BLS E-Services IPO vs R K SWAMY IPO

Comparision between BLS E-Services IPO and R K SWAMY IPO.

IPO Details

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

	BLS E-Services IPO	R K SWAMY 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	SBI Capital Markets Limited Iifl Securities Ltd Motilal Oswal Investment Advisors 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 R K SWAMY IPO is up to ₹423.56 Cr. The final issue price of BLS E-Services IPO is ₹135.00 per share and of R K SWAMY IPO is ₹288.00 per share.

	BLS E-Services IPO	R K SWAMY IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹129.00 per share	₹270.00 per share
Issue Price (Upper)	₹135.00 per share	₹288.00 per share
Issue Price (Final)	₹135.00 per share	₹288.00 per share
Discount (Retail)
Discount (Employee)		₹27.00 per share
Market Lot Size	108 shares	50 shares
Fresh Issue Size	2,30,30,000 shares	60,06,944 shares
Fresh Issue Size (Amount)	up to ₹310.91 Cr	up to ₹173.00 Cr
OFS Issue Size		87,00,000 shares
OFS Issue Size (Amount)		up to ₹250.56 Cr
Issue Size Total	2,30,30,000 shares	1,47,06,944 shares
Issue Size Total (Amount)	up to ₹310.91 Cr	up to ₹423.56 Cr

IPO Timetable

BLS E-Services IPO opens on Jan 30, 2024, while R K SWAMY IPO opens on Mar 04, 2024. The closing date of BLS E-Services IPO and R K SWAMY IPO is Feb 01, 2024, and Mar 06, 2024, respectively.

	BLS E-Services IPO	R K SWAMY IPO
Anchor Bid Date	Jan 29, 2024	Mar 01, 2024
Issue Open	Jan 30, 2024	Mar 04, 2024
Issue Close	Feb 01, 2024	Mar 06, 2024
Basis Of Allotment (Tentative)	Feb 02, 2024	Mar 07, 2024
Initiation of Refunds (Tentative)	Feb 05, 2024	Mar 11, 2024
Credit of Share (Tentative)	Feb 05, 2024	Mar 11, 2024
Listing date (Tentative)	Feb 06, 2024	Mar 12, 2024
Anchor Lockin End date 1	Mar 03, 2024	Apr 06, 2024
Anchor Lockin End date 2	May 02, 2024	Jun 05, 2024

Financials

BLS E-Services IPO P/E ratio is 44.31, as compared to R K SWAMY IPO P/E ratio of 40.96.

BLS E-Services IPO

R K SWAMY 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

R K SWAMY Limited Financial Information (Restated Consolidated)

R K SWAMY Limited's revenue increased by 22.43% and profit after tax (PAT) rose by 62.34% 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	252.23	313.65	406.44	390.06
Revenue	142.55	299.91	244.97	183.22
Profit After Tax	7.93	31.26	19.26	3.08
Net Worth	146.66	140.81	111.93	98.22
Reserves and Surplus	28.85	40.79	12.27	-0.43
Total Borrowing	51.05	4.51	28.73	45.68
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

93.80%

83.03%

Promoter Shareholding (Post-Issue)

68.90%

P/E Ratio

44.31

40.96

Market Cap

₹1226.56 Cr.

₹1453.37 Cr.

ROE

33.33%%

16.47%%

ROCE

30.62%%

6.29%%

Debt/Equity

0.05

1.5

EPS

₹3.05

₹7.03

RoNW

16.46%%

5.41%%

Shares Offered

In the BLS E-Services IPO retail investors (RII) are offered 20,72,700 shares while in R K SWAMY 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 43,33,959 shares in R K SWAMY IPO.

	BLS E-Services IPO	R K SWAMY IPO
Anchor Investor Reserveration	93,27,096 shares	65,00,937 shares
Market Maker Reserveration
QIB	62,18,154 shares	43,33,959 shares
NII	31,09,050 shares	21,66,979 shares
RII	20,72,700 shares	14,44,652 shares
Employee	0 shares	2,87,356 shares
Others
Total	1,37,02,904 shares	82,32,946 shares

Bids Received (Subscription)

BLS E-Services IPO subscribed 162.38x in total, whereas R K SWAMY IPO subscribed 25.78x.

	BLS E-Services IPO	R K SWAMY IPO
QIB (times)	123.30x	20.58x
NII (times)	300.05x	34.24x
Big NII (times)	305.27x	35.73x
Small NII (times)	289.59x	31.27x
RII (times)	236.53x	33.31x
Employee (times)		2.46x
Other (times)	15.30x
Total (times)	162.38x	25.78x

Compare with others

BLS E-Services IPO	R K SWAMY IPO
Capital SFB IPO	Jana SFB IPO
Jana SFB IPO	Platinum Industries IPO
Platinum Industries IPO	Apeejay Surrendra Park IPO
Apeejay Surrendra Park IPO	Rashi Peripherals IPO
Rashi Peripherals IPO	BLS E-Services IPO
R K SWAMY IPO	EPACK Durable IPO
EPACK Durable IPO	Nova AgriTech IPO
Nova AgriTech IPO	Medi Assist Healthcare IPO
Medi Assist Healthcare IPO	Jyoti CNC Automation IPO
Jyoti CNC Automation IPO	Innova Captab IPO

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