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ABS Marine Services IPO vs Birdy's IPO

Comparision between ABS Marine Services IPO and Birdy's IPO.

IPO Details

ABS Marine Services IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Birdy's IPO is a SME Fixed Price Issue proposed to list at NSE SME.

  ABS Marine Services IPO Birdy's IPO
Logo ABS Marine Services IPO Logo Birdy's IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Fixed Price Issue
Listing At NSE SME NSE SME
Lead Managers GYR Capital Advisors Private Limited Inventure Merchant Banker Services Pvt Ltd
Registrar Purva Sharegistry India Pvt Ltd Bigshare Services Pvt Ltd
Market Maker Giriraj Stock Broking Private Limited Rikhav Securities 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 ABS Marine Services IPO is up to ₹96.29 Cr whereas the issue size of the Birdy's IPO is up to ₹16.47 Cr. The final issue price of ABS Marine Services IPO is ₹147.00 per share and of Birdy's IPO is ₹120.00 per share.

  ABS Marine Services IPO Birdy's IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹140.00 per share
Issue Price (Upper) ₹147.00 per share
Issue Price (Final) ₹147.00 per share ₹120.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1000 shares 1200 shares
Fresh Issue Size 65,50,000 shares 13,72,800 shares
Fresh Issue Size (Amount) up to ₹96.29 Cr up to ₹16.47 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 65,50,000 shares 13,72,800 shares
Issue Size Total (Amount) up to ₹96.29 Cr up to ₹16.47 Cr

IPO Timetable

ABS Marine Services IPO opens on May 10, 2024, while Birdy's IPO opens on Apr 15, 2024. The closing date of ABS Marine Services IPO and Birdy's IPO is May 15, 2024, and Apr 18, 2024, respectively.

  ABS Marine Services IPO Birdy's IPO
Anchor Bid Date May 09, 2024
Issue Open May 10, 2024 Apr 15, 2024
Issue Close May 15, 2024 Apr 18, 2024
Basis Of Allotment (Tentative) May 16, 2024 Apr 19, 2024
Initiation of Refunds (Tentative) May 17, 2024 Apr 22, 2024
Credit of Share (Tentative) May 17, 2024 Apr 22, 2024
Listing date (Tentative) May 21, 2024 Apr 23, 2024
Anchor Lockin End date 1 Jun 15, 2024
Anchor Lockin End date 2 Aug 14, 2024

Financials

ABS Marine Services IPO P/E ratio is 11.23, as compared to Birdy's IPO P/E ratio of 23.12.

  ABS Marine Services IPO Birdy's IPO
Financial

ABS Marine Services Limited Financial Information (Restated Consolidated)

ABS Marine Services Limited's revenue increased by 21.27% and profit after tax (PAT) rose by 147.22% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets18,480.9917,552.5016,663.28
Revenue13,801.8911,380.788,283.98
Profit After Tax2,355.41952.74809.43
Net Worth11,717.399,352.428,370.01
Reserves and Surplus9,917.399,351.428,369.01
Total Borrowing4,567.964,866.296,114.77
Amount in ₹ Lakhs

Grill Splendour Services Limited Financial Information (Restated)

Grill Splendour Services Limited's revenue increased by 32.92% and profit after tax (PAT) rose by 5654.34% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Nov 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,211.54764.02290.59265.98
Revenue885.641,531.621,152.27825.22
Profit After Tax61.65199.103.46-3.63
Net Worth494.98200.791.69-1.77
Reserves and Surplus111.44199.790.69-2.77
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 86.50% 49.75%
Promoter Shareholding (Post-Issue) 63.42% 36.64%
P/E Ratio 11.23 23.12
Market Cap ₹360.88 Cr. ₹62.50 Cr.
ROE
ROCE 18.67%%
Debt/Equity 0.39 1.5
EPS ₹13.09 ₹5.19
RoNW 20.10%% 12.46%%

Shares Offered

In the ABS Marine Services IPO retail investors (RII) are offered 21,49,000 shares while in Birdy's IPO retail investors are offered 21,49,000 shares. Qualified institutional buyers (QIB) are offered 12,28,000 shares in ABS Marine Services IPO and 0 shares in Birdy's IPO.

  ABS Marine Services IPO Birdy's IPO
Anchor Investor Reserveration 18,41,000 shares
Market Maker Reserveration 4,10,000 shares 69,600 shares
QIB 12,28,000 shares 0 shares
NII 9,22,000 shares 6,51,600 shares
RII 21,49,000 shares 6,51,600 shares
Employee 0 shares 0 shares
Others
Total 42,99,000 shares 13,03,200 shares

Bids Received (Subscription)

ABS Marine Services IPO subscribed 144.44x in total, whereas Birdy's IPO subscribed 8.68x.

  ABS Marine Services IPO Birdy's IPO
QIB (times) 109.30x
NII (times) 270.94x 4.59x
Big NII (times)
Small NII (times)
RII (times) 110.24x 12.78x
Employee (times)
Other (times)
Total (times) 144.44x 8.68x

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