Freshara Agro Exports IPO vs United Heat Transfer IPO

Comparision between Freshara Agro Exports IPO and United Heat Transfer IPO.

IPO Details

Freshara Agro Exports IPO is a SME Book Built Issue IPO proposed to list at NSE SME while United Heat Transfer IPO is a SME Book Built Issue proposed to list at NSE SME.

	Freshara Agro Exports IPO	United Heat Transfer 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	GYR Capital Advisors Private Limited	Swastika Investmart Ltd
Registrar	Purva Sharegistry India Pvt Ltd	Link Intime India Private Ltd
Market Maker	Giriraj Stock Broking Private Limited	Swastika Investmart Limited
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 Freshara Agro Exports IPO is up to ₹75.39 Cr whereas the issue size of the United Heat Transfer IPO is up to ₹30.00 Cr. The final issue price of Freshara Agro Exports IPO is ₹116.00 per share and of United Heat Transfer IPO is ₹59.00 per share.

	Freshara Agro Exports IPO	United Heat Transfer IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹110.00 per share	₹56.00 per share
Issue Price (Upper)	₹116.00 per share	₹59.00 per share
Issue Price (Final)	₹116.00 per share	₹59.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	2000 shares
Fresh Issue Size	64,99,200 shares	50,84,000 shares
Fresh Issue Size (Amount)	up to ₹75.39 Cr	up to ₹30.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	64,99,200 shares	50,84,000 shares
Issue Size Total (Amount)	up to ₹75.39 Cr	up to ₹30.00 Cr

IPO Timetable

Freshara Agro Exports IPO opens on Oct 17, 2024, while United Heat Transfer IPO opens on Oct 22, 2024. The closing date of Freshara Agro Exports IPO and United Heat Transfer IPO is Oct 21, 2024, and Oct 24, 2024, respectively.

	Freshara Agro Exports IPO	United Heat Transfer IPO
Anchor Bid Date	Oct 16, 2024	Oct 21, 2024
Issue Open	Oct 17, 2024	Oct 22, 2024
Issue Close	Oct 21, 2024	Oct 24, 2024
Basis Of Allotment (Tentative)	Oct 22, 2024	Oct 25, 2024
Initiation of Refunds (Tentative)	Oct 23, 2024	Oct 28, 2024
Credit of Share (Tentative)	Oct 23, 2024	Oct 28, 2024
Listing date (Tentative)	Oct 24, 2024	Oct 29, 2024
Anchor Lockin End date 1	Nov 21, 2024	Nov 23, 2024
Anchor Lockin End date 2	Jan 20, 2025	Jan 22, 2025

Financials

Freshara Agro Exports IPO P/E ratio is 9.04, as compared to United Heat Transfer IPO P/E ratio of 13.16.

Freshara Agro Exports IPO

United Heat Transfer IPO

Financial

Freshara Agro Exports Limited Financial Information (Restated)

Freshara Agro Exports Limited's revenue increased by 56% and profit after tax (PAT) rose by 140% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	16,599.73	16,657.8	8,490.64	5,887.64
Revenue	10,746.11	19,819.58	12,700.22	11,840.68
Profit After Tax	1,137.81	2,182.41	908.2	97.36
Net Worth	3,834.58	2,696.77	1,855.49	931.58
Reserves and Surplus	2,134.58	996.77
Total Borrowing	10,625.22	10,755.98	4,173.89	3,479.1
Amount in ₹ Lakhs

United Heat Transfer Limited Financial Information (Restated)

United Heat Transfer Limited's revenue decreased by -9% and profit after tax (PAT) rose by 195% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Jul 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	7,230.03	7,046.67	6,481.52	6,262.36
Revenue	2,120.01	6,409.55	7,040.15	4,796.11
Profit After Tax	242.53	623.85	211.54	152.67
Net Worth	2,865.24	2,037.71	1,413.86	1,202.32
Reserves and Surplus	1,473.24	762.71	988.86	777.32
Total Borrowing	3,202.13	3,692.18	3,295.18	3,761.47
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

86.50%

91.59%

Promoter Shareholding (Post-Issue)

67.09%

P/E Ratio

9.04

13.16

Market Cap

₹272.59 Cr.

₹112.12 Cr.

ROE

8.46%%

ROCE

12.31%%

10.79%%

Debt/Equity

2.77

1.12

EPS

₹12.84

₹4.48

RoNW

29.67%%

8.46%%

Shares Offered

In the Freshara Agro Exports IPO retail investors (RII) are offered 20,59,200 shares while in United Heat Transfer IPO retail investors are offered 20,59,200 shares. Qualified institutional buyers (QIB) are offered 11,76,000 shares in Freshara Agro Exports IPO and 9,74,000 shares in United Heat Transfer IPO.

	Freshara Agro Exports IPO	United Heat Transfer IPO
Anchor Investor Reserveration	17,61,600 shares	14,34,000 shares
Market Maker Reserveration	6,19,200 shares	2,56,000 shares
QIB	11,76,000 shares	9,74,000 shares
NII	8,83,200 shares	7,28,000 shares
RII	20,59,200 shares	16,92,000 shares
Employee	0 shares	0 shares
Others
Total	41,18,400 shares	33,94,000 shares

Bids Received (Subscription)

Freshara Agro Exports IPO subscribed 236.80x in total, whereas United Heat Transfer IPO subscribed 83.70x.

	Freshara Agro Exports IPO	United Heat Transfer IPO
QIB (times)	129.22x	26.56x
NII (times)	510.61x	124.72x
Big NII (times)
Small NII (times)
RII (times)	180.80x	98.93x
Employee (times)
Other (times)
Total (times)	236.80x	83.70x

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