Harshdeep Hortico IPO vs Megatherm Induction IPO

Comparision between Harshdeep Hortico IPO and Megatherm Induction IPO.

IPO Details

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

	Harshdeep Hortico IPO	Megatherm Induction IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Hem Securities Limited	Hem Securities Limited
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Hem Finlease Private 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 Harshdeep Hortico IPO is up to ₹19.09 Cr whereas the issue size of the Megatherm Induction IPO is up to ₹53.91 Cr. The final issue price of Harshdeep Hortico IPO is ₹45.00 per share and of Megatherm Induction IPO is ₹108.00 per share.

	Harshdeep Hortico IPO	Megatherm Induction IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹42.00 per share	₹100.00 per share
Issue Price (Upper)	₹45.00 per share	₹108.00 per share
Issue Price (Final)	₹45.00 per share	₹108.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1200 shares
Fresh Issue Size	42,42,000 shares	49,92,000 shares
Fresh Issue Size (Amount)	up to ₹19.09 Cr	up to ₹53.91 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	42,42,000 shares	49,92,000 shares
Issue Size Total (Amount)	up to ₹19.09 Cr	up to ₹53.91 Cr

IPO Timetable

Harshdeep Hortico IPO opens on Jan 29, 2024, while Megatherm Induction IPO opens on Jan 29, 2024. The closing date of Harshdeep Hortico IPO and Megatherm Induction IPO is Jan 31, 2024, and Jan 31, 2024, respectively.

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

Financials

Harshdeep Hortico IPO P/E ratio is 0, as compared to Megatherm Induction IPO P/E ratio of 10.68.

Harshdeep Hortico IPO

Megatherm Induction IPO

Financial

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

Megatherm Induction Limited Financial Information (Restated)

Megatherm Induction Limited's revenue increased by 41.37% and profit after tax (PAT) rose by 1171.94% 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	21,040.28	19,197.87	17,262.76	14,645.06
Revenue	14,732.31	26,643.84	18,846.92	10,927.03
Profit After Tax	759.34	1,400.41	110.10	309.12
Net Worth	5,821.98	5,062.64	3,662.23	3,512.13
Reserves and Surplus	4,437.11	4,139.39	2,738.98	2,598.88
Total Borrowing	4,480.46	4,282.04	4,038.80	4,327.04
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

97.38%

98.92%

Promoter Shareholding (Post-Issue)

71.72%

72.71%

P/E Ratio

10.68

Market Cap

₹72.42 Cr.

₹203.48 Cr.

ROE

27.66%%

ROCE

27.47%%

Debt/Equity

1.67

EPS

₹0.00

₹10.11

RoNW

27.66%%

Shares Offered

In the Harshdeep Hortico IPO retail investors (RII) are offered 14,10,000 shares while in Megatherm Induction IPO retail investors are offered 14,10,000 shares. Qualified institutional buyers (QIB) are offered 2,04,000 shares in Harshdeep Hortico IPO and 9,48,000 shares in Megatherm Induction IPO.

	Harshdeep Hortico IPO	Megatherm Induction IPO
Anchor Investor Reserveration	12,06,000 shares	14,22,000 shares
Market Maker Reserveration	2,16,000 shares	2,50,800 shares
QIB	2,04,000 shares	9,48,000 shares
NII	6,06,000 shares	7,11,600 shares
RII	14,10,000 shares	16,59,600 shares
Employee	0 shares	0 shares
Others
Total	22,20,000 shares	33,19,200 shares

Bids Received (Subscription)

Harshdeep Hortico IPO subscribed 131.69x in total, whereas Megatherm Induction IPO subscribed 196.11x.

	Harshdeep Hortico IPO	Megatherm Induction IPO
QIB (times)	213.53x	105.14x
NII (times)	181.95x	307.04x
Big NII (times)
Small NII (times)
RII (times)	98.25x	200.51x
Employee (times)
Other (times)
Total (times)	131.69x	196.11x

Compare with others

Harshdeep Hortico IPO	Megatherm Induction IPO
Alpex Solar IPO	Italian Edibles IPO
Italian Edibles IPO	Gabriel Pet Straps IPO
Gabriel Pet Straps IPO	Mayank Cattle Food IPO
Mayank Cattle Food IPO	Docmode Health Technologies IPO
Docmode Health Technologies IPO	Harshdeep Hortico IPO
Megatherm Induction IPO	DelaPlex IPO
DelaPlex IPO	Baweja Studios IPO
Baweja Studios IPO	Fonebook IPO
Fonebook IPO	Brisk Technovision IPO
Brisk Technovision IPO	Qualitek Labs IPO

Comments

Add a public comment...