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Akanksha Power and Infrastructure IPO vs Balaji Valve Components IPO

Comparision between Akanksha Power and Infrastructure IPO and Balaji Valve Components IPO.

IPO Details

Akanksha Power and Infrastructure IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Balaji Valve Components IPO is a SME Book Built Issue proposed to list at BSE SME.

  Akanksha Power and Infrastructure IPO Balaji Valve Components IPO
Logo Akanksha Power and Infrastructure IPO Logo Balaji Valve Components IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Book Built Issue
Listing At NSE SME BSE SME
Lead Managers Narnolia Financial Services Ltd Hem Securities Limited
Registrar Link Intime India Private Ltd Bigshare Services Pvt Ltd
Market Maker Nikunj Stock Brokers Limited Hem Finlease Private Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Akanksha Power and Infrastructure IPO is up to ₹27.49 Cr whereas the issue size of the Balaji Valve Components IPO is up to ₹21.60 Cr. The final issue price of Akanksha Power and Infrastructure IPO is ₹55.00 per share and of Balaji Valve Components IPO is ₹100.00 per share.

  Akanksha Power and Infrastructure IPO Balaji Valve Components IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹52.00 per share ₹95.00 per share
Issue Price (Upper) ₹55.00 per share ₹100.00 per share
Issue Price (Final) ₹55.00 per share ₹100.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 1200 shares
Fresh Issue Size 49,98,000 shares 21,60,000 shares
Fresh Issue Size (Amount) up to ₹27.49 Cr up to ₹21.60 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 49,98,000 shares 21,60,000 shares
Issue Size Total (Amount) up to ₹27.49 Cr up to ₹21.60 Cr

IPO Timetable

Akanksha Power and Infrastructure IPO opens on Dec 27, 2023, while Balaji Valve Components IPO opens on Dec 27, 2023. The closing date of Akanksha Power and Infrastructure IPO and Balaji Valve Components IPO is Dec 29, 2023, and Dec 29, 2023, respectively.

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

Financials

Akanksha Power and Infrastructure IPO P/E ratio is 24.02, as compared to Balaji Valve Components IPO P/E ratio of 9.33.

  Akanksha Power and Infrastructure IPO Balaji Valve Components IPO
Financial

Akanksha Power and Infrastructure Limited Financial Information (Restated)

Akanksha Power and Infrastructure Limited's revenue decreased by -10.8% and profit after tax (PAT) rose by 20.58% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,530.824,762.653,838.923,781.19
Revenue1,027.274,644.035,206.507,441.05
Profit After Tax71.06290.50240.92392.12
Net Worth2,074.751,595.941,305.421,064.50
Reserves and Surplus722.701,414.441,123.92883.00
Total Borrowing1,722.621,527.681,055.03891.47
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) 83.28% 100%
Promoter Shareholding (Post-Issue) 60.81% 73.53%
P/E Ratio 24.02 9.33
Market Cap ₹101.85 Cr. ₹81.60 Cr.
ROE 18.20%% 136.76%%
ROCE 22.75%% 26.47%%
Debt/Equity 0.96 3.63
EPS ₹2.29 ₹10.72
RoNW 18.20%% 81.50%%

Shares Offered

In the Akanksha Power and Infrastructure IPO retail investors (RII) are offered 16,60,000 shares while in Balaji Valve Components IPO retail investors are offered 16,60,000 shares. Qualified institutional buyers (QIB) are offered 9,48,000 shares in Akanksha Power and Infrastructure IPO and 4,09,200 shares in Balaji Valve Components IPO.

  Akanksha Power and Infrastructure IPO Balaji Valve Components IPO
Anchor Investor Reserveration 14,18,000 shares 6,13,200 shares
Market Maker Reserveration 2,60,000 shares 1,14,000 shares
QIB 9,48,000 shares 4,09,200 shares
NII 7,12,000 shares 3,07,200 shares
RII 16,60,000 shares 7,16,400 shares
Employee 0 shares 0 shares
Others
Total 33,20,000 shares 14,32,800 shares

Bids Received (Subscription)

Akanksha Power and Infrastructure IPO subscribed 117.39x in total, whereas Balaji Valve Components IPO subscribed 276.44x.

  Akanksha Power and Infrastructure IPO Balaji Valve Components IPO
QIB (times) 38.51x 70.04x
NII (times) 238.60x 799.70x
Big NII (times)
Small NII (times)
RII (times) 110.44x 169.95x
Employee (times)
Other (times)
Total (times) 117.39x 276.44x

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