Aeroflex Industries IPO vs Balaji Speciality Chemicals IPO

Comparision between Aeroflex Industries IPO and Balaji Speciality Chemicals IPO.

IPO Details

Aeroflex Industries IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Balaji Speciality Chemicals IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Aeroflex Industries IPO	Balaji Speciality Chemicals 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	Pantomath Capital Advisors Pvt Ltd	Hdfc Bank Limited Jm Financial Limited
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Aeroflex Industries IPO is up to ₹351.00 Cr whereas the issue size of the Balaji Speciality Chemicals IPO is . The final issue price of Aeroflex Industries IPO is ₹108.00 per share and of Balaji Speciality Chemicals IPO is .

	Aeroflex Industries IPO	Balaji Speciality Chemicals IPO
Face Value	₹2 per share	₹2 per share
Issue Price (Lower)	₹102.00 per share
Issue Price (Upper)	₹108.00 per share
Issue Price (Final)	₹108.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	130 shares
Fresh Issue Size	1,50,00,000 shares
Fresh Issue Size (Amount)	up to ₹162.00 Cr	up to ₹250.00 Cr
OFS Issue Size	1,75,00,000 shares	2,60,00,000 shares
OFS Issue Size (Amount)	up to ₹189.00 Cr
Issue Size Total	3,25,00,000 shares
Issue Size Total (Amount)	up to ₹351.00 Cr

IPO Timetable

Aeroflex Industries IPO opens on Aug 22, 2023, while Balaji Speciality Chemicals IPO opens on . The closing date of Aeroflex Industries IPO and Balaji Speciality Chemicals IPO is Aug 24, 2023, and , respectively.

	Aeroflex Industries IPO	Balaji Speciality Chemicals IPO
Anchor Bid Date	Aug 21, 2023
Issue Open	Aug 22, 2023
Issue Close	Aug 24, 2023
Basis Of Allotment (Tentative)	Aug 29, 2023
Initiation of Refunds (Tentative)	Aug 30, 2023
Credit of Share (Tentative)	Aug 31, 2023
Listing date (Tentative)	Aug 31, 2023
Anchor Lockin End date 1	Sep 28, 2023
Anchor Lockin End date 2	Nov 27, 2023

Financials

Aeroflex Industries IPO P/E ratio is 40.91, as compared to Balaji Speciality Chemicals IPO P/E ratio of .

Aeroflex Industries IPO

Balaji Speciality Chemicals IPO

Financial

Aeroflex Industries IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	157.19	161.64	183.44	213.98
Revenue	144.94	144.84	240.99	269.48
Profit After Tax	4.69	6.01	27.51	30.15
Net Worth	52.70	58.72	86.22	114.09
Reserves and Surplus
Total Borrowing	63.46	53.07	39.13	45.01

Amount in ₹ Crore

Balaji Speciality Chemicals IPO Financial Information (Restated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	304.24	303.04	401.61	480.98
Revenue	54.12	175.88	516.04	798.74
Profit After Tax	-15.87	10.40	108.95	178.14
Net Worth	68.13	78.53	187.48	365.55
Reserves and Surplus	28.13	38.53	147.48	325.55
Total Borrowing	203.55	204.41	166.64

Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

91.09%

97.98%

Promoter Shareholding (Post-Issue)

66.99%

P/E Ratio

40.91

Market Cap

ROE

26.43%%

ROCE

31.96%%

Debt/Equity

0.39

EPS

₹2.64

RoNW

26.43%%

Shares Offered

In the Aeroflex Industries IPO retail investors (RII) are offered 1,15,08,824 shares while in Balaji Speciality Chemicals IPO retail investors are offered 1,15,08,824 shares. Qualified institutional buyers (QIB) are offered 62,76,490 shares in Aeroflex Industries IPO and in Balaji Speciality Chemicals IPO.

	Aeroflex Industries IPO	Balaji Speciality Chemicals IPO
Anchor Investor Reserveration	95,99,980 shares
Market Maker Reserveration
QIB	62,76,490 shares
NII	49,32,353 shares
RII	1,15,08,824 shares
Employee	0 shares
Others
Total	2,32,17,667 shares

Bids Received (Subscription)

Aeroflex Industries IPO subscribed 97.11x in total, whereas Balaji Speciality Chemicals IPO subscribed .

	Aeroflex Industries IPO	Balaji Speciality Chemicals IPO
QIB (times)	194.73x
NII (times)	126.13x
Big NII (times)	125.80x
Small NII (times)	126.80x
RII (times)	34.41x
Employee (times)
Other (times)	28.52x
Total (times)	97.11x

Compare with others

Aeroflex Industries IPO	Balaji Speciality Chemicals IPO
EMS IPO	Ratnaveer Precision Engineering IPO
Jupiter Life Line Hospitals IPO	Vishnu Prakash R Punglia IPO
Rishabh Instruments IPO	Aeroflex Industries IPO
Ratnaveer Precision Engineering IPO	Pyramid Technoplast IPO
Vishnu Prakash R Punglia IPO	India Shelter Finance IPO
Pyramid Technoplast IPO	TVS Supply Chain Solutions IPO
India Shelter Finance IPO	Concord Biotech IPO
Balaji Speciality Chemicals IPO	SBFC Finance IPO
TVS Supply Chain Solutions IPO	Yatharth Hospital IPO
Concord Biotech IPO	Netweb Technologies India IPO

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