Comparison between AIK Pipes IPO and HRH Next IPO.
AIK Pipes IPO is a SME Fixed Price IPO proposed to list at BSE SME while HRH Next IPO is a SME Fixed Price proposed to list at NSE SME.
| AIK Pipes IPO | HRH Next IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Shreni Shares Ltd. | Finshore Management Services Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | Shreni Shares Ltd. | Nikunj Stock Brokers Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of AIK Pipes IPO is up to ₹14.27 Cr whereas the issue size of the HRH Next IPO is up to ₹9.08 Cr. The final issue price of AIK Pipes IPO is ₹89.00 per share and of HRH Next IPO is ₹36.00 per share.
| AIK Pipes IPO | HRH Next IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹89.00 per share | ₹36.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 3000 shares |
| Fresh Issue Size | 16,03,200 shares | 25,23,000 shares |
| Fresh Issue Size (Amount) | up to ₹14.27 Cr | up to ₹9.08 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 | 16,03,200 shares | 25,23,000 shares |
| Issue Size Total (Amount) | up to ₹14.27 Cr | up to ₹9.08 Cr |
AIK Pipes IPO opens on Dec 26, 2023, while HRH Next IPO opens on Dec 27, 2023. The closing date of AIK Pipes IPO and HRH Next IPO is Dec 28, 2023, and Dec 29, 2023, respectively.
| AIK Pipes IPO | HRH Next IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Dec 26, 2023 | Dec 27, 2023 |
| Issue Close | Dec 28, 2023 | Dec 29, 2023 |
| Basis Of Allotment (Tentative) | Dec 29, 2023 | Jan 01, 2024 |
| Initiation of Refunds (Tentative) | Jan 01, 2024 | Jan 02, 2024 |
| Credit of Share (Tentative) | Jan 01, 2024 | Jan 02, 2024 |
| Listing date (Tentative) | Jan 02, 2024 | Jan 03, 2024 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
AIK Pipes IPO P/E ratio is 21.54, as compared to HRH Next IPO P/E ratio of 6.78.
| AIK Pipes IPO | HRH Next IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100 | 97.88 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.47 | 69.61 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 21.54 | 6.78 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹56.63 Cr. | ₹33.14 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 49.19% | 39.94% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 17.90% | 46.57 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.96 | 0.12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹4.13 | ₹5.31 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 33.50 | 33.29% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the AIK Pipes IPO Retail Individual Investors (RII) are offered 8,01,600 shares while in HRH Next IPO retail investors are offered 8,01,600 shares. Qualified Institutional Buyers (QIB) are offered in AIK Pipes IPO and in HRH Next IPO.
| AIK Pipes IPO | HRH Next IPO | |
|---|---|---|
| Anchor Investor Reservation | ||
| Market Maker Reservation | 84,800 shares | 1,35,000 shares |
| QIB | ||
| NII | 8,01,600 shares | 12,60,000 shares |
| RII | 8,01,600 shares | 12,63,000 shares |
| Employee | ||
| Others | ||
| Total | 16,03,200 shares | 25,23,000 shares |
AIK Pipes IPO subscribed 43.57x in total, whereas HRH Next IPO subscribed 66.29x.
| AIK Pipes IPO | HRH Next IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 52.17x | 66.91x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 30.93x | 63.61x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 43.57x | 66.29x |
