenders IPO	Happy Forgings IPO
QIB (times)	53.01x	214.65x
NII (times)	34.09x	63.45x
Big NII (times)	39.76x	69.87x
Small NII (times)	22.75x	50.61x
RII (times)	4.73x	15.40x
Employee (times)	10.44x
Other (times)
Total (times)	24.85x	82.63x

Compare with others

Allied Blenders IPO	Happy Forgings IPO
Motisons Jewellers IPO	Inox CVA IPO
Mukka Proteins IPO	Suraj Estate Developers IPO
Happy Forgings IPO	RBZ Jewellers IPO
Muthoot Microfin IPO	Motisons Jewellers IPO
DOMS IPO	Mukka Proteins IPO
Flair Writing IPO	Muthoot Microfin IPO
IREDA IPO	DOMS IPO
Fedbank Financial Services IPO	Allied Blenders IPO
Gandhar Oil Refinery India IPO	Flair Writing IPO
ASK Automotive IPO	IREDA IPO

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