Blue Pebble IPO vs Vruddhi Engineering Works IPO

Comparision between Blue Pebble IPO and Vruddhi Engineering Works IPO.

IPO Details

Blue Pebble IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Vruddhi Engineering Works IPO is a SME Book Built Issue proposed to list at BSE SME.

	Blue Pebble IPO	Vruddhi Engineering Works IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	BSE SME
Lead Managers	Hem Securities Limited	Fedex Securities�Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Hem Finlease Private Limited	Rikhav Securities 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 Blue Pebble IPO is up to ₹18.14 Cr whereas the issue size of the Vruddhi Engineering Works IPO is up to ₹4.76 Cr. The final issue price of Blue Pebble IPO is ₹168.00 per share and of Vruddhi Engineering Works IPO is ₹70.00 per share.

	Blue Pebble IPO	Vruddhi Engineering Works IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹159.00 per share	₹66.00 per share
Issue Price (Upper)	₹168.00 per share	₹70.00 per share
Issue Price (Final)	₹168.00 per share	₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	800 shares	2000 shares
Fresh Issue Size	10,80,000 shares	6,80,000 shares
Fresh Issue Size (Amount)	up to ₹18.14 Cr	up to ₹4.76 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	10,80,000 shares	6,80,000 shares
Issue Size Total (Amount)	up to ₹18.14 Cr	up to ₹4.76 Cr

IPO Timetable

Blue Pebble IPO opens on Mar 26, 2024, while Vruddhi Engineering Works IPO opens on Mar 26, 2024. The closing date of Blue Pebble IPO and Vruddhi Engineering Works IPO is Mar 28, 2024, and Mar 28, 2024, respectively.

	Blue Pebble IPO	Vruddhi Engineering Works IPO
Anchor Bid Date	Mar 22, 2024
Issue Open	Mar 26, 2024	Mar 26, 2024
Issue Close	Mar 28, 2024	Mar 28, 2024
Basis Of Allotment (Tentative)	Apr 01, 2024	Apr 01, 2024
Initiation of Refunds (Tentative)	Apr 02, 2024	Apr 02, 2024
Credit of Share (Tentative)	Apr 02, 2024	Apr 02, 2024
Listing date (Tentative)	Apr 03, 2024	Apr 03, 2024
Anchor Lockin End date 1	May 01, 2024
Anchor Lockin End date 2	Jun 30, 2024

Financials

Blue Pebble IPO P/E ratio is 25.16, as compared to Vruddhi Engineering Works IPO P/E ratio of 17.13.

Blue Pebble IPO

Vruddhi Engineering Works IPO

Financial

Blue Pebble Limited Financial Information (Restated)

Blue Pebble Limited's revenue increased by 190.98% and profit after tax (PAT) rose by 426.49% 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	934.35	876.36	342.62	299.88
Revenue	1,322.68	1,594.96	548.14	421.04
Profit After Tax	291.78	200.33	38.05	20.06
Net Worth	606.17	314.39	114.06	76.01
Reserves and Surplus	306.17	313.39	113.06	75.01
Total Borrowing		27.28	37.20	37.20
Amount in ₹ Lakhs

Vruddhi Engineering Works Limited Financial Information (Restated)

Vruddhi Engineering Works Limited's revenue increased by 493.53% and profit after tax (PAT) rose by 697.99% 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	808.58	782.33	100.14	3.02
Revenue	935.36	1,309.62	220.65	0.44
Profit After Tax	41.01	75.33	9.44	-0.88
Net Worth	253.13	212.12	9.56	0.12
Reserves and Surplus	68.77	118.55	8.56	-0.88
Total Borrowing	301.91	323.37	47.49	2.22
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

96.34%

Promoter Shareholding (Post-Issue)

73.52%

P/E Ratio

25.16

17.13

Market Cap

₹68.54 Cr.

₹17.67 Cr.

ROE

63.39%%

16.20%%

ROCE

64.12%%

15.53%%

Debt/Equity

1.19

EPS

₹6.68

₹4.09

RoNW

48.14%%

16.20%%

Shares Offered

In the Blue Pebble IPO retail investors (RII) are offered 3,59,200 shares while in Vruddhi Engineering Works IPO retail investors are offered 3,59,200 shares. Qualified institutional buyers (QIB) are offered 2,04,800 shares in Blue Pebble IPO and 3,20,000 shares in Vruddhi Engineering Works IPO.

	Blue Pebble IPO	Vruddhi Engineering Works IPO
Anchor Investor Reserveration	3,05,600 shares
Market Maker Reserveration	56,000 shares	36,000 shares
QIB	2,04,800 shares	3,20,000 shares
NII	1,54,400 shares	98,000 shares
RII	3,59,200 shares	2,26,000 shares
Employee	0 shares	0 shares
Others
Total	7,18,400 shares

Bids Received (Subscription)

Blue Pebble IPO subscribed 56.32x in total, whereas Vruddhi Engineering Works IPO subscribed 12.67x.

	Blue Pebble IPO	Vruddhi Engineering Works IPO
QIB (times)	21.77x	1.05x
NII (times)	97.31x	28.14x
Big NII (times)
Small NII (times)
RII (times)	58.40x	20.10x
Employee (times)
Other (times)
Total (times)	56.32x	12.67x

Compare with others

Blue Pebble IPO	Vruddhi Engineering Works IPO
Yash Optics & Lens IPO	GConnect Logitech IPO
GConnect Logitech IPO	TAC Infosec IPO
TAC Infosec IPO	Radiowalla IPO
Radiowalla IPO	Aspire & Innovative IPO
Aspire & Innovative IPO	Blue Pebble IPO
Vruddhi Engineering Works IPO	Naman In-Store (India) IPO
Naman In-Store (India) IPO	Omfurn India FPO
Omfurn India FPO	Vishwas Agri Seeds IPO
Vishwas Agri Seeds IPO	Chatha Foods IPO
Chatha Foods IPO	Enser Communications IPO

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