Brisk Technovision IPO vs Harshdeep Hortico IPO

Comparision between Brisk Technovision IPO and Harshdeep Hortico IPO.

IPO Details

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

	Brisk Technovision IPO	Harshdeep Hortico IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	BSE SME
Lead Managers	Sun Capital Advisory Services (P) Ltd	Hem Securities Limited
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
Market Maker	Nnm Securities Private Limited	Hem Finlease Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Brisk Technovision IPO is up to ₹12.48 Cr whereas the issue size of the Harshdeep Hortico IPO is up to ₹19.09 Cr. The final issue price of Brisk Technovision IPO is ₹156.00 per share and of Harshdeep Hortico IPO is ₹45.00 per share.

	Brisk Technovision IPO	Harshdeep Hortico IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹42.00 per share
Issue Price (Upper)		₹45.00 per share
Issue Price (Final)	₹156.00 per share	₹45.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	800 shares	3000 shares
Fresh Issue Size		42,42,000 shares
Fresh Issue Size (Amount)	up to ₹0.00 Cr	up to ₹19.09 Cr
OFS Issue Size	8,00,000 shares
OFS Issue Size (Amount)	up to ₹12.48 Cr
Issue Size Total	8,00,000 shares	42,42,000 shares
Issue Size Total (Amount)	up to ₹12.48 Cr	up to ₹19.09 Cr

IPO Timetable

Brisk Technovision IPO opens on Jan 23, 2024, while Harshdeep Hortico IPO opens on Jan 29, 2024. The closing date of Brisk Technovision IPO and Harshdeep Hortico IPO is Jan 25, 2024, and Jan 31, 2024, respectively.

	Brisk Technovision IPO	Harshdeep Hortico IPO
Anchor Bid Date		Jan 25, 2024
Issue Open	Jan 23, 2024	Jan 29, 2024
Issue Close	Jan 25, 2024	Jan 31, 2024
Basis Of Allotment (Tentative)	Jan 29, 2024	Feb 01, 2024
Initiation of Refunds (Tentative)	Jan 30, 2024	Feb 02, 2024
Credit of Share (Tentative)	Jan 30, 2024	Feb 02, 2024
Listing date (Tentative)	Jan 31, 2024	Feb 05, 2024
Anchor Lockin End date 1	Feb 28, 2024	Mar 02, 2024
Anchor Lockin End date 2	Apr 28, 2024	May 01, 2024

Financials

Brisk Technovision IPO P/E ratio is 15.69, as compared to Harshdeep Hortico IPO P/E ratio of 0.

Brisk Technovision IPO

Harshdeep Hortico IPO

Financial

Brisk Technovision Limited Financial Information (Restated)

Brisk Technovision Limited's revenue decreased by -16.64% and profit after tax (PAT) rose by 81.58% 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	1,423.40	679.73	661.82	562.52
Revenue	1,577.27	1,840.30	2,207.63	1,691.02
Profit After Tax	152.48	198.90	109.54	14.51
Net Worth	631.02	478.54	307.64	198.07
Reserves and Surplus	431.02	278.54	107.64	197.07
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)

99.99%

97.38%

Promoter Shareholding (Post-Issue)

59.99%

71.72%

P/E Ratio

15.69

Market Cap

₹31.20 Cr.

₹72.42 Cr.

ROE

41.56%%

ROCE

54.71%%

Debt/Equity

0.03

EPS

₹9.95

₹0.00

RoNW

41.56%%

Shares Offered

In the Brisk Technovision IPO retail investors (RII) are offered 3,80,000 shares while in Harshdeep Hortico IPO retail investors are offered 3,80,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Brisk Technovision IPO and 2,04,000 shares in Harshdeep Hortico IPO.

	Brisk Technovision IPO	Harshdeep Hortico IPO
Anchor Investor Reserveration		12,06,000 shares
Market Maker Reserveration	40,000 shares	2,16,000 shares
QIB	0 shares	2,04,000 shares
NII	3,80,000 shares	6,06,000 shares
RII	3,80,000 shares	14,10,000 shares
Employee	0 shares	0 shares
Others
Total	7,60,000 shares	22,20,000 shares

Bids Received (Subscription)

Brisk Technovision IPO subscribed 47.10x in total, whereas Harshdeep Hortico IPO subscribed 131.69x.

	Brisk Technovision IPO	Harshdeep Hortico IPO
QIB (times)		213.53x
NII (times)	58.14x	181.95x
Big NII (times)
Small NII (times)
RII (times)	35.87x	98.25x
Employee (times)
Other (times)
Total (times)	47.10x	131.69x

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