Apeejay Surrendra Park IPO vs BLS E-Services IPO

Comparision between Apeejay Surrendra Park IPO and BLS E-Services IPO.

IPO Details

Apeejay Surrendra Park IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while BLS E-Services IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Apeejay Surrendra Park IPO	BLS E-Services 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	Jm Financial Limited ICICI Securities Limited Axis Capital Limited	Unistone Capital Pvt Ltd
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
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 Apeejay Surrendra Park IPO is up to ₹920.00 Cr whereas the issue size of the BLS E-Services IPO is up to ₹310.91 Cr. The final issue price of Apeejay Surrendra Park IPO is ₹155.00 per share and of BLS E-Services IPO is ₹135.00 per share.

	Apeejay Surrendra Park IPO	BLS E-Services IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)	₹147.00 per share	₹129.00 per share
Issue Price (Upper)	₹155.00 per share	₹135.00 per share
Issue Price (Final)	₹155.00 per share	₹135.00 per share
Discount (Retail)
Discount (Employee)	₹7.00 per share
Market Lot Size	96 shares	108 shares
Fresh Issue Size	3,87,09,677 shares	2,30,30,000 shares
Fresh Issue Size (Amount)	up to ₹600.00 Cr	up to ₹310.91 Cr
OFS Issue Size	2,06,45,161 shares
OFS Issue Size (Amount)	up to ₹320.00 Cr
Issue Size Total	5,93,54,838 shares	2,30,30,000 shares
Issue Size Total (Amount)	up to ₹920.00 Cr	up to ₹310.91 Cr

IPO Timetable

Apeejay Surrendra Park IPO opens on Feb 05, 2024, while BLS E-Services IPO opens on Jan 30, 2024. The closing date of Apeejay Surrendra Park IPO and BLS E-Services IPO is Feb 07, 2024, and Feb 01, 2024, respectively.

	Apeejay Surrendra Park IPO	BLS E-Services IPO
Anchor Bid Date	Feb 02, 2024	Jan 29, 2024
Issue Open	Feb 05, 2024	Jan 30, 2024
Issue Close	Feb 07, 2024	Feb 01, 2024
Basis Of Allotment (Tentative)	Feb 08, 2024	Feb 02, 2024
Initiation of Refunds (Tentative)	Feb 09, 2024	Feb 05, 2024
Credit of Share (Tentative)	Feb 09, 2024	Feb 05, 2024
Listing date (Tentative)	Feb 12, 2024	Feb 06, 2024
Anchor Lockin End date 1	Mar 09, 2024	Mar 03, 2024
Anchor Lockin End date 2	May 08, 2024	May 02, 2024

Financials

Apeejay Surrendra Park IPO P/E ratio is 56.33, as compared to BLS E-Services IPO P/E ratio of 44.31.

Apeejay Surrendra Park IPO

BLS E-Services IPO

Financial

Apeejay Surrendra Park Hotels Limited Financial Information (Restated Consolidated)

Apeejay Surrendra Park Hotels Limited's revenue increased by 95.81% and profit after tax (PAT) rose by 270.42% 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	1,382.51	1,361.79	1,275.18	1,280.34
Revenue	272.31	524.43	267.83	190.29
Profit After Tax	22.95	48.06	-28.20	-75.88
Net Worth	578.71	555.68	508.51	536.28
Reserves and Surplus	561.24	538.22	491.05	518.81
Total Borrowing	597.09	566.88	622.68	593.44
Amount in ₹ Crore

BLS E-Services Limited Financial Information (Restated Consolidated)

BLS E-Services Limited's revenue increased by 150.31% and profit after tax (PAT) rose by 277.94% 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	213.77	179.47	55.93	40.59
Revenue	158.05	246.29	98.40	65.23
Profit After Tax	14.68	20.33	5.38	3.15
Net Worth	120.37	106.94	15.07	9.68
Total Borrowing	0.00	0.00	8.76	11.02
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

94.18%

93.80%

Promoter Shareholding (Post-Issue)

68.13%

68.90%

P/E Ratio

56.33

44.31

Market Cap

₹3307.26 Cr.

₹1226.56 Cr.

ROE

33.33%%

ROCE

30.62%%

Debt/Equity

0.99

0.05

EPS

₹2.75

₹3.05

RoNW

9.03%%

16.46%%

Shares Offered

In the Apeejay Surrendra Park IPO retail investors (RII) are offered 58,70,968 shares while in BLS E-Services IPO retail investors are offered 58,70,968 shares. Qualified institutional buyers (QIB) are offered 1,76,12,903 shares in Apeejay Surrendra Park IPO and 62,18,154 shares in BLS E-Services IPO.

	Apeejay Surrendra Park IPO	BLS E-Services IPO
Anchor Investor Reserveration	2,64,19,354 shares	93,27,096 shares
Market Maker Reserveration
QIB	1,76,12,903 shares	62,18,154 shares
NII	88,06,452 shares	31,09,050 shares
RII	58,70,968 shares	20,72,700 shares
Employee	6,75,675 shares	0 shares
Others
Total	3,29,65,998 shares	1,37,02,904 shares

Bids Received (Subscription)

Apeejay Surrendra Park IPO subscribed 62.91x in total, whereas BLS E-Services IPO subscribed 162.38x.

	Apeejay Surrendra Park IPO	BLS E-Services IPO
QIB (times)	79.23x	123.30x
NII (times)	55.26x	300.05x
Big NII (times)	61.55x	305.27x
Small NII (times)	42.68x	289.59x
RII (times)	32.00x	236.53x
Employee (times)	5.73x
Other (times)		15.30x
Total (times)	62.91x	162.38x

Compare with others

Apeejay Surrendra Park IPO	BLS E-Services IPO
Entero Healthcare Solutions IPO	Capital SFB IPO
Exicom Tele-Systems IPO	Jana SFB IPO
Capital SFB IPO	Platinum Industries IPO
Jana SFB IPO	Apeejay Surrendra Park IPO
Platinum Industries IPO	Rashi Peripherals IPO
Rashi Peripherals IPO	R K SWAMY IPO
BLS E-Services IPO	EPACK Durable IPO
R K SWAMY IPO	Nova AgriTech IPO
EPACK Durable IPO	Medi Assist Healthcare IPO
Nova AgriTech IPO	Jyoti CNC Automation IPO

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