Bharat Highways InvIT vs Krystal Integrated Services IPO

Comparision between Bharat Highways InvIT and Krystal Integrated Services IPO.

IPO Details

Bharat Highways InvIT is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Krystal Integrated Services IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Bharat Highways InvIT	Krystal Integrated Services IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	InvIT	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	ICICI Securities Limited Axis Bank Limited Hdfc Bank Limited Iifl Securities Ltd	Inga Ventures Pvt Ltd
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
Market Maker
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 Bharat Highways InvIT is up to ₹2,500.00 Cr whereas the issue size of the Krystal Integrated Services IPO is up to ₹300.13 Cr. The final issue price of Bharat Highways InvIT is ₹100.00 per share and of Krystal Integrated Services IPO is ₹715.00 per share.

	Bharat Highways InvIT	Krystal Integrated Services IPO
Face Value		₹10 per share
Issue Price (Lower)	₹98.00 per share	₹680.00 per share
Issue Price (Upper)	₹100.00 per share	₹715.00 per share
Issue Price (Final)	₹100.00 per share	₹715.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	150 shares	20 shares
Fresh Issue Size	25,00,00,000 shares	24,47,552 shares
Fresh Issue Size (Amount)	up to ₹2,500.00 Cr	up to ₹175.00 Cr
OFS Issue Size		17,50,000 shares
OFS Issue Size (Amount)		up to ₹125.13 Cr
Issue Size Total	25,00,00,000 shares	41,97,552 shares
Issue Size Total (Amount)	up to ₹2,500.00 Cr	up to ₹300.13 Cr

IPO Timetable

Bharat Highways InvIT opens on Feb 28, 2024, while Krystal Integrated Services IPO opens on Mar 14, 2024. The closing date of Bharat Highways InvIT and Krystal Integrated Services IPO is Mar 01, 2024, and Mar 18, 2024, respectively.

	Bharat Highways InvIT	Krystal Integrated Services IPO
Anchor Bid Date	Feb 27, 2024	Mar 13, 2024
Issue Open	Feb 28, 2024	Mar 14, 2024
Issue Close	Mar 01, 2024	Mar 18, 2024
Basis Of Allotment (Tentative)	Mar 06, 2024	Mar 19, 2024
Initiation of Refunds (Tentative)	Mar 07, 2024	Mar 20, 2024
Credit of Share (Tentative)	Mar 07, 2024	Mar 20, 2024
Listing date (Tentative)	Mar 12, 2024	Mar 21, 2024
Anchor Lockin End date 1	Apr 05, 2024	Apr 18, 2024
Anchor Lockin End date 2	Jun 04, 2024	Jun 17, 2024

Financials

Bharat Highways InvIT P/E ratio is , as compared to Krystal Integrated Services IPO P/E ratio of 21.45.

Bharat Highways InvIT

Krystal Integrated Services IPO

Financial

Bharat Highways Infrastructure Investment Trust Financial Information (Restated)

Bharat Highways Infrastructure Investment Trust's revenue decreased by -3.92% and profit after tax (PAT) rose by 738.34% 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	5,916.80	6,056.28	5,536.40	4,943.95
Revenue	388.54	1,537.47	1,600.18	2,170.39
Profit After Tax	101.35	527.05	62.87	149.45
Amount in ₹ Crore

Krystal Integrated Services Limited Financial Information (Restated Consolidated)

Krystal Integrated Services Limited's revenue increased by 28.13% and profit after tax (PAT) rose by 46.89% 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	449.83	343.47	404.39	338.47
Revenue	455.67	710.97	554.86	474.31
Profit After Tax	20.56	38.41	26.15	16.65
Net Worth	183.68	163.41	163.86	136.08
Reserves and Surplus	170.09	155.27	156.04	129.76
Total Borrowing	103.36	47.99	72.55	65.31
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

99.99%

Promoter Shareholding (Post-Issue)

P/E Ratio

21.45

Market Cap

₹998.99 Cr.

ROE

11.71%%

ROCE

16.97%%

Debt/Equity

0.58

EPS

₹33.33

RoNW

11.21%%

Shares Offered

In the Bharat Highways InvIT retail investors (RII) are offered 0 shares while in Krystal Integrated Services IPO retail investors are offered 0 shares. Qualified institutional buyers (QIB) are offered 5,61,88,800 shares in Bharat Highways InvIT and 8,39,510 shares in Krystal Integrated Services IPO.

	Bharat Highways InvIT	Krystal Integrated Services IPO
Anchor Investor Reserveration	8,25,97,350 shares	12,59,265 shares
Market Maker Reserveration
QIB	5,61,88,800 shares	8,39,510 shares
NII	0 shares	6,29,633 shares
RII	0 shares	14,69,143 shares
Employee	0 shares	0 shares
Others
Total	10,30,12,800 shares	29,38,286 shares

Bids Received (Subscription)

Bharat Highways InvIT subscribed 6.74x in total, whereas Krystal Integrated Services IPO subscribed 13.49x.

	Bharat Highways InvIT	Krystal Integrated Services IPO
QIB (times)	6.59x	7.32x
NII (times)		45.23x
Big NII (times)		52.07x
Small NII (times)		31.54x
RII (times)		3.42x
Employee (times)
Other (times)	6.93x
Total (times)	6.74x	13.49x

Compare with others

Bharat Highways InvIT	Krystal Integrated Services IPO
SRM Contractors IPO	VI FPO
Popular Vehicles & Services IPO	Bharti Hexacom IPO
Gopal Namkeen IPO	SRM Contractors IPO
Krystal Integrated Services IPO	Popular Vehicles & Services IPO
JG Chemicals IPO	Gopal Namkeen IPO
GPT Healthcare IPO	JG Chemicals IPO
Juniper Hotels IPO	Bharat Highways InvIT
Vibhor Steel Tubes IPO	GPT Healthcare IPO
Entero Healthcare Solutions IPO	Juniper Hotels IPO
Exicom Tele-Systems IPO	Vibhor Steel Tubes IPO

Comments

Add a public comment...