BLS E-Services IPO vs Rashi Peripherals IPO

Comparision between BLS E-Services IPO and Rashi Peripherals IPO.

IPO Details

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

	BLS E-Services IPO	Rashi Peripherals 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	Jm Financial Limited ICICI Securities Limited
Registrar	Kfin Technologies Limited	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 BLS E-Services IPO is up to ₹310.91 Cr whereas the issue size of the Rashi Peripherals IPO is up to ₹600.00 Cr. The final issue price of BLS E-Services IPO is ₹135.00 per share and of Rashi Peripherals IPO is ₹311.00 per share.

	BLS E-Services IPO	Rashi Peripherals IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹129.00 per share	₹295.00 per share
Issue Price (Upper)	₹135.00 per share	₹311.00 per share
Issue Price (Final)	₹135.00 per share	₹311.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	108 shares	48 shares
Fresh Issue Size	2,30,30,000 shares	1,92,92,604 shares
Fresh Issue Size (Amount)	up to ₹310.91 Cr	up to ₹600.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	2,30,30,000 shares	1,92,92,604 shares
Issue Size Total (Amount)	up to ₹310.91 Cr	up to ₹600.00 Cr

IPO Timetable

BLS E-Services IPO opens on Jan 30, 2024, while Rashi Peripherals IPO opens on Feb 07, 2024. The closing date of BLS E-Services IPO and Rashi Peripherals IPO is Feb 01, 2024, and Feb 09, 2024, respectively.

	BLS E-Services IPO	Rashi Peripherals IPO
Anchor Bid Date	Jan 29, 2024	Feb 06, 2024
Issue Open	Jan 30, 2024	Feb 07, 2024
Issue Close	Feb 01, 2024	Feb 09, 2024
Basis Of Allotment (Tentative)	Feb 02, 2024	Feb 12, 2024
Initiation of Refunds (Tentative)	Feb 05, 2024	Feb 13, 2024
Credit of Share (Tentative)	Feb 05, 2024	Feb 13, 2024
Listing date (Tentative)	Feb 06, 2024	Feb 14, 2024
Anchor Lockin End date 1	Mar 03, 2024	Mar 13, 2024
Anchor Lockin End date 2	May 02, 2024	May 12, 2024

Financials

BLS E-Services IPO P/E ratio is 44.31, as compared to Rashi Peripherals IPO P/E ratio of 11.75.

BLS E-Services IPO

Rashi Peripherals 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

Rashi Peripherals Limited Financial Information (Restated Consolidated)

Rashi Peripherals Limited's revenue increased by 1.58% and profit after tax (PAT) dropped by -32.42% 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	4,058.64	2,798.60	2,669.76	1,594.39
Revenue	5,473.27	9,468.95	9,321.92	5,930.24
Profit After Tax	72.02	123.34	182.51	136.35
Net Worth	772.74	700.12	575.07	394.19
Reserves and Surplus	686.24	760.36	557.84	395.99
Total Borrowing	1,395.20	1,065.76	881.74	488.99
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

93.80%

89.65%

Promoter Shareholding (Post-Issue)

68.90%

63.41%

P/E Ratio

44.31

11.75

Market Cap

₹1226.56 Cr.

₹2049.48 Cr.

ROE

33.33%%

19.33%%

ROCE

30.62%%

14.21%%

Debt/Equity

0.05

1.53

EPS

₹3.05

₹26.46

RoNW

16.46%%

17.60%%

Shares Offered

In the BLS E-Services IPO retail investors (RII) are offered 20,72,700 shares while in Rashi Peripherals 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 38,58,521 shares in Rashi Peripherals IPO.

	BLS E-Services IPO	Rashi Peripherals IPO
Anchor Investor Reserveration	93,27,096 shares	57,87,780 shares
Market Maker Reserveration
QIB	62,18,154 shares	38,58,521 shares
NII	31,09,050 shares	28,93,891 shares
RII	20,72,700 shares	67,52,411 shares
Employee	0 shares	0 shares
Others
Total	1,37,02,904 shares	1,35,04,823 shares

Bids Received (Subscription)

BLS E-Services IPO subscribed 162.38x in total, whereas Rashi Peripherals IPO subscribed 62.95x.

	BLS E-Services IPO	Rashi Peripherals IPO
QIB (times)	123.30x	151.45x
NII (times)	300.05x	66.15x
Big NII (times)	305.27x	74.51x
Small NII (times)	289.59x	50.38x
RII (times)	236.53x	11.01x
Employee (times)
Other (times)	15.30x
Total (times)	162.38x	62.95x

Compare with others

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

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