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Balaji Valve Components IPO vs HRH Next Services IPO

Comparision between Balaji Valve Components IPO and HRH Next Services IPO.

IPO Details

Balaji Valve Components IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while HRH Next Services IPO is a SME Fixed Price Issue proposed to list at NSE SME.

  Balaji Valve Components IPO HRH Next Services IPO
Logo Balaji Valve Components IPO Logo HRH Next Services IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Fixed Price Issue
Listing At BSE SME NSE SME
Lead Managers Hem Securities Limited Finshore Management Services Limited
Registrar Bigshare Services Pvt Ltd Cameo Corporate Services Limited
Market Maker Hem Finlease Private Limited Nikunj Stock Brokers 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 Balaji Valve Components IPO is up to ₹21.60 Cr whereas the issue size of the HRH Next Services IPO is up to ₹9.57 Cr. The final issue price of Balaji Valve Components IPO is ₹100.00 per share and of HRH Next Services IPO is ₹36.00 per share.

  Balaji Valve Components IPO HRH Next Services IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹95.00 per share
Issue Price (Upper) ₹100.00 per share
Issue Price (Final) ₹100.00 per share ₹36.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1200 shares 3000 shares
Fresh Issue Size 21,60,000 shares 26,58,000 shares
Fresh Issue Size (Amount) up to ₹21.60 Cr up to ₹9.57 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 21,60,000 shares 26,58,000 shares
Issue Size Total (Amount) up to ₹21.60 Cr up to ₹9.57 Cr

IPO Timetable

Balaji Valve Components IPO opens on Dec 27, 2023, while HRH Next Services IPO opens on Dec 27, 2023. The closing date of Balaji Valve Components IPO and HRH Next Services IPO is Dec 29, 2023, and Dec 29, 2023, respectively.

  Balaji Valve Components IPO HRH Next Services IPO
Anchor Bid Date 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

Balaji Valve Components IPO P/E ratio is 9.33, as compared to HRH Next Services IPO P/E ratio of 6.78.

  Balaji Valve Components IPO HRH Next Services IPO
Financial

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

HRH Next Services Limited Financial Information (Restated)

HRH Next Services Limited's revenue increased by 15.73% and profit after tax (PAT) rose by 273.85% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets3,113.862,882.291,864.851,298.10
Revenue2,152.515,124.964,428.422,424.26
Profit After Tax150.84347.7993.0325.18
Net Worth1,320.711,044.79697.00603.97
Reserves and Surplus665.961,024.79677.00583.97
Total Borrowing1,083.77990.57442.58401.88
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100% 97.88%
Promoter Shareholding (Post-Issue) 73.53% 69.61%
P/E Ratio 9.33 6.78
Market Cap ₹81.60 Cr. ₹33.14 Cr.
ROE 136.76%% 39.94%%
ROCE 26.47%% 6.80%%
Debt/Equity 3.63 0.12
EPS ₹10.72 ₹5.31
RoNW 81.50%% 33.29%%

Shares Offered

In the Balaji Valve Components IPO retail investors (RII) are offered 7,16,400 shares while in HRH Next Services IPO retail investors are offered 7,16,400 shares. Qualified institutional buyers (QIB) are offered 4,09,200 shares in Balaji Valve Components IPO and 0 shares in HRH Next Services IPO.

  Balaji Valve Components IPO HRH Next Services IPO
Anchor Investor Reserveration 6,13,200 shares
Market Maker Reserveration 1,14,000 shares 1,35,000 shares
QIB 4,09,200 shares 0 shares
NII 3,07,200 shares 12,63,000 shares
RII 7,16,400 shares 12,60,000 shares
Employee 0 shares 0 shares
Others
Total 14,32,800 shares 25,23,000 shares

Bids Received (Subscription)

Balaji Valve Components IPO subscribed 276.44x in total, whereas HRH Next Services IPO subscribed 66.29x.

  Balaji Valve Components IPO HRH Next Services IPO
QIB (times) 70.04x
NII (times) 799.70x 66.91x
Big NII (times)
Small NII (times)
RII (times) 169.95x 63.61x
Employee (times)
Other (times)
Total (times) 276.44x 66.29x

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