Dreamfolks Services IPO vs Harsha Engineers IPO

Comparision between Dreamfolks Services IPO and Harsha Engineers IPO.

IPO Details

Dreamfolks Services IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Harsha Engineers IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Dreamfolks Services IPO	Harsha Engineers IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Equirus Capital Private Limited Motilal Oswal Investment Advisors Limited	Axis Capital Limited Equirus Capital Private Limited Jm Financial Limited
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
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 Dreamfolks Services IPO is up to ₹562.10 Cr whereas the issue size of the Harsha Engineers IPO is up to ₹755.00 Cr. The final issue price of Dreamfolks Services IPO is ₹326.00 per share and of Harsha Engineers IPO is ₹330.00 per share.

	Dreamfolks Services IPO	Harsha Engineers IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹308.00 per share	₹314.00 per share
Issue Price (Upper)	₹326.00 per share	₹330.00 per share
Issue Price (Final)	₹326.00 per share	₹330.00 per share
Discount (Retail)
Discount (Employee)		₹31.00 per share
Market Lot Size	46 shares	45 shares
Fresh Issue Size
Fresh Issue Size (Amount)		up to ₹455.00 Cr
OFS Issue Size	1,72,42,368 shares
OFS Issue Size (Amount)	up to ₹562.10 Cr	up to ₹300.00 Cr
Issue Size Total	1,72,42,368 shares
Issue Size Total (Amount)	up to ₹562.10 Cr	up to ₹755.00 Cr

IPO Timetable

Dreamfolks Services IPO opens on Aug 24, 2022, while Harsha Engineers IPO opens on Sep 14, 2022. The closing date of Dreamfolks Services IPO and Harsha Engineers IPO is Aug 26, 2022, and Sep 16, 2022, respectively.

	Dreamfolks Services IPO	Harsha Engineers IPO
Anchor Bid Date
Issue Open	Aug 24, 2022	Sep 14, 2022
Issue Close	Aug 26, 2022	Sep 16, 2022
Basis Of Allotment (Tentative)	Sep 01, 2022	Sep 21, 2022
Initiation of Refunds (Tentative)	Sep 02, 2022	Sep 22, 2022
Credit of Share (Tentative)	Sep 05, 2022	Sep 23, 2022
Listing date (Tentative)	Sep 06, 2022	Sep 26, 2022
Anchor Lockin End date 1	Oct 01, 2022	Oct 21, 2022
Anchor Lockin End date 2	Nov 30, 2022	Dec 20, 2022

Financials

Dreamfolks Services IPO P/E ratio is 104.82, as compared to Harsha Engineers IPO P/E ratio of 32.67.

Dreamfolks Services IPO

Harsha Engineers IPO

Financial

Dreamfolks Services Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth
31-Mar-20	137.76	367.81	31.68	65.51
31-Mar-21	122.5	108.11	-1.45	64.3
31-Mar-22	168.68	283.99	16.25	82.16
Amount in ₹ Crore

Harsha Engineers International Ltd Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth
31-Mar-19	195	117.9	-27.41	1.41
31-Mar-20	973.24	899.5	21.91	378.02
31-Mar-21	981.07	876.73	45.44	433.22
31-Mar-22	1158.25	1339	91.94	527.9
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100%

99.70%

Promoter Shareholding (Post-Issue)

67%

74.6

P/E Ratio

104.82

32.67

Market Cap

₹1703.35 Cr.

₹3004.20 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Dreamfolks Services IPO retail investors (RII) are offered 17,24,236 shares while in Harsha Engineers IPO retail investors are offered 17,24,236 shares. Qualified institutional buyers (QIB) are offered 51,72,711 shares in Dreamfolks Services IPO and 47,92,950 shares in Harsha Engineers IPO.

	Dreamfolks Services IPO	Harsha Engineers IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	51,72,711 shares	47,92,950 shares
NII	25,86,355 shares	35,94,780 shares
RII	17,24,236 shares	83,87,730 shares
Employee	0 shares	88,335 shares
Others
Total	94,83,302 shares	1,68,63,795 shares

Bids Received (Subscription)

Dreamfolks Services IPO subscribed 56.68x in total, whereas Harsha Engineers IPO subscribed 74.70x.

	Dreamfolks Services IPO	Harsha Engineers IPO
QIB (times)	70.53x	178.26x
NII (times)	37.66x	71.32x
Big NII (times)	40.94x	74.78x
Small NII (times)	31.10x	64.41x
RII (times)	43.66x	17.63x
Employee (times)		12.07x
Other (times)
Total (times)	56.68x	74.70x

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Harsha Engineers IPO	Tamilnad Mercantile Bank IPO
Syrma IPO	Dreamfolks Services IPO
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