Comparison between Akanksha Power IPO and HRH Next IPO.
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.
| Akanksha Power IPO | HRH Next IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Narnolia Financial Services Ltd. | Finshore Management Services Ltd. |
| Registrar | MUFG Intime India Pvt.Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | Nikunj Stock Brokers Ltd. | Nikunj Stock Brokers Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
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.
| Akanksha Power IPO | HRH Next IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹52.00 per share | |
| Issue Price (Upper) | ₹55.00 per share | |
| Issue Price (Final) | ₹55.00 per share | ₹36.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 3000 shares |
| Fresh Issue Size | 47,38,000 shares | 25,23,000 shares |
| Fresh Issue Size (Amount) | up to ₹26.06 Cr | up to ₹9.08 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 47,38,000 shares | 25,23,000 shares |
| Issue Size Total (Amount) | up to ₹26.06 Cr | up to ₹9.08 Cr |
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 |
Akanksha Power IPO P/E ratio is 24.02, as compared to HRH Next IPO P/E ratio of 6.78.
| Akanksha Power IPO | HRH Next IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Akanksha Power and Infrastructure Limited Financial Information (Restated)Akanksha Power and Infrastructure Limited's revenue decreased by -10.8% and profit after tax (PAT) rose by 20.58% between the financial year ending with March 31, 2023 and March 31, 2022.
| 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.
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| Promoter Shareholding (Pre-Issue) | 83.28 | 97.88 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 60.81 | 69.61 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 24.02 | 6.78 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹101.85 Cr. | ₹33.14 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 18.20% | 39.94% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 22.75% | 6.80% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.96 | 0.12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹2.29 | ₹5.31 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 18.20% | 33.29% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 Reserveration | 14,18,000 shares | |
| Market Maker Reserveration | 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 |
Akanksha Power IPO subscribed 117.39x in total, whereas HRH Next IPO subscribed 66.29x.
| Akanksha Power IPO | HRH Next IPO | |
|---|---|---|
| QIB (times) | 38.51x | |
| NII (times) | 238.60x | 66.91x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 110.44x | 63.61x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 117.39x | 66.29x |
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