Bharat Highways InvIT vs Vibhor Steel Tubes IPO

Comparision between Bharat Highways InvIT and Vibhor Steel Tubes IPO.

IPO Details

Bharat Highways InvIT is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Vibhor Steel Tubes IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Bharat Highways InvIT	Vibhor Steel Tubes 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	Khambatta Securities Limited
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
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 Vibhor Steel Tubes IPO is up to ₹72.17 Cr. The final issue price of Bharat Highways InvIT is ₹100.00 per share and of Vibhor Steel Tubes IPO is ₹151.00 per share.

	Bharat Highways InvIT	Vibhor Steel Tubes IPO
Face Value		₹10 per share
Issue Price (Lower)	₹98.00 per share	₹141.00 per share
Issue Price (Upper)	₹100.00 per share	₹151.00 per share
Issue Price (Final)	₹100.00 per share	₹151.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	150 shares	99 shares
Fresh Issue Size	25,00,00,000 shares	47,79,444 shares
Fresh Issue Size (Amount)	up to ₹2,500.00 Cr	up to ₹72.17 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	25,00,00,000 shares	47,79,444 shares
Issue Size Total (Amount)	up to ₹2,500.00 Cr	up to ₹72.17 Cr

IPO Timetable

Bharat Highways InvIT opens on Feb 28, 2024, while Vibhor Steel Tubes IPO opens on Feb 13, 2024. The closing date of Bharat Highways InvIT and Vibhor Steel Tubes IPO is Mar 01, 2024, and Feb 15, 2024, respectively.

	Bharat Highways InvIT	Vibhor Steel Tubes IPO
Anchor Bid Date	Feb 27, 2024	Feb 12, 2024
Issue Open	Feb 28, 2024	Feb 13, 2024
Issue Close	Mar 01, 2024	Feb 15, 2024
Basis Of Allotment (Tentative)	Mar 06, 2024	Feb 16, 2024
Initiation of Refunds (Tentative)	Mar 07, 2024	Feb 19, 2024
Credit of Share (Tentative)	Mar 07, 2024	Feb 19, 2024
Listing date (Tentative)	Mar 12, 2024	Feb 20, 2024
Anchor Lockin End date 1	Apr 05, 2024	Mar 17, 2024
Anchor Lockin End date 2	Jun 04, 2024	May 16, 2024

Financials

Bharat Highways InvIT P/E ratio is , as compared to Vibhor Steel Tubes IPO P/E ratio of 10.17.

Bharat Highways InvIT

Vibhor Steel Tubes 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

Vibhor Steel Tubes Limited Financial Information (Restated Consolidated)

Vibhor Steel Tubes Limited's revenue increased by 36.15% and profit after tax (PAT) rose by 85.91% 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	376.48	293.63	248.54	172.93
Revenue	531.24	1,114.38	818.48	511.51
Profit After Tax	8.52	21.07	11.33	0.69
Net Worth	101.76	93.20	71.97	60.49
Total Borrowing	160.27	126.83	106.07	58.74
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

98.24%

Promoter Shareholding (Post-Issue)

P/E Ratio

10.17

Market Cap

₹286.33 Cr.

ROE

25.51%%

ROCE

16.48%%

Debt/Equity

1.63

EPS

₹14.85

RoNW

22.60%%

Shares Offered

In the Bharat Highways InvIT retail investors (RII) are offered 0 shares while in Vibhor Steel Tubes IPO retail investors are offered 0 shares. Qualified institutional buyers (QIB) are offered 5,61,88,800 shares in Bharat Highways InvIT and 9,50,064 shares in Vibhor Steel Tubes IPO.

	Bharat Highways InvIT	Vibhor Steel Tubes IPO
Anchor Investor Reserveration	8,25,97,350 shares	14,24,907 shares
Market Maker Reserveration
QIB	5,61,88,800 shares	9,50,064 shares
NII	0 shares	7,12,491 shares
RII	0 shares	16,62,479 shares
Employee	0 shares	29,502 shares
Others
Total	10,30,12,800 shares	33,54,537 shares

Bids Received (Subscription)

Bharat Highways InvIT subscribed 6.74x in total, whereas Vibhor Steel Tubes IPO subscribed 320.05x.

	Bharat Highways InvIT	Vibhor Steel Tubes IPO
QIB (times)	6.59x	191.41x
NII (times)		772.49x
Big NII (times)		754.37x
Small NII (times)		808.72x
RII (times)		201.52x
Employee (times)		215.79x
Other (times)	6.93x
Total (times)	6.74x	320.05x

Compare with others

Bharat Highways InvIT	Vibhor Steel Tubes IPO
SRM Contractors IPO	Krystal Integrated Services IPO
Popular Vehicles & Services IPO	JG Chemicals IPO
Gopal Namkeen IPO	Bharat Highways InvIT
Krystal Integrated Services IPO	GPT Healthcare IPO
JG Chemicals IPO	Juniper Hotels IPO
GPT Healthcare IPO	Entero Healthcare Solutions IPO
Juniper Hotels IPO	Exicom Tele-Systems IPO
Vibhor Steel Tubes IPO	Capital SFB IPO
Entero Healthcare Solutions IPO	Jana SFB IPO
Exicom Tele-Systems IPO	Platinum Industries IPO

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