Comparison between HGI Automotives IPO and INDO SMC IPO.
HGI Automotives IPO is a SME Bookbuilding IPO proposed to list at BSE SME while INDO SMC IPO is a SME Bookbuilding proposed to list at BSE SME.
| HGI Automotives IPO | INDO SMC IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Nirbhay Capital Services Pvt.Ltd. | GYR Capital Advisors Pvt.Ltd. |
| Registrar | Kfin Technologies Ltd. | Kfin Technologies Ltd. |
| Market Maker | Giriraj Stock Broking Pvt.Ltd. | |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | ||
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL |
The total issue size of HGI Automotives IPO is up to ₹0.00 Cr whereas the issue size of the INDO SMC IPO is up to ₹87.34 Cr. The final issue price of HGI Automotives IPO is and of INDO SMC IPO is ₹149.00 per share.
| HGI Automotives IPO | INDO SMC IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹141.00 per share | |
| Issue Price (Upper) | ₹149.00 per share | |
| Issue Price (Final) | ₹149.00 per share | |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1000 shares | |
| Fresh Issue Size | 75,00,000 shares | 58,62,000 shares |
| Fresh Issue Size (Amount) | up to ₹0.00 Cr | up to ₹87.34 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 | 75,00,000 shares | 58,62,000 shares |
| Issue Size Total (Amount) | up to ₹0.00 Cr | up to ₹87.34 Cr |
HGI Automotives IPO opens on , while INDO SMC IPO opens on Jan 13, 2026. The closing date of HGI Automotives IPO and INDO SMC IPO is , and Jan 16, 2026, respectively.
| HGI Automotives IPO | INDO SMC IPO | |
|---|---|---|
| Anchor Bid Date | Jan 12, 2026 | |
| Issue Open | Jan 13, 2026 | |
| Issue Close | Jan 16, 2026 | |
| Basis Of Allotment (Tentative) | Jan 19, 2026 | |
| Initiation of Refunds (Tentative) | Jan 20, 2026 | |
| Credit of Share (Tentative) | Jan 20, 2026 | |
| Listing date (Tentative) | Jan 21, 2026 | |
| Anchor Lockin End date 1 | Feb 15, 2026 | |
| Anchor Lockin End date 2 | Apr 16, 2026 |
HGI Automotives IPO P/E ratio is , as compared to INDO SMC IPO P/E ratio of 16.1.
| HGI Automotives IPO | INDO SMC IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)HGI Automotives Ltd.'s revenue increased by 23% and profit after tax (PAT) rose by 135% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated Consolidated)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 99.93 | 82.30 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 60.07 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 16.1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹340.54 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 62.13 | 74.45 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 37.03 | 31.39 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 2.37 | 1.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹9.25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 48.31 | 43.27 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the HGI Automotives IPO Retail Individual Investors (RII) are offered 0 shares while in INDO SMC IPO retail investors are offered 0 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in HGI Automotives IPO and 11,72,000 shares in INDO SMC IPO.
| HGI Automotives IPO | INDO SMC IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 17,56,000 shares |
| Market Maker Reservation | 0 shares | 3,09,000 shares |
| QIB | 0 shares | 11,72,000 shares |
| NII | 0 shares | 8,82,000 shares |
| RII | 0 shares | 20,52,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 0 shares | 58,62,000 shares |
HGI Automotives IPO subscribed in total, whereas INDO SMC IPO subscribed 77.39x.
| HGI Automotives IPO | INDO SMC IPO | |
|---|---|---|
| QIB (times) | 94.94x | |
| NII (times) | 164.59x | |
| Big NII (times) | 193.37x | |
| Small NII (times) | 107.02x | |
| RII (times) | 96.13x | |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 77.39x |
