Honasa Consumer IPO vs Protean eGov Technologies IPO

Comparison between Honasa Consumer IPO and Protean eGov Technologies IPO.

IPO Details

Honasa Consumer IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Protean eGov Technologies IPO is a Mainboard Bookbuilding proposed to list at BSE.

Issue Size and Price

The total issue size of Honasa Consumer IPO is up to ₹1,701.44 Cr whereas the issue size of the Protean eGov Technologies IPO is up to ₹489.95 Cr. The final issue price of Honasa Consumer IPO is ₹324.00 per share and of Protean eGov Technologies IPO is ₹792.00 per share.

 Honasa Consumer IPOProtean eGov Technologies IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹308.00 per share₹752.00 per share
Issue Price (Upper)₹324.00 per share₹792.00 per share
Issue Price (Final)₹324.00 per share₹792.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹30.00 per share₹75.00 per share
Market Lot Size46 shares18 shares
Fresh Issue Size1,12,67,530 shares0 shares
Fresh Issue Size (Amount)up to ₹365.05 Crup to ₹0.00 Cr
OFS Issue Size4,12,48,162 shares61,91,000 shares
OFS Issue Size (Amount)up to ₹1,336.39 Crup to ₹489.95 Cr
Issue Size Total5,25,15,692 shares61,91,000 shares
Issue Size Total (Amount)up to ₹1,701.44 Crup to ₹489.95 Cr

IPO Timetable

Honasa Consumer IPO opens on Oct 31, 2023, while Protean eGov Technologies IPO opens on Nov 06, 2023. The closing date of Honasa Consumer IPO and Protean eGov Technologies IPO is Nov 02, 2023, and Nov 08, 2023, respectively.

 Honasa Consumer IPOProtean eGov Technologies IPO
Anchor Bid DateOct 30, 2023Nov 03, 2023
Issue OpenOct 31, 2023Nov 06, 2023
Issue CloseNov 02, 2023Nov 08, 2023
Basis Of Allotment (Tentative)Nov 06, 2023Nov 13, 2023
Initiation of Refunds (Tentative)Nov 06, 2023Nov 15, 2023
Credit of Share (Tentative)Nov 06, 2023Nov 16, 2023
Listing date (Tentative)Nov 07, 2023Nov 13, 2023
Anchor Lockin End date 1Dec 06, 2023Dec 13, 2023
Anchor Lockin End date 2Feb 04, 2024Feb 11, 2024

Financials & KPIs

Honasa Consumer IPO P/E ratio is , as compared to Protean eGov Technologies IPO P/E ratio of 29.91.

 Honasa Consumer IPOProtean eGov Technologies IPO
Financials

Company Financials (Restated Consolidated)

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,048.03966.421,035.01302.64
Total Income477.101,515.27964.35472.10
Profit After Tax24.72-150.9714.44-1,324.61
NET Worth638.26605.90705.62-1,765.14
Reserves and Surplus-1,290.94-1,323.32-1,087.33
Total Borrowing6.793.613.59
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,133.861,104.10988.14862.39
Total Income233.17783.87770.18652.03
Profit After Tax32.21107.04143.9492.19
NET Worth888.10856.94788.00667.46
Reserves and Surplus847.48816.33747.43627.14
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)37.41
Promoter Shareholding (Post-Issue)35.34
P/E Ratio29.91
Market Cap₹10425.00 Cr.₹3203.38 Cr.
ROE12.49%
ROCE16.13%
Debt/Equity
EPS₹4.66₹26.48
RoNW-23.57%12.49%

Shares Offered

In the Honasa Consumer IPO Retail Individual Investors (RII) are offered 52,48,272 shares while in Protean eGov Technologies IPO retail investors are offered 52,48,272 shares. Qualified Institutional Buyers (QIB) are offered 1,57,44,820 shares in Honasa Consumer IPO and 12,08,200 shares in Protean eGov Technologies IPO.

 Honasa Consumer IPOProtean eGov Technologies IPO
Anchor Investor Reservation2,36,17,228 shares18,12,300 shares
Market Maker Reservation
QIB1,57,44,820 shares12,08,200 shares
NII78,72,409 shares9,06,150 shares
RII52,48,272 shares21,14,350 shares
Employee34,013 shares1,50,000 shares
Others
Total5,25,16,742 shares61,91,000 shares

Bids Received (Subscription)

Honasa Consumer IPO subscribed 7.61x in total, whereas Protean eGov Technologies IPO subscribed 23.86x.

 Honasa Consumer IPOProtean eGov Technologies IPO
QIB (times)11.50x46.94x
NII (times)4.02x31.62x
Big NII (times)4.85x33.14x
Small NII (times)2.36x28.58x
RII (times)1.35x8.93x
Employee (times)4.88x1.49x
Other (times)
Total (times)7.61x23.86x

Compare with others

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Honasa Consumer IPO Vs Protean eGov Technologies IPO