HMA Agro Industries IPO vs Tata Technologies IPO

Comparision between HMA Agro Industries IPO and Tata Technologies IPO.

IPO Details

HMA Agro Industries IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Tata Technologies IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	HMA Agro Industries IPO	Tata Technologies 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	Aryaman Financial Services Limited	Jm Financial Limited Citigroup Global Markets India Private Limited Bofa Securities India Limited
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private 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 HMA Agro Industries IPO is up to ₹480.00 Cr whereas the issue size of the Tata Technologies IPO is up to ₹3,042.51 Cr. The final issue price of HMA Agro Industries IPO is ₹585.00 per share and of Tata Technologies IPO is ₹500.00 per share.

	HMA Agro Industries IPO	Tata Technologies IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹555.00 per share	₹475.00 per share
Issue Price (Upper)	₹585.00 per share	₹500.00 per share
Issue Price (Final)	₹585.00 per share	₹500.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	25 shares	30 shares
Fresh Issue Size	25,64,102 shares
Fresh Issue Size (Amount)	up to ₹150.00 Cr
OFS Issue Size	56,41,025 shares	6,08,50,278 shares
OFS Issue Size (Amount)	up to ₹330.00 Cr	up to ₹3,042.51 Cr
Issue Size Total	82,05,127 shares	6,08,50,278 shares
Issue Size Total (Amount)	up to ₹480.00 Cr	up to ₹3,042.51 Cr

IPO Timetable

HMA Agro Industries IPO opens on Jun 20, 2023, while Tata Technologies IPO opens on Nov 22, 2023. The closing date of HMA Agro Industries IPO and Tata Technologies IPO is Jun 23, 2023, and Nov 24, 2023, respectively.

	HMA Agro Industries IPO	Tata Technologies IPO
Anchor Bid Date	Jun 19, 2023	Nov 21, 2023
Issue Open	Jun 20, 2023	Nov 22, 2023
Issue Close	Jun 23, 2023	Nov 24, 2023
Basis Of Allotment (Tentative)	Jun 29, 2023	Nov 28, 2023
Initiation of Refunds (Tentative)	Jun 30, 2023	Nov 29, 2023
Credit of Share (Tentative)	Jul 03, 2023	Nov 29, 2023
Listing date (Tentative)	Jul 04, 2023	Nov 30, 2023
Anchor Lockin End date 1	Jul 29, 2023	Dec 28, 2023
Anchor Lockin End date 2	Sep 27, 2023	Feb 26, 2024

Financials

HMA Agro Industries IPO P/E ratio is 19.4, as compared to Tata Technologies IPO P/E ratio of 32.53.

HMA Agro Industries IPO

Tata Technologies IPO

Financial

HMA Agro Industries Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-19	549.27	2,784.03	31.17	141.45	137.73	131.98
31-Mar-20	472.85	2,416.61	45.90	187.05	183.32	169.13
31-Mar-21	572.04	1,720.40	71.60	258.69	254.92	181.34
31-Mar-22	856.11	3,138.98	117.62	374.65	327.03	330.02
Amount in ₹ Crore

Tata Technologies Limited Financial Information (Restated Consolidated)

Tata Technologies Limited's revenue increased by 25.81% and profit after tax (PAT) rose by 42.8% 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	5,142.42	5,201.49	4,218.00	3,572.74
Revenue	2,587.42	4,501.93	3,578.38	2,425.74
Profit After Tax	351.90	624.04	436.99	239.17
Net Worth	2,853.13	2,989.47	2,280.16	2,142.15
Reserves and Surplus	2,455.29	2,605.60	2,028.93	1,897.46
Total Borrowing
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

66.79%

Promoter Shareholding (Post-Issue)

55.39%

P/E Ratio

19.4

32.53

Market Cap

₹2929.50 Cr.

₹20283.43 Cr.

ROE

ROCE

0.33%

Debt/Equity

0.75

EPS

₹18.83

₹15.37

RoNW

28.78%%

20.87%%

Shares Offered

In the HMA Agro Industries IPO retail investors (RII) are offered 30,27,027 shares while in Tata Technologies IPO retail investors are offered 30,27,027 shares. Qualified institutional buyers (QIB) are offered 17,29,729 shares in HMA Agro Industries IPO and 1,05,47,382 shares in Tata Technologies IPO.

	HMA Agro Industries IPO	Tata Technologies IPO
Anchor Investor Reserveration	24,61,537 shares	1,58,21,071 shares
Market Maker Reserveration
QIB	17,29,729 shares	1,05,47,382 shares
NII	12,97,298 shares	79,10,537 shares
RII	30,27,027 shares	1,84,57,919 shares
Employee	0 shares	20,28,342 shares
Others
Total	60,54,054 shares	4,50,29,207 shares

Bids Received (Subscription)

HMA Agro Industries IPO subscribed 1.62x in total, whereas Tata Technologies IPO subscribed 69.43x.

	HMA Agro Industries IPO	Tata Technologies IPO
QIB (times)	1.74x	203.41x
NII (times)	2.97x	62.11x
Big NII (times)	3.82x	70.67x
Small NII (times)	1.29x	44.98x
RII (times)	0.96x	16.50x
Employee (times)		3.70x
Other (times)		29.20x
Total (times)	1.62x	69.43x

Compare with others

HMA Agro Industries IPO	Tata Technologies IPO
Netweb Technologies India IPO	Senco Gold IPO
Utkarsh Small Finance Bank IPO	Cyient DLM IPO
Senco Gold IPO	ideaForge Technology IPO
Cyient DLM IPO	HMA Agro Industries IPO
ideaForge Technology IPO	IKIO Lighting IPO
IKIO Lighting IPO	Nexus Select Trust REIT
Tata Technologies IPO	Mankind Pharma IPO
Nexus Select Trust REIT	Avalon Technologies IPO
Mankind Pharma IPO	Udayshivakumar Infra IPO
Avalon Technologies IPO	Global Surfaces IPO

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