Balaji Speciality Chemicals IPO vs India Shelter Finance IPO

Comparision between Balaji Speciality Chemicals IPO and India Shelter Finance IPO.

IPO Details

Balaji Speciality Chemicals IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while India Shelter Finance IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Balaji Speciality Chemicals IPO	India Shelter Finance 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	Hdfc Bank Limited Jm Financial Limited	ICICI Securities Limited Citigroup Global Markets India Private Limited Kotak Mahindra Capital Company Limited Ambit Private Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
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 Balaji Speciality Chemicals IPO is whereas the issue size of the India Shelter Finance IPO is up to ₹1,200.00 Cr. The final issue price of Balaji Speciality Chemicals IPO is and of India Shelter Finance IPO is ₹493.00 per share.

	Balaji Speciality Chemicals IPO	India Shelter Finance IPO
Face Value	₹2 per share	₹5 per share
Issue Price (Lower)		₹469.00 per share
Issue Price (Upper)		₹493.00 per share
Issue Price (Final)		₹493.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size		30 shares
Fresh Issue Size		1,62,27,181 shares
Fresh Issue Size (Amount)	up to ₹250.00 Cr	up to ₹800.00 Cr
OFS Issue Size	2,60,00,000 shares	81,13,590 shares
OFS Issue Size (Amount)		up to ₹400.00 Cr
Issue Size Total		2,43,40,771 shares
Issue Size Total (Amount)		up to ₹1,200.00 Cr

IPO Timetable

Balaji Speciality Chemicals IPO opens on , while India Shelter Finance IPO opens on Dec 13, 2023. The closing date of Balaji Speciality Chemicals IPO and India Shelter Finance IPO is , and Dec 15, 2023, respectively.

	Balaji Speciality Chemicals IPO	India Shelter Finance IPO
Anchor Bid Date		Dec 12, 2023
Issue Open		Dec 13, 2023
Issue Close		Dec 15, 2023
Basis Of Allotment (Tentative)		Dec 18, 2023
Initiation of Refunds (Tentative)		Dec 19, 2023
Credit of Share (Tentative)		Dec 19, 2023
Listing date (Tentative)		Dec 20, 2023
Anchor Lockin End date 1		Jan 17, 2024
Anchor Lockin End date 2		Mar 17, 2024

Financials

Balaji Speciality Chemicals IPO P/E ratio is , as compared to India Shelter Finance IPO P/E ratio of 28.22.

Balaji Speciality Chemicals IPO

India Shelter Finance IPO

Financial

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

India Shelter Finance Corporation Limited Financial Information (Restated Consolidated)

India Shelter Finance Corporation Limited's revenue increased by 31.84% and profit after tax (PAT) rose by 20.94% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,758.68	4,295.59	3,221.22	2,462.64
Revenue	398.58	606.23	459.81	322.80
Profit After Tax	107.35	155.34	128.45	87.39
Net Worth	1,374.97	1,240.53	1,076.13	937.27
Reserves and Surplus	1,335.36	1,197.98	1,033.02	894.20
Total Borrowing	3,272.48	2,973.43	2,059.40	1,480.72
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

97.98%

56.75%

Promoter Shareholding (Post-Issue)

48.17%

P/E Ratio

28.22

Market Cap

₹5277.62 Cr.

ROE

13.4%%

ROCE

Debt/Equity

2.12

EPS

₹17.47

RoNW

13.4%%

Shares Offered

In the Balaji Speciality Chemicals IPO retail investors (RII) are offered while in India Shelter Finance IPO retail investors are offered . Qualified institutional buyers (QIB) are offered in Balaji Speciality Chemicals IPO and 48,68,154 shares in India Shelter Finance IPO.

	Balaji Speciality Chemicals IPO	India Shelter Finance IPO
Anchor Investor Reserveration		73,02,229 shares
Market Maker Reserveration
QIB		48,68,154 shares
NII		36,51,116 shares
RII		85,19,270 shares
Employee		0 shares
Others
Total		1,70,38,540 shares

Bids Received (Subscription)

Balaji Speciality Chemicals IPO subscribed in total, whereas India Shelter Finance IPO subscribed 38.59x.

	Balaji Speciality Chemicals IPO	India Shelter Finance IPO
QIB (times)		94.29x
NII (times)		29.97x
Big NII (times)		29.77x
Small NII (times)		30.37x
RII (times)		10.46x
Employee (times)
Other (times)
Total (times)		38.59x

Compare with others

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

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