HindPrakash IPO vs ICL Dairy IPO

Comparision between HindPrakash IPO and ICL Dairy IPO.

IPO Details

HindPrakash IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while ICL Dairy IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	HindPrakash IPO	ICL Dairy IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Hem Securities Limited	Finshore Management Services Limited
Registrar	Bigshare Services Pvt Ltd	Cameo Corporate Services Limited
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 HindPrakash IPO is up to ₹11.52 Cr whereas the issue size of the ICL Dairy IPO is up to ₹4.08 Cr. The final issue price of HindPrakash IPO is ₹40.00 per share and of ICL Dairy IPO is ₹20.00 per share.

	HindPrakash IPO	ICL Dairy IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹40.00 per share	₹20.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	6000 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	28,80,000 shares	20,40,000 shares
Issue Size Total (Amount)	up to ₹11.52 Cr	up to ₹4.08 Cr

IPO Timetable

HindPrakash IPO opens on Jan 15, 2020, while ICL Dairy IPO opens on Jan 31, 2020. The closing date of HindPrakash IPO and ICL Dairy IPO is Jan 17, 2020, and Feb 07, 2020, respectively.

	HindPrakash IPO	ICL Dairy IPO
Anchor Bid Date
Issue Open	Jan 15, 2020	Jan 31, 2020
Issue Close	Jan 17, 2020	Feb 07, 2020
Basis Of Allotment (Tentative)		Feb 11, 2020
Initiation of Refunds (Tentative)	Jan 23, 2020	Feb 12, 2020
Credit of Share (Tentative)	Jan 24, 2020	Feb 13, 2020
Listing date (Tentative)	Jan 27, 2020	Feb 17, 2020
Anchor Lockin End date 1		Mar 12, 2020
Anchor Lockin End date 2		May 11, 2020

Financials

HindPrakash IPO P/E ratio is 11.7, as compared to ICL Dairy IPO P/E ratio of 80.

HindPrakash IPO

ICL Dairy IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Lakh)
	30-Sept-19	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	4,793.36	4,813.53	3,116.38	3,467.16
Total Revenue	5063.80	9,799.48	8,747.58	8,611.78
Profit After Tax	177.81	283.42	231.91	214.26

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Lakhs)
	30-July-19	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	455.42	316.60	327.82	226.00
Total Revenue	223.13	1,572.65	1,207.30	252.68
Profit After Tax	4.83	27.62	34.93	5.03

Promoter Shareholding (Pre-Issue)

100%

72.71%

Promoter Shareholding (Post-Issue)

72.37%

47.99%

P/E Ratio

11.7

Market Cap

₹41.70 Cr.

₹12.00 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the HindPrakash IPO retail investors (RII) are offered 13,65,000 shares while in ICL Dairy IPO retail investors are offered 13,65,000 shares. Qualified institutional buyers (QIB) are offered in HindPrakash IPO and in ICL Dairy IPO.

	HindPrakash IPO	ICL Dairy IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,50,000 shares	1,02,000 shares
QIB
NII	13,65,000 shares	9,69,000 shares
RII	13,65,000 shares	9,69,000 shares
Employee
Others
Total	27,30,000 shares	19,38,000 shares

Bids Received (Subscription)

HindPrakash IPO subscribed 2.16x in total, whereas ICL Dairy IPO subscribed 3.08x.

	HindPrakash IPO	ICL Dairy IPO
QIB (times)
NII (times)	2.96x	3.56x
Big NII (times)
Small NII (times)
RII (times)	1.37x	2.59x
Employee (times)
Other (times)
Total (times)	2.16x	3.08x

Compare with others

HindPrakash IPO	ICL Dairy IPO
ICL Dairy IPO	Laxmi Goldorna IPO
CBC Pharma IPO	Cospower Engineering IPO
Tranway IPO	Nirmitee Robotics IPO
Madhav Copper FPO	RO Jewels IPO
Janus IPO	SM Auto IPO
Gian Lifecare IPO	CBC Pharma IPO
Vaxtex Cotfab IPO	Tranway IPO
Valencia IPO	Madhav Copper FPO
DC Infotech IPO	Janus IPO
Ascom Leasing IPO	HindPrakash IPO

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