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AIK Pipes IPO vs Shri Balaji Valve Components IPO

Comparison between AIK Pipes IPO and Shri Balaji Valve Components IPO.

IPO Details

AIK Pipes IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Shri Balaji Valve Components IPO is a SME Bookbuilding proposed to list at BSE SME.

 AIK Pipes IPOShri Balaji Valve Components IPO
LogoAIK Pipes IPO LogoShri Balaji Valve Components IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMEBSE SME
Lead ManagersShreni Shares Ltd.Hem Securities Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerShreni Shares Ltd.Hem Finlease Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of AIK Pipes IPO is up to ₹14.27 Cr whereas the issue size of the Shri Balaji Valve Components IPO is up to ₹20.46 Cr. The final issue price of AIK Pipes IPO is ₹89.00 per share and of Shri Balaji Valve Components IPO is ₹100.00 per share.

 AIK Pipes IPOShri Balaji Valve Components IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹95.00 per share
Issue Price (Upper)₹100.00 per share
Issue Price (Final)₹89.00 per share₹100.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares1200 shares
Fresh Issue Size16,03,200 shares20,46,000 shares
Fresh Issue Size (Amount)up to ₹14.27 Crup to ₹20.46 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total16,03,200 shares20,46,000 shares
Issue Size Total (Amount)up to ₹14.27 Crup to ₹20.46 Cr

IPO Timetable

AIK Pipes IPO opens on Dec 26, 2023, while Shri Balaji Valve Components IPO opens on Dec 27, 2023. The closing date of AIK Pipes IPO and Shri Balaji Valve Components IPO is Dec 28, 2023, and Dec 29, 2023, respectively.

 AIK Pipes IPOShri Balaji Valve Components IPO
Anchor Bid DateDec 26, 2023
Issue OpenDec 26, 2023Dec 27, 2023
Issue CloseDec 28, 2023Dec 29, 2023
Basis Of Allotment (Tentative)Dec 29, 2023Jan 01, 2024
Initiation of Refunds (Tentative)Jan 01, 2024Jan 02, 2024
Credit of Share (Tentative)Jan 01, 2024Jan 02, 2024
Listing date (Tentative)Jan 02, 2024Jan 03, 2024
Anchor Lockin End date 1Jan 31, 2024
Anchor Lockin End date 2Mar 31, 2024

Financials & KPIs

AIK Pipes IPO P/E ratio is 21.54, as compared to Shri Balaji Valve Components IPO P/E ratio of 9.33.

 AIK Pipes IPOShri Balaji Valve Components IPO
Financials

Company Financials (Restated)

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets16.3914.519.687.40
Total Income14.0030.7820.9110.21
Profit After Tax1.021.880.880.27
NET Worth6.625.612.030.85
Reserves and Surplus1.954.331.330.45
Total Borrowing4.305.384.323.83
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets51.3250.2339.7317.59
Total Income16.5562.9439.0616.16
Profit After Tax1.856.431.53-0.03
NET Worth9.767.891.45-0.11
Reserves and Surplus3.777.911.48-0.06
Total Borrowing28.7928.7828.0014.00
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100100
Promoter Shareholding (Post-Issue)73.4773.53
P/E Ratio21.549.33
Market Cap₹56.63 Cr.₹81.60 Cr.
ROE49.19136.76
ROCE17.9026.47
Debt/Equity0.963.63
EPS₹4.13₹10.72
RoNW33.5081.50

Shares Offered

In the AIK Pipes IPO Retail Individual Investors (RII) are offered 8,01,600 shares while in Shri Balaji Valve Components IPO retail investors are offered 8,01,600 shares. Qualified Institutional Buyers (QIB) are offered in AIK Pipes IPO and 4,09,200 shares in Shri Balaji Valve Components IPO.

 AIK Pipes IPOShri Balaji Valve Components IPO
Anchor Investor Reservation6,13,200 shares
Market Maker Reservation84,800 shares1,14,000 shares
QIB4,09,200 shares
NII8,01,600 shares3,07,200 shares
RII8,01,600 shares7,16,400 shares
Employee
Others
Total16,03,200 shares20,46,000 shares

Bids Received (Subscription)

AIK Pipes IPO subscribed 41.55x in total, whereas Shri Balaji Valve Components IPO subscribed 193.59x.

 AIK Pipes IPOShri Balaji Valve Components IPO
QIB (times)70.04x
NII (times)52.17x799.70x
Big NII (times)
Small NII (times)
RII (times)30.93x169.95x
Employee (times)
Other (times)
Total (times)41.55x193.59x

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Compare:

AIK Pipes IPO Vs Shri Balaji Valve Components IPO