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AIK Pipes IPO vs HRH Next IPO

Comparison between AIK Pipes IPO and HRH Next IPO.

IPO Details

AIK Pipes IPO is a SME Fixed Price IPO proposed to list at BSE SME while HRH Next IPO is a SME Fixed Price proposed to list at NSE SME.

 AIK Pipes IPOHRH Next IPO
LogoAIK Pipes IPO LogoHRH Next IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersShreni Shares Ltd.Finshore Management Services Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerShreni Shares Ltd.Nikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of AIK Pipes IPO is up to ₹14.27 Cr whereas the issue size of the HRH Next IPO is up to ₹9.08 Cr. The final issue price of AIK Pipes IPO is ₹89.00 per share and of HRH Next IPO is ₹36.00 per share.

 AIK Pipes IPOHRH Next IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹89.00 per share₹36.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares3000 shares
Fresh Issue Size16,03,200 shares25,23,000 shares
Fresh Issue Size (Amount)up to ₹14.27 Crup to ₹9.08 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total16,03,200 shares25,23,000 shares
Issue Size Total (Amount)up to ₹14.27 Crup to ₹9.08 Cr

IPO Timetable

AIK Pipes IPO opens on Dec 26, 2023, while HRH Next IPO opens on Dec 27, 2023. The closing date of AIK Pipes IPO and HRH Next IPO is Dec 28, 2023, and Dec 29, 2023, respectively.

 AIK Pipes IPOHRH Next IPO
Anchor Bid Date
Issue OpenDec 26, 2023Dec 27, 2023
Issue CloseDec 28, 2023Dec 29, 2023
Basis Of Allotment (Tentative)Dec 29, 2023Jan 01, 2024
Initiation of Refunds (Tentative)Jan 01, 2024Jan 02, 2024
Credit of Share (Tentative)Jan 01, 2024Jan 02, 2024
Listing date (Tentative)Jan 02, 2024Jan 03, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

AIK Pipes IPO P/E ratio is 21.54, as compared to HRH Next IPO P/E ratio of 6.78.

 AIK Pipes IPOHRH Next IPO
Financials

Company Financials (Restated)

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets16.3914.519.687.40
Total Income14.0030.7820.9110.21
Profit After Tax1.021.880.880.27
NET Worth6.625.612.030.85
Reserves and Surplus1.954.331.330.45
Total Borrowing4.305.384.323.83
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets31.1428.8218.6512.98
Total Income21.5351.2544.2824.24
Profit After Tax1.513.480.930.25
NET Worth13.2110.456.976.04
Reserves and Surplus6.6610.256.775.84
Total Borrowing10.849.914.434.02
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)10097.88
Promoter Shareholding (Post-Issue)73.4769.61
P/E Ratio21.546.78
Market Cap₹56.63 Cr.₹33.14 Cr.
ROE49.19%39.94%
ROCE17.90%46.57
Debt/Equity0.960.12
EPS₹4.13₹5.31
RoNW33.5033.29%

Shares Offered

In the AIK Pipes IPO Retail Individual Investors (RII) are offered 8,01,600 shares while in HRH Next IPO retail investors are offered 8,01,600 shares. Qualified Institutional Buyers (QIB) are offered in AIK Pipes IPO and in HRH Next IPO.

 AIK Pipes IPOHRH Next IPO
Anchor Investor Reservation
Market Maker Reservation84,800 shares1,35,000 shares
QIB
NII8,01,600 shares12,60,000 shares
RII8,01,600 shares12,63,000 shares
Employee
Others
Total16,03,200 shares25,23,000 shares

Bids Received (Subscription)

AIK Pipes IPO subscribed 43.57x in total, whereas HRH Next IPO subscribed 66.29x.

 AIK Pipes IPOHRH Next IPO
QIB (times)
NII (times)52.17x66.91x
Big NII (times)
Small NII (times)
RII (times)30.93x63.61x
Employee (times)
Other (times)
Total (times)43.57x66.29x

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AIK Pipes IPO Vs HRH Next IPO