Akanksha Power and Infrastructure IPO vs HRH Next Services IPO

Comparision between Akanksha Power and Infrastructure IPO and HRH Next Services IPO.

IPO Details

Akanksha Power and Infrastructure IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while HRH Next Services IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Akanksha Power and Infrastructure IPO	HRH Next Services IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Narnolia Financial Services Ltd	Finshore Management Services Limited
Registrar	Link Intime India Private Ltd	Cameo Corporate Services Limited
Market Maker	Nikunj Stock Brokers Limited	Nikunj Stock Brokers 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 Akanksha Power and Infrastructure IPO is up to ₹27.49 Cr whereas the issue size of the HRH Next Services IPO is up to ₹9.57 Cr. The final issue price of Akanksha Power and Infrastructure IPO is ₹55.00 per share and of HRH Next Services IPO is ₹36.00 per share.

	Akanksha Power and Infrastructure IPO	HRH Next Services IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹52.00 per share
Issue Price (Upper)	₹55.00 per share
Issue Price (Final)	₹55.00 per share	₹36.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	3000 shares
Fresh Issue Size	49,98,000 shares	26,58,000 shares
Fresh Issue Size (Amount)	up to ₹27.49 Cr	up to ₹9.57 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	49,98,000 shares	26,58,000 shares
Issue Size Total (Amount)	up to ₹27.49 Cr	up to ₹9.57 Cr

IPO Timetable

Akanksha Power and Infrastructure IPO opens on Dec 27, 2023, while HRH Next Services IPO opens on Dec 27, 2023. The closing date of Akanksha Power and Infrastructure IPO and HRH Next Services IPO is Dec 29, 2023, and Dec 29, 2023, respectively.

	Akanksha Power and Infrastructure IPO	HRH Next Services IPO
Anchor Bid Date	Dec 26, 2023
Issue Open	Dec 27, 2023	Dec 27, 2023
Issue Close	Dec 29, 2023	Dec 29, 2023
Basis Of Allotment (Tentative)	Jan 01, 2024	Jan 01, 2024
Initiation of Refunds (Tentative)	Jan 02, 2024	Jan 02, 2024
Credit of Share (Tentative)	Jan 02, 2024	Jan 02, 2024
Listing date (Tentative)	Jan 03, 2024	Jan 03, 2024
Anchor Lockin End date 1	Jan 31, 2024	Jan 31, 2024
Anchor Lockin End date 2	Mar 31, 2024	Mar 31, 2024

Financials

Akanksha Power and Infrastructure IPO P/E ratio is 24.02, as compared to HRH Next Services IPO P/E ratio of 6.78.

Akanksha Power and Infrastructure IPO

HRH Next Services IPO

Financial

Akanksha Power and Infrastructure Limited Financial Information (Restated)

Akanksha Power and Infrastructure Limited's revenue decreased by -10.8% and profit after tax (PAT) rose by 20.58% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	5,530.82	4,762.65	3,838.92	3,781.19
Revenue	1,027.27	4,644.03	5,206.50	7,441.05
Profit After Tax	71.06	290.50	240.92	392.12
Net Worth	2,074.75	1,595.94	1,305.42	1,064.50
Reserves and Surplus	722.70	1,414.44	1,123.92	883.00
Total Borrowing	1,722.62	1,527.68	1,055.03	891.47
Amount in ₹ Lakhs

HRH Next Services Limited Financial Information (Restated)

HRH Next Services Limited's revenue increased by 15.73% and profit after tax (PAT) rose by 273.85% 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	3,113.86	2,882.29	1,864.85	1,298.10
Revenue	2,152.51	5,124.96	4,428.42	2,424.26
Profit After Tax	150.84	347.79	93.03	25.18
Net Worth	1,320.71	1,044.79	697.00	603.97
Reserves and Surplus	665.96	1,024.79	677.00	583.97
Total Borrowing	1,083.77	990.57	442.58	401.88
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

83.28%

97.88%

Promoter Shareholding (Post-Issue)

60.81%

69.61%

P/E Ratio

24.02

6.78

Market Cap

₹101.85 Cr.

₹33.14 Cr.

ROE

18.20%%

39.94%%

ROCE

22.75%%

6.80%%

Debt/Equity

0.96

0.12

EPS

₹2.29

₹5.31

RoNW

18.20%%

33.29%%

Shares Offered

In the Akanksha Power and Infrastructure IPO retail investors (RII) are offered 16,60,000 shares while in HRH Next Services IPO retail investors are offered 16,60,000 shares. Qualified institutional buyers (QIB) are offered 9,48,000 shares in Akanksha Power and Infrastructure IPO and 0 shares in HRH Next Services IPO.

	Akanksha Power and Infrastructure IPO	HRH Next Services IPO
Anchor Investor Reserveration	14,18,000 shares
Market Maker Reserveration	2,60,000 shares	1,35,000 shares
QIB	9,48,000 shares	0 shares
NII	7,12,000 shares	12,63,000 shares
RII	16,60,000 shares	12,60,000 shares
Employee	0 shares	0 shares
Others
Total	33,20,000 shares	25,23,000 shares

Bids Received (Subscription)

Akanksha Power and Infrastructure IPO subscribed 117.39x in total, whereas HRH Next Services IPO subscribed 66.29x.

	Akanksha Power and Infrastructure IPO	HRH Next Services IPO
QIB (times)	38.51x
NII (times)	238.60x	66.91x
Big NII (times)
Small NII (times)
RII (times)	110.44x	63.61x
Employee (times)
Other (times)
Total (times)	117.39x	66.29x

Compare with others

Akanksha Power and Infrastructure IPO	HRH Next Services IPO
Australian Premium Solar (India) IPO	Lawsikho IPO
Lawsikho IPO	IBL Finance IPO
IBL Finance IPO	New Swan Multitech IPO
New Swan Multitech IPO	Kaushalya Logistics IPO
Kaushalya Logistics IPO	Akanksha Power and Infrastructure IPO
HRH Next Services IPO	MCPL IPO
MCPL IPO	Kay Cee Energy & Infra IPO
Kay Cee Energy & Infra IPO	Balaji Valve Components IPO
Balaji Valve Components IPO	AIK Pipes And Polymers IPO
AIK Pipes And Polymers IPO	Indifra IPO

Comments

Add a public comment...