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HVAX Technologies IPO vs Thinking Hats Entertainment IPO

Comparison between HVAX Technologies IPO and Thinking Hats Entertainment IPO.

IPO Details

HVAX Technologies IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Thinking Hats Entertainment IPO is a SME Bookbuilding proposed to list at NSE SME.

 HVAX Technologies IPOThinking Hats Entertainment IPO
LogoHVAX Technologies IPO LogoThinking Hats Entertainment IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersFedex Securities Pvt.Ltd.Horizon Financial Pvt.Ltd.
RegistrarKfin Technologies Ltd.MAS Services Ltd.
Market MakerAftertrade Broking Pvt.Ltd.Giriraj Stock Broking Pvt.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 HVAX Technologies IPO is up to ₹31.82 Cr whereas the issue size of the Thinking Hats Entertainment IPO is up to ₹14.30 Cr. The final issue price of HVAX Technologies IPO is ₹458.00 per share and of Thinking Hats Entertainment IPO is ₹44.00 per share.

 HVAX Technologies IPOThinking Hats Entertainment IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹435.00 per share₹42.00 per share
Issue Price (Upper)₹458.00 per share₹44.00 per share
Issue Price (Final)₹458.00 per share₹44.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size300 shares3000 shares
Fresh Issue Size6,94,800 shares32,49,000 shares
Fresh Issue Size (Amount)up to ₹31.82 Crup to ₹14.30 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total6,94,800 shares32,49,000 shares
Issue Size Total (Amount)up to ₹31.82 Crup to ₹14.30 Cr

IPO Timetable

HVAX Technologies IPO opens on Sep 27, 2024, while Thinking Hats Entertainment IPO opens on Sep 25, 2024. The closing date of HVAX Technologies IPO and Thinking Hats Entertainment IPO is Oct 01, 2024, and Sep 27, 2024, respectively.

 HVAX Technologies IPOThinking Hats Entertainment IPO
Anchor Bid DateSep 26, 2024
Issue OpenSep 27, 2024Sep 25, 2024
Issue CloseOct 01, 2024Sep 27, 2024
Basis Of Allotment (Tentative)Oct 03, 2024Sep 30, 2024
Initiation of Refunds (Tentative)Oct 04, 2024Oct 01, 2024
Credit of Share (Tentative)Oct 04, 2024Oct 01, 2024
Listing date (Tentative)Oct 07, 2024Oct 03, 2024
Anchor Lockin End date 1Nov 01, 2024
Anchor Lockin End date 2Dec 31, 2024

Financials & KPIs

HVAX Technologies IPO P/E ratio is 9.97, as compared to Thinking Hats Entertainment IPO P/E ratio of 12.89.

 HVAX Technologies IPOThinking Hats Entertainment IPO
Financials

HVAX Technologies Limited Financial Information (Restated)

HVAX Technologies Limited's revenue increased by 12% and profit after tax (PAT) rose by 80% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets6,366.327,825.595,386.78
Total Income10,746.999,613.866,879.13
Profit After Tax939.07520.37418.15
Net Worth3,059.831,720.771,200.4
Reserves and Surplus2,991.671,659.081,138.71
Total Borrowing2,437.291,692.211,010.03
Amount in ₹ Lakhs

Thinking Hats Entertainment Solutions Limited Financial Information (Restated)

Thinking Hats Entertainment Solutions Limited's revenue increased by 20% and profit after tax (PAT) rose by 54% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets2,403.221,456.81641.14
Total Income2,670.12,227.81,245.2
Profit After Tax309.16200.7937.21
Net Worth1,099.86573.26372.47
Reserves and Surplus1,012.28497.01296.22
Total Borrowing543.46413.6529.22
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)90.5078.29
Promoter Shareholding (Post-Issue)66.65
P/E Ratio9.9712.89
Market Cap₹127.18 Cr.₹54.94 Cr.
ROE39.29%28.11%
ROCE25.17%29.37%
Debt/Equity0.800.49
EPS₹45.92₹3.41
RoNW30.69%28.11%

Shares Offered

In the HVAX Technologies IPO Retail Individual Investors (RII) are offered 2,44,500 shares while in Thinking Hats Entertainment IPO retail investors are offered 2,44,500 shares. Qualified Institutional Buyers (QIB) are offered 1,38,000 shares in HVAX Technologies IPO and 3,24,000 shares in Thinking Hats Entertainment IPO.

 HVAX Technologies IPOThinking Hats Entertainment IPO
Anchor Investor Reserveration2,07,000 shares
Market Maker Reserveration37,200 shares1,80,000 shares
QIB1,38,000 shares3,24,000 shares
NII1,05,300 shares8,76,000 shares
RII2,44,500 shares20,49,000 shares
Employee
Others
Total6,94,800 shares32,49,000 shares

Bids Received (Subscription)

HVAX Technologies IPO subscribed 34.16x in total, whereas Thinking Hats Entertainment IPO subscribed 322.19x.

 HVAX Technologies IPOThinking Hats Entertainment IPO
QIB (times)14.02x67.67x
NII (times)77.92x356.81x
Big NII (times)
Small NII (times)
RII (times)26.69x347.64x
Employee (times)
Other (times)
Total (times)34.16x322.19x