Bharat Highways InvIT vs Popular Vehicles & Services IPO

Comparision between Bharat Highways InvIT and Popular Vehicles & Services IPO.

IPO Details

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

	Bharat Highways InvIT	Popular Vehicles & 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	ICICI Securities Limited Nuvama Wealth Management Limited Centrum Capital Limited
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 Popular Vehicles & Services IPO is up to ₹601.55 Cr. The final issue price of Bharat Highways InvIT is ₹100.00 per share and of Popular Vehicles & Services IPO is ₹295.00 per share.

	Bharat Highways InvIT	Popular Vehicles & Services IPO
Face Value		₹2 per share
Issue Price (Lower)	₹98.00 per share	₹280.00 per share
Issue Price (Upper)	₹100.00 per share	₹295.00 per share
Issue Price (Final)	₹100.00 per share	₹295.00 per share
Discount (Retail)
Discount (Employee)		₹28.00 per share
Market Lot Size	150 shares	50 shares
Fresh Issue Size	25,00,00,000 shares	84,78,130 shares
Fresh Issue Size (Amount)	up to ₹2,500.00 Cr	up to ₹250.00 Cr
OFS Issue Size		1,19,17,075 shares
OFS Issue Size (Amount)		up to ₹351.55 Cr
Issue Size Total	25,00,00,000 shares	2,03,95,205 shares
Issue Size Total (Amount)	up to ₹2,500.00 Cr	up to ₹601.55 Cr

IPO Timetable

Bharat Highways InvIT opens on Feb 28, 2024, while Popular Vehicles & Services IPO opens on Mar 12, 2024. The closing date of Bharat Highways InvIT and Popular Vehicles & Services IPO is Mar 01, 2024, and Mar 14, 2024, respectively.

	Bharat Highways InvIT	Popular Vehicles & Services IPO
Anchor Bid Date	Feb 27, 2024	Mar 11, 2024
Issue Open	Feb 28, 2024	Mar 12, 2024
Issue Close	Mar 01, 2024	Mar 14, 2024
Basis Of Allotment (Tentative)	Mar 06, 2024	Mar 15, 2024
Initiation of Refunds (Tentative)	Mar 07, 2024	Mar 18, 2024
Credit of Share (Tentative)	Mar 07, 2024	Mar 18, 2024
Listing date (Tentative)	Mar 12, 2024	Mar 19, 2024
Anchor Lockin End date 1	Apr 05, 2024	Apr 14, 2024
Anchor Lockin End date 2	Jun 04, 2024	Jun 13, 2024

Financials

Bharat Highways InvIT P/E ratio is , as compared to Popular Vehicles & Services IPO P/E ratio of 28.88.

Bharat Highways InvIT

Popular Vehicles & 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

Popular Vehicles & Services Limited Financial Information (Restated Consolidated)

Popular Vehicles & Services Limited's revenue increased by 40.42% and profit after tax (PAT) rose by 90.31% 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	1,941.78	1,503.78	1,263.29	1,118.94
Revenue	2,848.21	4,892.63	3,484.20	2,919.25
Profit After Tax	40.04	64.07	33.67	32.46
Net Worth	384.21	343.04	279.89	246.00
Reserves and Surplus	371.67	330.50	267.34	233.46
Total Borrowing	764.61	505.01	371.91	353.04
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

69.45%

Promoter Shareholding (Post-Issue)

61.17%

P/E Ratio

28.88

Market Cap

₹2100.28 Cr.

ROE

10.42%%

ROCE

8.83%%

Debt/Equity

1.99

EPS

₹10.22

RoNW

10.42%%

Shares Offered

In the Bharat Highways InvIT retail investors (RII) are offered 0 shares while in Popular Vehicles & Services IPO retail investors are offered 0 shares. Qualified institutional buyers (QIB) are offered 5,61,88,800 shares in Bharat Highways InvIT and 40,71,551 shares in Popular Vehicles & Services IPO.

	Bharat Highways InvIT	Popular Vehicles & Services IPO
Anchor Investor Reserveration	8,25,97,350 shares	61,07,325 shares
Market Maker Reserveration
QIB	5,61,88,800 shares	40,71,551 shares
NII	0 shares	30,53,663 shares
RII	0 shares	71,25,213 shares
Employee	0 shares	37,453 shares
Others
Total	10,30,12,800 shares	1,42,87,880 shares

Bids Received (Subscription)

Bharat Highways InvIT subscribed 6.74x in total, whereas Popular Vehicles & Services IPO subscribed 1.25x.

	Bharat Highways InvIT	Popular Vehicles & Services IPO
QIB (times)	6.59x	1.92x
NII (times)		0.67x
Big NII (times)		0.67x
Small NII (times)		0.68x
RII (times)		1.07x
Employee (times)		8.04x
Other (times)	6.93x
Total (times)	6.74x	1.25x

Compare with others

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

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