BLS E-Services IPO vs Nova AgriTech IPO

Comparision between BLS E-Services IPO and Nova AgriTech IPO.

IPO Details

BLS E-Services IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Nova AgriTech IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	BLS E-Services IPO	Nova AgriTech 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	Unistone Capital Pvt Ltd	Keynote Financial Services Ltd Bajaj Capital Limited
Registrar	Kfin Technologies Limited	Bigshare Services Pvt 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 BLS E-Services IPO is up to ₹310.91 Cr whereas the issue size of the Nova AgriTech IPO is up to ₹143.81 Cr. The final issue price of BLS E-Services IPO is ₹135.00 per share and of Nova AgriTech IPO is ₹41.00 per share.

	BLS E-Services IPO	Nova AgriTech IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹129.00 per share	₹39.00 per share
Issue Price (Upper)	₹135.00 per share	₹41.00 per share
Issue Price (Final)	₹135.00 per share	₹41.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	108 shares	365 shares
Fresh Issue Size	2,30,30,000 shares	2,73,17,073 shares
Fresh Issue Size (Amount)	up to ₹310.91 Cr	up to ₹112.00 Cr
OFS Issue Size		77,58,620 shares
OFS Issue Size (Amount)		up to ₹31.81 Cr
Issue Size Total	2,30,30,000 shares	3,50,75,693 shares
Issue Size Total (Amount)	up to ₹310.91 Cr	up to ₹143.81 Cr

IPO Timetable

BLS E-Services IPO opens on Jan 30, 2024, while Nova AgriTech IPO opens on Jan 23, 2024. The closing date of BLS E-Services IPO and Nova AgriTech IPO is Feb 01, 2024, and Jan 25, 2024, respectively.

	BLS E-Services IPO	Nova AgriTech IPO
Anchor Bid Date	Jan 29, 2024	Jan 19, 2024
Issue Open	Jan 30, 2024	Jan 23, 2024
Issue Close	Feb 01, 2024	Jan 25, 2024
Basis Of Allotment (Tentative)	Feb 02, 2024	Jan 29, 2024
Initiation of Refunds (Tentative)	Feb 05, 2024	Jan 30, 2024
Credit of Share (Tentative)	Feb 05, 2024	Jan 30, 2024
Listing date (Tentative)	Feb 06, 2024	Jan 31, 2024
Anchor Lockin End date 1	Mar 03, 2024	Feb 28, 2024
Anchor Lockin End date 2	May 02, 2024	Apr 28, 2024

Financials

BLS E-Services IPO P/E ratio is 44.31, as compared to Nova AgriTech IPO P/E ratio of 13.05.

BLS E-Services IPO

Nova AgriTech IPO

Financial

BLS E-Services Limited Financial Information (Restated Consolidated)

BLS E-Services Limited's revenue increased by 150.31% and profit after tax (PAT) rose by 277.94% 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	213.77	179.47	55.93	40.59
Revenue	158.05	246.29	98.40	65.23
Profit After Tax	14.68	20.33	5.38	3.15
Net Worth	120.37	106.94	15.07	9.68
Total Borrowing	0.00	0.00	8.76	11.02
Amount in ₹ Crore

Nova AgriTech Limited Financial Information (Restated Consolidated)

Period Ended	30 Sep 2023	31 Mar 2023	22 Mar 2022	31 Mar 2021
Assets	196.37	180.78	160.30	147.44
Revenue	103.24	210.93	185.61	160.93
Profit After Tax	10.38	20.49	13.69	6.30
Net Worth	74.23	63.88	43.19	29.43
Reserves and Surplus	60.97	50.59	30.10	16.41
Total Borrowing	68.50	70.96	64.27	51.10
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

93.80%

84.27%

Promoter Shareholding (Post-Issue)

68.90%

59.39%

P/E Ratio

44.31

13.05

Market Cap

₹1226.56 Cr.

₹379.33 Cr.

ROE

33.33%%

38.27%%

ROCE

30.62%%

27.25%%

Debt/Equity

0.05

1.11

EPS

₹3.05

₹3.14

RoNW

16.46%%

32.08%%

Shares Offered

In the BLS E-Services IPO retail investors (RII) are offered 20,72,700 shares while in Nova AgriTech IPO retail investors are offered 20,72,700 shares. Qualified institutional buyers (QIB) are offered 62,18,154 shares in BLS E-Services IPO and 70,15,139 shares in Nova AgriTech IPO.

	BLS E-Services IPO	Nova AgriTech IPO
Anchor Investor Reserveration	93,27,096 shares	1,05,22,220 shares
Market Maker Reserveration
QIB	62,18,154 shares	70,15,139 shares
NII	31,09,050 shares	52,61,354 shares
RII	20,72,700 shares	1,22,76,492 shares
Employee	0 shares	0 shares
Others
Total	1,37,02,904 shares	2,45,52,985 shares

Bids Received (Subscription)

BLS E-Services IPO subscribed 162.38x in total, whereas Nova AgriTech IPO subscribed 113.21x.

	BLS E-Services IPO	Nova AgriTech IPO
QIB (times)	123.30x	81.13x
NII (times)	300.05x	233.03x
Big NII (times)	305.27x	231.40x
Small NII (times)	289.59x	236.27x
RII (times)	236.53x	80.20x
Employee (times)
Other (times)	15.30x
Total (times)	162.38x	113.21x

Compare with others

BLS E-Services IPO	Nova AgriTech IPO
Capital SFB IPO	Apeejay Surrendra Park IPO
Jana SFB IPO	Rashi Peripherals IPO
Platinum Industries IPO	BLS E-Services IPO
Apeejay Surrendra Park IPO	R K SWAMY IPO
Rashi Peripherals IPO	EPACK Durable IPO
R K SWAMY IPO	Medi Assist Healthcare IPO
EPACK Durable IPO	Jyoti CNC Automation IPO
Nova AgriTech IPO	Innova Captab IPO
Medi Assist Healthcare IPO	Azad Engineering IPO
Jyoti CNC Automation IPO	Mufti Menswear IPO

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