Bhatia Colour Chem IPO vs SP Refractories IPO

Comparision between Bhatia Colour Chem IPO and SP Refractories IPO.

IPO Details

Bhatia Colour Chem IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while SP Refractories IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Bhatia Colour Chem IPO	SP Refractories IPO
Logo		$SP Refractories IPO Logo$
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Interactive Financial Services Ltd	Aryaman Financial Services Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Bhatia Colour Chem IPO is up to ₹40.00 Cr whereas the issue size of the SP Refractories IPO is up to ₹4.92 Cr. The final issue price of Bhatia Colour Chem IPO is ₹80.00 per share and of SP Refractories IPO is ₹90.00 per share.

	Bhatia Colour Chem IPO	SP Refractories IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹80.00 per share	₹90.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1600 shares
Fresh Issue Size	50,00,000 shares	2,97,600 shares
Fresh Issue Size (Amount)	up to ₹40.00 Cr	up to ₹2.68 Cr
OFS Issue Size		2,49,600 shares
OFS Issue Size (Amount)		up to ₹2.25 Cr
Issue Size Total	50,00,000 shares	5,47,200 shares
Issue Size Total (Amount)	up to ₹40.00 Cr	up to ₹4.92 Cr

IPO Timetable

Bhatia Colour Chem IPO opens on Mar 14, 2022, while SP Refractories IPO opens on Mar 09, 2022. The closing date of Bhatia Colour Chem IPO and SP Refractories IPO is Mar 16, 2022, and Mar 11, 2022, respectively.

	Bhatia Colour Chem IPO	SP Refractories IPO
Anchor Bid Date
Issue Open	Mar 14, 2022	Mar 09, 2022
Issue Close	Mar 16, 2022	Mar 11, 2022
Basis Of Allotment (Tentative)		Mar 16, 2022
Initiation of Refunds (Tentative)		Mar 17, 2022
Credit of Share (Tentative)		Mar 21, 2022
Listing date (Tentative)		Mar 22, 2022
Anchor Lockin End date 1		Apr 15, 2022
Anchor Lockin End date 2		Jun 14, 2022

Financials

Bhatia Colour Chem IPO P/E ratio is 166, as compared to SP Refractories IPO P/E ratio of 9.94.

Bhatia Colour Chem IPO

SP Refractories IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (Rs in Lakhs)
	18-Feb-22
Total Assets	3,727.56
Total Revenue	531.96
Profit After Tax	35.30

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Lakh)
	30-Sep-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	1,232.20	1,057.17	898.33	792.01
Total Revenue	1,447.64	2,572.48	2,099.59	1,855.95
Profit After Tax	80.74	75.35	39.93	20.59

Promoter Shareholding (Pre-Issue)

74.65%

100%

Promoter Shareholding (Post-Issue)

44.14%

69.42%

P/E Ratio

166

9.94

Market Cap

₹97.87 Cr.

₹16.11 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Bhatia Colour Chem IPO retail investors (RII) are offered 23,68,000 shares while in SP Refractories IPO retail investors are offered 23,68,000 shares. Qualified institutional buyers (QIB) are offered in Bhatia Colour Chem IPO and in SP Refractories IPO.

	Bhatia Colour Chem IPO	SP Refractories IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,64,000 shares	28,800 shares
QIB
NII	23,68,000 shares	2,59,200 shares
RII	23,68,000 shares	2,59,200 shares
Employee
Others
Total	47,36,000 shares	5,18,400 shares

Bids Received (Subscription)

Bhatia Colour Chem IPO subscribed 1.43x in total, whereas SP Refractories IPO subscribed 7.24x.

	Bhatia Colour Chem IPO	SP Refractories IPO
QIB (times)
NII (times)	2.69x	5.64x
Big NII (times)
Small NII (times)
RII (times)	0.18x	8.85x
Employee (times)
Other (times)
Total (times)	1.43x	7.24x

Compare with others

Bhatia Colour Chem IPO	SP Refractories IPO
Jeena Sikho IPO	achyut-healthcare-ipo
Empyrean Cashews IPO	Bhatia Colour Chem IPO
krishna defence ipo	Evoq Remedies IPO
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achyut-healthcare-ipo	KN Agri IPO
Evoq Remedies IPO	Cool Caps IPO
Swaraj Suiting IPO	Shigan Quantum Technologies IPO
KN Agri IPO	Ekennis Software IPO
SP Refractories IPO	Richa Info Systems IPO
Cool Caps IPO	Madhavbaug IPO

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