Heranba Industries IPO vs Laxmi Organic IPO

Comparision between Heranba Industries IPO and Laxmi Organic IPO.

IPO Details

Heranba Industries IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Laxmi Organic IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Heranba Industries IPO	Laxmi Organic 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	Batlivala & Karani Securities India Private Limited Emkay Global Financial Services Ltd	Axis Capital Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
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 Heranba Industries IPO is up to ₹625.24 Cr whereas the issue size of the Laxmi Organic IPO is up to ₹600.00 Cr. The final issue price of Heranba Industries IPO is ₹627.00 per share and of Laxmi Organic IPO is ₹130.00 per share.

	Heranba Industries IPO	Laxmi Organic IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹626.00 per share	₹129.00 per share
Issue Price (Upper)	₹627.00 per share	₹130.00 per share
Issue Price (Final)	₹627.00 per share	₹130.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	23 shares	115 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹60.00 Cr	up to ₹300.00 Cr
OFS Issue Size	90,15,000 shares
OFS Issue Size (Amount)		up to ₹300.00 Cr
Issue Size Total
Issue Size Total (Amount)	up to ₹625.24 Cr	up to ₹600.00 Cr

IPO Timetable

Heranba Industries IPO opens on Feb 23, 2021, while Laxmi Organic IPO opens on Mar 15, 2021. The closing date of Heranba Industries IPO and Laxmi Organic IPO is Feb 25, 2021, and Mar 17, 2021, respectively.

	Heranba Industries IPO	Laxmi Organic IPO
Anchor Bid Date
Issue Open	Feb 23, 2021	Mar 15, 2021
Issue Close	Feb 25, 2021	Mar 17, 2021
Basis Of Allotment (Tentative)	Mar 02, 2021	Mar 22, 2021
Initiation of Refunds (Tentative)	Mar 03, 2021	Mar 23, 2021
Credit of Share (Tentative)	Mar 04, 2021	Mar 24, 2021
Listing date (Tentative)	Mar 05, 2021	Mar 25, 2021
Anchor Lockin End date 1	Apr 01, 2021	Apr 21, 2021
Anchor Lockin End date 2	May 31, 2021	Jun 20, 2021

Financials

Heranba Industries IPO P/E ratio is , as compared to Laxmi Organic IPO P/E ratio of .

Heranba Industries IPO

Laxmi Organic IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in million)
	30-Sep-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	7,881.20	6,247.63	5,604.43	4,504.65
Total Revenue	6,192.11	9,679.06	10,118.38	7,504.10
Profit After Tax	663.11	977.50	754.02	468.76

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in millions)
	30-Sep-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	10,371.32	10,706.33	10,144.88	8,947.34
Total Revenue	8,143.55	15,386.21	15,743.23	13,960.75
Profit After Tax	454.84	702.12	723.91	756.95

Promoter Shareholding (Pre-Issue)

98.1%

89.51%

Promoter Shareholding (Post-Issue)

74.1%

72.92%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Heranba Industries IPO retail investors (RII) are offered 34,90,178 shares while in Laxmi Organic IPO retail investors are offered 34,90,178 shares. Qualified institutional buyers (QIB) are offered 19,95,448 shares in Heranba Industries IPO and 93,02,324 shares in Laxmi Organic IPO.

	Heranba Industries IPO	Laxmi Organic IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	19,95,448 shares	93,02,324 shares
NII	14,95,791 shares	69,76,744 shares
RII	34,90,178 shares	1,62,79,070 shares
Employee	0 shares	0 shares
Others
Total	69,81,417 shares	3,25,58,138 shares

Bids Received (Subscription)

Heranba Industries IPO subscribed 83.29x in total, whereas Laxmi Organic IPO subscribed 106.81x.

	Heranba Industries IPO	Laxmi Organic IPO
QIB (times)	67.45x	175.43x
NII (times)	271.15x	217.62x
Big NII (times)
Small NII (times)
RII (times)	11.84x	20.10x
Employee (times)
Other (times)
Total (times)	83.29x	106.81x

Compare with others

Heranba Industries IPO	Laxmi Organic IPO
Laxmi Organic IPO	Lodha Developers IPO
Craftsman Automation IPO	Barbeque Nation IPO
Nazara Technologies IPO	Suryoday Small Finance Bank IPO
EaseMyTrip IPO	Kalyan Jewellers IPO
MTAR Technologies IPO	Anupam Rasayan IPO
Nureca limited IPO	Craftsman Automation IPO
Brookfield India REIT	Nazara Technologies IPO
Stove Kraft IPO	EaseMyTrip IPO
Home First Finance IPO	MTAR Technologies IPO
Indigo Paints IPO	Heranba Industries IPO

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