DelaPlex IPO vs Harshdeep Hortico IPO

Comparision between DelaPlex IPO and Harshdeep Hortico IPO.

IPO Details

DelaPlex IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Harshdeep Hortico IPO is a SME Book Built Issue proposed to list at BSE SME.

	DelaPlex IPO	Harshdeep Hortico IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	BSE SME
Lead Managers	Shreni Shares Limited	Hem Securities Limited
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private Ltd
Market Maker	Shreni Shares Limited	Hem Finlease Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of DelaPlex IPO is up to ₹46.08 Cr whereas the issue size of the Harshdeep Hortico IPO is up to ₹19.09 Cr. The final issue price of DelaPlex IPO is ₹192.00 per share and of Harshdeep Hortico IPO is ₹45.00 per share.

	DelaPlex IPO	Harshdeep Hortico IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹186.00 per share	₹42.00 per share
Issue Price (Upper)	₹192.00 per share	₹45.00 per share
Issue Price (Final)	₹192.00 per share	₹45.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	600 shares	3000 shares
Fresh Issue Size	18,00,000 shares	42,42,000 shares
Fresh Issue Size (Amount)	up to ₹34.56 Cr	up to ₹19.09 Cr
OFS Issue Size	6,00,000 shares
OFS Issue Size (Amount)	up to ₹11.52 Cr
Issue Size Total	24,00,000 shares	42,42,000 shares
Issue Size Total (Amount)	up to ₹46.08 Cr	up to ₹19.09 Cr

IPO Timetable

DelaPlex IPO opens on Jan 25, 2024, while Harshdeep Hortico IPO opens on Jan 29, 2024. The closing date of DelaPlex IPO and Harshdeep Hortico IPO is Jan 30, 2024, and Jan 31, 2024, respectively.

	DelaPlex IPO	Harshdeep Hortico IPO
Anchor Bid Date	Jan 24, 2024	Jan 25, 2024
Issue Open	Jan 25, 2024	Jan 29, 2024
Issue Close	Jan 30, 2024	Jan 31, 2024
Basis Of Allotment (Tentative)	Jan 31, 2024	Feb 01, 2024
Initiation of Refunds (Tentative)	Jan 31, 2024	Feb 02, 2024
Credit of Share (Tentative)	Feb 01, 2024	Feb 02, 2024
Listing date (Tentative)	Feb 02, 2024	Feb 05, 2024
Anchor Lockin End date 1	Mar 01, 2024	Mar 02, 2024
Anchor Lockin End date 2	Apr 30, 2024	May 01, 2024

Financials

DelaPlex IPO P/E ratio is 17.75, as compared to Harshdeep Hortico IPO P/E ratio of 0.

DelaPlex IPO

Harshdeep Hortico IPO

Financial

DelaPlex Limited Financial Information (Restated)

DelaPlex Limited's revenue increased by 9.69% and profit after tax (PAT) rose by 29.23% 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	3,185.45	2,638.33	1,790.90	1,100.77
Revenue	2,814.28	5,521.81	5,034.06	3,633.30
Profit After Tax	425.53	790.72	611.87	404.00
Net Worth	2,775.58	2,350.05	1,559.32	947.45
Reserves and Surplus	2,774.58	2,349.05	1,558.32	946.45
Amount in ₹ Lakhs

Harshdeep Hortico Limited Financial Information (Restated)

Period Ended	31 Jul 2023	31 Mar 2023
Assets	3,059.49	4.89
Revenue	1,482.84
Profit After Tax	177.24	-0.27
Net Worth	1,325.82	4.73
Reserves and Surplus	1,318.85	-0.27
Total Borrowing	636.82
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

97.38%

Promoter Shareholding (Post-Issue)

73.66%

71.72%

P/E Ratio

17.75

Market Cap

₹174.91 Cr.

₹72.42 Cr.

ROE

40.45%%

ROCE

56.73%%

Debt/Equity

EPS

₹10.82

₹0.00

RoNW

56.73%%

Shares Offered

In the DelaPlex IPO retail investors (RII) are offered 7,97,400 shares while in Harshdeep Hortico IPO retail investors are offered 7,97,400 shares. Qualified institutional buyers (QIB) are offered 4,55,400 shares in DelaPlex IPO and 2,04,000 shares in Harshdeep Hortico IPO.

	DelaPlex IPO	Harshdeep Hortico IPO
Anchor Investor Reserveration	6,82,800 shares	12,06,000 shares
Market Maker Reserveration	1,22,400 shares	2,16,000 shares
QIB	4,55,400 shares	2,04,000 shares
NII	3,42,000 shares	6,06,000 shares
RII	7,97,400 shares	14,10,000 shares
Employee	0 shares	0 shares
Others
Total	15,94,800 shares	22,20,000 shares

Bids Received (Subscription)

DelaPlex IPO subscribed 177.80x in total, whereas Harshdeep Hortico IPO subscribed 131.69x.

	DelaPlex IPO	Harshdeep Hortico IPO
QIB (times)	90.91x	213.53x
NII (times)	335.23x	181.95x
Big NII (times)
Small NII (times)
RII (times)	159.91x	98.25x
Employee (times)
Other (times)
Total (times)	177.80x	131.69x

Compare with others

DelaPlex IPO	Harshdeep Hortico IPO
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Harshdeep Hortico IPO	Mayank Cattle Food IPO
Megatherm Induction IPO	Docmode Health Technologies IPO
Baweja Studios IPO	Megatherm Induction IPO
Fonebook IPO	DelaPlex IPO
Brisk Technovision IPO	Baweja Studios IPO
Qualitek Labs IPO	Fonebook IPO
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