HRH Next Services IPO vs Lawsikho IPO

Comparision between HRH Next Services IPO and Lawsikho IPO.

IPO Details

HRH Next Services IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Lawsikho IPO is a SME Book Built Issue proposed to list at NSE SME.

	HRH Next Services IPO	Lawsikho IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Finshore Management Services Limited	Narnolia Financial Services Ltd
Registrar	Cameo Corporate Services Limited	Maashitla Securities Private Limited
Market Maker	Nikunj Stock Brokers Limited	Ss Corporate Securities 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 Lawsikho IPO is up to ₹60.16 Cr. The final issue price of HRH Next Services IPO is ₹36.00 per share and of Lawsikho IPO is ₹140.00 per share.

	HRH Next Services IPO	Lawsikho IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹133.00 per share
Issue Price (Upper)		₹140.00 per share
Issue Price (Final)	₹36.00 per share	₹140.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1000 shares
Fresh Issue Size	26,58,000 shares	41,37,000 shares
Fresh Issue Size (Amount)	up to ₹9.57 Cr	up to ₹57.92 Cr
OFS Issue Size		1,60,000 shares
OFS Issue Size (Amount)		up to ₹2.24 Cr
Issue Size Total	26,58,000 shares	42,97,000 shares
Issue Size Total (Amount)	up to ₹9.57 Cr	up to ₹60.16 Cr

IPO Timetable

HRH Next Services IPO opens on Dec 27, 2023, while Lawsikho IPO opens on Jan 19, 2024. The closing date of HRH Next Services IPO and Lawsikho IPO is Dec 29, 2023, and Jan 24, 2024, respectively.

	HRH Next Services IPO	Lawsikho IPO
Anchor Bid Date		Jan 18, 2024
Issue Open	Dec 27, 2023	Jan 19, 2024
Issue Close	Dec 29, 2023	Jan 24, 2024
Basis Of Allotment (Tentative)	Jan 01, 2024	Jan 25, 2024
Initiation of Refunds (Tentative)	Jan 02, 2024	Jan 29, 2024
Credit of Share (Tentative)	Jan 02, 2024	Jan 29, 2024
Listing date (Tentative)	Jan 03, 2024	Jan 30, 2024
Anchor Lockin End date 1	Jan 31, 2024	Feb 24, 2024
Anchor Lockin End date 2	Mar 31, 2024	Apr 24, 2024

Financials

HRH Next Services IPO P/E ratio is 6.78, as compared to Lawsikho IPO P/E ratio of 66.69.

HRH Next Services IPO

Lawsikho 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

Addictive Learning Technology Limited Financial Information (Restated)

Addictive Learning Technology Limited's revenue increased by 80.41% and profit after tax (PAT) rose by 603.63% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Aug 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,324.95	920.64	103.11	65.05
Revenue	2,482.36	3,354.47	1,859.34	677.77
Profit After Tax	315.96	247.13	-49.07	-0.54
Net Worth	522.27	206.30	-40.82	-1.75
Reserves and Surplus	512.17	196.20	-50.92	-1.85
Total Borrowing		15.73
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

97.88%

92.27%

Promoter Shareholding (Post-Issue)

69.61%

67.27%

P/E Ratio

6.78

66.69

Market Cap

₹33.14 Cr.

₹222.74 Cr.

ROE

39.94%%

119.79%%

ROCE

6.80%%

157.53%%

Debt/Equity

0.12

0.08

EPS

₹5.31

₹2.10

RoNW

33.29%%

119.79%%

Shares Offered

In the HRH Next Services IPO retail investors (RII) are offered 12,60,000 shares while in Lawsikho IPO retail investors are offered 12,60,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in HRH Next Services IPO and 7,94,000 shares in Lawsikho IPO.

	HRH Next Services IPO	Lawsikho IPO
Anchor Investor Reserveration		11,92,000 shares
Market Maker Reserveration	1,35,000 shares	3,16,000 shares
QIB	0 shares	7,94,000 shares
NII	12,63,000 shares	5,99,000 shares
RII	12,60,000 shares	13,95,000 shares
Employee	0 shares	0 shares
Others
Total	25,23,000 shares	27,88,000 shares

Bids Received (Subscription)

HRH Next Services IPO subscribed 66.29x in total, whereas Lawsikho IPO subscribed 273.12x.

	HRH Next Services IPO	Lawsikho IPO
QIB (times)		116.27x
NII (times)	66.91x	414.44x
Big NII (times)
Small NII (times)
RII (times)	63.61x	301.71x
Employee (times)
Other (times)
Total (times)	66.29x	273.12x

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Indifra IPO	HRH Next Services IPO

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