HRH Next IPO vs Indifra IPO

Comparison between HRH Next IPO and Indifra IPO.

IPO Details

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.

Issue Size and Price

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 IPOIndifra IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹36.00 per share₹65.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size3000 shares2000 shares
Fresh Issue Size25,23,000 shares20,52,000 shares
Fresh Issue Size (Amount)up to ₹9.08 Crup to ₹13.34 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total25,23,000 shares20,52,000 shares
Issue Size Total (Amount)up to ₹9.08 Crup to ₹13.34 Cr

IPO Timetable

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 IPOIndifra IPO
Issue OpenDec 27, 2023Dec 21, 2023
Issue CloseDec 29, 2023Dec 26, 2023
Basis Of Allotment (Tentative)Jan 01, 2024Dec 27, 2023
Initiation of Refunds (Tentative)Jan 02, 2024Dec 28, 2023
Credit of Share (Tentative)Jan 02, 2024Dec 28, 2023
Listing date (Tentative)Jan 03, 2024Dec 29, 2023

Financials & KPIs

HRH Next IPO P/E ratio is 6.78, as compared to Indifra IPO P/E ratio of 11.23.

 HRH Next IPOIndifra 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 Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets6.303.124.202.30
Total Income0.6410.0210.923.07
Profit After Tax0.040.990.400.11
NET Worth5.331.700.710.31
Reserves and Surplus0.201.690.700.30
Total Borrowing0.380.510.45
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)97.88%96%
Promoter Shareholding (Post-Issue)69.61%67.55%
P/E Ratio6.7811.23
Market Cap₹33.14 Cr.₹47.39 Cr.
ROE39.9482.45
ROCE46.5786.21
Debt/Equity0.12
EPS₹5.31₹5.79
RoNW33.2982.45

Shares Offered

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 IPOIndifra IPO
Market Maker Reservation1,35,000 shares1,08,000 shares
NII12,60,000 shares10,26,000 shares
RII12,63,000 shares10,26,000 shares
Total25,23,000 shares20,52,000 shares

Bids Received (Subscription)

HRH Next IPO subscribed 65.26x in total, whereas Indifra IPO subscribed 7.20x.

 HRH Next IPOIndifra IPO
NII (times)67.07x2.34x
RII (times)63.46x12.07x
Total (times)65.26x7.20x

Compare with others

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HRH Next IPO Vs Indifra IPO