BLS E-Services IPO vs Platinum Industries IPO

Comparision between BLS E-Services IPO and Platinum Industries IPO.

IPO Details

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

	BLS E-Services IPO	Platinum Industries 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	Unistone Capital Pvt Ltd
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 Platinum Industries IPO is up to ₹235.32 Cr. The final issue price of BLS E-Services IPO is ₹135.00 per share and of Platinum Industries IPO is ₹171.00 per share.

	BLS E-Services IPO	Platinum Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹129.00 per share	₹162.00 per share
Issue Price (Upper)	₹135.00 per share	₹171.00 per share
Issue Price (Final)	₹135.00 per share	₹171.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	108 shares	87 shares
Fresh Issue Size	2,30,30,000 shares	1,37,61,225 shares
Fresh Issue Size (Amount)	up to ₹310.91 Cr	up to ₹235.32 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	2,30,30,000 shares	1,37,61,225 shares
Issue Size Total (Amount)	up to ₹310.91 Cr	up to ₹235.32 Cr

IPO Timetable

BLS E-Services IPO opens on Jan 30, 2024, while Platinum Industries IPO opens on Feb 27, 2024. The closing date of BLS E-Services IPO and Platinum Industries IPO is Feb 01, 2024, and Feb 29, 2024, respectively.

	BLS E-Services IPO	Platinum Industries IPO
Anchor Bid Date	Jan 29, 2024	Feb 26, 2024
Issue Open	Jan 30, 2024	Feb 27, 2024
Issue Close	Feb 01, 2024	Feb 29, 2024
Basis Of Allotment (Tentative)	Feb 02, 2024	Mar 01, 2024
Initiation of Refunds (Tentative)	Feb 05, 2024	Mar 04, 2024
Credit of Share (Tentative)	Feb 05, 2024	Mar 04, 2024
Listing date (Tentative)	Feb 06, 2024	Mar 05, 2024
Anchor Lockin End date 1	Mar 03, 2024	Mar 31, 2024
Anchor Lockin End date 2	May 02, 2024	May 30, 2024

Financials

BLS E-Services IPO P/E ratio is 44.31, as compared to Platinum Industries IPO P/E ratio of 18.73.

BLS E-Services IPO

Platinum Industries 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

Platinum Industries Limited Financial Information (Restated Consolidated)

Platinum Industries Limited's revenue increased by 22.89% and profit after tax (PAT) rose by 111.76% 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	137.72	121.17	84.48	32.26
Revenue	123.73	232.56	189.24	89.53
Profit After Tax	22.84	37.58	17.75	4.82
Net Worth	85.04	61.88	22.34	4.47
Reserves and Surplus	44.86	21.80	21.28	3.53
Total Borrowing	11.46	17.43	24.24	3.26
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

93.80%

94.74%

Promoter Shareholding (Post-Issue)

68.90%

P/E Ratio

44.31

18.73

Market Cap

₹1226.56 Cr.

₹939.22 Cr.

ROE

33.33%%

90.02%%

ROCE

30.62%%

56.85%%

Debt/Equity

0.05

0.28

EPS

₹3.05

₹9.13

RoNW

16.46%%

61.26%%

Shares Offered

In the BLS E-Services IPO retail investors (RII) are offered 20,72,700 shares while in Platinum Industries 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 27,52,375 shares in Platinum Industries IPO.

	BLS E-Services IPO	Platinum Industries IPO
Anchor Investor Reserveration	93,27,096 shares	41,28,237 shares
Market Maker Reserveration
QIB	62,18,154 shares	27,52,375 shares
NII	31,09,050 shares	20,64,184 shares
RII	20,72,700 shares	48,16,429 shares
Employee	0 shares	0 shares
Others
Total	1,37,02,904 shares	96,32,988 shares

Bids Received (Subscription)

BLS E-Services IPO subscribed 162.38x in total, whereas Platinum Industries IPO subscribed 98.99x.

	BLS E-Services IPO	Platinum Industries IPO
QIB (times)	123.30x	151.00x
NII (times)	300.05x	141.79x
Big NII (times)	305.27x	138.46x
Small NII (times)	289.59x	148.46x
RII (times)	236.53x	50.92x
Employee (times)
Other (times)	15.30x
Total (times)	162.38x	98.99x

Compare with others

BLS E-Services IPO	Platinum Industries IPO
Capital SFB IPO	Vibhor Steel Tubes IPO
Jana SFB IPO	Entero Healthcare Solutions IPO
Platinum Industries IPO	Exicom Tele-Systems IPO
Apeejay Surrendra Park IPO	Capital SFB IPO
Rashi Peripherals IPO	Jana SFB IPO
R K SWAMY IPO	Apeejay Surrendra Park IPO
EPACK Durable IPO	Rashi Peripherals IPO
Nova AgriTech IPO	BLS E-Services IPO
Medi Assist Healthcare IPO	R K SWAMY IPO
Jyoti CNC Automation IPO	EPACK Durable IPO

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