BLS E-Services IPO vs Capital SFB IPO

Comparision between BLS E-Services IPO and Capital SFB IPO.

IPO Details

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

	BLS E-Services IPO	Capital SFB 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	Nuvama Wealth Management Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Equirus Capital Private 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 Capital SFB IPO is up to ₹523.07 Cr. The final issue price of BLS E-Services IPO is ₹135.00 per share and of Capital SFB IPO is ₹468.00 per share.

	BLS E-Services IPO	Capital SFB IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹129.00 per share	₹445.00 per share
Issue Price (Upper)	₹135.00 per share	₹468.00 per share
Issue Price (Final)	₹135.00 per share	₹468.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	108 shares	32 shares
Fresh Issue Size	2,30,30,000 shares	96,15,384 shares
Fresh Issue Size (Amount)	up to ₹310.91 Cr	up to ₹450.00 Cr
OFS Issue Size		15,61,329 shares
OFS Issue Size (Amount)		up to ₹73.07 Cr
Issue Size Total	2,30,30,000 shares	1,11,76,713 shares
Issue Size Total (Amount)	up to ₹310.91 Cr	up to ₹523.07 Cr

IPO Timetable

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

	BLS E-Services IPO	Capital SFB 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 Capital SFB IPO P/E ratio of 17.68.

BLS E-Services IPO

Capital SFB 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

Capital Small Finance Bank Limited Financial Information (Restated)

Capital Small Finance Bank Limited's revenue increased by 14.72% and profit after tax (PAT) rose by 49.59% 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	8,390.69	7,990.77	7,153.92	6,371.24
Revenue	415.22	725.48	632.40	557.27
Profit After Tax	54.39	93.60	62.57	40.78
Net Worth	711.76	610.61	515.78	450.79
Reserves and Surplus	676.41	576.36	481.74	416.88
Total Borrowing	572.76	721.38	498.43	616.72
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

93.80%

24.01%

Promoter Shareholding (Post-Issue)

68.90%

P/E Ratio

44.31

17.68

Market Cap

₹1226.56 Cr.

₹2104.41 Cr.

ROE

33.33%%

16.45%%

ROCE

30.62%%

Debt/Equity

0.05

0.95

EPS

₹3.05

₹26.48

RoNW

16.46%%

15.33%%

Shares Offered

In the BLS E-Services IPO retail investors (RII) are offered 20,72,700 shares while in Capital SFB 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 22,35,343 shares in Capital SFB IPO.

	BLS E-Services IPO	Capital SFB IPO
Anchor Investor Reserveration	93,27,096 shares	33,53,013 shares
Market Maker Reserveration
QIB	62,18,154 shares	22,35,343 shares
NII	31,09,050 shares	16,76,507 shares
RII	20,72,700 shares	39,11,850 shares
Employee	0 shares	0 shares
Others
Total	1,37,02,904 shares	78,23,700 shares

Bids Received (Subscription)

BLS E-Services IPO subscribed 162.38x in total, whereas Capital SFB IPO subscribed 4.17x.

	BLS E-Services IPO	Capital SFB IPO
QIB (times)	123.30x	6.86x
NII (times)	300.05x	4.23x
Big NII (times)	305.27x	3.63x
Small NII (times)	289.59x	5.43x
RII (times)	236.53x	2.60x
Employee (times)
Other (times)	15.30x
Total (times)	162.38x	4.17x

Compare with others

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

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