BikeWo GreenTech IPO vs Paramount Speciality Forgings IPO

Comparision between BikeWo GreenTech IPO and Paramount Speciality Forgings IPO.

IPO Details

BikeWo GreenTech IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Paramount Speciality Forgings IPO is a SME Book Built Issue proposed to list at NSE SME.

	BikeWo GreenTech IPO	Paramount Speciality Forgings IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Khandwala Securities Limited	Swaraj shares and securities private limited
Registrar	Bigshare Services Pvt Ltd	Purva Sharegistry India Pvt Ltd
Market Maker	Aftertrade Broking Pvt Ltd	Shreni Shares 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 BikeWo GreenTech IPO is up to ₹24.09 Cr whereas the issue size of the Paramount Speciality Forgings IPO is up to ₹32.34 Cr. The final issue price of BikeWo GreenTech IPO is ₹62.00 per share and of Paramount Speciality Forgings IPO is ₹59.00 per share.

	BikeWo GreenTech IPO	Paramount Speciality Forgings IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹59.00 per share	₹57.00 per share
Issue Price (Upper)	₹62.00 per share	₹59.00 per share
Issue Price (Final)	₹62.00 per share	₹59.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	38,86,000 shares	48,02,000 shares
Fresh Issue Size (Amount)	up to ₹24.09 Cr	up to ₹28.33 Cr
OFS Issue Size		6,80,000 shares
OFS Issue Size (Amount)		up to ₹4.01 Cr
Issue Size Total	38,86,000 shares	54,82,000 shares
Issue Size Total (Amount)	up to ₹24.09 Cr	up to ₹32.34 Cr

IPO Timetable

BikeWo GreenTech IPO opens on Sep 20, 2024, while Paramount Speciality Forgings IPO opens on Sep 17, 2024. The closing date of BikeWo GreenTech IPO and Paramount Speciality Forgings IPO is Sep 24, 2024, and Sep 20, 2024, respectively.

	BikeWo GreenTech IPO	Paramount Speciality Forgings IPO
Anchor Bid Date		Sep 16, 2024
Issue Open	Sep 20, 2024	Sep 17, 2024
Issue Close	Sep 24, 2024	Sep 20, 2024
Basis Of Allotment (Tentative)	Sep 25, 2024	Sep 23, 2024
Initiation of Refunds (Tentative)	Sep 26, 2024	Sep 24, 2024
Credit of Share (Tentative)	Sep 26, 2024	Sep 24, 2024
Listing date (Tentative)	Sep 27, 2024	Sep 25, 2024
Anchor Lockin End date 1		Oct 22, 2024
Anchor Lockin End date 2		Dec 21, 2024

Financials

BikeWo GreenTech IPO P/E ratio is 33.95, as compared to Paramount Speciality Forgings IPO P/E ratio of 12.1.

BikeWo GreenTech IPO

Paramount Speciality Forgings IPO

Financial

BikeWo GreenTech Limited Financial Information (Restated)

BikeWo GreenTech Limited's revenue increased by 22% and profit after tax (PAT) rose by 1606% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	3,151.35	1,962.4	1,497.41
Revenue	2,514.21	2,061.86	1,391.71
Profit After Tax	167.21	9.8	15.19
Net Worth	1,676.7	723.14	713.34
Total Borrowing	1,419.35	1,239.26	784.07
Amount in ₹ Lakhs

Paramount Speciality Forgings Limited Financial Information (Restated)

Paramount Speciality Forgings Limited's revenue increased by 1% and profit after tax (PAT) rose by 163% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	8,179.18	7,223.87	5,450.48
Revenue	11,363.62	11,224.1	9,243.16
Profit After Tax	725.36	275.84	313.44
Net Worth	2,291.49	1,566.14	1,970.49
Reserves and Surplus	803.49	1,565.14	1,969.49
Total Borrowing	2,492.82	2,027.65	1,176.93
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

89.00%

100.00%

Promoter Shareholding (Post-Issue)

62.48%

72.15%

P/E Ratio

33.95

12.1

Market Cap

₹80.87 Cr.

₹116.12 Cr.

ROE

13.94%%

32%%

ROCE

10.87%%

40%%

Debt/Equity

1.09

EPS

₹1.83

₹4.87

RoNW

13.94%%

31.65%%

Shares Offered

In the BikeWo GreenTech IPO retail investors (RII) are offered 17,52,000 shares while in Paramount Speciality Forgings IPO retail investors are offered 17,52,000 shares. Qualified institutional buyers (QIB) are offered 1,86,000 shares in BikeWo GreenTech IPO and 10,40,000 shares in Paramount Speciality Forgings IPO.

	BikeWo GreenTech IPO	Paramount Speciality Forgings IPO
Anchor Investor Reserveration		15,60,000 shares
Market Maker Reserveration	1,96,000 shares	2,76,000 shares
QIB	1,86,000 shares	10,40,000 shares
NII	17,52,000 shares	7,82,000 shares
RII	17,52,000 shares	18,24,000 shares
Employee	0 shares	0 shares
Others
Total	36,90,000 shares	36,46,000 shares

Bids Received (Subscription)

BikeWo GreenTech IPO subscribed 41.82x in total, whereas Paramount Speciality Forgings IPO subscribed 73.88x.

	BikeWo GreenTech IPO	Paramount Speciality Forgings IPO
QIB (times)	43.03x	20.88x
NII (times)	22.48x	220.24x
Big NII (times)
Small NII (times)
RII (times)	61.04x	41.35x
Employee (times)
Other (times)
Total (times)	41.82x	73.88x

Compare with others

BikeWo GreenTech IPO	Paramount Speciality Forgings IPO
Avi Ansh Textile IPO	WOL 3D IPO
Rappid Valves (India) IPO	SD Retail IPO
Phoenix Overseas IPO	BikeWo GreenTech IPO
WOL 3D IPO	Pelatro IPO
SD Retail IPO	Osel Devices IPO
Pelatro IPO	Popular Foundations IPO
Osel Devices IPO	Sodhani Academy of Fintech Enablers IPO
Paramount Speciality Forgings IPO	Deccan Transcon Leasing IPO
Popular Foundations IPO	Envirotech Systems IPO
Sodhani Academy of Fintech Enablers IPO	Trafiksol ITS Technologies IPO

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