Birdy's IPO vs Teerth Gopicon IPO

Comparision between Birdy's IPO and Teerth Gopicon IPO.

IPO Details

Birdy's IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Teerth Gopicon IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Birdy's IPO	Teerth Gopicon IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Inventure Merchant Banker Services Pvt Ltd	Interactive Financial Services Ltd
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Rikhav Securities Limited	Giriraj Stock Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Birdy's IPO is up to ₹16.47 Cr whereas the issue size of the Teerth Gopicon IPO is up to ₹44.40 Cr. The final issue price of Birdy's IPO is ₹120.00 per share and of Teerth Gopicon IPO is ₹111.00 per share.

	Birdy's IPO	Teerth Gopicon IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹120.00 per share	₹111.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1200 shares
Fresh Issue Size	13,72,800 shares	39,99,600 shares
Fresh Issue Size (Amount)	up to ₹16.47 Cr	up to ₹44.40 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	13,72,800 shares	39,99,600 shares
Issue Size Total (Amount)	up to ₹16.47 Cr	up to ₹44.40 Cr

IPO Timetable

Birdy's IPO opens on Apr 15, 2024, while Teerth Gopicon IPO opens on Apr 08, 2024. The closing date of Birdy's IPO and Teerth Gopicon IPO is Apr 18, 2024, and Apr 10, 2024, respectively.

	Birdy's IPO	Teerth Gopicon IPO
Anchor Bid Date
Issue Open	Apr 15, 2024	Apr 08, 2024
Issue Close	Apr 18, 2024	Apr 10, 2024
Basis Of Allotment (Tentative)	Apr 19, 2024	Apr 12, 2024
Initiation of Refunds (Tentative)	Apr 22, 2024	Apr 15, 2024
Credit of Share (Tentative)	Apr 22, 2024	Apr 15, 2024
Listing date (Tentative)	Apr 23, 2024	Apr 16, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Birdy's IPO P/E ratio is 23.12, as compared to Teerth Gopicon IPO P/E ratio of 49.55.

Birdy's IPO

Teerth Gopicon IPO

Financial

Grill Splendour Services Limited Financial Information (Restated)

Grill Splendour Services Limited's revenue increased by 32.92% and profit after tax (PAT) rose by 5654.34% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Nov 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,211.54	764.02	290.59	265.98
Revenue	885.64	1,531.62	1,152.27	825.22
Profit After Tax	61.65	199.10	3.46	-3.63
Net Worth	494.98	200.79	1.69	-1.77
Reserves and Surplus	111.44	199.79	0.69	-2.77
Amount in ₹ Lakhs

Teerth Gopicon Limited Financial Information (Restated)

Period Ended	31 Jan 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	13,719.79	4,743.30	4,277.16	3,115.47
Revenue	6,970.02	3,914.87	3,120.77	4,620.74
Profit After Tax	784.04	179.22	15.27	46.45
Net Worth	1,572.74	788.70	609.49	594.22
Reserves and Surplus	772.74	288.70	109.49	94.22
Total Borrowing	937.18	337.98	1,365.50	933.82
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

49.75%

96.5%

Promoter Shareholding (Post-Issue)

36.64%

64.33%

P/E Ratio

23.12

49.55

Market Cap

₹62.50 Cr.

₹133.20 Cr.

ROE

66.40%%

ROCE

48.40%%

Debt/Equity

1.5

0.6

EPS

₹5.19

₹2.24

RoNW

12.46%%

22.72%%

Shares Offered

In the Birdy's IPO retail investors (RII) are offered 6,51,600 shares while in Teerth Gopicon IPO retail investors are offered 6,51,600 shares. Qualified institutional buyers (QIB) are offered 0 shares in Birdy's IPO and 0 shares in Teerth Gopicon IPO.

	Birdy's IPO	Teerth Gopicon IPO
Anchor Investor Reserveration
Market Maker Reserveration	69,600 shares	2,00,400 shares
QIB	0 shares	0 shares
NII	6,51,600 shares	18,99,600 shares
RII	6,51,600 shares	18,99,600 shares
Employee	0 shares	0 shares
Others
Total	13,03,200 shares	37,99,200 shares

Bids Received (Subscription)

Birdy's IPO subscribed 8.68x in total, whereas Teerth Gopicon IPO subscribed 75.54x.

	Birdy's IPO	Teerth Gopicon IPO
QIB (times)
NII (times)	4.59x	97.12x
Big NII (times)
Small NII (times)
RII (times)	12.78x	44.33x
Employee (times)
Other (times)
Total (times)	8.68x	75.54x

Compare with others

Birdy's IPO	Teerth Gopicon IPO
ABS Marine Services IPO	Emmforce Autotech IPO
Shivam Chemicals IPO	Birdy's IPO
Varyaa Creations IPO	Greenhitech Ventures IPO
Faalcon Concepts IPO	Finelistings Technologies IPO
Emmforce Autotech IPO	Ramdevbaba Solvent IPO
Greenhitech Ventures IPO	DCG Cables & Wires IPO
Finelistings Technologies IPO	Creative Graphics Solutions India IPO
Ramdevbaba Solvent IPO	K2 Infragen IPO
Teerth Gopicon IPO	Aluwind Architectural IPO
DCG Cables & Wires IPO	Jay Kailash Namkeen IPO

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