Fonebox Retail IPO vs Harshdeep Hortico IPO

Comparison between Fonebox Retail IPO and Harshdeep Hortico IPO.

IPO Details

Fonebox Retail IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Harshdeep Hortico IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of Fonebox Retail IPO is up to ₹19.35 Cr whereas the issue size of the Harshdeep Hortico IPO is up to ₹18.12 Cr. The final issue price of Fonebox Retail IPO is ₹70.00 per share and of Harshdeep Hortico IPO is ₹45.00 per share.

 Fonebox Retail IPOHarshdeep Hortico IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹66.00 per share₹42.00 per share
Issue Price (Upper)₹70.00 per share₹45.00 per share
Issue Price (Final)₹70.00 per share₹45.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares3000 shares
Fresh Issue Size27,64,000 shares40,26,000 shares
Fresh Issue Size (Amount)up to ₹19.35 Crup to ₹18.12 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total27,64,000 shares40,26,000 shares
Issue Size Total (Amount)up to ₹19.35 Crup to ₹18.12 Cr

IPO Timetable

Fonebox Retail IPO opens on Jan 25, 2024, while Harshdeep Hortico IPO opens on Jan 29, 2024. The closing date of Fonebox Retail IPO and Harshdeep Hortico IPO is Jan 30, 2024, and Jan 31, 2024, respectively.

 Fonebox Retail IPOHarshdeep Hortico IPO
Anchor Bid DateJan 24, 2024Jan 25, 2024
Issue OpenJan 25, 2024Jan 29, 2024
Issue CloseJan 30, 2024Jan 31, 2024
Basis Of Allotment (Tentative)Jan 31, 2024Feb 01, 2024
Initiation of Refunds (Tentative)Feb 01, 2024Feb 02, 2024
Credit of Share (Tentative)Feb 01, 2024Feb 02, 2024
Listing date (Tentative)Feb 02, 2024Feb 05, 2024
Anchor Lockin End date 1Mar 01, 2024Mar 02, 2024
Anchor Lockin End date 2Apr 30, 2024May 01, 2024

Financials & KPIs

Fonebox Retail IPO P/E ratio is 32.18, as compared to Harshdeep Hortico IPO P/E ratio of 0.

 Fonebox Retail IPOHarshdeep Hortico IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets43.4238.6121.110.71
Total Income140.23196.2690.920.10
Profit After Tax1.551.600.13-0.02
NET Worth9.172.100.600.12
Reserves and Surplus1.901.700.10-0.02
Total Borrowing5.0710.585.84
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Jul 202331 Mar 2023
Assets30.590.05
Total Income14.83
Profit After Tax1.77-0.00
NET Worth13.260.05
Reserves and Surplus13.19-0.00
Total Borrowing6.37
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.0097.38
Promoter Shareholding (Post-Issue)71.6471.72
P/E Ratio32.180
Market Cap₹71.82 Cr.₹72.42 Cr.
ROE118.20%
ROCE34.55%
Debt/Equity5.03
EPS₹2.17₹0.00
RoNW76.15%

Shares Offered

In the Fonebox Retail IPO Retail Individual Investors (RII) are offered 9,70,000 shares while in Harshdeep Hortico IPO retail investors are offered 9,70,000 shares. Qualified Institutional Buyers (QIB) are offered 5,52,000 shares in Fonebox Retail IPO and 8,04,000 shares in Harshdeep Hortico IPO.

 Fonebox Retail IPOHarshdeep Hortico IPO
Anchor Investor Reservation8,26,000 shares12,06,000 shares
Market Maker Reservation1,46,000 shares2,16,000 shares
QIB5,52,000 shares8,04,000 shares
NII4,16,000 shares6,06,000 shares
RII9,70,000 shares14,10,000 shares
Employee
Others
Total27,64,000 shares40,26,000 shares

Bids Received (Subscription)

Fonebox Retail IPO subscribed 659.42x in total, whereas Harshdeep Hortico IPO subscribed 131.69x.

 Fonebox Retail IPOHarshdeep Hortico IPO
QIB (times)138.69x213.53x
NII (times)819.99x181.95x
Big NII (times)
Small NII (times)
RII (times)886.32x98.25x
Employee (times)
Other (times)
Total (times)659.42x131.69x

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