HRH Next Services IPO vs Indifra IPO

Comparision between HRH Next Services IPO and Indifra IPO.

IPO Details

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

	HRH Next Services IPO	Indifra 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	Beeline Capital Advisors Pvt Ltd
Registrar	Cameo Corporate Services Limited	Kfin Technologies Limited
Market Maker	Nikunj Stock Brokers Limited	Spread X Securities 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 Indifra IPO is up to ₹14.04 Cr. The final issue price of HRH Next Services IPO is ₹36.00 per share and of Indifra IPO is ₹65.00 per share.

	HRH Next Services IPO	Indifra IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹36.00 per share	₹65.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	2000 shares
Fresh Issue Size	26,58,000 shares	21,60,000 shares
Fresh Issue Size (Amount)	up to ₹9.57 Cr	up to ₹14.04 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	26,58,000 shares	21,60,000 shares
Issue Size Total (Amount)	up to ₹9.57 Cr	up to ₹14.04 Cr

IPO Timetable

HRH Next Services IPO opens on Dec 27, 2023, while Indifra IPO opens on Dec 21, 2023. The closing date of HRH Next Services IPO and Indifra IPO is Dec 29, 2023, and Dec 26, 2023, respectively.

	HRH Next Services IPO	Indifra IPO
Anchor Bid Date
Issue Open	Dec 27, 2023	Dec 21, 2023
Issue Close	Dec 29, 2023	Dec 26, 2023
Basis Of Allotment (Tentative)	Jan 01, 2024	Dec 27, 2023
Initiation of Refunds (Tentative)	Jan 02, 2024	Dec 28, 2023
Credit of Share (Tentative)	Jan 02, 2024	Dec 28, 2023
Listing date (Tentative)	Jan 03, 2024	Dec 29, 2023
Anchor Lockin End date 1	Jan 31, 2024	Jan 26, 2024
Anchor Lockin End date 2	Mar 31, 2024	Mar 26, 2024

Financials

HRH Next Services IPO P/E ratio is 6.78, as compared to Indifra IPO P/E ratio of 11.23.

HRH Next Services IPO

Indifra 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

Indifra Limited Financial Information (Restated)

Indifra Limited's revenue decreased by -8.3% and profit after tax (PAT) rose by 148.07% 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	630.24	312.46	420.10	229.63
Revenue	64.28	1,001.69	1,092.41	306.54
Profit After Tax	3.54	99.08	39.94	10.51
Net Worth	533.25	169.70	70.62	30.68
Reserves and Surplus	20.25	168.70	69.62	29.68
Total Borrowing		38.26	50.61	45.05
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

97.88%

96%

Promoter Shareholding (Post-Issue)

69.61%

67.55%

P/E Ratio

6.78

11.23

Market Cap

₹33.14 Cr.

₹47.39 Cr.

ROE

39.94%%

82.45%%

ROCE

6.80%%

86.21%%

Debt/Equity

0.12

EPS

₹5.31

₹5.79

RoNW

33.29%%

82.45%%

Shares Offered

In the HRH Next Services IPO retail investors (RII) are offered 12,60,000 shares while in Indifra 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 Indifra IPO.

	HRH Next Services IPO	Indifra IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,35,000 shares	1,08,000 shares
QIB	0 shares	0 shares
NII	12,63,000 shares	10,26,000 shares
RII	12,60,000 shares	10,26,000 shares
Employee	0 shares	0 shares
Others
Total	25,23,000 shares	20,52,000 shares

Bids Received (Subscription)

HRH Next Services IPO subscribed 66.29x in total, whereas Indifra IPO subscribed 7.21x.

	HRH Next Services IPO	Indifra IPO
QIB (times)
NII (times)	66.91x	2.34x
Big NII (times)
Small NII (times)
RII (times)	63.61x	12.07x
Employee (times)
Other (times)
Total (times)	66.29x	7.21x

Compare with others

HRH Next Services IPO	Indifra IPO
Lawsikho IPO	HRH Next Services IPO
IBL Finance 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
MCPL IPO	Sameera Agro IPO
Kay Cee Energy & Infra IPO	Supreme Power Equipment IPO
Balaji Valve Components IPO	Sahara Maritime IPO
AIK Pipes And Polymers IPO	Electro Force India IPO
Indifra IPO	Trident Techlabs IPO

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