Balaji Valve Components IPO vs HRH Next Services IPO

Comparision between Balaji Valve Components IPO and HRH Next Services IPO.

IPO Details

Balaji Valve Components IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while HRH Next Services IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Balaji Valve Components IPO	HRH Next Services IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Hem Securities Limited	Finshore Management Services Limited
Registrar	Bigshare Services Pvt Ltd	Cameo Corporate Services Limited
Market Maker	Hem Finlease Private Limited	Nikunj Stock Brokers 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 Balaji Valve Components IPO is up to ₹21.60 Cr whereas the issue size of the HRH Next Services IPO is up to ₹9.57 Cr. The final issue price of Balaji Valve Components IPO is ₹100.00 per share and of HRH Next Services IPO is ₹36.00 per share.

	Balaji Valve Components IPO	HRH Next Services 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)	₹100.00 per share	₹36.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	3000 shares
Fresh Issue Size	21,60,000 shares	26,58,000 shares
Fresh Issue Size (Amount)	up to ₹21.60 Cr	up to ₹9.57 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	21,60,000 shares	26,58,000 shares
Issue Size Total (Amount)	up to ₹21.60 Cr	up to ₹9.57 Cr

IPO Timetable

Balaji Valve Components IPO opens on Dec 27, 2023, while HRH Next Services IPO opens on Dec 27, 2023. The closing date of Balaji Valve Components IPO and HRH Next Services IPO is Dec 29, 2023, and Dec 29, 2023, respectively.

	Balaji Valve Components IPO	HRH Next Services IPO
Anchor Bid Date	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

Balaji Valve Components IPO P/E ratio is 9.33, as compared to HRH Next Services IPO P/E ratio of 6.78.

Balaji Valve Components IPO

HRH Next Services IPO

Financial

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

HRH Next Services Limited Financial Information (Restated)

HRH Next Services Limited's revenue increased by 15.73% and profit after tax (PAT) rose by 273.85% 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	3,113.86	2,882.29	1,864.85	1,298.10
Revenue	2,152.51	5,124.96	4,428.42	2,424.26
Profit After Tax	150.84	347.79	93.03	25.18
Net Worth	1,320.71	1,044.79	697.00	603.97
Reserves and Surplus	665.96	1,024.79	677.00	583.97
Total Borrowing	1,083.77	990.57	442.58	401.88
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

97.88%

Promoter Shareholding (Post-Issue)

73.53%

69.61%

P/E Ratio

9.33

6.78

Market Cap

₹81.60 Cr.

₹33.14 Cr.

ROE

136.76%%

39.94%%

ROCE

26.47%%

6.80%%

Debt/Equity

3.63

0.12

EPS

₹10.72

₹5.31

RoNW

81.50%%

33.29%%

Shares Offered

In the Balaji Valve Components IPO retail investors (RII) are offered 7,16,400 shares while in HRH Next Services IPO retail investors are offered 7,16,400 shares. Qualified institutional buyers (QIB) are offered 4,09,200 shares in Balaji Valve Components IPO and 0 shares in HRH Next Services IPO.

	Balaji Valve Components IPO	HRH Next Services IPO
Anchor Investor Reserveration	6,13,200 shares
Market Maker Reserveration	1,14,000 shares	1,35,000 shares
QIB	4,09,200 shares	0 shares
NII	3,07,200 shares	12,63,000 shares
RII	7,16,400 shares	12,60,000 shares
Employee	0 shares	0 shares
Others
Total	14,32,800 shares	25,23,000 shares

Bids Received (Subscription)

Balaji Valve Components IPO subscribed 276.44x in total, whereas HRH Next Services IPO subscribed 66.29x.

	Balaji Valve Components IPO	HRH Next Services IPO
QIB (times)	70.04x
NII (times)	799.70x	66.91x
Big NII (times)
Small NII (times)
RII (times)	169.95x	63.61x
Employee (times)
Other (times)
Total (times)	276.44x	66.29x

Compare with others

Balaji Valve Components IPO	HRH Next Services IPO
Kaushalya Logistics IPO	Lawsikho IPO
Akanksha Power and Infrastructure IPO	IBL Finance IPO
HRH Next Services IPO	New Swan Multitech IPO
MCPL IPO	Kaushalya Logistics IPO
Kay Cee Energy & Infra IPO	Akanksha Power and Infrastructure IPO
AIK Pipes And Polymers IPO	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	Indifra IPO

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