Balaji Speciality Chemicals IPO vs SBFC Finance IPO

Comparision between Balaji Speciality Chemicals IPO and SBFC Finance IPO.

IPO Details

Balaji Speciality Chemicals IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while SBFC Finance IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Balaji Speciality Chemicals IPO	SBFC Finance IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Hdfc Bank Limited Jm Financial Limited	ICICI Securities Limited Axis Capital Limited Kotak Mahindra Capital Company Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP		RHP
Anchor Investor		Anchor Investor
IPO Allotment URL		IPO Allotment URL

Issue Size and Price

The total issue size of Balaji Speciality Chemicals IPO is whereas the issue size of the SBFC Finance IPO is up to ₹1,025.00 Cr. The final issue price of Balaji Speciality Chemicals IPO is and of SBFC Finance IPO is ₹57.00 per share.

	Balaji Speciality Chemicals IPO	SBFC Finance IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)		₹54.00 per share
Issue Price (Upper)		₹57.00 per share
Issue Price (Final)		₹57.00 per share
Discount (Retail)
Discount (Employee)		₹2.00 per share
Market Lot Size		260 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹250.00 Cr	up to ₹600.00 Cr
OFS Issue Size	2,60,00,000 shares
OFS Issue Size (Amount)		up to ₹425.00 Cr
Issue Size Total
Issue Size Total (Amount)		up to ₹1,025.00 Cr

IPO Timetable

Balaji Speciality Chemicals IPO opens on , while SBFC Finance IPO opens on Aug 03, 2023. The closing date of Balaji Speciality Chemicals IPO and SBFC Finance IPO is , and Aug 07, 2023, respectively.

	Balaji Speciality Chemicals IPO	SBFC Finance IPO
Anchor Bid Date		Aug 02, 2023
Issue Open		Aug 03, 2023
Issue Close		Aug 07, 2023
Basis Of Allotment (Tentative)		Aug 10, 2023
Initiation of Refunds (Tentative)		Aug 11, 2023
Credit of Share (Tentative)		Aug 14, 2023
Listing date (Tentative)		Aug 16, 2023
Anchor Lockin End date 1		Sep 09, 2023
Anchor Lockin End date 2		Nov 08, 2023

Financials

Balaji Speciality Chemicals IPO P/E ratio is , as compared to SBFC Finance IPO P/E ratio of 40.42.

Balaji Speciality Chemicals IPO

SBFC Finance IPO

Financial

Balaji Speciality Chemicals IPO Financial Information (Restated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	304.24	303.04	401.61	480.98
Revenue	54.12	175.88	516.04	798.74
Profit After Tax	-15.87	10.40	108.95	178.14
Net Worth	68.13	78.53	187.48	365.55
Reserves and Surplus	28.13	38.53	147.48	325.55
Total Borrowing	203.55	204.41	166.64

Amount in ₹ Crore

SBFC Finance IPO Financial Information (Restated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	4,207.99	4,231.19	4,515.03	5,746.44
Revenue	444.85	511.53	530.70	740.36
Profit After Tax	35.50	85.01	64.52	149.74
Net Worth	752.09	944.72	1,026.78	1,466.88
Reserves and Surplus
Total Borrowing	3,056.38	2,772.55	2,948.82	3,745.83

Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

97.98%

78.83%

Promoter Shareholding (Post-Issue)

64.03%

P/E Ratio

40.42

Market Cap

₹6065.78 Cr.

ROE

9.93%%

ROCE

Debt/Equity

2.2

EPS

₹1.25

RoNW

7.97%%

Shares Offered

In the Balaji Speciality Chemicals IPO retail investors (RII) are offered while in SBFC Finance IPO retail investors are offered . Qualified institutional buyers (QIB) are offered in Balaji Speciality Chemicals IPO and 3,56,05,261 shares in SBFC Finance IPO.

	Balaji Speciality Chemicals IPO	SBFC Finance IPO
Anchor Investor Reserveration		5,34,07,893 shares
Market Maker Reserveration
QIB		3,56,05,261 shares
NII		2,67,03,948 shares
RII		6,23,09,210 shares
Employee		18,63,636 shares
Others
Total		12,64,82,055 shares

Bids Received (Subscription)

Balaji Speciality Chemicals IPO subscribed in total, whereas SBFC Finance IPO subscribed 74.06x.

	Balaji Speciality Chemicals IPO	SBFC Finance IPO
QIB (times)		203.61x
NII (times)		51.82x
Big NII (times)		56.69x
Small NII (times)		42.07x
RII (times)		11.60x
Employee (times)		6.21x
Other (times)
Total (times)		74.06x

Compare with others

Balaji Speciality Chemicals IPO	SBFC Finance IPO
Ratnaveer Precision Engineering IPO	Pyramid Technoplast IPO
Vishnu Prakash R Punglia IPO	India Shelter Finance IPO
Aeroflex Industries IPO	Balaji Speciality Chemicals IPO
Pyramid Technoplast IPO	TVS Supply Chain Solutions IPO
India Shelter Finance IPO	Concord Biotech IPO
TVS Supply Chain Solutions IPO	Yatharth Hospital IPO
Concord Biotech IPO	Netweb Technologies India IPO
SBFC Finance IPO	Utkarsh Small Finance Bank IPO
Yatharth Hospital IPO	Senco Gold IPO
Netweb Technologies India IPO	Cyient DLM IPO

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