Birdy's IPO vs Greenhitech Ventures IPO

Comparision between Birdy's IPO and Greenhitech Ventures IPO.

IPO Details

Birdy's IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Greenhitech Ventures IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Birdy's IPO	Greenhitech Ventures IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Inventure Merchant Banker Services Pvt Ltd	Beeline Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Skyline Financial Services Private Ltd
Market Maker	Rikhav Securities Limited	Spread X Securities Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Birdy's IPO is up to ₹16.47 Cr whereas the issue size of the Greenhitech Ventures IPO is up to ₹6.30 Cr. The final issue price of Birdy's IPO is ₹120.00 per share and of Greenhitech Ventures IPO is ₹50.00 per share.

	Birdy's IPO	Greenhitech Ventures IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹120.00 per share	₹50.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	3000 shares
Fresh Issue Size	13,72,800 shares	12,60,000 shares
Fresh Issue Size (Amount)	up to ₹16.47 Cr	up to ₹6.30 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	13,72,800 shares	12,60,000 shares
Issue Size Total (Amount)	up to ₹16.47 Cr	up to ₹6.30 Cr

IPO Timetable

Birdy's IPO opens on Apr 15, 2024, while Greenhitech Ventures IPO opens on Apr 12, 2024. The closing date of Birdy's IPO and Greenhitech Ventures IPO is Apr 18, 2024, and Apr 16, 2024, respectively.

	Birdy's IPO	Greenhitech Ventures IPO
Anchor Bid Date
Issue Open	Apr 15, 2024	Apr 12, 2024
Issue Close	Apr 18, 2024	Apr 16, 2024
Basis Of Allotment (Tentative)	Apr 19, 2024	Apr 18, 2024
Initiation of Refunds (Tentative)	Apr 22, 2024	Apr 19, 2024
Credit of Share (Tentative)	Apr 22, 2024	Apr 19, 2024
Listing date (Tentative)	Apr 23, 2024	Apr 22, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Birdy's IPO P/E ratio is 23.12, as compared to Greenhitech Ventures IPO P/E ratio of 30.05.

Birdy's IPO

Greenhitech Ventures IPO

Financial

Grill Splendour Services Limited Financial Information (Restated)

Grill Splendour Services Limited's revenue increased by 32.92% and profit after tax (PAT) rose by 5654.34% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Nov 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,211.54	764.02	290.59	265.98
Revenue	885.64	1,531.62	1,152.27	825.22
Profit After Tax	61.65	199.10	3.46	-3.63
Net Worth	494.98	200.79	1.69	-1.77
Reserves and Surplus	111.44	199.79	0.69	-2.77
Amount in ₹ Lakhs

Greenhitech Ventures Limited Financial Information (Restated)

Period Ended	31 Jan 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,677.75	2,708.06	3,188.77	2,378.58
Revenue	335.67	2,504.35	6,611.58	4,007.69
Profit After Tax	35.64	57.23	135.14	24.39
Net Worth	456.64	315.45	322.45	140.99
Reserves and Surplus	112.64
Total Borrowing	431.71	347.07	150.14	114.60
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

49.75%

100.00%

Promoter Shareholding (Post-Issue)

36.64%

73.19%

P/E Ratio

23.12

30.05

Market Cap

₹62.50 Cr.

₹23.50 Cr.

ROE

8.17%%

ROCE

17.19%%

Debt/Equity

1.5

0.95

EPS

₹5.19

₹1.66

RoNW

12.46%%

7.80%%

Shares Offered

In the Birdy's IPO retail investors (RII) are offered 6,51,600 shares while in Greenhitech Ventures IPO retail investors are offered 6,51,600 shares. Qualified institutional buyers (QIB) are offered 0 shares in Birdy's IPO and 0 shares in Greenhitech Ventures IPO.

	Birdy's IPO	Greenhitech Ventures IPO
Anchor Investor Reserveration
Market Maker Reserveration	69,600 shares	66,000 shares
QIB	0 shares	0 shares
NII	6,51,600 shares	5,97,000 shares
RII	6,51,600 shares	5,97,000 shares
Employee	0 shares	0 shares
Others
Total	13,03,200 shares	11,94,000 shares

Bids Received (Subscription)

Birdy's IPO subscribed 8.68x in total, whereas Greenhitech Ventures IPO subscribed 769.95x.

	Birdy's IPO	Greenhitech Ventures IPO
QIB (times)
NII (times)	4.59x	921.60x
Big NII (times)
Small NII (times)
RII (times)	12.78x	597.41x
Employee (times)
Other (times)
Total (times)	8.68x	769.95x

Compare with others

Birdy's IPO	Greenhitech Ventures IPO
ABS Marine Services IPO	Shivam Chemicals IPO
Shivam Chemicals IPO	Varyaa Creations IPO
Varyaa Creations IPO	Faalcon Concepts IPO
Faalcon Concepts IPO	Emmforce Autotech IPO
Emmforce Autotech IPO	Birdy's IPO
Greenhitech Ventures IPO	Finelistings Technologies IPO
Finelistings Technologies IPO	Ramdevbaba Solvent IPO
Ramdevbaba Solvent IPO	Teerth Gopicon IPO
Teerth Gopicon IPO	DCG Cables & Wires IPO
DCG Cables & Wires IPO	Creative Graphics Solutions India IPO

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