Harsha Engineers IPO vs Paradeep Phosphates IPO

Comparision between Harsha Engineers IPO and Paradeep Phosphates IPO.

IPO Details

Harsha Engineers IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Paradeep Phosphates IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Harsha Engineers IPO	Paradeep Phosphates 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	Axis Capital Limited Equirus Capital Private Limited Jm Financial Limited	Axis Capital Limited ICICI Securities Limited Jm Financial Limited SBI Capital Markets Limited
Registrar	Link Intime India Private 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 Harsha Engineers IPO is up to ₹755.00 Cr whereas the issue size of the Paradeep Phosphates IPO is up to ₹1,501.73 Cr. The final issue price of Harsha Engineers IPO is ₹330.00 per share and of Paradeep Phosphates IPO is ₹42.00 per share.

	Harsha Engineers IPO	Paradeep Phosphates IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹314.00 per share	₹39.00 per share
Issue Price (Upper)	₹330.00 per share	₹42.00 per share
Issue Price (Final)	₹330.00 per share	₹42.00 per share
Discount (Retail)
Discount (Employee)	₹31.00 per share
Market Lot Size	45 shares	350 shares
Fresh Issue Size		23,90,47,619 shares
Fresh Issue Size (Amount)	up to ₹455.00 Cr	up to ₹1,004.00 Cr
OFS Issue Size		11,85,07,493 shares
OFS Issue Size (Amount)	up to ₹300.00 Cr	up to ₹497.73 Cr
Issue Size Total		35,75,55,112 shares
Issue Size Total (Amount)	up to ₹755.00 Cr	up to ₹1,501.73 Cr

IPO Timetable

Harsha Engineers IPO opens on Sep 14, 2022, while Paradeep Phosphates IPO opens on May 17, 2022. The closing date of Harsha Engineers IPO and Paradeep Phosphates IPO is Sep 16, 2022, and May 19, 2022, respectively.

	Harsha Engineers IPO	Paradeep Phosphates IPO
Anchor Bid Date
Issue Open	Sep 14, 2022	May 17, 2022
Issue Close	Sep 16, 2022	May 19, 2022
Basis Of Allotment (Tentative)	Sep 21, 2022	May 24, 2022
Initiation of Refunds (Tentative)	Sep 22, 2022	May 25, 2022
Credit of Share (Tentative)	Sep 23, 2022	May 26, 2022
Listing date (Tentative)	Sep 26, 2022	May 27, 2022
Anchor Lockin End date 1	Oct 21, 2022	Jun 23, 2022
Anchor Lockin End date 2	Dec 20, 2022	Aug 22, 2022

Financials

Harsha Engineers IPO P/E ratio is 32.67, as compared to Paradeep Phosphates IPO P/E ratio of 7.07.

Harsha Engineers IPO

Paradeep Phosphates IPO

Financial

Harsha Engineers International Ltd Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth
31-Mar-19	195	117.9	-27.41	1.41
31-Mar-20	973.24	899.5	21.91	378.02
31-Mar-21	981.07	876.73	45.44	433.22
31-Mar-22	1158.25	1339	91.94	527.9
Amount in ₹ Crore

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Millions)
	31-Dec-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	71,862.67	44,231.67	50,103.25	56,276.58
Total Revenue	59,736.88	51,839.41	42,277.76	43,972.13
Profit After Tax	3,627.84	2,232.68	1,932.20	1,589.63

Promoter Shareholding (Pre-Issue)

99.70%

100%

Promoter Shareholding (Post-Issue)

74.6

P/E Ratio

32.67

7.07

Market Cap

₹3004.20 Cr.

₹3420.89 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Harsha Engineers IPO retail investors (RII) are offered 83,87,730 shares while in Paradeep Phosphates IPO retail investors are offered 83,87,730 shares. Qualified institutional buyers (QIB) are offered 47,92,950 shares in Harsha Engineers IPO and 8,07,05,162 shares in Paradeep Phosphates IPO.

	Harsha Engineers IPO	Paradeep Phosphates IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	47,92,950 shares	8,07,05,162 shares
NII	35,94,780 shares	5,63,91,509 shares
RII	83,87,730 shares	13,15,80,187 shares
Employee	88,335 shares
Others
Total	1,68,63,795 shares	26,86,76,858 shares

Bids Received (Subscription)

Harsha Engineers IPO subscribed 74.70x in total, whereas Paradeep Phosphates IPO subscribed 1.75x.

	Harsha Engineers IPO	Paradeep Phosphates IPO
QIB (times)	178.26x	3.01x
NII (times)	71.32x	0.82x
Big NII (times)	74.78x
Small NII (times)	64.41x
RII (times)	17.63x	1.37x
Employee (times)	12.07x
Other (times)
Total (times)	74.70x	1.75x

Compare with others

Harsha Engineers IPO	Paradeep Phosphates IPO
Uniparts India IPO	Harsha Engineers IPO
Kaynes Technology IPO	Dreamfolks Services IPO
Electronics Mart India IPO	Syrma IPO
DCX Systems IPO	Aether Industries IPO
Tamilnad Mercantile Bank IPO	eMudhra IPO
Dreamfolks Services IPO	Prudent Corporate Advisory Services IPO
Syrma IPO	Rainbow Children Medicare IPO
Aether Industries IPO	Campus Activewear IPO
eMudhra IPO	Venus Pipes & Tubes IPO
Paradeep Phosphates IPO	Ethos Limited IPO

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