Comparison between HRH Next IPO and IBL Finance IPO.
HRH Next IPO is a SME Fixed Price IPO proposed to list at NSE SME while IBL Finance IPO is a SME Fixed Price proposed to list at NSE SME.
| HRH Next IPO | IBL Finance IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Finshore Management Services Ltd. | Fedex Securities Pvt.Ltd. |
| Registrar | Cameo Corporate Services Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Nikunj Stock Brokers Ltd. | Market-Hub Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of HRH Next IPO is up to ₹9.08 Cr whereas the issue size of the IBL Finance IPO is up to ₹31.72 Cr. The final issue price of HRH Next IPO is ₹36.00 per share and of IBL Finance IPO is ₹51.00 per share.
| HRH Next IPO | IBL Finance IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹36.00 per share | ₹51.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 3000 shares | 2000 shares |
| Fresh Issue Size | 25,23,000 shares | 62,20,000 shares |
| Fresh Issue Size (Amount) | up to ₹9.08 Cr | up to ₹31.72 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 | 25,23,000 shares | 62,20,000 shares |
| Issue Size Total (Amount) | up to ₹9.08 Cr | up to ₹31.72 Cr |
HRH Next IPO opens on Dec 27, 2023, while IBL Finance IPO opens on Jan 09, 2024. The closing date of HRH Next IPO and IBL Finance IPO is Dec 29, 2023, and Jan 11, 2024, respectively.
| HRH Next IPO | IBL Finance IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Dec 27, 2023 | Jan 09, 2024 |
| Issue Close | Dec 29, 2023 | Jan 11, 2024 |
| Basis Of Allotment (Tentative) | Jan 01, 2024 | Jan 12, 2024 |
| Initiation of Refunds (Tentative) | Jan 02, 2024 | Jan 15, 2024 |
| Credit of Share (Tentative) | Jan 02, 2024 | Jan 15, 2024 |
| Listing date (Tentative) | Jan 03, 2024 | Jan 16, 2024 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
HRH Next IPO P/E ratio is 6.78, as compared to IBL Finance IPO P/E ratio of 48.08.
| HRH Next IPO | IBL Finance IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | HRH Next Services Limited Financial Information (Restated)HRH Next Services Limited's revenue increased by 15.73% and profit after tax (PAT) rose by 273.85% between the financial year ending with March 31, 2023 and March 31, 2022.
| IBL Finance Limited Financial Information (Restated)IBL Finance Limited's revenue increased by 307.59% and profit after tax (PAT) rose by 351.28% between the financial year ending with March 31, 2023 and March 31, 2022.
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| Promoter Shareholding (Pre-Issue) | 97.88 | 85.55 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 69.61 | 62.89 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 6.78 | 48.08 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹33.14 Cr. | ₹126.13 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 39.94% | 9.41% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 6.80% | 18.88% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.12 | 0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹5.31 | ₹1.06 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 33.29% | 9.41% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the HRH Next IPO Retail Individual Investors (RII) are offered 12,63,000 shares while in IBL Finance IPO retail investors are offered 12,63,000 shares. Qualified Institutional Buyers (QIB) are offered in HRH Next IPO and in IBL Finance IPO.
| HRH Next IPO | IBL Finance IPO | |
|---|---|---|
| Anchor Investor Reserveration | ||
| Market Maker Reserveration | 1,35,000 shares | 3,30,000 shares |
| QIB | ||
| NII | 12,60,000 shares | 31,10,000 shares |
| RII | 12,63,000 shares | 31,10,000 shares |
| Employee | ||
| Others | ||
| Total | 25,23,000 shares | 62,20,000 shares |
HRH Next IPO subscribed 66.29x in total, whereas IBL Finance IPO subscribed 17.00x.
| HRH Next IPO | IBL Finance IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 66.91x | 9.94x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 63.61x | 24.03x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 66.29x | 17.00x |
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