Comparison between Akanksha Power IPO and HRH Next IPO.
IPO Details
Akanksha Power IPO is a SME Fixed Price IPO proposed to list at NSE SME while HRH Next IPO is a SME Fixed Price proposed to list at NSE SME.
Issue Size and Price
The total issue size of Akanksha Power IPO is up to ₹26.06 Cr whereas the issue size of the HRH Next IPO is up to ₹9.08 Cr. The final issue price of Akanksha Power IPO is ₹55.00 per share and of HRH Next IPO is ₹36.00 per share.
IPO Timetable
Akanksha Power IPO opens on Dec 27, 2023, while HRH Next IPO opens on Dec 27, 2023. The closing date of Akanksha Power IPO and HRH Next IPO is Dec 29, 2023, and Dec 29, 2023, respectively.
| | Akanksha Power IPO | HRH Next 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 | |
| Anchor Lockin End date 2 | Mar 31, 2024 | |
Financials & KPIs
Akanksha Power IPO P/E ratio is 24.02, as compared to HRH Next IPO P/E ratio of 6.78.
Shares Offered
In the Akanksha Power IPO Retail Individual Investors (RII) are offered 16,60,000 shares while in HRH Next IPO retail investors are offered 16,60,000 shares. Qualified Institutional Buyers (QIB) are offered 9,48,000 shares in Akanksha Power IPO and in HRH Next IPO.
| | Akanksha Power IPO | HRH Next IPO |
|---|
| Anchor Investor Reservation | 14,18,000 shares | |
| Market Maker Reservation | 2,60,000 shares | 1,35,000 shares |
| QIB | 9,48,000 shares | |
| NII | 7,12,000 shares | 12,60,000 shares |
| RII | 16,60,000 shares | 12,63,000 shares |
| Employee | | |
| Others | | |
| Total | 47,38,000 shares | 25,23,000 shares |
Bids Received (Subscription)
Akanksha Power IPO subscribed 117.39x in total, whereas HRH Next IPO subscribed 66.29x.
