HindPrakash IPO vs Tranway IPO

Comparision between HindPrakash IPO and Tranway IPO.

IPO Details

HindPrakash IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Tranway IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	HindPrakash IPO	Tranway IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Hem Securities Limited	Finshore Management Services Limited
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of HindPrakash IPO is up to ₹11.52 Cr whereas the issue size of the Tranway IPO is up to ₹4.24 Cr. The final issue price of HindPrakash IPO is ₹40.00 per share and of Tranway IPO is ₹10.00 per share.

	HindPrakash IPO	Tranway IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹40.00 per share	₹10.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	10000 shares
Fresh Issue Size		42,40,000 shares
Fresh Issue Size (Amount)		up to ₹4.24 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	28,80,000 shares	42,40,000 shares
Issue Size Total (Amount)	up to ₹11.52 Cr	up to ₹4.24 Cr

IPO Timetable

HindPrakash IPO opens on Jan 15, 2020, while Tranway IPO opens on Jan 27, 2020. The closing date of HindPrakash IPO and Tranway IPO is Jan 17, 2020, and Jan 29, 2020, respectively.

	HindPrakash IPO	Tranway IPO
Anchor Bid Date
Issue Open	Jan 15, 2020	Jan 27, 2020
Issue Close	Jan 17, 2020	Jan 29, 2020
Basis Of Allotment (Tentative)		Feb 03, 2020
Initiation of Refunds (Tentative)	Jan 23, 2020	Feb 04, 2020
Credit of Share (Tentative)	Jan 24, 2020	Feb 05, 2020
Listing date (Tentative)	Jan 27, 2020	Feb 05, 2020
Anchor Lockin End date 1		Mar 04, 2020
Anchor Lockin End date 2		May 03, 2020

Financials

HindPrakash IPO P/E ratio is 11.7, as compared to Tranway IPO P/E ratio of 90.

HindPrakash IPO

Tranway IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Lakh)
	30-Sept-19	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	4,793.36	4,813.53	3,116.38	3,467.16
Total Revenue	5063.80	9,799.48	8,747.58	8,611.78
Profit After Tax	177.81	283.42	231.91	214.26

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Lakhs)
	30-Sept-19	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	2,71.09	2,13.50	2,42.46	1,08.48
Total Revenue	2,29.22	5,17.53	3,93.93	3,11.73
Profit After Tax	6.34	24.01	11.37	12.34

Promoter Shareholding (Pre-Issue)

100%

99.98%

Promoter Shareholding (Post-Issue)

72.37%

59.99%

P/E Ratio

11.7

Market Cap

₹41.70 Cr.

₹10.60 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the HindPrakash IPO retail investors (RII) are offered 13,65,000 shares while in Tranway IPO retail investors are offered 13,65,000 shares. Qualified institutional buyers (QIB) are offered in HindPrakash IPO and in Tranway IPO.

	HindPrakash IPO	Tranway IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,50,000 shares	2,20,000 shares
QIB
NII	13,65,000 shares	20,10,000 shares
RII	13,65,000 shares	20,10,000 shares
Employee
Others
Total	27,30,000 shares	40,20,000 shares

Bids Received (Subscription)

HindPrakash IPO subscribed 2.16x in total, whereas Tranway IPO subscribed 1.98x.

	HindPrakash IPO	Tranway IPO
QIB (times)		0.00x
NII (times)	2.96x	1.09x
Big NII (times)
Small NII (times)
RII (times)	1.37x	2.87x
Employee (times)
Other (times)
Total (times)	2.16x	1.98x

Compare with others

HindPrakash IPO	Tranway IPO
ICL Dairy IPO	Nirmitee Robotics IPO
CBC Pharma IPO	RO Jewels IPO
Tranway IPO	SM Auto IPO
Madhav Copper FPO	ICL Dairy IPO
Janus IPO	CBC Pharma IPO
Gian Lifecare IPO	Madhav Copper FPO
Vaxtex Cotfab IPO	Janus IPO
Valencia IPO	HindPrakash IPO
DC Infotech IPO	Gian Lifecare IPO
Ascom Leasing IPO	Vaxtex Cotfab IPO

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