ABS Marine Services IPO vs Birdy's IPO

Comparision between ABS Marine Services IPO and Birdy's IPO.

IPO Details

ABS Marine Services IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Birdy's IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	ABS Marine Services IPO	Birdy's IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	GYR Capital Advisors Private Limited	Inventure Merchant Banker Services Pvt Ltd
Registrar	Purva Sharegistry India Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Giriraj Stock Broking Private Limited	Rikhav Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of ABS Marine Services IPO is up to ₹96.29 Cr whereas the issue size of the Birdy's IPO is up to ₹16.47 Cr. The final issue price of ABS Marine Services IPO is ₹147.00 per share and of Birdy's IPO is ₹120.00 per share.

	ABS Marine Services IPO	Birdy's IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹140.00 per share
Issue Price (Upper)	₹147.00 per share
Issue Price (Final)	₹147.00 per share	₹120.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	1200 shares
Fresh Issue Size	65,50,000 shares	13,72,800 shares
Fresh Issue Size (Amount)	up to ₹96.29 Cr	up to ₹16.47 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	65,50,000 shares	13,72,800 shares
Issue Size Total (Amount)	up to ₹96.29 Cr	up to ₹16.47 Cr

IPO Timetable

ABS Marine Services IPO opens on May 10, 2024, while Birdy's IPO opens on Apr 15, 2024. The closing date of ABS Marine Services IPO and Birdy's IPO is May 15, 2024, and Apr 18, 2024, respectively.

	ABS Marine Services IPO	Birdy's IPO
Anchor Bid Date	May 09, 2024
Issue Open	May 10, 2024	Apr 15, 2024
Issue Close	May 15, 2024	Apr 18, 2024
Basis Of Allotment (Tentative)	May 16, 2024	Apr 19, 2024
Initiation of Refunds (Tentative)	May 17, 2024	Apr 22, 2024
Credit of Share (Tentative)	May 17, 2024	Apr 22, 2024
Listing date (Tentative)	May 21, 2024	Apr 23, 2024
Anchor Lockin End date 1	Jun 15, 2024
Anchor Lockin End date 2	Aug 14, 2024

Financials

ABS Marine Services IPO P/E ratio is 11.23, as compared to Birdy's IPO P/E ratio of 23.12.

ABS Marine Services IPO

Birdy's IPO

Financial

ABS Marine Services Limited Financial Information (Restated Consolidated)

ABS Marine Services Limited's revenue increased by 21.27% and profit after tax (PAT) rose by 147.22% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	18,480.99	17,552.50	16,663.28
Revenue	13,801.89	11,380.78	8,283.98
Profit After Tax	2,355.41	952.74	809.43
Net Worth	11,717.39	9,352.42	8,370.01
Reserves and Surplus	9,917.39	9,351.42	8,369.01
Total Borrowing	4,567.96	4,866.29	6,114.77
Amount in ₹ Lakhs

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

Promoter Shareholding (Pre-Issue)

86.50%

49.75%

Promoter Shareholding (Post-Issue)

63.42%

36.64%

P/E Ratio

11.23

23.12

Market Cap

₹360.88 Cr.

₹62.50 Cr.

ROE

ROCE

18.67%%

Debt/Equity

0.39

1.5

EPS

₹13.09

₹5.19

RoNW

20.10%%

12.46%%

Shares Offered

In the ABS Marine Services IPO retail investors (RII) are offered 21,49,000 shares while in Birdy's IPO retail investors are offered 21,49,000 shares. Qualified institutional buyers (QIB) are offered 12,28,000 shares in ABS Marine Services IPO and 0 shares in Birdy's IPO.

	ABS Marine Services IPO	Birdy's IPO
Anchor Investor Reserveration	18,41,000 shares
Market Maker Reserveration	4,10,000 shares	69,600 shares
QIB	12,28,000 shares	0 shares
NII	9,22,000 shares	6,51,600 shares
RII	21,49,000 shares	6,51,600 shares
Employee	0 shares	0 shares
Others
Total	42,99,000 shares	13,03,200 shares

Bids Received (Subscription)

ABS Marine Services IPO subscribed 144.44x in total, whereas Birdy's IPO subscribed 8.68x.

	ABS Marine Services IPO	Birdy's IPO
QIB (times)	109.30x
NII (times)	270.94x	4.59x
Big NII (times)
Small NII (times)
RII (times)	110.24x	12.78x
Employee (times)
Other (times)
Total (times)	144.44x	8.68x

Compare with others

ABS Marine Services IPO	Birdy's IPO
Slone Infosystems IPO	ABS Marine Services IPO
Sai Swami Metals and Alloys IPO	Shivam Chemicals IPO
Amkay Products IPO	Varyaa Creations IPO
Storage Technologies Racks and Rollers IPO	Faalcon Concepts IPO
Mandeep Auto Industries IPO	Emmforce Autotech IPO
Shivam Chemicals IPO	Greenhitech Ventures IPO
Varyaa Creations IPO	Finelistings Technologies IPO
Faalcon Concepts IPO	Ramdevbaba Solvent IPO
Emmforce Autotech IPO	Teerth Gopicon IPO
Birdy's IPO	DCG Cables & Wires IPO

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