Balaji Valve Components IPO vs Indifra IPO

Comparision between Balaji Valve Components IPO and Indifra IPO.

IPO Details

Balaji Valve Components IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Indifra IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Balaji Valve Components IPO	Indifra IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Hem Securities Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
Market Maker	Hem Finlease Private 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 Balaji Valve Components IPO is up to ₹21.60 Cr whereas the issue size of the Indifra IPO is up to ₹14.04 Cr. The final issue price of Balaji Valve Components IPO is ₹100.00 per share and of Indifra IPO is ₹65.00 per share.

	Balaji Valve Components IPO	Indifra IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹95.00 per share
Issue Price (Upper)	₹100.00 per share
Issue Price (Final)	₹100.00 per share	₹65.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	2000 shares
Fresh Issue Size	21,60,000 shares	21,60,000 shares
Fresh Issue Size (Amount)	up to ₹21.60 Cr	up to ₹14.04 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	21,60,000 shares	21,60,000 shares
Issue Size Total (Amount)	up to ₹21.60 Cr	up to ₹14.04 Cr

IPO Timetable

Balaji Valve Components IPO opens on Dec 27, 2023, while Indifra IPO opens on Dec 21, 2023. The closing date of Balaji Valve Components IPO and Indifra IPO is Dec 29, 2023, and Dec 26, 2023, respectively.

	Balaji Valve Components IPO	Indifra IPO
Anchor Bid Date	Dec 26, 2023
Issue Open	Dec 27, 2023	Dec 21, 2023
Issue Close	Dec 29, 2023	Dec 26, 2023
Basis Of Allotment (Tentative)	Jan 01, 2024	Dec 27, 2023
Initiation of Refunds (Tentative)	Jan 02, 2024	Dec 28, 2023
Credit of Share (Tentative)	Jan 02, 2024	Dec 28, 2023
Listing date (Tentative)	Jan 03, 2024	Dec 29, 2023
Anchor Lockin End date 1	Jan 31, 2024	Jan 26, 2024
Anchor Lockin End date 2	Mar 31, 2024	Mar 26, 2024

Financials

Balaji Valve Components IPO P/E ratio is 9.33, as compared to Indifra IPO P/E ratio of 11.23.

Balaji Valve Components IPO

Indifra IPO

Financial

Shri Balaji Valve Component Limited Financial Information (Restated)

Shri Balaji Valve Component Limited's revenue increased by 61.14% and profit after tax (PAT) rose by 319.07% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	5,132.00	5,023.02	3,973.46	1,758.63
Revenue	1,654.64	6,294.10	3,906.05	1,616.49
Profit After Tax	184.84	643.15	153.47	-3.22
Net Worth	975.66	789.14	144.64	-10.85
Reserves and Surplus	377.01	790.85	147.70	-5.77
Total Borrowing	2,879.49	2,877.99	2,799.71	1,399.54
Amount in ₹ Lakhs

Indifra Limited Financial Information (Restated)

Indifra Limited's revenue decreased by -8.3% and profit after tax (PAT) rose by 148.07% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	630.24	312.46	420.10	229.63
Revenue	64.28	1,001.69	1,092.41	306.54
Profit After Tax	3.54	99.08	39.94	10.51
Net Worth	533.25	169.70	70.62	30.68
Reserves and Surplus	20.25	168.70	69.62	29.68
Total Borrowing		38.26	50.61	45.05
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

96%

Promoter Shareholding (Post-Issue)

73.53%

67.55%

P/E Ratio

9.33

11.23

Market Cap

₹81.60 Cr.

₹47.39 Cr.

ROE

136.76%%

82.45%%

ROCE

26.47%%

86.21%%

Debt/Equity

3.63

EPS

₹10.72

₹5.79

RoNW

81.50%%

82.45%%

Shares Offered

In the Balaji Valve Components IPO retail investors (RII) are offered 7,16,400 shares while in Indifra IPO retail investors are offered 7,16,400 shares. Qualified institutional buyers (QIB) are offered 4,09,200 shares in Balaji Valve Components IPO and 0 shares in Indifra IPO.

	Balaji Valve Components IPO	Indifra IPO
Anchor Investor Reserveration	6,13,200 shares
Market Maker Reserveration	1,14,000 shares	1,08,000 shares
QIB	4,09,200 shares	0 shares
NII	3,07,200 shares	10,26,000 shares
RII	7,16,400 shares	10,26,000 shares
Employee	0 shares	0 shares
Others
Total	14,32,800 shares	20,52,000 shares

Bids Received (Subscription)

Balaji Valve Components IPO subscribed 276.44x in total, whereas Indifra IPO subscribed 7.21x.

	Balaji Valve Components IPO	Indifra IPO
QIB (times)	70.04x
NII (times)	799.70x	2.34x
Big NII (times)
Small NII (times)
RII (times)	169.95x	12.07x
Employee (times)
Other (times)
Total (times)	276.44x	7.21x

Compare with others

Balaji Valve Components IPO	Indifra IPO
Kaushalya Logistics IPO	HRH Next Services IPO
Akanksha Power and Infrastructure IPO	MCPL IPO
HRH Next Services IPO	Kay Cee Energy & Infra IPO
MCPL IPO	Balaji Valve Components IPO
Kay Cee Energy & Infra IPO	AIK Pipes And Polymers IPO
AIK Pipes And Polymers IPO	Sameera Agro IPO
Indifra IPO	Supreme Power Equipment IPO
Sameera Agro IPO	Sahara Maritime IPO
Supreme Power Equipment IPO	Electro Force India IPO
Sahara Maritime IPO	Trident Techlabs IPO

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