HRH Next Services IPO vs New Swan Multitech IPO

Comparision between HRH Next Services IPO and New Swan Multitech IPO.

IPO Details

HRH Next Services IPO is a SME Book Built Issue IPO proposed to list at NSE SME while New Swan Multitech IPO is a SME Book Built Issue proposed to list at BSE SME.

	HRH Next Services IPO	New Swan Multitech IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	BSE SME
Lead Managers	Finshore Management Services Limited	Hem Securities Limited Share India Capital Services Private Limited
Registrar	Cameo Corporate Services Limited	Bigshare Services Pvt Ltd
Market Maker	Nikunj Stock Brokers 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 HRH Next Services IPO is up to ₹9.57 Cr whereas the issue size of the New Swan Multitech IPO is up to ₹33.11 Cr. The final issue price of HRH Next Services IPO is ₹36.00 per share and of New Swan Multitech IPO is ₹66.00 per share.

	HRH Next Services IPO	New Swan Multitech IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹62.00 per share
Issue Price (Upper)		₹66.00 per share
Issue Price (Final)	₹36.00 per share	₹66.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	2000 shares
Fresh Issue Size	26,58,000 shares	50,16,000 shares
Fresh Issue Size (Amount)	up to ₹9.57 Cr	up to ₹33.11 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	26,58,000 shares	50,16,000 shares
Issue Size Total (Amount)	up to ₹9.57 Cr	up to ₹33.11 Cr

IPO Timetable

HRH Next Services IPO opens on Dec 27, 2023, while New Swan Multitech IPO opens on Jan 11, 2024. The closing date of HRH Next Services IPO and New Swan Multitech IPO is Dec 29, 2023, and Jan 15, 2024, respectively.

	HRH Next Services IPO	New Swan Multitech IPO
Anchor Bid Date		Jan 10, 2024
Issue Open	Dec 27, 2023	Jan 11, 2024
Issue Close	Dec 29, 2023	Jan 15, 2024
Basis Of Allotment (Tentative)	Jan 01, 2024	Jan 16, 2024
Initiation of Refunds (Tentative)	Jan 02, 2024	Jan 17, 2024
Credit of Share (Tentative)	Jan 02, 2024	Jan 17, 2024
Listing date (Tentative)	Jan 03, 2024	Jan 18, 2024
Anchor Lockin End date 1	Jan 31, 2024	Feb 15, 2024
Anchor Lockin End date 2	Mar 31, 2024	Apr 15, 2024

Financials

HRH Next Services IPO P/E ratio is 6.78, as compared to New Swan Multitech IPO P/E ratio of 9.32.

HRH Next Services IPO

New Swan Multitech IPO

Financial

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

New Swan Multitech Limited Financial Information (Restated)

New Swan Multitech Limited's revenue increased by 4.05% and profit after tax (PAT) rose by 173.15% 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	13,801.10	12,876.43	12,348.80	11,769.68
Revenue	7,788.21	15,142.17	14,552.40	14,960.55
Profit After Tax	497.53	991.93	363.14	342.63
Net Worth	3,479.28	2,981.75	1,989.82	1,626.68
Reserves and Surplus	2,079.26	2,631.74	1,639.81	1,276.67
Total Borrowing	4,799.12	3,915.70	4,800.59	4,580.55
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

97.88%

100%

Promoter Shareholding (Post-Issue)

69.61%

73.62%

P/E Ratio

6.78

9.32

Market Cap

₹33.14 Cr.

₹125.51 Cr.

ROE

39.94%%

33.27%%

ROCE

6.80%%

24.86%%

Debt/Equity

0.12

1.31

EPS

₹5.31

₹7.09

RoNW

33.29%%

33.27%%

Shares Offered

In the HRH Next Services IPO retail investors (RII) are offered 12,60,000 shares while in New Swan Multitech IPO retail investors are offered 12,60,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in HRH Next Services IPO and 9,52,000 shares in New Swan Multitech IPO.

	HRH Next Services IPO	New Swan Multitech IPO
Anchor Investor Reserveration		14,28,000 shares
Market Maker Reserveration	1,35,000 shares	2,56,000 shares
QIB	0 shares	9,52,000 shares
NII	12,63,000 shares	7,14,000 shares
RII	12,60,000 shares	16,66,000 shares
Employee	0 shares	0 shares
Others
Total	25,23,000 shares	33,32,000 shares

Bids Received (Subscription)

HRH Next Services IPO subscribed 66.29x in total, whereas New Swan Multitech IPO subscribed 384.26x.

	HRH Next Services IPO	New Swan Multitech IPO
QIB (times)		110.69x
NII (times)	66.91x	739.72x
Big NII (times)
Small NII (times)
RII (times)	63.61x	388.23x
Employee (times)
Other (times)
Total (times)	66.29x	384.26x

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