Balaji Valve Components IPO vs Supreme Power Equipment IPO

Comparision between Balaji Valve Components IPO and Supreme Power Equipment IPO.

IPO Details

Balaji Valve Components IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Supreme Power Equipment IPO is a SME Book Built Issue proposed to list at NSE SME.

	Balaji Valve Components IPO	Supreme Power Equipment 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	Narnolia Financial Services Ltd
Registrar	Bigshare Services Pvt Ltd	Purva Sharegistry India Pvt Ltd
Market Maker	Hem Finlease Private Limited	Share India Securities 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 Supreme Power Equipment IPO is up to ₹46.67 Cr. The final issue price of Balaji Valve Components IPO is ₹100.00 per share and of Supreme Power Equipment IPO is ₹65.00 per share.

	Balaji Valve Components IPO	Supreme Power Equipment IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹95.00 per share	₹61.00 per share
Issue Price (Upper)	₹100.00 per share	₹65.00 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	71,80,000 shares
Fresh Issue Size (Amount)	up to ₹21.60 Cr	up to ₹46.67 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	21,60,000 shares	71,80,000 shares
Issue Size Total (Amount)	up to ₹21.60 Cr	up to ₹46.67 Cr

IPO Timetable

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

	Balaji Valve Components IPO	Supreme Power Equipment IPO
Anchor Bid Date	Dec 26, 2023	Dec 20, 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 Supreme Power Equipment IPO P/E ratio of 10.69.

Balaji Valve Components IPO

Supreme Power Equipment 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

Supreme Power Equipment Limited Financial Information (Restated Consolidated)

Period Ended	31 Jul 2023	31 Mar 2023
Assets	9,187.16	6,901.04
Revenue	3,927.61	9,990.85
Profit After Tax	503.16	1,107.88
Net Worth	2,298.26	1,805.69
Reserves and Surplus	1,902.46	1,409.89
Total Borrowing	2,153.82	1,999.74
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

79.37%

Promoter Shareholding (Post-Issue)

73.53%

57.54%

P/E Ratio

9.33

10.69

Market Cap

₹81.60 Cr.

₹162.44 Cr.

ROE

136.76%%

59.88%%

ROCE

26.47%%

83.01%%

Debt/Equity

3.63

0.45

EPS

₹10.72

₹6.08

RoNW

81.50%%

59.88%%

Shares Offered

In the Balaji Valve Components IPO retail investors (RII) are offered 7,16,400 shares while in Supreme Power Equipment 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 12,50,000 shares in Supreme Power Equipment IPO.

	Balaji Valve Components IPO	Supreme Power Equipment IPO
Anchor Investor Reserveration	6,13,200 shares	18,70,000 shares
Market Maker Reserveration	1,14,000 shares	9,32,000 shares
QIB	4,09,200 shares	12,50,000 shares
NII	3,07,200 shares	9,40,000 shares
RII	7,16,400 shares	21,88,000 shares
Employee	0 shares	0 shares
Others
Total	14,32,800 shares	43,78,000 shares

Bids Received (Subscription)

Balaji Valve Components IPO subscribed 276.44x in total, whereas Supreme Power Equipment IPO subscribed 262.60x.

	Balaji Valve Components IPO	Supreme Power Equipment IPO
QIB (times)	70.04x	88.98x
NII (times)	799.70x	489.10x
Big NII (times)
Small NII (times)
RII (times)	169.95x	264.48x
Employee (times)
Other (times)
Total (times)	276.44x	262.60x

Compare with others

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

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