HRH Next Services IPO vs IBL Finance IPO

Comparision between HRH Next Services IPO and IBL Finance IPO.

IPO Details

HRH Next Services IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while IBL Finance IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	HRH Next Services IPO	IBL Finance IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Finshore Management Services Limited	Fedex Securities�Pvt Ltd
Registrar	Cameo Corporate Services Limited	Bigshare Services Pvt Ltd
Market Maker	Nikunj Stock Brokers Limited	Market-Hub Stock Broking Private Limited
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 HRH Next Services IPO is up to ₹9.57 Cr whereas the issue size of the IBL Finance IPO is up to ₹33.41 Cr. The final issue price of HRH Next Services IPO is ₹36.00 per share and of IBL Finance IPO is ₹51.00 per share.

	HRH Next Services IPO	IBL Finance IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹36.00 per share	₹51.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	2000 shares
Fresh Issue Size	26,58,000 shares	65,50,000 shares
Fresh Issue Size (Amount)	up to ₹9.57 Cr	up to ₹33.41 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	26,58,000 shares	65,50,000 shares
Issue Size Total (Amount)	up to ₹9.57 Cr	up to ₹33.41 Cr

IPO Timetable

HRH Next Services IPO opens on Dec 27, 2023, while IBL Finance IPO opens on Jan 09, 2024. The closing date of HRH Next Services IPO and IBL Finance IPO is Dec 29, 2023, and Jan 11, 2024, respectively.

	HRH Next Services IPO	IBL Finance IPO
Anchor Bid Date
Issue Open	Dec 27, 2023	Jan 09, 2024
Issue Close	Dec 29, 2023	Jan 11, 2024
Basis Of Allotment (Tentative)	Jan 01, 2024	Jan 12, 2024
Initiation of Refunds (Tentative)	Jan 02, 2024	Jan 15, 2024
Credit of Share (Tentative)	Jan 02, 2024	Jan 15, 2024
Listing date (Tentative)	Jan 03, 2024	Jan 16, 2024
Anchor Lockin End date 1	Jan 31, 2024	Feb 11, 2024
Anchor Lockin End date 2	Mar 31, 2024	Apr 11, 2024

Financials

HRH Next Services IPO P/E ratio is 6.78, as compared to IBL Finance IPO P/E ratio of 48.08.

HRH Next Services IPO

IBL Finance 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

IBL Finance Limited Financial Information (Restated)

IBL Finance Limited's revenue increased by 307.59% and profit after tax (PAT) rose by 351.28% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Jul 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,317.60	2,218.11	1,022.85	339.10
Revenue	492.58	1,333.13	327.08	112.59
Profit After Tax	120.60	192.83	42.73	-9.88
Net Worth	2,169.34	2,048.74	355.47	312.73
Reserves and Surplus	351.27	1,139.71	29.47	-13.27
Total Borrowing	7.51	9.12	640.58
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

97.88%

85.55%

Promoter Shareholding (Post-Issue)

69.61%

62.89%

P/E Ratio

6.78

48.08

Market Cap

₹33.14 Cr.

₹126.13 Cr.

ROE

39.94%%

9.41%%

ROCE

6.80%%

18.88%%

Debt/Equity

0.12

EPS

₹5.31

₹1.06

RoNW

33.29%%

9.41%%

Shares Offered

In the HRH Next Services IPO retail investors (RII) are offered 12,60,000 shares while in IBL Finance IPO retail investors are offered 12,60,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in HRH Next Services IPO and 0 shares in IBL Finance IPO.

	HRH Next Services IPO	IBL Finance IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,35,000 shares	3,30,000 shares
QIB	0 shares	0 shares
NII	12,63,000 shares	31,10,000 shares
RII	12,60,000 shares	31,10,000 shares
Employee	0 shares	0 shares
Others
Total	25,23,000 shares	62,20,000 shares

Bids Received (Subscription)

HRH Next Services IPO subscribed 66.29x in total, whereas IBL Finance IPO subscribed 17.00x.

	HRH Next Services IPO	IBL Finance IPO
QIB (times)
NII (times)	66.91x	9.94x
Big NII (times)
Small NII (times)
RII (times)	63.61x	24.03x
Employee (times)
Other (times)
Total (times)	66.29x	17.00x

Compare with others

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

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