BLS E-Services IPO vs Jana SFB IPO

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

IPO Details

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

	BLS E-Services IPO	Jana 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	Axis Capital Limited ICICI Securities Limited SBI Capital Markets 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 Jana SFB IPO is up to ₹570.00 Cr. The final issue price of BLS E-Services IPO is ₹135.00 per share and of Jana SFB IPO is ₹414.00 per share.

	BLS E-Services IPO	Jana SFB IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹129.00 per share	₹393.00 per share
Issue Price (Upper)	₹135.00 per share	₹414.00 per share
Issue Price (Final)	₹135.00 per share	₹414.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	108 shares	36 shares
Fresh Issue Size	2,30,30,000 shares	1,11,59,420 shares
Fresh Issue Size (Amount)	up to ₹310.91 Cr	up to ₹462.00 Cr
OFS Issue Size		26,08,629 shares
OFS Issue Size (Amount)		up to ₹108.00 Cr
Issue Size Total	2,30,30,000 shares	1,37,68,049 shares
Issue Size Total (Amount)	up to ₹310.91 Cr	up to ₹570.00 Cr

IPO Timetable

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

	BLS E-Services IPO	Jana 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 Jana SFB IPO P/E ratio of 15.11.

BLS E-Services IPO

Jana 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

Jana Small Finance Bank Limited Financial Information (Restated)

Jana Small Finance Bank Limited's revenue increased by 20.82% and profit after tax (PAT) rose by 1365.12% 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	28,105.87	25,643.69	20,188.71	19,078.66
Revenue	2,215.57	3,699.88	3,062.37	2,720.74
Profit After Tax	213.22	255.97	17.47	72.26
Net Worth	2,547.11	1,777.07	1,184.56	1,100.77
Reserves and Surplus	2,225.44	1,472.28	999.29	914.09
Total Borrowing	5,313.54	6,277.46	4,509.83	4,815.32
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

93.80%

25.20%

Promoter Shareholding (Post-Issue)

68.90%

P/E Ratio

44.31

15.11

Market Cap

₹1226.56 Cr.

₹4330.04 Cr.

ROE

33.33%%

16.78%%

ROCE

30.62%%

Debt/Equity

0.05

3.49

EPS

₹3.05

₹27.40

RoNW

16.46%%

14.40%%

Shares Offered

In the BLS E-Services IPO retail investors (RII) are offered 20,72,700 shares while in Jana 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 26,88,392 shares in Jana SFB IPO.

	BLS E-Services IPO	Jana SFB IPO
Anchor Investor Reserveration	93,27,096 shares	40,32,588 shares
Market Maker Reserveration
QIB	62,18,154 shares	26,88,392 shares
NII	31,09,050 shares	20,16,294 shares
RII	20,72,700 shares	47,04,687 shares
Employee	0 shares	0 shares
Others
Total	1,37,02,904 shares	94,09,373 shares

Bids Received (Subscription)

BLS E-Services IPO subscribed 162.38x in total, whereas Jana SFB IPO subscribed 19.89x.

	BLS E-Services IPO	Jana SFB IPO
QIB (times)	123.30x	39.81x
NII (times)	300.05x	26.13x
Big NII (times)	305.27x	28.73x
Small NII (times)	289.59x	20.94x
RII (times)	236.53x	5.70x
Employee (times)
Other (times)	15.30x
Total (times)	162.38x	19.89x

Compare with others

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

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