Alpex Solar IPO vs Harshdeep Hortico IPO

Comparision between Alpex Solar IPO and Harshdeep Hortico IPO.

IPO Details

Alpex Solar 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.

	Alpex Solar 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	Corporate Capitalventures Pvt Ltd	Hem Securities Limited
Registrar	Skyline Financial Services Private Ltd	Link Intime India Private Ltd
Market Maker	Ss Corporate Securities 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 Alpex Solar IPO is up to ₹74.52 Cr whereas the issue size of the Harshdeep Hortico IPO is up to ₹19.09 Cr. The final issue price of Alpex Solar IPO is ₹115.00 per share and of Harshdeep Hortico IPO is ₹45.00 per share.

	Alpex Solar IPO	Harshdeep Hortico IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹109.00 per share	₹42.00 per share
Issue Price (Upper)	₹115.00 per share	₹45.00 per share
Issue Price (Final)	₹115.00 per share	₹45.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	3000 shares
Fresh Issue Size	64,80,000 shares	42,42,000 shares
Fresh Issue Size (Amount)	up to ₹74.52 Cr	up to ₹19.09 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	64,80,000 shares	42,42,000 shares
Issue Size Total (Amount)	up to ₹74.52 Cr	up to ₹19.09 Cr

IPO Timetable

Alpex Solar IPO opens on Feb 08, 2024, while Harshdeep Hortico IPO opens on Jan 29, 2024. The closing date of Alpex Solar IPO and Harshdeep Hortico IPO is Feb 12, 2024, and Jan 31, 2024, respectively.

	Alpex Solar IPO	Harshdeep Hortico IPO
Anchor Bid Date	Feb 07, 2024	Jan 25, 2024
Issue Open	Feb 08, 2024	Jan 29, 2024
Issue Close	Feb 12, 2024	Jan 31, 2024
Basis Of Allotment (Tentative)	Feb 13, 2024	Feb 01, 2024
Initiation of Refunds (Tentative)	Feb 14, 2024	Feb 02, 2024
Credit of Share (Tentative)	Feb 14, 2024	Feb 02, 2024
Listing date (Tentative)	Feb 15, 2024	Feb 05, 2024
Anchor Lockin End date 1	Mar 14, 2024	Mar 02, 2024
Anchor Lockin End date 2	May 13, 2024	May 01, 2024

Financials

Alpex Solar IPO P/E ratio is 54.66, as compared to Harshdeep Hortico IPO P/E ratio of 0.

Alpex Solar IPO

Harshdeep Hortico IPO

Financial

Alpex Solar Limited Financial Information (Restated Consolidated)

Alpex Solar Limited's revenue increased by 16.25% and profit after tax (PAT) rose by 1849.43% 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	14,188.46	12,559.64	10,003.75	9,935.35
Revenue	21,310.72	19,592.07	16,853.62	14,972.96
Profit After Tax	760.58	378.58	19.42	315.23
Net Worth	4,906.86	4,146.29	3,767.70	3,748.28
Reserves and Surplus	4,307.08	3,546.51	3,167.92	3,148.50
Total Borrowing	4,175.15	4,735.73	2,669.98	2,992.68
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)

93.53%

97.38%

Promoter Shareholding (Post-Issue)

68.76%

71.72%

P/E Ratio

54.66

Market Cap

₹281.44 Cr.

₹72.42 Cr.

ROE

9.55%%

ROCE

18.81%%

Debt/Equity

1.14

EPS

₹2.10

₹0.00

RoNW

9.55%%

Shares Offered

In the Alpex Solar IPO retail investors (RII) are offered 21,55,200 shares while in Harshdeep Hortico IPO retail investors are offered 21,55,200 shares. Qualified institutional buyers (QIB) are offered 12,31,200 shares in Alpex Solar IPO and 2,04,000 shares in Harshdeep Hortico IPO.

	Alpex Solar IPO	Harshdeep Hortico IPO
Anchor Investor Reserveration	18,45,600 shares	12,06,000 shares
Market Maker Reserveration	3,24,000 shares	2,16,000 shares
QIB	12,31,200 shares	2,04,000 shares
NII	9,24,000 shares	6,06,000 shares
RII	21,55,200 shares	14,10,000 shares
Employee	0 shares	0 shares
Others
Total	43,10,400 shares	22,20,000 shares

Bids Received (Subscription)

Alpex Solar IPO subscribed 324.03x in total, whereas Harshdeep Hortico IPO subscribed 131.69x.

	Alpex Solar IPO	Harshdeep Hortico IPO
QIB (times)	141.48x	213.53x
NII (times)	502.31x	181.95x
Big NII (times)
Small NII (times)
RII (times)	351.89x	98.25x
Employee (times)
Other (times)
Total (times)	324.03x	131.69x

Compare with others

Alpex Solar IPO	Harshdeep Hortico IPO
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Rudra Gas Enterprise IPO	Mayank Cattle Food IPO
WTI Cabs IPO	Docmode Health Technologies IPO
Italian Edibles IPO	Megatherm Induction IPO
Gabriel Pet Straps IPO	DelaPlex IPO
Mayank Cattle Food IPO	Baweja Studios IPO
Docmode Health Technologies IPO	Fonebook IPO
Harshdeep Hortico IPO	Brisk Technovision IPO

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