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HOAC Foods IPO vs Veritaas Advertising IPO

Comparison between HOAC Foods IPO and Veritaas Advertising IPO.

IPO Details

HOAC Foods IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Veritaas Advertising IPO is a SME Bookbuilding proposed to list at NSE SME.

 HOAC Foods IPOVeritaas Advertising IPO
LogoHOAC Foods IPO LogoVeritaas Advertising IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersGYR Capital Advisors Pvt.Ltd.Horizon Management Pvt.Ltd.
RegistrarKfin Technologies Ltd.MAS Services Ltd.
Market MakerGiriraj Stock Broking Pvt.Ltd.Horizon Financial Consultants Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of HOAC Foods IPO is up to ₹5.10 Cr whereas the issue size of the Veritaas Advertising IPO is up to ₹8.06 Cr. The final issue price of HOAC Foods IPO is ₹48.00 per share and of Veritaas Advertising IPO is ₹114.00 per share.

 HOAC Foods IPOVeritaas Advertising IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹109.00 per share
Issue Price (Upper)₹114.00 per share
Issue Price (Final)₹48.00 per share₹114.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares1200 shares
Fresh Issue Size10,62,000 shares7,06,800 shares
Fresh Issue Size (Amount)up to ₹5.10 Crup to ₹8.06 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total10,62,000 shares7,06,800 shares
Issue Size Total (Amount)up to ₹5.10 Crup to ₹8.06 Cr

IPO Timetable

HOAC Foods IPO opens on May 16, 2024, while Veritaas Advertising IPO opens on May 13, 2024. The closing date of HOAC Foods IPO and Veritaas Advertising IPO is May 21, 2024, and May 15, 2024, respectively.

 HOAC Foods IPOVeritaas Advertising IPO
Anchor Bid DateMay 10, 2024
Issue OpenMay 16, 2024May 13, 2024
Issue CloseMay 21, 2024May 15, 2024
Basis Of Allotment (Tentative)May 22, 2024May 16, 2024
Initiation of Refunds (Tentative)May 23, 2024May 17, 2024
Credit of Share (Tentative)May 23, 2024May 17, 2024
Listing date (Tentative)May 24, 2024May 21, 2024
Anchor Lockin End date 1Jun 15, 2024
Anchor Lockin End date 2Aug 14, 2024

Financials & KPIs

HOAC Foods IPO P/E ratio is 21.95, as compared to Veritaas Advertising IPO P/E ratio of 54.

 HOAC Foods IPOVeritaas Advertising IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets7.664.923.602.08
Total Income11.5512.1910.947.46
Profit After Tax0.750.590.270.13
NET Worth3.161.570.980.32
Reserves and Surplus0.471.350.760.22
Total Borrowing2.041.901.481.28
Amount in ₹ Crore

Company Financials (Restated)

Period Ended10 Feb 202431 Mar 202331 Mar 202231 Mar 2021
Assets9.275.312.691.52
Total Income7.877.873.392.34
Profit After Tax1.570.440.130.20
NET Worth3.540.900.460.25
Reserves and Surplus1.460.810.370.24
Total Borrowing2.281.340.75
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.9988.74
Promoter Shareholding (Post-Issue)69.9588.74
P/E Ratio21.9554
Market Cap₹18.45 Cr.₹32.18 Cr.
ROE23.60%44.24%
ROCE23.43%39.65%
Debt/Equity0.270.64
EPS₹2.19₹2.11
RoNW23.60%44.23%

Shares Offered

In the HOAC Foods IPO Retail Individual Investors (RII) are offered 5,34,000 shares while in Veritaas Advertising IPO retail investors are offered 5,34,000 shares. Qualified Institutional Buyers (QIB) are offered in HOAC Foods IPO and 1,77,600 shares in Veritaas Advertising IPO.

 HOAC Foods IPOVeritaas Advertising IPO
Anchor Investor Reservation1,74,000 shares
Market Maker Reservation93,000 shares37,200 shares
QIB1,77,600 shares
NII5,28,000 shares1,06,800 shares
RII5,34,000 shares2,48,400 shares
Employee
Others
Total10,62,000 shares7,06,800 shares

Bids Received (Subscription)

HOAC Foods IPO subscribed 2,013.64x in total, whereas Veritaas Advertising IPO subscribed 621.62x.

 HOAC Foods IPOVeritaas Advertising IPO
QIB (times)102.41x
NII (times)1,432.60x629.56x
Big NII (times)
Small NII (times)
RII (times)2,556.46x989.44x
Employee (times)
Other (times)
Total (times)2,013.64x621.62x

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HOAC Foods IPOVeritaas Advertising IPO
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Compare:

HOAC Foods IPO Vs Veritaas Advertising IPO