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Harshdeep Hortico IPO vs Italian Edibles IPO

Comparison between Harshdeep Hortico IPO and Italian Edibles IPO.

IPO Details

Harshdeep Hortico IPO is a SME Fixed Price IPO proposed to list at BSE SME while Italian Edibles IPO is a SME Fixed Price proposed to list at NSE SME.

 Harshdeep Hortico IPOItalian Edibles IPO
LogoHarshdeep Hortico IPO LogoItalian Edibles IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtBSE SMENSE SME
Lead ManagersHem Securities Ltd.First Overseas Capital Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerHem Finlease Pvt.Ltd.Nikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Harshdeep Hortico IPO is up to ₹18.12 Cr whereas the issue size of the Italian Edibles IPO is up to ₹25.30 Cr. The final issue price of Harshdeep Hortico IPO is ₹45.00 per share and of Italian Edibles IPO is ₹68.00 per share.

 Harshdeep Hortico IPOItalian Edibles IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹42.00 per share
Issue Price (Upper)₹45.00 per share
Issue Price (Final)₹45.00 per share₹68.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares2000 shares
Fresh Issue Size40,26,000 shares37,20,000 shares
Fresh Issue Size (Amount)up to ₹18.12 Crup to ₹25.30 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total40,26,000 shares37,20,000 shares
Issue Size Total (Amount)up to ₹18.12 Crup to ₹25.30 Cr

IPO Timetable

Harshdeep Hortico IPO opens on Jan 29, 2024, while Italian Edibles IPO opens on Feb 02, 2024. The closing date of Harshdeep Hortico IPO and Italian Edibles IPO is Jan 31, 2024, and Feb 07, 2024, respectively.

 Harshdeep Hortico IPOItalian Edibles IPO
Anchor Bid DateJan 25, 2024
Issue OpenJan 29, 2024Feb 02, 2024
Issue CloseJan 31, 2024Feb 07, 2024
Basis Of Allotment (Tentative)Feb 01, 2024Feb 08, 2024
Initiation of Refunds (Tentative)Feb 02, 2024Feb 09, 2024
Credit of Share (Tentative)Feb 02, 2024Feb 09, 2024
Listing date (Tentative)Feb 05, 2024Feb 12, 2024
Anchor Lockin End date 1Mar 02, 2024
Anchor Lockin End date 2May 01, 2024

Financials & KPIs

Harshdeep Hortico IPO P/E ratio is 0, as compared to Italian Edibles IPO P/E ratio of 27.94.

 Harshdeep Hortico IPOItalian Edibles IPO
Financials

Harshdeep Hortico Limited Financial Information (Restated)

Period Ended31 Jul 202331 Mar 2023
Assets3,059.494.89
Total Income1,482.84
Profit After Tax177.24-0.27
Net Worth1,325.824.73
Reserves and Surplus1,318.85-0.27
Total Borrowing636.82
Amount in ₹ Lakhs

Italian Edibles Limited Financial Information (Restated)

Italian Edibles Limited's revenue decreased by -16.1% and profit after tax (PAT) rose by 229.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Aug 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,824.644,155.243,905.453,946.43
Total Income3,052.166,330.097,545.254,899.44
Profit After Tax209.68264.2180.2186.52
Net Worth1,287.921,078.24814.03583.82
Reserves and Surplus202.21906.82642.60433.82
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)97.38100.00
Promoter Shareholding (Post-Issue)71.7273.47
P/E Ratio027.94
Market Cap₹72.42 Cr.₹100.48 Cr.
ROE24.50%
ROCE19.32%
Debt/Equity1.60
EPS₹0.00₹2.43
RoNW24.50%

Shares Offered

In the Harshdeep Hortico IPO Retail Individual Investors (RII) are offered 14,10,000 shares while in Italian Edibles IPO retail investors are offered 14,10,000 shares. Qualified Institutional Buyers (QIB) are offered 8,04,000 shares in Harshdeep Hortico IPO and in Italian Edibles IPO.

 Harshdeep Hortico IPOItalian Edibles IPO
Anchor Investor Reserveration12,06,000 shares
Market Maker Reserveration2,16,000 shares2,00,000 shares
QIB8,04,000 shares
NII6,06,000 shares18,60,000 shares
RII14,10,000 shares18,60,000 shares
Employee
Others
Total40,26,000 shares37,20,000 shares

Bids Received (Subscription)

Harshdeep Hortico IPO subscribed 131.69x in total, whereas Italian Edibles IPO subscribed 154.43x.

 Harshdeep Hortico IPOItalian Edibles IPO
QIB (times)213.53x
NII (times)181.95x177.37x
Big NII (times)
Small NII (times)
RII (times)98.25x120.62x
Employee (times)
Other (times)
Total (times)131.69x154.43x