Harshdeep Hortico IPO vs Mayank Cattle Food IPO

Comparision between Harshdeep Hortico IPO and Mayank Cattle Food IPO.

IPO Details

Harshdeep Hortico IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Mayank Cattle Food IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Harshdeep Hortico IPO	Mayank Cattle Food IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Hem Securities Limited	Finshore Management Services Limited
Registrar	Link Intime India Private Ltd	Cameo Corporate Services Limited
Market Maker	Hem Finlease Private Limited	Rikhav 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 Harshdeep Hortico IPO is up to ₹19.09 Cr whereas the issue size of the Mayank Cattle Food IPO is up to ₹19.44 Cr. The final issue price of Harshdeep Hortico IPO is ₹45.00 per share and of Mayank Cattle Food IPO is ₹108.00 per share.

	Harshdeep Hortico IPO	Mayank Cattle Food IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹42.00 per share
Issue Price (Upper)	₹45.00 per share
Issue Price (Final)	₹45.00 per share	₹108.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1200 shares
Fresh Issue Size	42,42,000 shares	18,00,000 shares
Fresh Issue Size (Amount)	up to ₹19.09 Cr	up to ₹19.44 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	42,42,000 shares	18,00,000 shares
Issue Size Total (Amount)	up to ₹19.09 Cr	up to ₹19.44 Cr

IPO Timetable

Harshdeep Hortico IPO opens on Jan 29, 2024, while Mayank Cattle Food IPO opens on Jan 29, 2024. The closing date of Harshdeep Hortico IPO and Mayank Cattle Food IPO is Jan 31, 2024, and Jan 31, 2024, respectively.

	Harshdeep Hortico IPO	Mayank Cattle Food IPO
Anchor Bid Date	Jan 25, 2024
Issue Open	Jan 29, 2024	Jan 29, 2024
Issue Close	Jan 31, 2024	Jan 31, 2024
Basis Of Allotment (Tentative)	Feb 01, 2024	Feb 01, 2024
Initiation of Refunds (Tentative)	Feb 02, 2024	Feb 02, 2024
Credit of Share (Tentative)	Feb 02, 2024	Feb 02, 2024
Listing date (Tentative)	Feb 05, 2024	Feb 05, 2024
Anchor Lockin End date 1	Mar 02, 2024	Mar 02, 2024
Anchor Lockin End date 2	May 01, 2024	May 01, 2024

Financials

Harshdeep Hortico IPO P/E ratio is 0, as compared to Mayank Cattle Food IPO P/E ratio of 29.58.

Harshdeep Hortico IPO

Mayank Cattle Food IPO

Financial

Harshdeep Hortico Limited Financial Information (Restated)

Period Ended	31 Jul 2023	31 Mar 2023
Assets	3,059.49	4.89
Revenue	1,482.84
Profit After Tax	177.24	-0.27
Net Worth	1,325.82	4.73
Reserves and Surplus	1,318.85	-0.27
Total Borrowing	636.82
Amount in ₹ Lakhs

Mayank Cattle Food Limited Financial Information (Restated)

Mayank Cattle Food Limited's revenue decreased by -4.15% and profit after tax (PAT) rose by 64.45% 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	5,122.44	4,893.64	4,163.85	3,433.62
Revenue	7,527.15	30,958.14	32,300.17	18,652.89
Profit After Tax	57.37	131.43	79.92	71.81
Net Worth	533.37	475.99	344.56	264.63
Reserves and Surplus	173.37	455.99	324.56	244.63
Total Borrowing	3,788.35	3,961.00	3,163.53	2,531.49
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

97.38%

97.50%

Promoter Shareholding (Post-Issue)

71.72%

65.00%

P/E Ratio

29.58

Market Cap

₹72.42 Cr.

₹58.32 Cr.

ROE

32%%

ROCE

11.27%%

Debt/Equity

9.13

EPS

₹0.00

₹3.65

RoNW

27.61%%

Shares Offered

In the Harshdeep Hortico IPO retail investors (RII) are offered 14,10,000 shares while in Mayank Cattle Food IPO retail investors are offered 14,10,000 shares. Qualified institutional buyers (QIB) are offered 2,04,000 shares in Harshdeep Hortico IPO and 0 shares in Mayank Cattle Food IPO.

	Harshdeep Hortico IPO	Mayank Cattle Food IPO
Anchor Investor Reserveration	12,06,000 shares
Market Maker Reserveration	2,16,000 shares	90,000 shares
QIB	2,04,000 shares	0 shares
NII	6,06,000 shares	8,55,600 shares
RII	14,10,000 shares	8,54,400 shares
Employee	0 shares	0 shares
Others
Total	22,20,000 shares	17,10,000 shares

Bids Received (Subscription)

Harshdeep Hortico IPO subscribed 131.69x in total, whereas Mayank Cattle Food IPO subscribed 8.83x.

	Harshdeep Hortico IPO	Mayank Cattle Food IPO
QIB (times)	213.53x
NII (times)	181.95x	5.90x
Big NII (times)
Small NII (times)
RII (times)	98.25x	11.77x
Employee (times)
Other (times)
Total (times)	131.69x	8.83x

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