Aadhar Housing Finance IPO vs Bharti Hexacom IPO

Comparision between Aadhar Housing Finance IPO and Bharti Hexacom IPO.

IPO Details

Aadhar Housing Finance IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Bharti Hexacom IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Aadhar Housing Finance IPO	Bharti Hexacom 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	ICICI Securities Limited Citigroup Global Markets India Private Limited Kotak Mahindra Capital Company Limited Nomura Financial Advisory And Securities (India) Pvt Ltd SBI Capital Markets Limited	SBI Capital Markets Limited Axis Capital Limited Bob Capital Markets Limited ICICI Securities Limited Iifl Securities Ltd
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
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 Aadhar Housing Finance IPO is up to ₹3,000.00 Cr whereas the issue size of the Bharti Hexacom IPO is up to ₹4,275.00 Cr. The final issue price of Aadhar Housing Finance IPO is ₹315.00 per share and of Bharti Hexacom IPO is ₹570.00 per share.

	Aadhar Housing Finance IPO	Bharti Hexacom IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹300.00 per share	₹542.00 per share
Issue Price (Upper)	₹315.00 per share	₹570.00 per share
Issue Price (Final)	₹315.00 per share	₹570.00 per share
Discount (Retail)
Discount (Employee)	₹23.00 per share
Market Lot Size	47 shares	26 shares
Fresh Issue Size	3,17,46,032 shares
Fresh Issue Size (Amount)	up to ₹1,000.00 Cr
OFS Issue Size	6,34,92,063 shares	7,50,00,000 shares
OFS Issue Size (Amount)	up to ₹2,000.00 Cr	up to ₹4,275.00 Cr
Issue Size Total	9,52,38,095 shares	7,50,00,000 shares
Issue Size Total (Amount)	up to ₹3,000.00 Cr	up to ₹4,275.00 Cr

IPO Timetable

Aadhar Housing Finance IPO opens on May 08, 2024, while Bharti Hexacom IPO opens on Apr 03, 2024. The closing date of Aadhar Housing Finance IPO and Bharti Hexacom IPO is May 10, 2024, and Apr 05, 2024, respectively.

	Aadhar Housing Finance IPO	Bharti Hexacom IPO
Anchor Bid Date	May 07, 2024	Apr 02, 2024
Issue Open	May 08, 2024	Apr 03, 2024
Issue Close	May 10, 2024	Apr 05, 2024
Basis Of Allotment (Tentative)	May 13, 2024	Apr 08, 2024
Initiation of Refunds (Tentative)	May 14, 2024	Apr 10, 2024
Credit of Share (Tentative)	May 14, 2024	Apr 10, 2024
Listing date (Tentative)	May 15, 2024	Apr 12, 2024
Anchor Lockin End date 1	Jun 12, 2024	May 08, 2024
Anchor Lockin End date 2	Aug 11, 2024	Jul 07, 2024

Financials

Aadhar Housing Finance IPO P/E ratio is 22.8, as compared to Bharti Hexacom IPO P/E ratio of 51.89.

Aadhar Housing Finance IPO

Bharti Hexacom IPO

Financial

Aadhar Housing Finance Limited Financial Information (Restated Consolidated)

Aadhar Housing Finance Limited's revenue increased by 18.22% and profit after tax (PAT) rose by 22.22% 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	18,035.57	16,617.87	14,375.81	13,630.33
Revenue	1,895.17	2,043.52	1,728.56	1,575.55
Profit After Tax	547.88	545.34	446.20	340.46
Net Worth	4,249.10	3,697.60	3,146.63	2,692.76
Total Borrowing	13,127.59	12,153.45	10,674.59	10,374.47
Amount in ₹ Crore

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

Promoter Shareholding (Pre-Issue)

98.72%

70.00%

Promoter Shareholding (Post-Issue)

70.00%

P/E Ratio

22.8

51.89

Market Cap

₹13434.78 Cr.

₹28500.00 Cr.

ROE

18.4%%

ROCE

Debt/Equity

3.1

1.41

EPS

₹13.81

₹10.98

RoNW

12.9%%

7.08%%

Shares Offered

In the Aadhar Housing Finance IPO retail investors (RII) are offered 3,32,55,556 shares while in Bharti Hexacom IPO retail investors are offered 3,32,55,556 shares. Qualified institutional buyers (QIB) are offered 1,90,03,176 shares in Aadhar Housing Finance IPO and 2,25,00,000 shares in Bharti Hexacom IPO.

	Aadhar Housing Finance IPO	Bharti Hexacom IPO
Anchor Investor Reserveration	2,85,04,761 shares	3,37,50,000 shares
Market Maker Reserveration
QIB	1,90,03,176 shares	2,25,00,000 shares
NII	1,42,52,381 shares	1,12,50,000 shares
RII	3,32,55,556 shares	75,00,000 shares
Employee	2,39,726 shares	0 shares
Others
Total	6,67,50,839 shares	4,12,50,000 shares

Bids Received (Subscription)

Aadhar Housing Finance IPO subscribed 26.76x in total, whereas Bharti Hexacom IPO subscribed 29.88x.

	Aadhar Housing Finance IPO	Bharti Hexacom IPO
QIB (times)	76.42x	48.57x
NII (times)	17.33x	10.52x
Big NII (times)	18.90x	12.27x
Small NII (times)	14.19x	7.00x
RII (times)	2.58x	2.83x
Employee (times)	6.88x
Other (times)
Total (times)	26.76x	29.88x

Compare with others

Aadhar Housing Finance IPO	Bharti Hexacom IPO
Awfis Space Solutions IPO	Aadhar Housing Finance IPO
Go Digit IPO	TBO Tek IPO
TBO Tek IPO	Indegene IPO
Indegene IPO	JNK India IPO
JNK India IPO	VI FPO
VI FPO	SRM Contractors IPO
Bharti Hexacom IPO	Popular Vehicles & Services IPO
	Gopal Namkeen IPO
	Krystal Integrated Services IPO
	JG Chemicals IPO

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