HMA Agro Industries IPO vs Utkarsh Small Finance Bank IPO

Comparision between HMA Agro Industries IPO and Utkarsh Small Finance Bank IPO.

IPO Details

HMA Agro Industries IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Utkarsh Small Finance Bank IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	HMA Agro Industries IPO	Utkarsh Small Finance Bank 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	Aryaman Financial Services Limited	ICICI Securities Limited Kotak Mahindra Capital Company Limited
Registrar	Bigshare Services Pvt Ltd	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 HMA Agro Industries IPO is up to ₹480.00 Cr whereas the issue size of the Utkarsh Small Finance Bank IPO is up to ₹500.00 Cr. The final issue price of HMA Agro Industries IPO is ₹585.00 per share and of Utkarsh Small Finance Bank IPO is ₹25.00 per share.

	HMA Agro Industries IPO	Utkarsh Small Finance Bank IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹555.00 per share	₹23.00 per share
Issue Price (Upper)	₹585.00 per share	₹25.00 per share
Issue Price (Final)	₹585.00 per share	₹25.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	25 shares	600 shares
Fresh Issue Size	25,64,102 shares	20,00,00,000 shares
Fresh Issue Size (Amount)	up to ₹150.00 Cr	up to ₹500.00 Cr
OFS Issue Size	56,41,025 shares
OFS Issue Size (Amount)	up to ₹330.00 Cr
Issue Size Total	82,05,127 shares	20,00,00,000 shares
Issue Size Total (Amount)	up to ₹480.00 Cr	up to ₹500.00 Cr

IPO Timetable

HMA Agro Industries IPO opens on Jun 20, 2023, while Utkarsh Small Finance Bank IPO opens on Jul 12, 2023. The closing date of HMA Agro Industries IPO and Utkarsh Small Finance Bank IPO is Jun 23, 2023, and Jul 14, 2023, respectively.

	HMA Agro Industries IPO	Utkarsh Small Finance Bank IPO
Anchor Bid Date	Jun 19, 2023	Jul 11, 2023
Issue Open	Jun 20, 2023	Jul 12, 2023
Issue Close	Jun 23, 2023	Jul 14, 2023
Basis Of Allotment (Tentative)	Jun 29, 2023	Jul 19, 2023
Initiation of Refunds (Tentative)	Jun 30, 2023	Jul 20, 2023
Credit of Share (Tentative)	Jul 03, 2023	Jul 21, 2023
Listing date (Tentative)	Jul 04, 2023	Jul 21, 2023
Anchor Lockin End date 1	Jul 29, 2023	Aug 18, 2023
Anchor Lockin End date 2	Sep 27, 2023	Oct 17, 2023

Financials

HMA Agro Industries IPO P/E ratio is 19.4, as compared to Utkarsh Small Finance Bank IPO P/E ratio of 6.78.

HMA Agro Industries IPO

Utkarsh Small Finance Bank IPO

Financial

HMA Agro Industries Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-19	549.27	2,784.03	31.17	141.45	137.73	131.98
31-Mar-20	472.85	2,416.61	45.90	187.05	183.32	169.13
31-Mar-21	572.04	1,720.40	71.60	258.69	254.92	181.34
31-Mar-22	856.11	3,138.98	117.62	374.65	327.03	330.02
Amount in ₹ Crore

Utkarsh Small Finance Bank IPO Financial Information (Restated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	9,404.32	12,137.91	15,063.77	19,117.54
Revenue	1,406.18	1,705.84	2,033.65	2,804.29
Profit After Tax	186.74	111.82	61.46	404.50
Net Worth	1,019.50	1,368.35	1,572.30	2,000.32
Reserves and Surplus	260.23	520.02	676.78	1,104.42
Total Borrowing	2,675.04	2,607.83	2,571.94	2,349.48

Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

84.75%

Promoter Shareholding (Post-Issue)

69.28%

P/E Ratio

19.4

6.78

Market Cap

₹2929.50 Cr.

₹2739.76 Cr.

ROE

22.64%%

ROCE

0.33%

Debt/Equity

0.75

8.03

EPS

₹18.83

₹4.52

RoNW

28.78%%

20.22%%

Shares Offered

In the HMA Agro Industries IPO retail investors (RII) are offered 30,27,027 shares while in Utkarsh Small Finance Bank IPO retail investors are offered 30,27,027 shares. Qualified institutional buyers (QIB) are offered 17,29,729 shares in HMA Agro Industries IPO and 5,94,00,000 shares in Utkarsh Small Finance Bank IPO.

	HMA Agro Industries IPO	Utkarsh Small Finance Bank IPO
Anchor Investor Reserveration	24,61,537 shares	8,91,00,000 shares
Market Maker Reserveration
QIB	17,29,729 shares	5,94,00,000 shares
NII	12,97,298 shares	2,97,00,000 shares
RII	30,27,027 shares	1,98,00,000 shares
Employee	0 shares	20,00,000 shares
Others
Total	60,54,054 shares	11,09,00,000 shares

Bids Received (Subscription)

HMA Agro Industries IPO subscribed 1.62x in total, whereas Utkarsh Small Finance Bank IPO subscribed 110.77x.

	HMA Agro Industries IPO	Utkarsh Small Finance Bank IPO
QIB (times)	1.74x	135.71x
NII (times)	2.97x	88.74x
Big NII (times)	3.82x	91.83x
Small NII (times)	1.29x	82.57x
RII (times)	0.96x	78.38x
Employee (times)		18.02x
Other (times)
Total (times)	1.62x	110.77x

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