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AIK Pipes And Polymers IPO vs Balaji Valve Components IPO

Comparision between AIK Pipes And Polymers IPO and Balaji Valve Components IPO.

IPO Details

AIK Pipes And Polymers IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Balaji Valve Components IPO is a SME Book Built Issue proposed to list at BSE SME.

  AIK Pipes And Polymers IPO Balaji Valve Components IPO
Logo AIK Pipes And Polymers IPO Logo Balaji Valve Components IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Book Built Issue
Listing At BSE SME BSE SME
Lead Managers Shreni Shares Limited Hem Securities Limited
Registrar Skyline Financial Services Private Ltd Bigshare Services Pvt Ltd
Market Maker Shreni Shares Limited Hem Finlease Private 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 AIK Pipes And Polymers IPO is up to ₹15.02 Cr whereas the issue size of the Balaji Valve Components IPO is up to ₹21.60 Cr. The final issue price of AIK Pipes And Polymers IPO is ₹89.00 per share and of Balaji Valve Components IPO is ₹100.00 per share.

  AIK Pipes And Polymers IPO 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)
Discount (Employee)
Market Lot Size 1600 shares 1200 shares
Fresh Issue Size 16,88,000 shares 21,60,000 shares
Fresh Issue Size (Amount) up to ₹15.02 Cr up to ₹21.60 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 16,88,000 shares 21,60,000 shares
Issue Size Total (Amount) up to ₹15.02 Cr up to ₹21.60 Cr

IPO Timetable

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

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

Financials

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

  AIK Pipes And Polymers IPO Balaji Valve Components IPO
Financial

AIK Pipes And Polymers Limited Financial Information (Restated)

AIK Pipes And Polymers Limited's revenue increased by 47.21% and profit after tax (PAT) rose by 113.58% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,638.561,450.50968.13739.75
Revenue1,400.423,077.922,090.841,020.54
Profit After Tax101.97187.7487.9026.99
Net Worth662.47560.50202.7684.86
Reserves and Surplus194.97433.00132.7644.86
Total Borrowing429.91538.09432.17382.88
Amount in ₹ Lakhs

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 Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,132.005,023.023,973.461,758.63
Revenue1,654.646,294.103,906.051,616.49
Profit After Tax184.84643.15153.47-3.22
Net Worth975.66789.14144.64-10.85
Reserves and Surplus377.01790.85147.70-5.77
Total Borrowing2,879.492,877.992,799.711,399.54
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100% 100%
Promoter Shareholding (Post-Issue) 73.47% 73.53%
P/E Ratio 21.54 9.33
Market Cap ₹56.63 Cr. ₹81.60 Cr.
ROE 49.19%% 136.76%%
ROCE 17.90%% 26.47%%
Debt/Equity 0.96 3.63
EPS ₹4.13 ₹10.72
RoNW 33.50% 81.50%%

Shares Offered

In the AIK Pipes And Polymers IPO retail investors (RII) are offered 8,01,600 shares while in Balaji Valve Components IPO retail investors are offered 8,01,600 shares. Qualified institutional buyers (QIB) are offered 0 shares in AIK Pipes And Polymers IPO and 4,09,200 shares in Balaji Valve Components IPO.

  AIK Pipes And Polymers IPO Balaji Valve Components IPO
Anchor Investor Reserveration 6,13,200 shares
Market Maker Reserveration 84,800 shares 1,14,000 shares
QIB 0 shares 4,09,200 shares
NII 8,01,600 shares 3,07,200 shares
RII 8,01,600 shares 7,16,400 shares
Employee 0 shares 0 shares
Others
Total 16,03,200 shares 14,32,800 shares

Bids Received (Subscription)

AIK Pipes And Polymers IPO subscribed 43.57x in total, whereas Balaji Valve Components IPO subscribed 276.44x.

  AIK Pipes And Polymers IPO Balaji Valve Components IPO
QIB (times) 70.04x
NII (times) 52.17x 799.70x
Big NII (times)
Small NII (times)
RII (times) 30.93x 169.95x
Employee (times)
Other (times)
Total (times) 43.57x 276.44x

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