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DelaPlex IPO vs Harshdeep Hortico IPO

Comparison between DelaPlex IPO and Harshdeep Hortico IPO.

IPO Details

DelaPlex 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.

 DelaPlex IPOHarshdeep Hortico IPO
LogoDelaPlex IPO LogoHarshdeep Hortico IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMEBSE SME
Lead ManagersShreni Shares Ltd.Hem Securities Ltd.
RegistrarBigshare Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerShreni Shares Ltd.Hem Finlease Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of DelaPlex IPO is up to ₹43.73 Cr whereas the issue size of the Harshdeep Hortico IPO is up to ₹18.12 Cr. The final issue price of DelaPlex IPO is ₹192.00 per share and of Harshdeep Hortico IPO is ₹45.00 per share.

 DelaPlex IPOHarshdeep Hortico IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹186.00 per share₹42.00 per share
Issue Price (Upper)₹192.00 per share₹45.00 per share
Issue Price (Final)₹192.00 per share₹45.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size600 shares3000 shares
Fresh Issue Size16,77,600 shares40,26,000 shares
Fresh Issue Size (Amount)up to ₹32.21 Crup to ₹18.12 Cr
OFS Issue Size6,00,000 shares0 shares
OFS Issue Size (Amount)up to ₹11.52 Crup to ₹0.00 Cr
Issue Size Total22,77,600 shares40,26,000 shares
Issue Size Total (Amount)up to ₹43.73 Crup to ₹18.12 Cr

IPO Timetable

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

 DelaPlex 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)Jan 31, 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

DelaPlex IPO P/E ratio is 17.75, as compared to Harshdeep Hortico IPO P/E ratio of 0.

 DelaPlex IPOHarshdeep Hortico IPO
Financials

DelaPlex Limited Financial Information (Restated)

DelaPlex Limited's revenue increased by 9.69% and profit after tax (PAT) rose by 29.23% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets3,185.452,638.331,790.901,100.77
Total Income2,814.285,521.815,034.063,633.30
Profit After Tax425.53790.72611.87404.00
Net Worth2,775.582,350.051,559.32947.45
Reserves and Surplus2,774.582,349.051,558.32946.45
Amount in ₹ Lakhs

Harshdeep Hortico Limited Financial Information (Restated)

Period Ended31 Jul 202331 Mar 2023
Assets3,059.494.89
Total Income1,482.84
Profit After Tax177.24-0.27
Net Worth1,325.824.73
Reserves and Surplus1,318.85-0.27
Total Borrowing636.82
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)10097.38
Promoter Shareholding (Post-Issue)73.6671.72
P/E Ratio17.750
Market Cap₹174.91 Cr.₹72.42 Cr.
ROE40.45%
ROCE56.73%
Debt/Equity
EPS₹10.82₹0.00
RoNW56.73%

Shares Offered

In the DelaPlex IPO Retail Individual Investors (RII) are offered 7,97,400 shares while in Harshdeep Hortico IPO retail investors are offered 7,97,400 shares. Qualified Institutional Buyers (QIB) are offered 4,55,400 shares in DelaPlex IPO and 8,04,000 shares in Harshdeep Hortico IPO.

 DelaPlex IPOHarshdeep Hortico IPO
Anchor Investor Reserveration6,82,800 shares12,06,000 shares
Market Maker Reserveration1,22,400 shares2,16,000 shares
QIB4,55,400 shares8,04,000 shares
NII3,42,000 shares6,06,000 shares
RII7,97,400 shares14,10,000 shares
Employee
Others
Total22,77,600 shares40,26,000 shares

Bids Received (Subscription)

DelaPlex IPO subscribed 177.80x in total, whereas Harshdeep Hortico IPO subscribed 131.69x.

 DelaPlex IPOHarshdeep Hortico IPO
QIB (times)90.91x213.53x
NII (times)335.23x181.95x
Big NII (times)
Small NII (times)
RII (times)159.91x98.25x
Employee (times)
Other (times)
Total (times)177.80x131.69x