Birdy's IPO vs Emmforce Autotech IPO

Comparision between Birdy's IPO and Emmforce Autotech IPO.

IPO Details

Birdy's IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Emmforce Autotech IPO is a SME Book Built Issue proposed to list at BSE SME.

	Birdy's IPO	Emmforce Autotech IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	BSE SME
Lead Managers	Inventure Merchant Banker Services Pvt Ltd	Beeline Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private Ltd
Market Maker	Rikhav Securities Limited	Spread X Securities Private 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 Birdy's IPO is up to ₹16.47 Cr whereas the issue size of the Emmforce Autotech IPO is up to ₹53.90 Cr. The final issue price of Birdy's IPO is ₹120.00 per share and of Emmforce Autotech IPO is ₹98.00 per share.

	Birdy's IPO	Emmforce Autotech IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹93.00 per share
Issue Price (Upper)		₹98.00 per share
Issue Price (Final)	₹120.00 per share	₹98.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1200 shares
Fresh Issue Size	13,72,800 shares	54,99,600 shares
Fresh Issue Size (Amount)	up to ₹16.47 Cr	up to ₹53.90 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	13,72,800 shares	54,99,600 shares
Issue Size Total (Amount)	up to ₹16.47 Cr	up to ₹53.90 Cr

IPO Timetable

Birdy's IPO opens on Apr 15, 2024, while Emmforce Autotech IPO opens on Apr 23, 2024. The closing date of Birdy's IPO and Emmforce Autotech IPO is Apr 18, 2024, and Apr 25, 2024, respectively.

	Birdy's IPO	Emmforce Autotech IPO
Anchor Bid Date		Apr 22, 2024
Issue Open	Apr 15, 2024	Apr 23, 2024
Issue Close	Apr 18, 2024	Apr 25, 2024
Basis Of Allotment (Tentative)	Apr 19, 2024	Apr 26, 2024
Initiation of Refunds (Tentative)	Apr 22, 2024	Apr 29, 2024
Credit of Share (Tentative)	Apr 22, 2024	Apr 29, 2024
Listing date (Tentative)	Apr 23, 2024	Apr 30, 2024
Anchor Lockin End date 1		May 26, 2024
Anchor Lockin End date 2		Jul 25, 2024

Financials

Birdy's IPO P/E ratio is 23.12, as compared to Emmforce Autotech IPO P/E ratio of 33.5.

Birdy's IPO

Emmforce Autotech IPO

Financial

Grill Splendour Services Limited Financial Information (Restated)

Grill Splendour Services Limited's revenue increased by 32.92% and profit after tax (PAT) rose by 5654.34% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Nov 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,211.54	764.02	290.59	265.98
Revenue	885.64	1,531.62	1,152.27	825.22
Profit After Tax	61.65	199.10	3.46	-3.63
Net Worth	494.98	200.79	1.69	-1.77
Reserves and Surplus	111.44	199.79	0.69	-2.77
Amount in ₹ Lakhs

Emmforce Autotech Limited Financial Information (Restated)

Emmforce Autotech Limited's revenue decreased by -31.7% and profit after tax (PAT) dropped by -40.1% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Oct 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	5,597.13	4,895.40	5,257.36	3,384.41
Revenue	4,790.31	4,875.32	7,138.13	5,185.32
Profit After Tax	511.78	438.85	732.58	508.91
Net Worth	1,500.00	2,344.95	2,129.09	1,524.82
Reserves and Surplus	43.72
Total Borrowing	2,404.25	1,535.43	1,651.09	501.70
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

49.75%

100.00%

Promoter Shareholding (Post-Issue)

36.64%

73.17%

P/E Ratio

23.12

33.5

Market Cap

₹62.50 Cr.

₹200.90 Cr.

ROE

ROCE

Debt/Equity

1.5

EPS

₹5.19

₹2.93

RoNW

12.46%%

2.83%

Shares Offered

In the Birdy's IPO retail investors (RII) are offered 6,51,600 shares while in Emmforce Autotech IPO retail investors are offered 6,51,600 shares. Qualified institutional buyers (QIB) are offered 0 shares in Birdy's IPO and 10,45,200 shares in Emmforce Autotech IPO.

	Birdy's IPO	Emmforce Autotech IPO
Anchor Investor Reserveration		15,66,000 shares
Market Maker Reserveration	69,600 shares	2,76,000 shares
QIB	0 shares	10,45,200 shares
NII	6,51,600 shares	7,83,600 shares
RII	6,51,600 shares	18,28,800 shares
Employee	0 shares	0 shares
Others
Total	13,03,200 shares	36,57,600 shares

Bids Received (Subscription)

Birdy's IPO subscribed 8.68x in total, whereas Emmforce Autotech IPO subscribed 364.37x.

	Birdy's IPO	Emmforce Autotech IPO
QIB (times)		160.58x
NII (times)	4.59x	861.98x
Big NII (times)
Small NII (times)
RII (times)	12.78x	267.62x
Employee (times)
Other (times)
Total (times)	8.68x	364.37x

Compare with others

Birdy's IPO	Emmforce Autotech IPO
ABS Marine Services IPO	Mandeep Auto Industries IPO
Shivam Chemicals IPO	ABS Marine Services IPO
Varyaa Creations IPO	Shivam Chemicals IPO
Faalcon Concepts IPO	Varyaa Creations IPO
Emmforce Autotech IPO	Faalcon Concepts IPO
Greenhitech Ventures IPO	Birdy's IPO
Finelistings Technologies IPO	Greenhitech Ventures IPO
Ramdevbaba Solvent IPO	Finelistings Technologies IPO
Teerth Gopicon IPO	Ramdevbaba Solvent IPO
DCG Cables & Wires IPO	Teerth Gopicon IPO

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