Bharti Hexacom IPO vs SRM Contractors IPO

Comparision between Bharti Hexacom IPO and SRM Contractors IPO.

IPO Details

Bharti Hexacom IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while SRM Contractors IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Bharti Hexacom IPO	SRM Contractors IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	SBI Capital Markets Limited Axis Capital Limited Bob Capital Markets Limited ICICI Securities Limited Iifl Securities Ltd	Interactive Financial Services Ltd
Registrar	Kfin Technologies Limited	Bigshare Services Pvt Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Bharti Hexacom IPO is up to ₹4,275.00 Cr whereas the issue size of the SRM Contractors IPO is up to ₹130.20 Cr. The final issue price of Bharti Hexacom IPO is ₹570.00 per share and of SRM Contractors IPO is ₹210.00 per share.

	Bharti Hexacom IPO	SRM Contractors IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹542.00 per share	₹200.00 per share
Issue Price (Upper)	₹570.00 per share	₹210.00 per share
Issue Price (Final)	₹570.00 per share	₹210.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	26 shares	70 shares
Fresh Issue Size		62,00,000 shares
Fresh Issue Size (Amount)		up to ₹130.20 Cr
OFS Issue Size	7,50,00,000 shares
OFS Issue Size (Amount)	up to ₹4,275.00 Cr
Issue Size Total	7,50,00,000 shares	62,00,000 shares
Issue Size Total (Amount)	up to ₹4,275.00 Cr	up to ₹130.20 Cr

IPO Timetable

Bharti Hexacom IPO opens on Apr 03, 2024, while SRM Contractors IPO opens on Mar 26, 2024. The closing date of Bharti Hexacom IPO and SRM Contractors IPO is Apr 05, 2024, and Mar 28, 2024, respectively.

	Bharti Hexacom IPO	SRM Contractors IPO
Anchor Bid Date	Apr 02, 2024	Mar 22, 2024
Issue Open	Apr 03, 2024	Mar 26, 2024
Issue Close	Apr 05, 2024	Mar 28, 2024
Basis Of Allotment (Tentative)	Apr 08, 2024	Apr 01, 2024
Initiation of Refunds (Tentative)	Apr 10, 2024	Apr 02, 2024
Credit of Share (Tentative)	Apr 10, 2024	Apr 02, 2024
Listing date (Tentative)	Apr 12, 2024	Apr 03, 2024
Anchor Lockin End date 1	May 08, 2024	May 01, 2024
Anchor Lockin End date 2	Jul 07, 2024	Jun 30, 2024

Financials

Bharti Hexacom IPO P/E ratio is 51.89, as compared to SRM Contractors IPO P/E ratio of 18.76.

Bharti Hexacom IPO

SRM Contractors IPO

Financial

Bharti Hexacom Limited Financial Information (Restated Standalone)

Bharti Hexacom Limited's revenue increased by 22.3% and profit after tax (PAT) dropped by -67.2% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	19,603.00	18,252.90	16,674.30	15,003.50
Revenue	5,420.80	6,719.20	5,494.00	4,704.30
Profit After Tax	281.80	549.20	1,674.60	1,033.90
Net Worth	3,978.80	3,972.20	3,573.20	1,898.70
Reserves and Surplus	4,166.10	3,959.50	3,410.50	1,736.00
Total Borrowing	6,253.00	6,269.30	7,198.30	5,975.20
Amount in ₹ Crore

SRM Contractors Limited Financial Information (Restated Consolidated)

SRM Contractors Limited's revenue increased by 13.24% and profit after tax (PAT) rose by 6.71% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	168.87	137.36	120.22	112.47
Revenue	242.28	300.65	265.51	161.95
Profit After Tax	21.07	18.75	17.57	8.27
Net Worth	37.24	63.16	44.41	26.85
Reserves and Surplus	67.48	46.41	42.89	25.32
Total Borrowing	42.32	47.16	31.52	31.96
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

70.00%

99.92%

Promoter Shareholding (Post-Issue)

70.00%

72.92%

P/E Ratio

51.89

18.76

Market Cap

₹28500.00 Cr.

₹481.83 Cr.

ROE

ROCE

29.43%%

Debt/Equity

1.41

0.5

EPS

₹10.98

₹11.20

RoNW

7.08%%

25.02%%

Shares Offered

In the Bharti Hexacom IPO retail investors (RII) are offered 75,00,000 shares while in SRM Contractors IPO retail investors are offered 75,00,000 shares. Qualified institutional buyers (QIB) are offered 2,25,00,000 shares in Bharti Hexacom IPO and 12,40,100 shares in SRM Contractors IPO.

	Bharti Hexacom IPO	SRM Contractors IPO
Anchor Investor Reserveration	3,37,50,000 shares	18,59,900 shares
Market Maker Reserveration
QIB	2,25,00,000 shares	12,40,100 shares
NII	1,12,50,000 shares	9,30,000 shares
RII	75,00,000 shares	21,70,000 shares
Employee	0 shares	0 shares
Others
Total	4,12,50,000 shares	43,40,100 shares

Bids Received (Subscription)

Bharti Hexacom IPO subscribed 29.88x in total, whereas SRM Contractors IPO subscribed 86.57x.

	Bharti Hexacom IPO	SRM Contractors IPO
QIB (times)	48.57x	59.59x
NII (times)	10.52x	214.94x
Big NII (times)	12.27x	220.57x
Small NII (times)	7.00x	203.67x
RII (times)	2.83x	46.97x
Employee (times)
Other (times)
Total (times)	29.88x	86.57x

Compare with others

Bharti Hexacom IPO	SRM Contractors IPO
Aadhar Housing Finance IPO	TBO Tek IPO
TBO Tek IPO	Indegene IPO
Indegene IPO	JNK India IPO
JNK India IPO	VI FPO
VI FPO	Bharti Hexacom IPO
SRM Contractors IPO	Popular Vehicles & Services IPO
Popular Vehicles & Services IPO	Gopal Namkeen IPO
Gopal Namkeen IPO	Krystal Integrated Services IPO
Krystal Integrated Services IPO	JG Chemicals IPO
JG Chemicals IPO	Bharat Highways InvIT

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