Bikaji Foods IPO vs Dharmaj Crop Guard IPO

Comparision between Bikaji Foods IPO and Dharmaj Crop Guard IPO.

IPO Details

Bikaji Foods IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Dharmaj Crop Guard IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Bikaji Foods IPO	Dharmaj Crop Guard 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 Axis Capital Limited Iifl Securities Ltd Intensive Fiscal Services Private Limited Kotak Mahindra Capital Company Limited	Elara Capital (India) Private Limited Monarch Networth Capital Ltd
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
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 Bikaji Foods IPO is up to ₹881.22 Cr whereas the issue size of the Dharmaj Crop Guard IPO is up to ₹251.15 Cr. The final issue price of Bikaji Foods IPO is ₹300.00 per share and of Dharmaj Crop Guard IPO is ₹237.00 per share.

	Bikaji Foods IPO	Dharmaj Crop Guard IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)	₹285.00 per share	₹216.00 per share
Issue Price (Upper)	₹300.00 per share	₹237.00 per share
Issue Price (Final)	₹300.00 per share	₹237.00 per share
Discount (Retail)
Discount (Employee)	₹15.00 per share
Market Lot Size	50 shares	60 shares
Fresh Issue Size		91,13,924 shares
Fresh Issue Size (Amount)		up to ₹216.00 Cr
OFS Issue Size	2,93,73,984 shares	14,83,000 shares
OFS Issue Size (Amount)	up to ₹881.22 Cr	up to ₹35.15 Cr
Issue Size Total	2,93,73,984 shares	1,05,96,924 shares
Issue Size Total (Amount)	up to ₹881.22 Cr	up to ₹251.15 Cr

IPO Timetable

Bikaji Foods IPO opens on Nov 03, 2022, while Dharmaj Crop Guard IPO opens on Nov 28, 2022. The closing date of Bikaji Foods IPO and Dharmaj Crop Guard IPO is Nov 07, 2022, and Nov 30, 2022, respectively.

	Bikaji Foods IPO	Dharmaj Crop Guard IPO
Anchor Bid Date
Issue Open	Nov 03, 2022	Nov 28, 2022
Issue Close	Nov 07, 2022	Nov 30, 2022
Basis Of Allotment (Tentative)	Nov 11, 2022	Dec 05, 2022
Initiation of Refunds (Tentative)	Nov 14, 2022	Dec 06, 2022
Credit of Share (Tentative)	Nov 15, 2022	Dec 06, 2022
Listing date (Tentative)	Nov 16, 2022	Dec 08, 2022
Anchor Lockin End date 1	Dec 11, 2022	Jan 04, 2023
Anchor Lockin End date 2	Feb 09, 2023	Mar 05, 2023

Financials

Bikaji Foods IPO P/E ratio is 119.05, as compared to Dharmaj Crop Guard IPO P/E ratio of 14.55.

Bikaji Foods IPO

Dharmaj Crop Guard IPO

Financial

Bikaji Foods International Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-19	630.9	910.65	50.93	469.77	72.31
31-Mar-20	676.64	1082.9	56.37	529.16	52.3
31-Mar-21	817.15	1322.21	90.34	604.1	86.15
30-Jun-21	871.96	337.08	12.41	618.45	101.13
31-Mar-22	1102.13	1621.45	76.03	819.26	141.23
30-Jun-22	1146.28	423.82	15.7	834.8	156.39
Amount in ₹ Crore

Dharmaj Crop Guard Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-19	47.66	139.95	5.02	10.46	20.35
31-Mar-20	92.58	199.16	10.76	35.22	20.18
31-Mar-21	128.87	303.56	20.96	56.14	26.92
31-Mar-22	219.54	396.29	28.69	82.82	36.93
31-Jul-22	305.76	221.17	18.36	101.17	51.56
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

77.97%

100%

Promoter Shareholding (Post-Issue)

75.96%

68.64%

P/E Ratio

119.05

14.55

Market Cap

₹7485.30 Cr.

₹801.00 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Bikaji Foods IPO retail investors (RII) are offered 1,01,93,395 shares while in Dharmaj Crop Guard IPO retail investors are offered 1,01,93,395 shares. Qualified institutional buyers (QIB) are offered 58,24,797 shares in Bikaji Foods IPO and 22,43,990 shares in Dharmaj Crop Guard IPO.

	Bikaji Foods IPO	Dharmaj Crop Guard IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	58,24,797 shares	22,43,990 shares
NII	43,68,598 shares	17,14,200 shares
RII	1,01,93,395 shares	39,99,800 shares
Employee	2,50,000 shares	55,000 shares
Others
Total	2,06,36,790 shares	80,12,990 shares

Bids Received (Subscription)

Bikaji Foods IPO subscribed 26.67x in total, whereas Dharmaj Crop Guard IPO subscribed 35.49x.

	Bikaji Foods IPO	Dharmaj Crop Guard IPO
QIB (times)	80.63x	48.21x
NII (times)	7.10x	52.29x
Big NII (times)	7.47x	52.97x
Small NII (times)	6.34x	50.93x
RII (times)	4.77x	21.53x
Employee (times)	4.38x	7.48x
Other (times)
Total (times)	26.67x	35.49x

Compare with others

Bikaji Foods IPO	Dharmaj Crop Guard IPO
Dharmaj Crop Guard IPO	KFin Technologies IPO
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Five Star Business Finance IPO	Inox Green Energy IPO
Uniparts India IPO	Archean Chemical IPO
Kaynes Technology IPO	Bikaji Foods IPO

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