EPW India IPO vs Helloji Holidays IPO

Comparison between EPW India IPO and Helloji Holidays IPO.

IPO Details

EPW India IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Helloji Holidays IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of EPW India IPO is up to ₹30.22 Cr whereas the issue size of the Helloji Holidays IPO is up to ₹10.41 Cr. The final issue price of EPW India IPO is ₹97.00 per share and of Helloji Holidays IPO is ₹118.00 per share.

 EPW India IPOHelloji Holidays IPO
Face Value₹5 per share₹10 per share
Issue Price (Lower)₹95.00 per share₹110.00 per share
Issue Price (Upper)₹97.00 per share₹118.00 per share
Issue Price (Final)₹97.00 per share₹118.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1200 shares1200 shares
Fresh Issue Size31,15,200 shares8,82,000 shares
Fresh Issue Size (Amount)up to ₹30.22 Crup to ₹10.41 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total31,15,200 shares8,82,000 shares
Issue Size Total (Amount)up to ₹30.22 Crup to ₹10.41 Cr

IPO Timetable

EPW India IPO opens on Dec 22, 2025, while Helloji Holidays IPO opens on Dec 02, 2025. The closing date of EPW India IPO and Helloji Holidays IPO is Dec 24, 2025, and Dec 04, 2025, respectively.

 EPW India IPOHelloji Holidays IPO
Anchor Bid DateDec 19, 2025Dec 01, 2025
Issue OpenDec 22, 2025Dec 02, 2025
Issue CloseDec 24, 2025Dec 04, 2025
Basis Of Allotment (Tentative)Dec 26, 2025Dec 05, 2025
Initiation of Refunds (Tentative)Dec 29, 2025Dec 08, 2025
Credit of Share (Tentative)Dec 29, 2025Dec 08, 2025
Listing date (Tentative)Dec 30, 2025Dec 09, 2025
Anchor Lockin End date 1Jan 24, 2026Jan 06, 2026
Anchor Lockin End date 2Mar 25, 2026Mar 07, 2026

Financials & KPIs

EPW India IPO P/E ratio is 18.36, as compared to Helloji Holidays IPO P/E ratio of 14.07.

 EPW India IPOHelloji Holidays IPO
Financials

Company Financials (Restated Consolidated)

EPW India Ltd.'s revenue increased by 188% and profit after tax (PAT) rose by 485% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets42.4926.558.106.25
Total Income44.0453.3418.556.66
Profit After Tax4.024.330.740.06
EBITDA6.376.211.030.11
NET Worth9.235.280.950.21
Reserves and Surplus5.135.180.850.11
Total Borrowing16.9612.250.230.58
Amount in ₹ Crore

Company Financials (Restated Standalone)

Helloji Holidays Ltd.'s revenue increased by 8% and profit after tax (PAT) rose by 16% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets8.828.244.842.81
Total Income12.7428.1825.9717.18
Profit After Tax0.912.101.800.20
EBITDA1.162.832.630.40
NET Worth7.166.262.000.20
Reserves and Surplus4.663.761.840.04
Total Borrowing0.040.570.93
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)10096
Promoter Shareholding (Post-Issue)71.4370
P/E Ratio18.3614.07
Market Cap₹111.35 Cr.₹40.46 Cr.
ROE139.1750.78
ROCE35.0344.38
Debt/Equity2.320.01
EPS₹5.28₹8.39
RoNW82.0633.51

Shares Offered

In the EPW India IPO Retail Individual Investors (RII) are offered 10,92,000 shares while in Helloji Holidays IPO retail investors are offered 10,92,000 shares. Qualified Institutional Buyers (QIB) are offered 6,22,800 shares in EPW India IPO and 1,75,200 shares in Helloji Holidays IPO.

 EPW India IPOHelloji Holidays IPO
Anchor Investor Reservation9,32,400 shares2,64,000 shares
Market Maker Reservation1,64,400 shares48,000 shares
QIB6,22,800 shares1,75,200 shares
NII4,68,000 shares1,33,200 shares
RII10,92,000 shares3,08,400 shares
Employee0 shares0 shares
Others
Total31,15,200 shares8,80,800 shares

Bids Received (Subscription)

EPW India IPO subscribed 1.32x in total, whereas Helloji Holidays IPO subscribed 30.16x.

 EPW India IPOHelloji Holidays IPO
QIB (times)1.17x34.40x
NII (times)1.53x41.60x
Big NII (times)0.98x50.86x
Small NII (times)2.63x23.08x
RII (times)1.31x22.80x
Employee (times)
Other (times)
Total (times)1.32x30.16x

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