Comparison between HRH Next IPO and Indifra IPO.
HRH Next IPO is a SME Fixed Price IPO proposed to list at NSE SME while Indifra IPO is a SME Fixed Price proposed to list at NSE SME.
| HRH Next IPO | Indifra 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. | Beeline Capital Advisors Pvt.Ltd. |
| Registrar | Cameo Corporate Services Ltd. | Kfin Technologies Ltd. |
| Market Maker | Nikunj Stock Brokers Ltd. | Spread X Securities 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 Indifra IPO is up to ₹13.34 Cr. The final issue price of HRH Next IPO is ₹36.00 per share and of Indifra IPO is ₹65.00 per share.
| HRH Next IPO | Indifra IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹36.00 per share | ₹65.00 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 | 20,52,000 shares |
| Fresh Issue Size (Amount) | up to ₹9.08 Cr | up to ₹13.34 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 | 25,23,000 shares | 20,52,000 shares |
| Issue Size Total (Amount) | up to ₹9.08 Cr | up to ₹13.34 Cr |
HRH Next IPO opens on Dec 27, 2023, while Indifra IPO opens on Dec 21, 2023. The closing date of HRH Next IPO and Indifra IPO is Dec 29, 2023, and Dec 26, 2023, respectively.
| HRH Next IPO | Indifra IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Dec 27, 2023 | Dec 21, 2023 |
| Issue Close | Dec 29, 2023 | Dec 26, 2023 |
| Basis Of Allotment (Tentative) | Jan 01, 2024 | Dec 27, 2023 |
| Initiation of Refunds (Tentative) | Jan 02, 2024 | Dec 28, 2023 |
| Credit of Share (Tentative) | Jan 02, 2024 | Dec 28, 2023 |
| Listing date (Tentative) | Jan 03, 2024 | Dec 29, 2023 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
HRH Next IPO P/E ratio is 6.78, as compared to Indifra IPO P/E ratio of 11.23.
| HRH Next IPO | Indifra 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.
| Indifra Limited Financial Information (Restated)Indifra Limited's revenue decreased by -8.3% and profit after tax (PAT) rose by 148.07% between the financial year ending with March 31, 2023 and March 31, 2022.
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| Promoter Shareholding (Pre-Issue) | 97.88 | 96 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 69.61 | 67.55 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 6.78 | 11.23 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹33.14 Cr. | ₹47.39 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 39.94% | 82.45% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 6.80% | 86.21% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹5.31 | ₹5.79 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 33.29% | 82.45% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the HRH Next IPO Retail Individual Investors (RII) are offered 12,63,000 shares while in Indifra IPO retail investors are offered 12,63,000 shares. Qualified Institutional Buyers (QIB) are offered in HRH Next IPO and in Indifra IPO.
| HRH Next IPO | Indifra IPO | |
|---|---|---|
| Anchor Investor Reserveration | ||
| Market Maker Reserveration | 1,35,000 shares | 1,08,000 shares |
| QIB | ||
| NII | 12,60,000 shares | 10,26,000 shares |
| RII | 12,63,000 shares | 10,26,000 shares |
| Employee | ||
| Others | ||
| Total | 25,23,000 shares | 20,52,000 shares |
HRH Next IPO subscribed 66.29x in total, whereas Indifra IPO subscribed 7.21x.
| HRH Next IPO | Indifra IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 66.91x | 2.34x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 63.61x | 12.07x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 66.29x | 7.21x |
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