Heranba Industries IPO vs Indigo Paints IPO

Comparision between Heranba Industries IPO and Indigo Paints IPO.

IPO Details

Heranba Industries IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Indigo Paints IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Heranba Industries IPO	Indigo Paints 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	Batlivala & Karani Securities India Private Limited Emkay Global Financial Services Ltd	Edelweiss Financial Services Ltd ICICI Securities Limited Kotak Mahindra Capital Company Limited
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Heranba Industries IPO is up to ₹625.24 Cr whereas the issue size of the Indigo Paints IPO is up to ₹1,176.00 Cr. The final issue price of Heranba Industries IPO is ₹627.00 per share and of Indigo Paints IPO is ₹1,490.00 per share.

	Heranba Industries IPO	Indigo Paints IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹626.00 per share	₹1,488.00 per share
Issue Price (Upper)	₹627.00 per share	₹1,490.00 per share
Issue Price (Final)	₹627.00 per share	₹1,490.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	23 shares	10 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹60.00 Cr	up to ₹300.00 Cr
OFS Issue Size	90,15,000 shares	58,40,000 shares
OFS Issue Size (Amount)
Issue Size Total
Issue Size Total (Amount)	up to ₹625.24 Cr	up to ₹1,176.00 Cr

IPO Timetable

Heranba Industries IPO opens on Feb 23, 2021, while Indigo Paints IPO opens on Jan 20, 2021. The closing date of Heranba Industries IPO and Indigo Paints IPO is Feb 25, 2021, and Jan 22, 2021, respectively.

	Heranba Industries IPO	Indigo Paints IPO
Anchor Bid Date
Issue Open	Feb 23, 2021	Jan 20, 2021
Issue Close	Feb 25, 2021	Jan 22, 2021
Basis Of Allotment (Tentative)	Mar 02, 2021	Jan 28, 2021
Initiation of Refunds (Tentative)	Mar 03, 2021	Jan 29, 2021
Credit of Share (Tentative)	Mar 04, 2021	Feb 01, 2021
Listing date (Tentative)	Mar 05, 2021	Feb 02, 2021
Anchor Lockin End date 1	Apr 01, 2021	Feb 27, 2021
Anchor Lockin End date 2	May 31, 2021	Apr 28, 2021

Financials

Heranba Industries IPO P/E ratio is , as compared to Indigo Paints IPO P/E ratio of .

Heranba Industries IPO

Indigo Paints IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in million)
	30-Sep-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	7,881.20	6,247.63	5,604.43	4,504.65
Total Revenue	6,192.11	9,679.06	10,118.38	7,504.10
Profit After Tax	663.11	977.50	754.02	468.76

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in million)
	30-Sept-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	4,112.91	4,219.59	3,731.83	2,973.94
Total Revenue	2,602.43	6,264.36	5,372.62	4,031.05
Profit After Tax	272.05	478.15	268.70	128.62

Promoter Shareholding (Pre-Issue)

98.1%

60.05%

Promoter Shareholding (Post-Issue)

74.1%

54%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Heranba Industries IPO retail investors (RII) are offered 34,90,178 shares while in Indigo Paints IPO retail investors are offered 34,90,178 shares. Qualified institutional buyers (QIB) are offered 19,95,448 shares in Heranba Industries IPO and 15,56,690 shares in Indigo Paints IPO.

	Heranba Industries IPO	Indigo Paints IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	19,95,448 shares	15,56,690 shares
NII	14,95,791 shares	11,67,514 shares
RII	34,90,178 shares	27,24,198 shares
Employee	0 shares	70,000 shares
Others
Total	69,81,417 shares	55,18,402 shares

Bids Received (Subscription)

Heranba Industries IPO subscribed 83.29x in total, whereas Indigo Paints IPO subscribed 117.02x.

	Heranba Industries IPO	Indigo Paints IPO
QIB (times)	67.45x	189.57x
NII (times)	271.15x	263.05x
Big NII (times)
Small NII (times)
RII (times)	11.84x	15.93x
Employee (times)		2.50x
Other (times)
Total (times)	83.29x	117.02x

Compare with others

Heranba Industries IPO	Indigo Paints IPO
Laxmi Organic IPO	Heranba Industries IPO
Craftsman Automation IPO	Nureca limited IPO
Nazara Technologies IPO	Brookfield India REIT
EaseMyTrip IPO	Stove Kraft IPO
MTAR Technologies IPO	Home First Finance IPO
Nureca limited IPO	Antony Waste IPO
Brookfield India REIT	Mrs. Bectors Food IPO
Stove Kraft IPO	IRFC IPO
Home First Finance IPO	Burger King IPO
Indigo Paints IPO	RailTel IPO

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