Harsha Engineers IPO vs Kaynes Technology IPO

Comparision between Harsha Engineers IPO and Kaynes Technology IPO.

IPO Details

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

	Harsha Engineers IPO	Kaynes Technology 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	Axis Capital Limited Equirus Capital Private Limited Jm Financial Limited	Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Iifl Securities Ltd
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 Harsha Engineers IPO is up to ₹755.00 Cr whereas the issue size of the Kaynes Technology IPO is up to ₹857.82 Cr. The final issue price of Harsha Engineers IPO is ₹330.00 per share and of Kaynes Technology IPO is ₹587.00 per share.

	Harsha Engineers IPO	Kaynes Technology IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹314.00 per share	₹559.00 per share
Issue Price (Upper)	₹330.00 per share	₹587.00 per share
Issue Price (Final)	₹330.00 per share	₹587.00 per share
Discount (Retail)
Discount (Employee)	₹31.00 per share
Market Lot Size	45 shares	25 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹455.00 Cr	up to ₹530.00 Cr
OFS Issue Size		55,84,664 shares
OFS Issue Size (Amount)	up to ₹300.00 Cr	up to ₹327.82 Cr
Issue Size Total
Issue Size Total (Amount)	up to ₹755.00 Cr	up to ₹857.82 Cr

IPO Timetable

Harsha Engineers IPO opens on Sep 14, 2022, while Kaynes Technology IPO opens on Nov 10, 2022. The closing date of Harsha Engineers IPO and Kaynes Technology IPO is Sep 16, 2022, and Nov 14, 2022, respectively.

	Harsha Engineers IPO	Kaynes Technology IPO
Anchor Bid Date
Issue Open	Sep 14, 2022	Nov 10, 2022
Issue Close	Sep 16, 2022	Nov 14, 2022
Basis Of Allotment (Tentative)	Sep 21, 2022	Nov 17, 2022
Initiation of Refunds (Tentative)	Sep 22, 2022	Nov 18, 2022
Credit of Share (Tentative)	Sep 23, 2022	Nov 21, 2022
Listing date (Tentative)	Sep 26, 2022	Nov 22, 2022
Anchor Lockin End date 1	Oct 21, 2022	Dec 17, 2022
Anchor Lockin End date 2	Dec 20, 2022	Feb 15, 2023

Financials

Harsha Engineers IPO P/E ratio is 32.67, as compared to Kaynes Technology IPO P/E ratio of 84.95.

Harsha Engineers IPO

Kaynes Technology IPO

Financial

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

Kaynes Technology India Ltd Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	378.12	370.17	9.36	95.76	143.83
31-Mar-21	419.37	424.66	9.73	136.51	139.47
31-Mar-22	622.42	710.35	41.68	201.82	169.55
30-Jun-22	763.26	199.98	10.05	212	186.38
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

99.70%

79.78%

Promoter Shareholding (Post-Issue)

74.6

67.39%

P/E Ratio

32.67

84.95

Market Cap

₹3004.20 Cr.

₹3412.97 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Harsha Engineers IPO retail investors (RII) are offered 83,87,730 shares while in Kaynes Technology IPO retail investors are offered 83,87,730 shares. Qualified institutional buyers (QIB) are offered 47,92,950 shares in Harsha Engineers IPO and 29,23,888 shares in Kaynes Technology IPO.

	Harsha Engineers IPO	Kaynes Technology IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	47,92,950 shares	29,23,888 shares
NII	35,94,780 shares	22,55,858 shares
RII	83,87,730 shares	52,63,667 shares
Employee	88,335 shares	26,833 shares
Others
Total	1,68,63,795 shares	1,04,70,246 shares

Bids Received (Subscription)

Harsha Engineers IPO subscribed 74.70x in total, whereas Kaynes Technology IPO subscribed 34.16x.

	Harsha Engineers IPO	Kaynes Technology IPO
QIB (times)	178.26x	98.47x
NII (times)	71.32x	21.21x
Big NII (times)	74.78x	23.07x
Small NII (times)	64.41x	17.47x
RII (times)	17.63x	4.10x
Employee (times)	12.07x	11.92x
Other (times)
Total (times)	74.70x	34.16x

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