HRH Next IPO vs Kaushalya Logistics IPO

Comparison between HRH Next IPO and Kaushalya Logistics IPO.

IPO Details

HRH Next IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Kaushalya Logistics IPO is a SME Bookbuilding proposed to list at NSE SME.

	HRH Next IPO	Kaushalya Logistics IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Finshore Management Services Ltd.	Khandwala Securities Ltd.
Registrar	Cameo Corporate Services Ltd.	Skyline Financial Services Pvt.Ltd.
Market Maker	Nikunj Stock Brokers Ltd.	Nikunj Stock Brokers Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO 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 Kaushalya Logistics IPO is up to ₹34.76 Cr. The final issue price of HRH Next IPO is ₹36.00 per share and of Kaushalya Logistics IPO is ₹75.00 per share.

	HRH Next IPO	Kaushalya Logistics IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹71.00 per share
Issue Price (Upper)		₹75.00 per share
Issue Price (Final)	₹36.00 per share	₹75.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	3000 shares	1600 shares
Fresh Issue Size	25,23,000 shares	31,35,200 shares
Fresh Issue Size (Amount)	up to ₹9.08 Cr	up to ₹23.51 Cr
OFS Issue Size	0 shares	15,00,000 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹11.25 Cr
Issue Size Total	25,23,000 shares	46,35,200 shares
Issue Size Total (Amount)	up to ₹9.08 Cr	up to ₹34.76 Cr

IPO Timetable

HRH Next IPO opens on Dec 27, 2023, while Kaushalya Logistics IPO opens on Dec 29, 2023. The closing date of HRH Next IPO and Kaushalya Logistics IPO is Dec 29, 2023, and Jan 03, 2024, respectively.

	HRH Next IPO	Kaushalya Logistics IPO
Anchor Bid Date		Dec 28, 2023
Issue Open	Dec 27, 2023	Dec 29, 2023
Issue Close	Dec 29, 2023	Jan 03, 2024
Basis Of Allotment (Tentative)	Jan 01, 2024	Jan 04, 2024
Initiation of Refunds (Tentative)	Jan 02, 2024	Jan 05, 2024
Credit of Share (Tentative)	Jan 02, 2024	Jan 05, 2024
Listing date (Tentative)	Jan 03, 2024	Jan 08, 2024
Anchor Lockin End date 1		Feb 03, 2024
Anchor Lockin End date 2		Apr 03, 2024

Financials & KPIs

HRH Next IPO P/E ratio is 6.78, as compared to Kaushalya Logistics IPO P/E ratio of 0.16.

HRH Next IPO

Kaushalya Logistics 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.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	3,113.86	2,882.29	1,864.85	1,298.10
Total Income	2,152.51	5,124.96	4,428.42	2,424.26
Profit After Tax	150.84	347.79	93.03	25.18
Net Worth	1,320.71	1,044.79	697.00	603.97
Reserves and Surplus	665.96	1,024.79	677.00	583.97
Total Borrowing	1,083.77	990.57	442.58	401.88
Amount in ₹ Lakhs

Kaushalya Logistics Limited Financial Information (Restated Consolidated)

Kaushalya Logistics Limited's revenue increased by 894.14% and profit after tax (PAT) rose by 87.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	16,842.35	14,069.86	6,493.87	3,276.49
Total Income	57,053.16	63,216.41	6,358.92	3,328.40
Profit After Tax	214.65	705.87	376.61	299.69
Net Worth	2,148.29	1,933.64	1,226.62	849.60
Reserves and Surplus	2,133.29	1,918.64	1,211.62	834.60
Total Borrowing	5,488.50	3,213.34	2,476.88	1,070.36
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

97.88

99.99

Promoter Shareholding (Post-Issue)

69.61

72.98

P/E Ratio

6.78

0.16

Market Cap

₹33.14 Cr.

₹138.98 Cr.

ROE

39.94%

4713.49%

ROCE

6.80%

70.48%

Debt/Equity

0.12

EPS

₹5.31

₹470.58

RoNW

33.29%

36.50%

Shares Offered

In the HRH Next IPO Retail Individual Investors (RII) are offered 12,63,000 shares while in Kaushalya Logistics IPO retail investors are offered 12,63,000 shares. Qualified Institutional Buyers (QIB) are offered in HRH Next IPO and 9,82,400 shares in Kaushalya Logistics IPO.

	HRH Next IPO	Kaushalya Logistics IPO
Anchor Investor Reserveration		13,34,400 shares
Market Maker Reserveration	1,35,000 shares	2,44,800 shares
QIB		9,82,400 shares
NII	12,60,000 shares	6,96,000 shares
RII	12,63,000 shares	16,22,400 shares
Employee
Others
Total	25,23,000 shares	46,35,200 shares

Bids Received (Subscription)

HRH Next IPO subscribed 66.29x in total, whereas Kaushalya Logistics IPO subscribed 390.88x.

	HRH Next IPO	Kaushalya Logistics IPO
QIB (times)		92.62x
NII (times)	66.91x	847.88x
Big NII (times)
Small NII (times)
RII (times)	63.61x	375.44x
Employee (times)
Other (times)
Total (times)	66.29x	390.88x

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