BLS E-Services IPO vs EPACK Durable IPO

Comparision between BLS E-Services IPO and EPACK Durable IPO.

IPO Details

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

	BLS E-Services IPO	EPACK Durable 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	Axis Capital Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) ICICI Securities Limited
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
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 EPACK Durable IPO is up to ₹640.05 Cr. The final issue price of BLS E-Services IPO is ₹135.00 per share and of EPACK Durable IPO is ₹230.00 per share.

	BLS E-Services IPO	EPACK Durable IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹129.00 per share	₹218.00 per share
Issue Price (Upper)	₹135.00 per share	₹230.00 per share
Issue Price (Final)	₹135.00 per share	₹230.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	108 shares	65 shares
Fresh Issue Size	2,30,30,000 shares	1,73,91,304 shares
Fresh Issue Size (Amount)	up to ₹310.91 Cr	up to ₹400.00 Cr
OFS Issue Size		1,04,37,047 shares
OFS Issue Size (Amount)		up to ₹240.05 Cr
Issue Size Total	2,30,30,000 shares	2,78,28,351 shares
Issue Size Total (Amount)	up to ₹310.91 Cr	up to ₹640.05 Cr

IPO Timetable

BLS E-Services IPO opens on Jan 30, 2024, while EPACK Durable IPO opens on Jan 19, 2024. The closing date of BLS E-Services IPO and EPACK Durable IPO is Feb 01, 2024, and Jan 24, 2024, respectively.

	BLS E-Services IPO	EPACK Durable IPO
Anchor Bid Date	Jan 29, 2024	Jan 18, 2024
Issue Open	Jan 30, 2024	Jan 19, 2024
Issue Close	Feb 01, 2024	Jan 24, 2024
Basis Of Allotment (Tentative)	Feb 02, 2024	Jan 25, 2024
Initiation of Refunds (Tentative)	Feb 05, 2024	Jan 29, 2024
Credit of Share (Tentative)	Feb 05, 2024	Jan 29, 2024
Listing date (Tentative)	Feb 06, 2024	Jan 30, 2024
Anchor Lockin End date 1	Mar 03, 2024	Feb 24, 2024
Anchor Lockin End date 2	May 02, 2024	Apr 24, 2024

Financials

BLS E-Services IPO P/E ratio is 44.31, as compared to EPACK Durable IPO P/E ratio of 56.4.

BLS E-Services IPO

EPACK Durable 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

EPACK Durable Limited Financial Information (Restated)

EPACK Durable Limited's revenue increased by 66.09% and profit after tax (PAT) rose by 83.39% 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	1,071.45	1,464.16	1,076.68	520.37
Revenue	616.32	1,540.25	927.34	739.66
Profit After Tax	2.65	31.97	17.43	7.80
Net Worth	478.31	313.62	121.87	68.91
Total Borrowing	369.57	492.45	383.98	238.56
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

93.80%

85.49%

Promoter Shareholding (Post-Issue)

68.90%

65.36%

P/E Ratio

44.31

56.4

Market Cap

₹1226.56 Cr.

₹2203.37 Cr.

ROE

33.33%%

14.68%%

ROCE

30.62%%

11.85%%

Debt/Equity

0.05

1.58

EPS

₹3.05

₹4.08

RoNW

16.46%%

14.68%%

Shares Offered

In the BLS E-Services IPO retail investors (RII) are offered 20,72,700 shares while in EPACK Durable 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 55,65,670 shares in EPACK Durable IPO.

	BLS E-Services IPO	EPACK Durable IPO
Anchor Investor Reserveration	93,27,096 shares	83,48,504 shares
Market Maker Reserveration
QIB	62,18,154 shares	55,65,670 shares
NII	31,09,050 shares	41,74,253 shares
RII	20,72,700 shares	97,39,923 shares
Employee	0 shares	0 shares
Others
Total	1,37,02,904 shares	1,94,79,846 shares

Bids Received (Subscription)

BLS E-Services IPO subscribed 162.38x in total, whereas EPACK Durable IPO subscribed 16.79x.

	BLS E-Services IPO	EPACK Durable IPO
QIB (times)	123.30x	25.59x
NII (times)	300.05x	29.07x
Big NII (times)	305.27x	31.60x
Small NII (times)	289.59x	21.74x
RII (times)	236.53x	6.50x
Employee (times)
Other (times)	15.30x
Total (times)	162.38x	16.79x

Compare with others

BLS E-Services IPO	EPACK Durable IPO
Capital SFB IPO	Platinum Industries IPO
Jana SFB IPO	Apeejay Surrendra Park IPO
Platinum Industries IPO	Rashi Peripherals IPO
Apeejay Surrendra Park IPO	BLS E-Services IPO
Rashi Peripherals IPO	R K SWAMY 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	Innova Captab IPO
Jyoti CNC Automation IPO	Azad Engineering IPO

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