HVAX Technologies IPO vs Thinking Hats Entertainment Solutions IPO

Comparision between HVAX Technologies IPO and Thinking Hats Entertainment Solutions IPO.

IPO Details

HVAX Technologies IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Thinking Hats Entertainment Solutions IPO is a SME Book Built Issue proposed to list at NSE SME.

	HVAX Technologies IPO	Thinking Hats Entertainment Solutions IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Fedex Securities Pvt Ltd	Horizon Financial Pvt Ltd
Registrar	Kfin Technologies Limited	Mas Services Limited
Market Maker	Aftertrade Broking Pvt Ltd	Giriraj Stock Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL

Issue Size and Price

The total issue size of HVAX Technologies IPO is up to ₹33.53 Cr whereas the issue size of the Thinking Hats Entertainment Solutions IPO is up to ₹15.09 Cr. The final issue price of HVAX Technologies IPO is and of Thinking Hats Entertainment Solutions IPO is ₹44.00 per share.

	HVAX Technologies IPO	Thinking Hats Entertainment Solutions IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹435.00 per share	₹42.00 per share
Issue Price (Upper)	₹458.00 per share	₹44.00 per share
Issue Price (Final)		₹44.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	300 shares	3000 shares
Fresh Issue Size	7,32,000 shares	34,29,000 shares
Fresh Issue Size (Amount)	up to ₹33.53 Cr	up to ₹15.09 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	7,32,000 shares	34,29,000 shares
Issue Size Total (Amount)	up to ₹33.53 Cr	up to ₹15.09 Cr

IPO Timetable

HVAX Technologies IPO opens on Sep 27, 2024, while Thinking Hats Entertainment Solutions IPO opens on Sep 25, 2024. The closing date of HVAX Technologies IPO and Thinking Hats Entertainment Solutions IPO is Oct 01, 2024, and Sep 27, 2024, respectively.

	HVAX Technologies IPO	Thinking Hats Entertainment Solutions IPO
Anchor Bid Date	Sep 26, 2024
Issue Open	Sep 27, 2024	Sep 25, 2024
Issue Close	Oct 01, 2024	Sep 27, 2024
Basis Of Allotment (Tentative)	Oct 03, 2024	Sep 30, 2024
Initiation of Refunds (Tentative)	Oct 04, 2024	Oct 01, 2024
Credit of Share (Tentative)	Oct 04, 2024	Oct 01, 2024
Listing date (Tentative)	Oct 07, 2024	Oct 03, 2024
Anchor Lockin End date 1	Nov 02, 2024
Anchor Lockin End date 2	Jan 01, 2025

Financials

HVAX Technologies IPO P/E ratio is 9.97, as compared to Thinking Hats Entertainment Solutions IPO P/E ratio of 12.89.

HVAX Technologies IPO

Thinking Hats Entertainment Solutions IPO

Financial

HVAX Technologies Limited Financial Information (Restated)

HVAX Technologies Limited's revenue increased by 12% and profit after tax (PAT) rose by 80% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	6,366.32	7,825.59	5,386.78
Revenue	10,746.99	9,613.86	6,879.13
Profit After Tax	939.07	520.37	418.15
Net Worth	3,059.83	1,720.77	1,200.4
Reserves and Surplus	2,991.67	1,659.08	1,138.71
Total Borrowing	2,437.29	1,692.21	1,010.03
Amount in ₹ Lakhs

Thinking Hats Entertainment Solutions Limited Financial Information (Restated)

Thinking Hats Entertainment Solutions Limited's revenue increased by 20% and profit after tax (PAT) rose by 54% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	2,403.22	1,456.81	641.14
Revenue	2,670.1	2,227.8	1,245.2
Profit After Tax	309.16	200.79	37.21
Net Worth	1,099.86	573.26	372.47
Reserves and Surplus	1,012.28	497.01	296.22
Total Borrowing	543.46	413.65	29.22
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

90.50%

78.29%

Promoter Shareholding (Post-Issue)

66.65%

P/E Ratio

9.97

12.89

Market Cap

₹127.18 Cr.

₹54.94 Cr.

ROE

39.29%%

28.11%%

ROCE

25.17%%

29.37%%

Debt/Equity

0.8

0.49

EPS

₹45.92

₹3.41

RoNW

30.69%%

28.11%%

Shares Offered

In the HVAX Technologies IPO retail investors (RII) are offered 2,44,500 shares while in Thinking Hats Entertainment Solutions IPO retail investors are offered 2,44,500 shares. Qualified institutional buyers (QIB) are offered 1,38,000 shares in HVAX Technologies IPO and 3,24,000 shares in Thinking Hats Entertainment Solutions IPO.

	HVAX Technologies IPO	Thinking Hats Entertainment Solutions IPO
Anchor Investor Reserveration	2,07,000 shares
Market Maker Reserveration	37,200 shares	1,80,000 shares
QIB	1,38,000 shares	3,24,000 shares
NII	1,05,300 shares	8,76,000 shares
RII	2,44,500 shares	20,49,000 shares
Employee	0 shares	0 shares
Others
Total	4,87,800 shares	32,49,000 shares

Bids Received (Subscription)

HVAX Technologies IPO subscribed 0.12x in total, whereas Thinking Hats Entertainment Solutions IPO subscribed 85.94x.

	HVAX Technologies IPO	Thinking Hats Entertainment Solutions IPO
QIB (times)	0.00x	20.07x
NII (times)	0.04x	42.49x
Big NII (times)
Small NII (times)
RII (times)	0.23x	114.93x
Employee (times)
Other (times)
Total (times)	0.12x	85.94x

Compare with others

HVAX Technologies IPO	Thinking Hats Entertainment Solutions IPO
NeoPolitan Pizza and Foods IPO	HVAX Technologies IPO
Subam Papers IPO	Nexxus Petro Industries IPO
Paramount Dye Tec IPO	Forge Auto International IPO
Nexxus Petro Industries IPO	Sahasra Electronics Solutions IPO
Forge Auto International IPO	Saj Hotels IPO
Sahasra Electronics Solutions IPO	Unilex Colours and Chemicals IPO
Saj Hotels IPO	TechEra Engineering IPO
Thinking Hats Entertainment Solutions IPO	Divyadhan Recycling Industries IPO
	Kalana Ispat IPO
	Avi Ansh Textile IPO

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