Bharat Highways InvIT vs JG Chemicals IPO

Comparision between Bharat Highways InvIT and JG Chemicals IPO.

IPO Details

Bharat Highways InvIT is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while JG Chemicals IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Bharat Highways InvIT	JG Chemicals IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	InvIT	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	ICICI Securities Limited Axis Bank Limited Hdfc Bank Limited Iifl Securities Ltd	Centrum Capital Limited Emkay Global Financial Services Ltd Keynote Financial Services Ltd
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
Market Maker
DRHP		DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Bharat Highways InvIT is up to ₹2,500.00 Cr whereas the issue size of the JG Chemicals IPO is up to ₹251.19 Cr. The final issue price of Bharat Highways InvIT is ₹100.00 per share and of JG Chemicals IPO is ₹221.00 per share.

	Bharat Highways InvIT	JG Chemicals IPO
Face Value		₹10 per share
Issue Price (Lower)	₹98.00 per share	₹210.00 per share
Issue Price (Upper)	₹100.00 per share	₹221.00 per share
Issue Price (Final)	₹100.00 per share	₹221.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	150 shares	67 shares
Fresh Issue Size	25,00,00,000 shares	74,66,063 shares
Fresh Issue Size (Amount)	up to ₹2,500.00 Cr	up to ₹165.00 Cr
OFS Issue Size		39,00,000 shares
OFS Issue Size (Amount)		up to ₹86.19 Cr
Issue Size Total	25,00,00,000 shares	1,13,66,063 shares
Issue Size Total (Amount)	up to ₹2,500.00 Cr	up to ₹251.19 Cr

IPO Timetable

Bharat Highways InvIT opens on Feb 28, 2024, while JG Chemicals IPO opens on Mar 05, 2024. The closing date of Bharat Highways InvIT and JG Chemicals IPO is Mar 01, 2024, and Mar 07, 2024, respectively.

	Bharat Highways InvIT	JG Chemicals IPO
Anchor Bid Date	Feb 27, 2024	Mar 04, 2024
Issue Open	Feb 28, 2024	Mar 05, 2024
Issue Close	Mar 01, 2024	Mar 07, 2024
Basis Of Allotment (Tentative)	Mar 06, 2024	Mar 11, 2024
Initiation of Refunds (Tentative)	Mar 07, 2024	Mar 12, 2024
Credit of Share (Tentative)	Mar 07, 2024	Mar 12, 2024
Listing date (Tentative)	Mar 12, 2024	Mar 13, 2024
Anchor Lockin End date 1	Apr 05, 2024	Apr 10, 2024
Anchor Lockin End date 2	Jun 04, 2024	Jun 09, 2024

Financials

Bharat Highways InvIT P/E ratio is , as compared to JG Chemicals IPO P/E ratio of 16.25.

Bharat Highways InvIT

JG Chemicals IPO

Financial

Bharat Highways Infrastructure Investment Trust Financial Information (Restated)

Bharat Highways Infrastructure Investment Trust's revenue decreased by -3.92% and profit after tax (PAT) rose by 738.34% 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	5,916.80	6,056.28	5,536.40	4,943.95
Revenue	388.54	1,537.47	1,600.18	2,170.39
Profit After Tax	101.35	527.05	62.87	149.45
Amount in ₹ Crore

JG Chemicals Limited Financial Information (Restated Consolidated)

JG Chemicals Limited's revenue increased by 27.47% and profit after tax (PAT) rose by 31.69% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	271.26	297.79	264.14	209.94
Revenue	491.10	794.19	623.05	440.41
Profit After Tax	18.51	56.79	43.13	28.80
Net Worth	217.86	199.89	147.66	108.48
Reserves and Surplus	193.22	175.67	151.23	107.17
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

P/E Ratio

16.25

Market Cap

₹866.01 Cr.

ROE

8.20%%

ROCE

11.86 %%

Debt/Equity

0.11

EPS

₹13.60

RoNW

8.16%%

Shares Offered

In the Bharat Highways InvIT retail investors (RII) are offered 0 shares while in JG Chemicals IPO retail investors are offered 0 shares. Qualified institutional buyers (QIB) are offered 5,61,88,800 shares in Bharat Highways InvIT and 22,73,214 shares in JG Chemicals IPO.

	Bharat Highways InvIT	JG Chemicals IPO
Anchor Investor Reserveration	8,25,97,350 shares	34,09,818 shares
Market Maker Reserveration
QIB	5,61,88,800 shares	22,73,214 shares
NII	0 shares	17,04,910 shares
RII	0 shares	39,78,122 shares
Employee	0 shares	0 shares
Others
Total	10,30,12,800 shares	79,56,246 shares

Bids Received (Subscription)

Bharat Highways InvIT subscribed 6.74x in total, whereas JG Chemicals IPO subscribed 28.52x.

	Bharat Highways InvIT	JG Chemicals IPO
QIB (times)	6.59x	32.33x
NII (times)		47.92x
Big NII (times)		50.26x
Small NII (times)		43.24x
RII (times)		18.03x
Employee (times)
Other (times)	6.93x
Total (times)	6.74x	28.52x

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