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Birdy's IPO vs Ramdevbaba Solvent IPO

Comparision between Birdy's IPO and Ramdevbaba Solvent IPO.

IPO Details

Birdy's IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Ramdevbaba Solvent IPO is a SME Book Built Issue proposed to list at NSE SME.

  Birdy's IPO Ramdevbaba Solvent IPO
Logo Birdy's IPO Logo Ramdevbaba Solvent IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Book Built Issue
Listing At NSE SME NSE SME
Lead Managers Inventure Merchant Banker Services Pvt Ltd Choice Capital Advisors Pvt Ltd
Registrar Bigshare Services Pvt Ltd Bigshare Services Pvt Ltd
Market Maker Rikhav Securities Limited Choice Equity Broking 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 Birdy's IPO is up to ₹16.47 Cr whereas the issue size of the Ramdevbaba Solvent IPO is up to ₹50.27 Cr. The final issue price of Birdy's IPO is ₹120.00 per share and of Ramdevbaba Solvent IPO is ₹85.00 per share.

  Birdy's IPO Ramdevbaba Solvent IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹80.00 per share
Issue Price (Upper) ₹85.00 per share
Issue Price (Final) ₹120.00 per share ₹85.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1200 shares 1600 shares
Fresh Issue Size 13,72,800 shares 59,13,600 shares
Fresh Issue Size (Amount) up to ₹16.47 Cr up to ₹50.27 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 13,72,800 shares 59,13,600 shares
Issue Size Total (Amount) up to ₹16.47 Cr up to ₹50.27 Cr

IPO Timetable

Birdy's IPO opens on Apr 15, 2024, while Ramdevbaba Solvent IPO opens on Apr 15, 2024. The closing date of Birdy's IPO and Ramdevbaba Solvent IPO is Apr 18, 2024, and Apr 18, 2024, respectively.

  Birdy's IPO Ramdevbaba Solvent IPO
Anchor Bid Date Apr 12, 2024
Issue Open Apr 15, 2024 Apr 15, 2024
Issue Close Apr 18, 2024 Apr 18, 2024
Basis Of Allotment (Tentative) Apr 19, 2024 Apr 19, 2024
Initiation of Refunds (Tentative) Apr 22, 2024 Apr 22, 2024
Credit of Share (Tentative) Apr 22, 2024 Apr 22, 2024
Listing date (Tentative) Apr 23, 2024 Apr 23, 2024
Anchor Lockin End date 1 May 19, 2024
Anchor Lockin End date 2 Jul 18, 2024

Financials

Birdy's IPO P/E ratio is 23.12, as compared to Ramdevbaba Solvent IPO P/E ratio of 10.6.

  Birdy's IPO Ramdevbaba Solvent IPO
Financial

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

Ramdevbaba Solvent Limited Financial Information (Restated)

Ramdevbaba Solvent Limited's revenue increased by 20.35% and profit after tax (PAT) rose by 97.25% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets20,341.2419,062.6113,134.8610,125.05
Revenue46,569.8170,433.4158,525.4642,717.32
Profit After Tax828.901,300.15659.15617.06
Net Worth6,857.154,783.253,483.102,823.95
Reserves and Surplus5,235.974,324.523,024.372,365.22
Total Borrowing9,998.789,922.636,485.674,474.16
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 49.75% 81.01%
Promoter Shareholding (Post-Issue) 36.64%
P/E Ratio 23.12 10.6
Market Cap ₹62.50 Cr. ₹188.07 Cr.
ROE
ROCE 10.76%%
Debt/Equity 1.5 1.46
EPS ₹5.19 ₹8.02
RoNW 12.46%% 14.24%%

Shares Offered

In the Birdy's IPO retail investors (RII) are offered 6,51,600 shares while in Ramdevbaba Solvent IPO retail investors are offered 6,51,600 shares. Qualified institutional buyers (QIB) are offered 0 shares in Birdy's IPO and 11,20,000 shares in Ramdevbaba Solvent IPO.

  Birdy's IPO Ramdevbaba Solvent IPO
Anchor Investor Reserveration 16,80,000 shares
Market Maker Reserveration 69,600 shares 3,13,600 shares
QIB 0 shares 11,20,000 shares
NII 6,51,600 shares 8,40,000 shares
RII 6,51,600 shares 19,60,000 shares
Employee 0 shares 0 shares
Others
Total 13,03,200 shares 39,20,000 shares

Bids Received (Subscription)

Birdy's IPO subscribed 8.68x in total, whereas Ramdevbaba Solvent IPO subscribed 126.21x.

  Birdy's IPO Ramdevbaba Solvent IPO
QIB (times) 65.95x
NII (times) 4.59x 314.46x
Big NII (times)
Small NII (times)
RII (times) 12.78x 79.96x
Employee (times)
Other (times)
Total (times) 8.68x 126.21x

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