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.
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.
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 IPO | IBL Finance IPO |
|---|
| 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 |
Financials & KPIs
HRH Next IPO P/E ratio is 6.78, as compared to IBL Finance IPO P/E ratio of 48.08.
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 IPO | IBL Finance IPO |
|---|
| Market Maker Reservation | 1,35,000 shares | 3,30,000 shares |
| NII | 12,60,000 shares | 31,10,000 shares |
| RII | 12,63,000 shares | 31,10,000 shares |
| Total | 25,23,000 shares | 62,20,000 shares |
Bids Received (Subscription)
HRH Next IPO subscribed 65.26x in total, whereas IBL Finance IPO subscribed 16.99x.
