Balaji Valve Components IPO vs Kaushalya Logistics IPO

Comparision between Balaji Valve Components IPO and Kaushalya Logistics IPO.

IPO Details

Balaji Valve Components IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Kaushalya Logistics IPO is a SME Book Built Issue proposed to list at NSE SME.

	Balaji Valve Components IPO	Kaushalya Logistics IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Hem Securities Limited	Khandwala Securities Limited
Registrar	Bigshare Services Pvt Ltd	Skyline Financial Services Private Ltd
Market Maker	Hem Finlease Private Limited	Nikunj Stock Brokers Limited
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 Balaji Valve Components IPO is up to ₹21.60 Cr whereas the issue size of the Kaushalya Logistics IPO is up to ₹36.60 Cr. The final issue price of Balaji Valve Components IPO is ₹100.00 per share and of Kaushalya Logistics IPO is ₹75.00 per share.

	Balaji Valve Components IPO	Kaushalya Logistics IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹95.00 per share	₹71.00 per share
Issue Price (Upper)	₹100.00 per share	₹75.00 per share
Issue Price (Final)	₹100.00 per share	₹75.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1600 shares
Fresh Issue Size	21,60,000 shares	33,80,000 shares
Fresh Issue Size (Amount)	up to ₹21.60 Cr	up to ₹25.35 Cr
OFS Issue Size		15,00,000 shares
OFS Issue Size (Amount)		up to ₹11.25 Cr
Issue Size Total	21,60,000 shares	48,80,000 shares
Issue Size Total (Amount)	up to ₹21.60 Cr	up to ₹36.60 Cr

IPO Timetable

Balaji Valve Components IPO opens on Dec 27, 2023, while Kaushalya Logistics IPO opens on Dec 29, 2023. The closing date of Balaji Valve Components IPO and Kaushalya Logistics IPO is Dec 29, 2023, and Jan 03, 2024, respectively.

	Balaji Valve Components IPO	Kaushalya Logistics IPO
Anchor Bid Date	Dec 26, 2023	Dec 28, 2023
Issue Open	Dec 27, 2023	Dec 29, 2023
Issue Close	Dec 29, 2023	Jan 03, 2024
Basis Of Allotment (Tentative)	Jan 01, 2024	Jan 04, 2024
Initiation of Refunds (Tentative)	Jan 02, 2024	Jan 05, 2024
Credit of Share (Tentative)	Jan 02, 2024	Jan 05, 2024
Listing date (Tentative)	Jan 03, 2024	Jan 08, 2024
Anchor Lockin End date 1	Jan 31, 2024	Feb 03, 2024
Anchor Lockin End date 2	Mar 31, 2024	Apr 03, 2024

Financials

Balaji Valve Components IPO P/E ratio is 9.33, as compared to Kaushalya Logistics IPO P/E ratio of 0.16.

Balaji Valve Components IPO

Kaushalya Logistics 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

Kaushalya Logistics Limited Financial Information (Restated Consolidated)

Kaushalya Logistics Limited's revenue increased by 894.14% and profit after tax (PAT) rose by 87.43% 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	16,842.35	14,069.86	6,493.87	3,276.49
Revenue	57,053.16	63,216.41	6,358.92	3,328.40
Profit After Tax	214.65	705.87	376.61	299.69
Net Worth	2,148.29	1,933.64	1,226.62	849.60
Reserves and Surplus	2,133.29	1,918.64	1,211.62	834.60
Total Borrowing	5,488.50	3,213.34	2,476.88	1,070.36
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

99.99%

Promoter Shareholding (Post-Issue)

73.53%

72.98%

P/E Ratio

9.33

0.16

Market Cap

₹81.60 Cr.

₹138.98 Cr.

ROE

136.76%%

4713.49%%

ROCE

26.47%%

70.48%%

Debt/Equity

3.63

EPS

₹10.72

₹470.58

RoNW

81.50%%

36.50%%

Shares Offered

In the Balaji Valve Components IPO retail investors (RII) are offered 7,16,400 shares while in Kaushalya Logistics 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 9,82,400 shares in Kaushalya Logistics IPO.

	Balaji Valve Components IPO	Kaushalya Logistics IPO
Anchor Investor Reserveration	6,13,200 shares	13,34,000 shares
Market Maker Reserveration	1,14,000 shares	2,44,800 shares
QIB	4,09,200 shares	9,82,400 shares
NII	3,07,200 shares	6,96,000 shares
RII	7,16,400 shares	16,24,400 shares
Employee	0 shares	0 shares
Others
Total	14,32,800 shares	33,02,800 shares

Bids Received (Subscription)

Balaji Valve Components IPO subscribed 276.44x in total, whereas Kaushalya Logistics IPO subscribed 390.88x.

	Balaji Valve Components IPO	Kaushalya Logistics IPO
QIB (times)	70.04x	92.62x
NII (times)	799.70x	847.88x
Big NII (times)
Small NII (times)
RII (times)	169.95x	375.44x
Employee (times)
Other (times)
Total (times)	276.44x	390.88x

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