Comparison between HRH Next IPO and Manoj Ceramic IPO.
HRH Next IPO is a SME Fixed Price IPO proposed to list at NSE SME while Manoj Ceramic IPO is a SME Fixed Price proposed to list at BSE SME.
| HRH Next IPO | Manoj Ceramic IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Finshore Management Services Ltd. | Swaraj shares & securities Pvt.Ltd. |
| Registrar | Cameo Corporate Services Ltd. | Purva Sharegistry (India) Pvt.Ltd. |
| Market Maker | Nikunj Stock Brokers Ltd. | Shreni Shares 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 Manoj Ceramic IPO is up to ₹13.74 Cr. The final issue price of HRH Next IPO is ₹36.00 per share and of Manoj Ceramic IPO is ₹62.00 per share.
| HRH Next IPO | Manoj Ceramic IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹36.00 per share | ₹62.00 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 | 22,16,000 shares |
| Fresh Issue Size (Amount) | up to ₹9.08 Cr | up to ₹13.74 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 | 22,16,000 shares |
| Issue Size Total (Amount) | up to ₹9.08 Cr | up to ₹13.74 Cr |
HRH Next IPO opens on Dec 27, 2023, while Manoj Ceramic IPO opens on Dec 27, 2023. The closing date of HRH Next IPO and Manoj Ceramic IPO is Dec 29, 2023, and Dec 29, 2023, respectively.
| HRH Next IPO | Manoj Ceramic IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Dec 27, 2023 | Dec 27, 2023 |
| Issue Close | Dec 29, 2023 | Dec 29, 2023 |
| Basis Of Allotment (Tentative) | Jan 01, 2024 | Jan 01, 2024 |
| Initiation of Refunds (Tentative) | Jan 02, 2024 | Jan 02, 2024 |
| Credit of Share (Tentative) | Jan 02, 2024 | Jan 02, 2024 |
| Listing date (Tentative) | Jan 03, 2024 | Jan 03, 2024 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
HRH Next IPO P/E ratio is 6.78, as compared to Manoj Ceramic IPO P/E ratio of 0.26.
| HRH Next IPO | Manoj Ceramic 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.
| Manoj Ceramic Limited Financial Information (Restated)Manoj Ceramic Limited's revenue increased by 66.54% and profit after tax (PAT) rose by 283.52% between the financial year ending with March 31, 2023 and March 31, 2022.
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| Promoter Shareholding (Pre-Issue) | 97.88 | 99.55 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 69.61 | 71.67 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 6.78 | 0.26 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹33.14 Cr. | ₹51.67 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 39.94% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 6.80% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.12 | 3.86 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹5.31 | ₹241.62 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 33.29% | 27.67% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the HRH Next IPO Retail Individual Investors (RII) are offered 12,63,000 shares while in Manoj Ceramic IPO retail investors are offered 12,63,000 shares. Qualified Institutional Buyers (QIB) are offered in HRH Next IPO and in Manoj Ceramic IPO.
| HRH Next IPO | Manoj Ceramic IPO | |
|---|---|---|
| Anchor Investor Reserveration | ||
| Market Maker Reserveration | 1,35,000 shares | 1,18,000 shares |
| QIB | ||
| NII | 12,60,000 shares | 11,08,000 shares |
| RII | 12,63,000 shares | 11,08,000 shares |
| Employee | ||
| Others | ||
| Total | 25,23,000 shares | 22,16,000 shares |
HRH Next IPO subscribed 66.29x in total, whereas Manoj Ceramic IPO subscribed 9.00x.
| HRH Next IPO | Manoj Ceramic IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 66.91x | 7.28x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 63.61x | 10.73x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 66.29x | 9.00x |
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