ProStocks Logo
Unlimited Trades ₹899 Monthly
www.ProStocks.com
Contact us

Akanksha Power IPO vs HRH Next IPO

Comparison between Akanksha Power IPO and HRH Next IPO.

IPO Details

Akanksha Power IPO is a SME Fixed Price IPO proposed to list at NSE SME while HRH Next IPO is a SME Fixed Price proposed to list at NSE SME.

 Akanksha Power IPOHRH Next IPO
LogoAkanksha Power IPO LogoHRH Next IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersNarnolia Financial Services Ltd.Finshore Management Services Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerNikunj Stock Brokers Ltd.Nikunj Stock Brokers 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 Akanksha Power IPO is up to ₹26.06 Cr whereas the issue size of the HRH Next IPO is up to ₹9.08 Cr. The final issue price of Akanksha Power IPO is ₹55.00 per share and of HRH Next IPO is ₹36.00 per share.

 Akanksha Power IPOHRH Next IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹52.00 per share
Issue Price (Upper)₹55.00 per share
Issue Price (Final)₹55.00 per share₹36.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares3000 shares
Fresh Issue Size47,38,000 shares25,23,000 shares
Fresh Issue Size (Amount)up to ₹26.06 Crup to ₹9.08 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total47,38,000 shares25,23,000 shares
Issue Size Total (Amount)up to ₹26.06 Crup to ₹9.08 Cr

IPO Timetable

Akanksha Power IPO opens on Dec 27, 2023, while HRH Next IPO opens on Dec 27, 2023. The closing date of Akanksha Power IPO and HRH Next IPO is Dec 29, 2023, and Dec 29, 2023, respectively.

 Akanksha Power IPOHRH Next IPO
Anchor Bid DateDec 26, 2023
Issue OpenDec 27, 2023Dec 27, 2023
Issue CloseDec 29, 2023Dec 29, 2023
Basis Of Allotment (Tentative)Jan 01, 2024Jan 01, 2024
Initiation of Refunds (Tentative)Jan 02, 2024Jan 02, 2024
Credit of Share (Tentative)Jan 02, 2024Jan 02, 2024
Listing date (Tentative)Jan 03, 2024Jan 03, 2024
Anchor Lockin End date 1Jan 31, 2024
Anchor Lockin End date 2Mar 31, 2024

Financials & KPIs

Akanksha Power IPO P/E ratio is 24.02, as compared to HRH Next IPO P/E ratio of 6.78.

 Akanksha Power IPOHRH Next IPO
Financials

Company Financials (Restated)

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets55.3147.6338.3937.81
Total Income10.2746.4452.0774.41
Profit After Tax0.712.912.413.92
NET Worth20.7515.9613.0510.65
Reserves and Surplus7.2314.1411.248.83
Total Borrowing17.2315.2810.558.91
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets31.1428.8218.6512.98
Total Income21.5351.2544.2824.24
Profit After Tax1.513.480.930.25
NET Worth13.2110.456.976.04
Reserves and Surplus6.6610.256.775.84
Total Borrowing10.849.914.434.02
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)83.2897.88
Promoter Shareholding (Post-Issue)60.8169.61
P/E Ratio24.026.78
Market Cap₹101.85 Cr.₹33.14 Cr.
ROE18.20%39.94%
ROCE22.75%46.57
Debt/Equity0.960.12
EPS₹2.29₹5.31
RoNW18.20%33.29%

Shares Offered

In the Akanksha Power IPO Retail Individual Investors (RII) are offered 16,60,000 shares while in HRH Next IPO retail investors are offered 16,60,000 shares. Qualified Institutional Buyers (QIB) are offered 9,48,000 shares in Akanksha Power IPO and in HRH Next IPO.

 Akanksha Power IPOHRH Next IPO
Anchor Investor Reservation14,18,000 shares
Market Maker Reservation2,60,000 shares1,35,000 shares
QIB9,48,000 shares
NII7,12,000 shares12,60,000 shares
RII16,60,000 shares12,63,000 shares
Employee
Others
Total47,38,000 shares25,23,000 shares

Bids Received (Subscription)

Akanksha Power IPO subscribed 117.39x in total, whereas HRH Next IPO subscribed 66.29x.

 Akanksha Power IPOHRH Next IPO
QIB (times)38.51x
NII (times)238.60x66.91x
Big NII (times)
Small NII (times)
RII (times)110.44x63.61x
Employee (times)
Other (times)
Total (times)117.39x66.29x

Compare with others

Akanksha Power IPOHRH Next IPO
Australian Premium Solar IPOAddictive Learning Technology IPO
Addictive Learning Technology IPOIBL Finance IPO
IBL Finance IPONew Swan Multitech IPO
New Swan Multitech IPOKaushalya Logistics IPO
Kaushalya Logistics IPOAkanksha Power IPO
HRH Next IPOManoj Ceramic IPO
Manoj Ceramic IPOKay Cee Energy IPO
Kay Cee Energy IPOShri Balaji Valve Components IPO
Shri Balaji Valve Components IPOAIK Pipes IPO
AIK Pipes IPOIndifra IPO

Compare:

Akanksha Power IPO Vs HRH Next IPO