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HRH Next IPO vs IBL Finance IPO

Comparison between HRH Next IPO and IBL Finance IPO.

IPO Details

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 IPOIBL Finance IPO
LogoHRH Next IPO LogoIBL Finance IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMENSE SME
Lead ManagersFinshore Management Services Ltd.Fedex Securities Pvt.Ltd.
RegistrarCameo Corporate Services Ltd.Bigshare Services Pvt.Ltd.
Market MakerNikunj Stock Brokers Ltd.Market-Hub Stock Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

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 IPOIBL Finance IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹36.00 per share₹51.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size3000 shares2000 shares
Fresh Issue Size25,23,000 shares62,20,000 shares
Fresh Issue Size (Amount)up to ₹9.08 Crup to ₹31.72 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total25,23,000 shares62,20,000 shares
Issue Size Total (Amount)up to ₹9.08 Crup to ₹31.72 Cr

IPO Timetable

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 IPOIBL Finance IPO
Issue OpenDec 27, 2023Jan 09, 2024
Issue CloseDec 29, 2023Jan 11, 2024
Basis Of Allotment (Tentative)Jan 01, 2024Jan 12, 2024
Initiation of Refunds (Tentative)Jan 02, 2024Jan 15, 2024
Credit of Share (Tentative)Jan 02, 2024Jan 15, 2024
Listing date (Tentative)Jan 03, 2024Jan 16, 2024

Financials & KPIs

HRH Next IPO P/E ratio is 6.78, as compared to IBL Finance IPO P/E ratio of 48.08.

 HRH Next IPOIBL Finance IPO
Financials

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

Company Financials (Restated)

Period Ended31 Jul 202331 Mar 202331 Mar 202231 Mar 2021
Assets23.1822.1810.233.39
Total Income4.9313.333.271.13
Profit After Tax1.211.930.43-0.10
NET Worth21.6920.493.553.13
Reserves and Surplus3.5111.400.29-0.13
Total Borrowing0.080.096.41
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)97.88%85.55%
Promoter Shareholding (Post-Issue)69.61%62.89%
P/E Ratio6.7848.08
Market Cap₹33.14 Cr.₹126.13 Cr.
ROE39.949.41
ROCE46.5718.88
Debt/Equity0.120.00
EPS₹5.31₹1.06
RoNW33.299.41

Shares Offered

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 IPOIBL Finance IPO
Market Maker Reservation1,35,000 shares3,30,000 shares
NII12,60,000 shares31,10,000 shares
RII12,63,000 shares31,10,000 shares
Total25,23,000 shares62,20,000 shares

Bids Received (Subscription)

HRH Next IPO subscribed 65.26x in total, whereas IBL Finance IPO subscribed 16.99x.

 HRH Next IPOIBL Finance IPO
NII (times)67.07x9.95x
RII (times)63.46x24.03x
Total (times)65.26x16.99x

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Compare:

HRH Next IPO Vs IBL Finance IPO