HP Adhesives IPO vs RateGain IPO

Comparision between HP Adhesives IPO and RateGain IPO.

IPO Details

HP Adhesives IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while RateGain IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	HP Adhesives IPO	RateGain 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	Unistone Capital Pvt Ltd	Iifl Securities Ltd Kotak Mahindra Capital Company Limited Nomura Financial Advisory And Securities (India) Pvt Ltd
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 HP Adhesives IPO is up to ₹125.96 Cr whereas the issue size of the RateGain IPO is up to ₹1,335.74 Cr. The final issue price of HP Adhesives IPO is ₹274.00 per share and of RateGain IPO is ₹425.00 per share.

	HP Adhesives IPO	RateGain IPO
Face Value	₹10 per share	₹1 per share
Issue Price (Lower)	₹262.00 per share	₹405.00 per share
Issue Price (Upper)	₹274.00 per share	₹425.00 per share
Issue Price (Final)	₹274.00 per share	₹425.00 per share
Discount (Retail)
Discount (Employee)		₹40.00 per share
Market Lot Size	50 shares	35 shares
Fresh Issue Size	41,40,000 shares
Fresh Issue Size (Amount)	up to ₹113.44 Cr	up to ₹375.00 Cr
OFS Issue Size	4,57,200 shares	2,26,05,530 shares
OFS Issue Size (Amount)	up to ₹12.53 Cr	up to ₹960.74 Cr
Issue Size Total	45,97,200 shares
Issue Size Total (Amount)	up to ₹125.96 Cr	up to ₹1,335.74 Cr

IPO Timetable

HP Adhesives IPO opens on Dec 15, 2021, while RateGain IPO opens on Dec 07, 2021. The closing date of HP Adhesives IPO and RateGain IPO is Dec 17, 2021, and Dec 09, 2021, respectively.

	HP Adhesives IPO	RateGain IPO
Anchor Bid Date
Issue Open	Dec 15, 2021	Dec 07, 2021
Issue Close	Dec 17, 2021	Dec 09, 2021
Basis Of Allotment (Tentative)	Dec 22, 2021	Dec 14, 2021
Initiation of Refunds (Tentative)	Dec 23, 2021	Dec 15, 2021
Credit of Share (Tentative)	Dec 24, 2021	Dec 16, 2021
Listing date (Tentative)	Dec 27, 2021	Dec 17, 2021
Anchor Lockin End date 1	Jan 21, 2022	Jan 13, 2022
Anchor Lockin End date 2	Mar 22, 2022	Mar 14, 2022

Financials

HP Adhesives IPO P/E ratio is , as compared to RateGain IPO P/E ratio of .

HP Adhesives IPO

RateGain IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Millions)
	30-Sep-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	1,049.10	897.78	568.11	567.17
Total Revenue	727.32	1,238.79	979.07	879.76
Profit After Tax	31.02	100.59	- 46.70	40.00

Summary of financial Information (Restated Standalone)
Particulars	For the year/period ended (₹ in Millions)
	31-Aug-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	4,281.89	4,398.04	3,971.08	2,849.02
Total Revenue	1,312.23	2,640.91	4,576.13	2,727.00
Profit After Tax	- 83.37	- 285.75	- 201.04	110.34

Promoter Shareholding (Pre-Issue)

95%

67.29%

Promoter Shareholding (Post-Issue)

71%

56.72%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the HP Adhesives IPO retail investors (RII) are offered 4,59,720 shares while in RateGain IPO retail investors are offered 4,59,720 shares. Qualified institutional buyers (QIB) are offered 13,79,200 shares in HP Adhesives IPO and 93,93,424 shares in RateGain IPO.

	HP Adhesives IPO	RateGain IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	13,79,200 shares	93,93,424 shares
NII	6,89,580 shares	46,96,711 shares
RII	4,59,720 shares	31,31,141 shares
Employee		1,29,870 shares
Others
Total	25,28,500 shares	1,73,51,146 shares

Bids Received (Subscription)

HP Adhesives IPO subscribed 20.96x in total, whereas RateGain IPO subscribed 17.41x.

	HP Adhesives IPO	RateGain IPO
QIB (times)	1.82x	8.42x
NII (times)	19.04x	42.04x
Big NII (times)
Small NII (times)
RII (times)	81.24x	8.08x
Employee (times)		1.37x
Other (times)
Total (times)	20.96x	17.41x

Compare with others

HP Adhesives IPO	RateGain IPO
AGS Transact IPO	Medplus Health IPO
CMS Info Systems IPO	HP Adhesives IPO
Tracxn Technologies IPO	Metro Brands IPO
Supriya Lifescience IPO	Shriram Properties IPO
Medplus Health IPO	Data Patterns IPO
Metro Brands IPO	MapmyIndia IPO
Shriram Properties IPO	Anand Rathi IPO
Data Patterns IPO	Tega Industries IPO
RateGain IPO	Star Health IPO
MapmyIndia IPO	GoColors IPO

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